Western Asset Absolute Return Instl
100 Light Street Baltimore MD 21202
Map
Phone: 888-425-6432
| Category: | Multisector Bond | | Fund Family: | Western Asset | | Net Assets: | 93.16M | | Year-to-Date Return: | 27.71% | | Yield: | 5.33% | | Morningstar Rating: |  | | Fund Inception Date: | 06-Jul-06 |
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Keith J. Gardner
Lead Manager since
06-Jul-06 | | | Gardner has served as a portfolio manager at Western Asset since November 1994. Previously, he spent seven years as a portfolio manager and trader at T. Rowe Price Associates, and three years as a financial analyst at Salomon Brothers.He has over 25 years of investment experience. |
| Min Initial Investment: | $1,000,000 | | Min Initial Investment, IRA: | $1,000,000 | | Min Initial Investment, AIP: | NaN | | Min Subsequent Investment: | NaN | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks to maximize long-term total return The fund may invest in a variety of securities and instruments and use a variety of investment techniques. It invests at least 50% of net assets in debt and fixed income securities rated at least Baa or BBB at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations (NRSRO) or unrated securities of comparable quality at the time of purchase. |
| Last Dividend
(30-Sep-09):
| 0.02 | | Last Cap Gain
(28-May-08):
| 0.24 | | Annual Holdings Turnover
| 229.60% | | Average for Category:
| 135.37% |
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| Expense | WAARX | Category
Avg | | Total Expense Ratio: | 0.80%
| 1.15% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | %
| 4.05% | | Max Deferred Sales Load: | %
| 2.54% | | 3 Yr Expense Projection*: |
$ 262 | $526 | | 5 Yr Expense Projection*: |
$ 458 | $826 | | 10 Yr Expense Projection*: |
$ 1,023 | $1,646 |
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1.75% Nasdaq 
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