Fund Research for Legg Mason WA Core Bond A (TRBAX)

  • Fund Overview

    Fund Inception Date: Feb 27, 1998
    Category: Intermediate-Term Bond
    Overall Risk: Above Average
    Fund Family: Legg Mason/Western
    Return Since Inception: 5.37%
    YTD Return: 15.82%
    Yield (TTM): 3.49%
    Net Assets: 202.68 M
    Morningstar Rating:
    2 of 5
    The investment seeks to maximize total return consisting of capital appreciation and income. The fund invests primarily in debt and fixed-income securities of various maturities, including U.S. government obligations, U.S. dollar denominated sovereign debt, U.S. dollar denominated U.S. and foreign corporate debt, Mortgage and asset-backed securities, Municipal securities, Securitized corporate loan participations, Structured instruments, Convertible securities, preferred stock and warrants.

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    Details
    Average Eff Duration 3.96 Yrs
    Average Eff Maturity 7.28 Yrs
    Average Credit Quality AA
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/25/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 15.82% 21.93% 3.03% 4.05% 6.12% 5.37%
    +/- Category 1.20% 2.91% -1.56% 0.03% 0.65% —
    +/- Barclays US Aggregate Bond TR USD — — — — 6.31% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 10.13% 15.02% 1.66% 3.12% 5.66% 4.98%
    Quarter (as of 09/30/2009) 8.45% 7.73% 1.51% 2.96% 5.53% 4.88%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/25/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/25/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 02/27/1998
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government 38.58%
    Mortgage 18.04%
    Credit 14.72%
    Foreign 3.13%
    Cash 31.94%
    Bond Quality
    AAA 70.50%
    AA 4.78%
    A 10.00%
    BBB 10.50%
    BB 0.73%
    B 2.08%
    Below B 1.41%
    Not Rated 0.00%

    Asset Allocation

    Short Long Net Assets
    Cash 0.01% 32.74% 32.73%
    Stocks 0.00% 0.00% 0.00%
    Bonds 11.18% 78.12% 66.94%
    Other 0.00% 0.09% 0.09%
    Foreign Stocks
    (as a % of assets)    		 0.00% 0.00% 0.00%
    Data as of 06/30/2009 Data as of 09/30/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    * US Treasury Bond (Fut) 09/30/2009 85.4 M 96.08 M 23.38%
    * FNMA — 32.2 M 32.79 M 7.98%
    * US Treasury Bond (Fut) 09/21/2009 24.9 M -28.93 M 7.04%
    + 90DAY EURODOLLAR (Fut) 03/15/2010 18.5 M 18.28 M 4.45%
    = FHLMC 10/19/2009 17.4 M 17.4 M 4.23%
    - Currency Europe (Fut) 09/14/2009 13 M 12.91 M 3.14%
    = FHLBA FRN 11/20/2009 10 M 10.01 M 2.44%
    = 0wp128390 Cds Usd P V — 9.18 M -9.18 M 2.24%
    + 90DAY EURODOLLAR (Fut) 09/13/2010 9.25 M 9.07 M 2.21%
    * FNMA 10/05/2009 9 M 9 M 2.19%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 06/30/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial 4.25%
    Deferred —
    Taken from prospectus dated 07/31/2009
    Expense Ratio (based on net assets) 0.93%
    Taken from annual report dated 07/31/2009

  • Fund Management