Performance
Trailing returns
| 1 day | +0.25% |
| |||
| 1 week |
| -0.19% | |||
| 4 week |
| -0.11% | |||
| 3 month | +0.95% |
| |||
| YTD | +0.45% |
| |||
| 1 year | +4.26% |
| |||
| 3 years* | +6.52% |
| |||
| 5 years* | +7.20% |
| |||
| *annualised | |||||
| Best 3-month return | +13.17% | |
| Worst 3-month return | -13.40% |
Morningstar statistics
Morningstar category: Intermediate-Term Bond
| Return | Risk | Rating | |
| 3 years | Above Average | Average |
 
|
| 5 years | Above Average | High |
|
| 10 years | Above Average | High |
|
| Overall | Above Average | High |
|
Key statistics
| Total assets | 3,298.21M | |
| Front load | - | |
| Deferred load | - | |
| Expense ratio | 0.52% | |
| Management fee | - | |
| Fund family | Legg Mason |
Asset allocation
| Cash | 10.25% | |
| Stocks | 0.00% | |
| Bonds | 89.60% | |
| Preferred | 0.46% | |
| Other | -0.31% |
Purchase information
| Initial | $1,000,000 | |
| IRA Initial | $1,000,000 | |
| AIP Initial | $1,000,000 |
12.27-0.04(-0.32%)
May 17, 4:00pm GMT-4
Overall Morningstar RatingTM
Description
The investment seeks to maximize total return, consistent with prudent investment management and liquidity needs. The fund invests in a portfolio of fixed income securities of various maturities and, under normal market conditions, will invest at least 80% of its net assets in debt and fixed income securities. Although the fund may invest in debt and fixed income securities of any maturity, under normal market conditions the target dollar-weighted average effective duration for the fund is expected to range within 20% of the average duration of the domestic bond market as a whole as estimated by the fund's subadviser.
Fund filings (PDF) »
Fund filings (PDF) »
Asset managers:
Stephen Walsh (Started: Sep 4, 1990)
Carl Eichstaedt (Started: Dec 30, 1994)
Mark Lindbloom (Started: Dec 29, 2006)
Stephen Walsh (Started: Sep 4, 1990)
Carl Eichstaedt (Started: Dec 30, 1994)
Mark Lindbloom (Started: Dec 29, 2006)
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | 1.57 | 2.36 | 0.42 | -0.03 | |
| Beta* | 0.93 | 0.77 | 1.26 | 1.20 | |
| Mean annual return | 0.41 | 0.55 | 0.62 | 0.47 | |
| R-squared* | 88.71 | 61.91 | 34.49 | 45.53 | |
| Standard deviation | 1.92 | 2.37 | 7.59 | 6.34 | |
| Sharpe ratio | 2.52 | 2.72 | 0.94 | 0.61 | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| Us 10yr Note (Cbt)jun13 Xcbt 20130619 | 11.97% | |
| US Treasury Note 1.375% | 5.17% | |
| US Treasury Note 1.25% | 5.16% | |
| 90day Eurodollar Futures Cme Sep13 Xcme | 5.11% | |
| 90day Eurodollar Futures Cme Sep14 Xcme | 5.10% | |
| US Treasury Note 0.75% | 5.08% | |
| US Treasury Bond 2.75% | 3.70% | |
| Us Long Bond(Cbt) Jun13 Xcbt 20130619 | 3.25% | |
| US Treasury Note 1.625% | 2.39% | |
| Fannie Mae Single Family TBA 3.5% 2043-04-01 | 2.32% |