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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.83% 3.49% 149.62M 19610.27
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
4.27% 66.00% -- Upgrade

Basic Info

Investment Strategy
The Fund will invest at least 80% of its net assets in fixed income securities that are rated in the Baa or BBB categories or above at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations (“NRSROs”) or unrated securities of comparable quality at the time of purchase (as determined by the adviser). In addition, the Fund may invest up to 20% in other fixed income securities, and not more than 25% in securities restricted as to resale.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style Medium Quality/Extensive Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Corporate Bond
Category Index BBgBarc US Corp Bond TR USD
Prospectus Objective Corporate Bond - General
Fund Owner Firm Name Legg Mason Partners Fund Advisor, LLC
Prospectus Benchmark Index
BBgBarc US Corporate High Yield TR USD 50.00%
BBgBarc US Credit TR USD 50.00%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Ryan Brist 11.67 yrs
Michael Buchanan 7.93 yrs
S. Leech 6.43 yrs

One Page Report

Net Fund Flows Versus Category

1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: --
-166.24M Category Low
16.27B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
Date Unavailable

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
Total Return (Price)
--
--
--
--
--
--
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--
Total Return (NAV)
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--
--
--
--
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of September 18, 2020. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

Edit comparables
Name
2013
2014
2015
2016
2017
2018
2019
YTD
-6.36%
7.39%
1.92%
15.49%
15.76%
-12.34%
23.15%
8.37%
-2.02%
5.97%
0.55%
2.65%
3.54%
0.01%
8.72%
6.93%
-5.74%
10.25%
1.79%
7.04%
17.80%
-14.58%
29.59%
-4.39%
-11.60%
12.11%
0.62%
10.12%
13.35%
-11.56%
30.90%
-0.61%
--
--
-2.22%
7.55%
6.12%
-3.04%
14.87%
8.35%
--
--
--
--
--
--
19.21%
7.11%
As of September 18, 2020.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (9-18-20) 4.27%
30-Day SEC Yield (9-30-10) Upgrade
7-Day SEC Yield (4-17-19) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.47%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of July 31, 2020

Asset Allocation

As of July 31, 2020.
Type % Net % Long % Short
Cash 0.50% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 94.68% Upgrade Upgrade
Convertible 4.55% Upgrade Upgrade
Preferred 0.26% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Kinder Morgan, Inc. 7.8%
1.88% -- --
Verizon Communications Inc. 5.15%
1.38% -- --
NatWest Group plc 7.65%
1.37% -- --
Danske Bank A/S 5%
1.25% -- --
Vale Overseas Limited 6.88%
1.05% -- --
Anheuser-Busch InBev Worldwide Inc. 4.15%
1.05% -- --
Bank of America Corporation 7.75%
1.03% -- --
Comcast Corporation 6.4%
1.01% -- --
MetLife Inc. 6.4%
0.95% -- --
The Boeing Company 3.1%
0.94% -- --

Basic Info

Investment Strategy
The Fund will invest at least 80% of its net assets in fixed income securities that are rated in the Baa or BBB categories or above at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations (“NRSROs”) or unrated securities of comparable quality at the time of purchase (as determined by the adviser). In addition, the Fund may invest up to 20% in other fixed income securities, and not more than 25% in securities restricted as to resale.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style Medium Quality/Extensive Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Corporate Bond
Category Index BBgBarc US Corp Bond TR USD
Prospectus Objective Corporate Bond - General
Fund Owner Firm Name Legg Mason Partners Fund Advisor, LLC
Prospectus Benchmark Index
BBgBarc US Corporate High Yield TR USD 50.00%
BBgBarc US Credit TR USD 50.00%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Ryan Brist 11.67 yrs
Michael Buchanan 7.93 yrs
S. Leech 6.43 yrs

One Page Report

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (9-18-20) 4.27%
30-Day SEC Yield (9-30-10) Upgrade
7-Day SEC Yield (4-17-19) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.47%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of July 31, 2020

Fund Details

Key Dates
Inception Date 3/22/1973
Last Annual Report Date 12/31/2019
Last Prospectus Date 10/19/1992
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No