General Info
About: The Funds objective is to maintain a high level of current income. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in variable rate instruments of U.S.and non-U.S. issuers, including U.S. and non-U.S. investment grade and high yield debt, senior loans, emerging markets debt and derivatives related to these securities. The Investment Manager will allocate and reallocate the Funds assets from time to time among the types of debt securities described above based on its analysis of economic and market conditions and the relative returns and risks then represented by each type. Effective 01-Jun-07, the new definition of emerging market country would include any country which is, at the time of investment, represented in the JP Morgan EMBI Global Index or categorized by the World Bank, in its annual categorization, as middle or low-income.
Tags: Asset Management Financial Services
Website: http://www.leggmason.com