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: | 226.77M | | Year-to-Date Return: | -7.02% | | Yield: | 5.50% | | Morningstar Rating: | N/A | | Fund Inception Date: | 06-Jul-06 |
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Michael C. Buchanan
Lead Manager since
06-Jul-06 | | | Buchanan joined Western in 2005 and is a portfolio manager. Prior to joining Western, he worked at Credit Suisse Asset Management as a managing director, head of U.S. Credit Products and portfolio manager from 2003 to 2005. He joined in 2003 from Janus Capital Management. Previously, Buchnana was a managing director at BlackRock Financial Management and a vice president at Conseco Capital Management. Buchanan holds the Chartered Financial Analyst designation. |
| Min Initial Investment: | $1,000,000 | | Min Initial Investment, IRA: | $1,000,000 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $0 |
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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 Baa3 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-08):
| 0.04 | | Last Cap Gain
(28-May-08):
| 0.24 | | Annual Holdings Turnover
| 386.00% | | Average for Category:
| 166.37% |
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| Expense | WAARX | Category
Avg | | Total Expense Ratio: | 0.83%
| 1.19% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 4.26% | | Max Deferred Sales Load: | 0.00%
| 2.53% | | 3 Yr Expense Projection*: |
$255 | $576 | | 5 Yr Expense Projection*: |
$444 | $884 | | 10 Yr Expense Projection*: |
$990 | $1,748 |
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