Fixed Income Investing: Active to the Core
Western Asset’s active approach combines long-term fundamental value with multiple diversified strategies.
Fixed Income Investing: Active to the Core
All investment firms have a philosophy. But not all philosophies yield the same results. Western’s philosophy of combining long-term fundamental value with multiple diversified strategies has historically provided solid opportunities for investors.
Long-Term Fundamental Value
Disciplined and rigorous analysis applied to identify markets and securities that are “mispriced” or trading below Western’s assessment of fundamental fair value.
Diversified Sources of Return
Seek to construct and actively manage portfolios that include a continually fresh pool of investment ideas with attractive risk/return profiles.
A Time-Tested Approach
Western Asset brings experienced active management to portfolio construction with a consistent approach to meet clients’ investment objectives within their tolerances for risk.
Western Asset is a globally integrated fixed income manager, sourcing ideas and investment opportunities worldwide.
Not your traditional bond manager
Western Asset has grown to become one of the world’s leading fixed income managers. Western’s dedicated, active, fixed income specialists, located throughout eight global investment centers, utilize a team-based approach emphasizing team management and intensive proprietary research, supported by robust risk management. Founded in 1971, the firm has deep experience investing across a range of fixed income sectors, and demonstrated ability to navigate a variety of market environments.
2017 Morningstar's U.S. Fixed-Income Fund Manager of the Year
Ken Leech and team; Western Asset Core Plus Bond (WACPX), nominated for 2017 Fixed-Income Fund Manager of the Year, US. Morningstar Awards 2017©. Morningstar, Inc. All Rights Reserved.
2015 Morningstar's U.S. Fixed-Income Fund Manager of the Year
Ken Leech, Carl Eichstaedt, Mark Lindbloom, Michael Buchanan and team were nominated for Morningstar 2015 U.S. Fixed Income Manager of the Year, United States of America for Western Asset Core Bond Fund (WACSX) and Western Asset Core Plus Bond Fund (WAPSX). Morningstar Awards 2015 © Morningstar, Inc.
2014 Morningstar's U.S. Fixed-Income Fund Manager of the Year
Winner, Core and Core Plus
Awarded to Ken Leech, Carl Eichstaedt, and Mark Lindbloom for Western Asset Core Bond Fund (WACSX) and Western Asset Core Plus Bond Fund (WAPSX) named Morningstar 2014 U.S. Fixed-Income Manager of the Year, United States of America. Morningstar Awards 2015 © Morningstar, Inc.
The slow but steady recovery since the financial crisis continues to make progress; looking ahead, we expect another 2+% growth year in 2018, perhaps better with the new tax law. The fundamental investment backdrop is exceptional, but prices are high — so sector and security selection remain key.
All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Fixed-income securities involve interest rate, credit, inflation, and reinvestment risks; and possible loss of principal. As interest rates rise, the value of fixed-income securities falls. International investments are subject to special risks including currency fluctuations, social, economic and political uncertainties, which could increase volatility. Active management and diversification do not ensure a profit or protect against market loss.
Morningstar 2017 Nominee for U.S. Fixed-Income Fund Manager of the Year: Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. Established in 1988, the Morningstar Fund Manager of the Year award recognizes portfolio managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors. To qualify for the award, managers’ funds must have not only posted impressive returns for the year, but the managers also must have a record of delivering outstanding long-term risk-adjusted performance and of aligning their interests with shareholders’. Nominated funds must be Morningstar Medalists—a fund that has garnered a Morningstar Analyst Rating™ of Gold, Silver, or Bronze. The Fund Manager of the Year award winners are chosen based on Morningstar’s proprietary research and in-depth qualitative evaluation by its fund analysts. For more information about Morningstar Awards, visit http://corporate1.morningstar.com/Morningstar-Awards/.
This nomination does not imply positive performance for the funds being discussed.
Morningstar Awards 2017©. Morningstar, Inc. All Rights Reserved. Ken Leech and team; Western Asset Core Plus Bond Fund (WACPX) nominated for Fixed-Income Fund Manager of the Year, United States.
All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each product’s webpage for specific details regarding investment objective, risks associated with hedge funds, alternative investments and other risks, performance and other important information. Review this information carefully before you make any investment decision.