Western Asset: US Fixed-Income Municipal Manager of the Year
owned subsidiary of
Fixed- Income Municipal Manager of the Year by Institutional
Investor 1/81 3/8 in its third annual
awards, which reflect the opinions of some of the industry's most
sophisticated investors, are based on "exceptional performance, risk
management and service."
Western Asset, completely focused on fixed-income investing, provides
access to nearly every type of US municipal investment category, from
state-specific to countrywide funds. The Firm offers a wide range of
municipal investment options and has a reputation of excellence among
US fixed-income municipal managers.
For more information on investments offered through Western Asset,
call your Financial Advisor or visit http://www.leggmason.com.
in assets under management as of
provides active asset management in many major investment centers
throughout the world.
Fixed-income securities involve interest-rate, credit, inflation and
reinvestment risks; and possible loss of principal. As interest rates
rise, the value of fixed-income securities falls. International
investments are subject to special risks, including currency
fluctuations and social, economic and political uncertainties, which
could increase volatility. These risks are magnified in emerging
Municipal securities are vulnerable to unfavorable developments in
their particular state and municipalities. An investor in a municipal
security may be subject to the Federal Alternative Minimum Tax (AMT),
and state and local taxes may apply. Capital gains, if any, are fully
Before investing, carefully consider a fund's investment objectives,
risks, charges and expenses. You can find this and other information
in each prospectus, which is available at
http://www.leggmason.com/individualinvestors. Please read it carefully.
Past performance is no guarantee of future results.
1/81 3/8 Western Asset was named U.S. Fixed Income Municipal Manager of the
Year as part of
Investment Management Awards. The awards recognize U.S. money managers
across asset classes, strategies and product types that stood out in
the eyes of the investor community for their exceptional performance,
risk management and customer service. In selecting the winners,
returns, asset size and other valuation criteria. From that review,
the magazine surveyed 1,000 institutions, and used the results of that
survey to tabulate the winners. The award was not issued for any
particular strategy or fund.
/Web Site: http://www.leggmason.com
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