Investment Objective: The Fund’s investment objective is to maintain a high level of current income.
Investment Grade Corporate Bonds
High Yield Corporate Bonds
Emerging Market Debt
Sovereign Debt External Currency
Sovereign Debt Local Currency
Corporates External Currency
Credit Quality Allocation**
|Consumer Non Cyclical||1.7||%|
Top Five Emerging Market Countries
Average Life (years)
Effective Duration (years)
Average Coupon (%)
(Daily NAV is available on market quotation systems using the symbol XGFYX.)
|Monthly (Declared quarterly, paid monthly)|
* Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time.
** Credit quality is a measure of a bond issuer's ability to repay interest and principal in a timely manner. The credit ratings shown are based on each portfolio security’s rating as provided by Standard and Poor’s, Moody’s Investors Service and/or
*** The difference between total assets and net assets, if any, is due primarily to the Fund’s use of borrowings; net assets do not include borrowings. The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. When the Fund engages in transactions that have a leveraging effect on the Fund’s portfolio, the value of the Fund will be more volatile and all other risks will tend to be compounded.
An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Fixed income securities are subject to credit risk, inflation risk, call risk, and interest rate risks. As interest rates rise, bond prices fall, reducing the value of the Fund's share price. International investing is subject to additional risks. These risks are greater in emerging markets.
Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.
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