NasdaqGM - Delayed Quote USD

Western Asset Corporate Bond C1 (SBILX)

10.35
0.00
(0.00%)
At close: May 9 at 8:04:25 PM EDT

Fund Summary

Under normal circumstances, the fund invests at least 80% of its assets in corporate debt securities and at least 80% of its assets in "investment grade" debt securities. It may invest up to 25% of its assets in non-U.S. dollar denominated fixed income securities of foreign issuers. The advisor intends to invest not more than 10% of the fund's assets in non-U.S. dollar denominated fixed income securities of foreign issuers for which the fund has not implemented a currency hedge. The fund may invest in securities of any maturity or duration.

Western Asset Corporate Bond C1

New York, NY 10004
55 Water Street, 32nd Floor

Fund Overview

Category Corporate Bond
Fund Family Franklin Templeton Investments
Net Assets 591.58M
YTD Return 2.01%
Yield 4.51%
Morningstar Rating
Inception Date Feb 07, 1996

Fund Operations

Last Dividend 0.16
Last Cap Gain -5.00
Holdings Turnover 102.00%
Average for Category --

Fees & Expenses

Expense SBILX Category Average
Annual Report Expense Ratio (net) 1.40% 0.70%
Prospectus Net Expense Ratio 1.40% --
Prospectus Gross Expense Ratio 1.53% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.44%
Max Deferred Sales Load -- 1.44%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Michael Buchanan is Western Asset's deputy chief investment officer and has been in the fixed-income industry since 1990. As Deputy CIO, Michael has direct oversight of Western Asset's Global Credit Team, which covers US and non-US investment-grade, high-yield and bank loan sectors. He also leads the Global Credit Committee, which ultimately determines overall firmwide credit themes. Prior to joining Western Asset in 2005, Michael served as Managing Director and Head of US Credit Products at Credit Suisse Asset Management and as Executive Vice President and Portfolio Manager at Janus Capital Management. He also worked at BlackRock Financial Management as Managing Director and Portfolio Manager and at Conseco Capital Management as Vice President and Portfolio Manager. Michael graduated with honors from Brown University. He holds a Bachelor of Arts in Economics, and is a CFA charterholder

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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