Western Asset Management Company, LLC operates as a global fixed-income investment manager and is an indirect, wholly owned subsidiary of Franklin Templeton, Inc. With over 50 years of experience, the firm specializes in active fixed-income strategies, ranging from broad global multi-sector portfolios to regional and sector-specific styles. The firm primarily serves institutional clients, including pension funds, foundations, corporations, insurance companies, and public entities. Additionally, Western Asset provides investment advisory services to retail separately managed account clients through wrap-fee programs sponsored by broker-dealers and financial intermediaries. The investment philosophy centers on a long-term, fundamental value approach, seeking to capitalize on market mispricings across various fixed-income sectors, such as corporate bonds, government securities, mortgages, and asset-backed securities. Portfolio decisions are supported by extensive macroeconomic and credit research, as well as an independent risk management framework.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $100.0M | 0.30% |
| $100M+ | 0.20% |
Standard fees vary significantly by strategy. The schedule above reflects the representative US Core strategy. Other strategies range from 0.07% to 1.0% with various tier thresholds and minimum account sizes typically between $25M and $100M.