Legg Mason WA Corporate Bond A  SIGAX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Long-Term Bond Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
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   Avg Duration
   5.53 Yrs
   Avg Credit Quality
   BBB
As of 2009-09-30
Day Change
$ 0.00
  
NAV (2009-11-10)
$ 10.40
  
YTD Return % (2009-11-10)
30.61%
  
Total Assets ($ mil)
623
View Data Definitions
  Performance    
Growth of $10,000 Fund: Legg Mason WA Corporate Bond A
(from 1999-01-01 to 2009-10-31) Category: Long-Term Bond
Index: BarCap US Agg Bond TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-10
Inception date: 1992-11-06 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-10
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 31.77 41.16 0.92 1.76 5.01 6.38
+/- Category 16.37 10.69 -4.87 -2.53 -1.91 ---
+/- BarCap US Agg Bond TR USD 24.86 28.67 -5.53 -3.51 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 23.69 14.74 -0.63 0.62 4.40 6.04
Month-End (as of 2009-10-31) 25.62 35.62 -0.48 0.68 4.55 6.11
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 32.35 -2.58 -1.33 2.41 ---
On Distribution & Sale of Shares --- 22.78 -1.65 -0.57 2.62 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 38 funds), (5 yrs : out of 29 funds), (10 yrs : out of 15 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is 4.25%, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
US Government 5.03
US Treasuries 4.55
TIPS 0.00
US Agency 0.48
Mortgage 1.16
Mortgage Pass-Thru 0.44
Mortgage CMO 0.72
Mortgage ARM 0.00
Credit 75.02
US Corporate 74.43
Asset-Backed 0.46
Convertible 0.12
Municipal 0.00
Corporate Inflation-Protected 0.00
Foreign 18.00
Foreign Corp 18.00
Foreign Govt 0.00
Cash 0.79
Bond Quality % of Bonds
AAA 1.2
AA 4.3
A 37.6
BBB 47.8
BB 5.1
B 1.8
Below B 2.3
Not Rated 0.0
 
Asset Allocation
% of Net Assets
Cash 0.8
Stocks 0.0
Bonds 98.3
Other 1.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 25
Total Number of Bond Holdings 294 30 Day SEC Yield % 5.34
% of Assets in Top 10 Holdings 18.67 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
US Treasury Bond (Fut) 2009-12-31 25,400 29,488 5.19
Pemex Proj Fdg Master Tr 6.625% 2035-06-15 13,069 12,640 2.23
Zfs Fin Usa Tr Ii 144A FRN 2065-12-15 12,228 11,127 1.96
Freeport-Mcmoran Copper & Gold 8.375% 2017-04-01 8,309 8,851 1.56
Merrill Lynch 5.7% 2017-05-02 8,190 8,031 1.41
Amer Express FRN 2066-09-01 9,089 7,862 1.38
Citigroup 6.375% 2014-08-12 7,190 7,441 1.31
Vale Overseas 6.875% 2036-11-21 7,097 7,360 1.30
Wells Fargo Cap Xiii FRN 2049-12-29 7,510 6,646 1.17
At&T Wireless Svcs 8.75% 2031-03-01 4,970 6,602 1.16
Data through 2009-09-30
  Other Information
Fund Inception: 1992-11-06
Portfolio Manager  (Start Date)
Kenneth S. Leech  (2006-02-10)
Leech transitioned into a CIO Emeritus role in September 2008 and joined Western Asset as Chief Investment Officer in 1990. Prior to joining Western in 1990, he was a portfolio manager with Greenwich Capital Markets from 1988 to 1990; the First Boston Corporation from 1980 to 1988; and the National Bank of Detroit from 1977 to 1980.He has over 32 years of investment experience.
Jeffrey D. Van Schaick  (2006-02-10)
Van Schaick has been employed by Western Asset for more than five years. Van Schaick holds the Chartered Financial Analyst designation.
Stephen A. Walsh  (2006-02-10)
Walsh is a chief investment officer of Western Asset Management Company since September 2008. Prior to joining Western in 1990, he was a portfolio manager at Security Pacific Investment Managers from 1989 to 1991. Prior to that, Walsh was a portfolio manager at Atlantic Richfield Company from 1981 to 1988.He has over 27 years of investment experience
Carl Eichstaedt  (2007-08-24)
Eichstaedt is portfolio manager with Western Asset Management, his employer since 1994. Prior to joining the firm, he was a portfolio manager for Harris Investment Management. He was also a portfolio manager with Pacific Investment Management from 1992-1993. From 1990-1992, he was director of fixed income at Security Pacific Investment Managers.He has over 22 years of investment experience, Eichstaedt holds the Chartered Financial Analyst designation.
Mark Lindbloom  (2007-08-24)
Lindbloom joined Western Asset in 2005 as a portfolio manager. Prior to Western Asset, he worked for Citigroup Asset Management as a portfolio manager from 1986 to 2005; Brown Brothers Harriman Co. as a portfolio manager from 1981 to 1986 and The New York Life Insurance Company as an analyst from 1979 to 1981.He has over 30 years of investment experience
Edward Moody  (2007-08-24)
Moody has served for Western Asset as portfolio managers for over ten years. He worked as a portfolio manager at the National Bank of Detroit. He is responsible for portfolio structure, including sector allocation, duration weighting and term structure decisions. Mr. Moody joined Western Asset as a portfolio manager in 1985.He has over 32 years of investment experience.
Sales Charge %
(taken from prospectus dated 2009-04-30)
Front: 4.25
Deferred: None
Expense Ratio % 1.17
based on net assets
(taken from annual report dated 2008-12-31)
Correspondence Information
Legg Mason & Co., LLC
55 Water Street, 32nd Floor
New York,  NY  10004
USA
Telephone:
800-822-5544
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.