Legg Mason WA Adj Rate Income B
Legg Mason & Co., LLC 55 Water Street, 32nd Floor New York, NY 10004
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Phone: 800-451-2010
| Category: | Ultrashort Bond | | Fund Family: | Legg Mason/Western | | Net Assets: | 900.00K | | Year-to-Date Return: | 13.41% | | Yield: | 1.51% | | Morningstar Rating: |  | | Fund Inception Date: | 06-Nov-92 |
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Kenneth S. Leech
Lead Manager since
17-Mar-06 | | | Leech transitioned into a CIO Emeritus role in September 2008 and joined Western Asset as Chief Investment Officer in 1990. Prior to joining Western in 1990, he was a portfolio manager with Greenwich Capital Markets from 1988 to 1990; the First Boston Corporation from 1980 to 1988; and the National Bank of Detroit from 1977 to 1980.He has over 32 years of investment experience. |
| Min Initial Investment: | $1,000 | | Min Initial Investment, IRA: | $250 | | Min Initial Investment, AIP: | $50 | | Min Subsequent Investment: | $50 | | Min Subsequent Investment, IRA: | $50 | | Min Subsequent Investment, AIP: | $50 |
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| The investment seeks to provide high current income and to limit the degree of fluctuation of net asset value resulting from movements in interest rates. The fund invests primarily in adjustable rate securities. The securities in which the fund may invest include mortgage-backed securities, asset-backed securities, collateralized mortgage obligations, U.S. government securities, loan participations and corporate debt securities. The fund may invest up to 20% of assets in below investment-grade bonds. |
| Last Dividend
(30-Nov-09):
| 0.00 | | Last Cap Gain
(23-Dec-94):
| 0.01 | | Annual Holdings Turnover
| 23.00% | | Average for Category:
| 117.73% |
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| Expense | ARMBX | Category
Avg | | Total Expense Ratio: | %
| 0.77% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | %
| 1.90% | | Max Deferred Sales Load: | 5.00%
| 2.04% | | 3 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $329 | | 5 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $542 | | 10 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $1,135 |
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