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Western Asset Variable Global High Yield Bond Portfolio
mutual fund
QLMYIX
Payout Change
Pending
Price as of:
$6.1
+0.0
+0.0%
primary theme
High Yield Bond
share class
QLMYIX (Mutual Fund)
Western Asset Variable Global High Yield Bond Portfolio
Payout Change
Pending
Price as of:
$6.1
+0.0
+0.0%
primary theme
High Yield Bond
share class
QLMYIX (Mutual Fund)
Western Asset Variable Global High Yield Bond Portfolio
Payout Change
Pending
Price as of:
$6.1
+0.0
+0.0%
primary theme
High Yield Bond
share class
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.3%
1 yr return
10.8%
3 Yr Avg Return
0.4%
5 Yr Avg Return
1.3%
Net Assets
$9.29 M
Holdings in Top 10
10.5%
52 WEEK LOW AND HIGH
$6.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.83%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 73.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
QLMYIX - Profile
Distributions
- YTD Total Return 1.3%
- 3 Yr Annualized Total Return 0.4%
- 5 Yr Annualized Total Return 1.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.49%
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameWestern Asset Variable Global High Yield Bond Portfolio
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateJul 14, 2011
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerS. Leech
Fund Description
The fund invests primarily in high yield fixed income securities issued by U.S. and foreign companies and foreign governments and their agencies and instrumentalities. Under normal market conditions, the fund invests at least 80% of its assets in high yield bonds. High yield bonds are rated below investment grade (that is, securities rated below the Baa/BBB categories), or, if unrated, determined to be of comparable credit quality by the subadviser and are commonly known as “high yield” or “junk” bonds.
Under normal circumstances, the fund will be invested in at least three countries (one of which may be the United States).
The fund may invest without limit in foreign securities denominated either in U.S. dollars or foreign currencies and may invest up to 35% of its assets in sovereign debt issued by emerging market governmental issuers.
The fund’s investments may be of any maturity or duration.
Instead of, and/or in addition to, investing directly in particular securities, the fund may use instruments such as derivatives, including options, swaps, interest rate swaps, credit default swaps (including buying and selling credit default swaps and options on credit default swaps), foreign currency futures, forwards and options, futures contracts and other synthetic instruments that are intended to provide economic exposure to the securities or the issuer or to be used as a hedging technique. The fund may use one or more types of these instruments without limit. For additional information regarding derivatives, see “More on the fund’s investment strategies, investments and risks—Derivatives” in the Prospectus. These instruments are taken into account when determining compliance with the fund’s 80% policy.
The fund may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio (such as shortening or lengthening duration) and for other purposes.
QLMYIX - Performance
Return Ranking - Trailing
| Period | QLMYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.3% | -7.7% | 18.3% | 95.57% |
| 1 Yr | 10.8% | -4.8% | 18.6% | 67.49% |
| 3 Yr | 0.4%* | -14.1% | 21.6% | 95.13% |
| 5 Yr | 1.3%* | -11.4% | 37.3% | 94.31% |
| 10 Yr | 1.7%* | -4.9% | 20.3% | 93.60% |
* Annualized
Return Ranking - Calendar
| Period | QLMYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.2% | -4.7% | 14.3% | 74.26% |
| 2022 | -19.6% | -33.4% | 3.6% | 93.87% |
| 2021 | -3.2% | -8.4% | 8.2% | 96.56% |
| 2020 | 3.2% | -13.2% | 302.7% | 8.14% |
| 2019 | 8.4% | -4.4% | 13.3% | 43.53% |
Total Return Ranking - Trailing
| Period | QLMYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.3% | -7.7% | 18.3% | 95.57% |
| 1 Yr | 10.8% | -4.8% | 18.6% | 67.49% |
| 3 Yr | 0.4%* | -14.1% | 21.6% | 95.13% |
| 5 Yr | 1.3%* | -11.4% | 37.3% | 94.31% |
| 10 Yr | 1.7%* | -4.9% | 20.3% | 93.60% |
* Annualized
Total Return Ranking - Calendar
| Period | QLMYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.3% | -4.7% | 18.7% | 83.77% |
| 2022 | -13.7% | -33.4% | 47.8% | 90.07% |
| 2021 | 1.3% | -8.4% | 12.4% | 94.16% |
| 2020 | 7.3% | -9.6% | 325.6% | 16.81% |
| 2019 | 14.4% | -3.8% | 19.4% | 38.62% |
NAV & Total Return History
QLMYIX - Holdings
Concentration Analysis
| QLMYIX | Category Low | Category High | QLMYIX % Rank | |
|---|---|---|---|---|
| Net Assets | 9.29 M | 3.13 M | 25.3 B | 99.51% |
| Number of Holdings | 322 | 2 | 4432 | 59.77% |
| Net Assets in Top 10 | 16.2 M | -492 M | 6.67 B | 86.04% |
| Weighting of Top 10 | 10.50% | 4.2% | 146.0% | 75.04% |
Top 10 Holdings
- Turkiye Government International Bond 1.35%
- MercadoLibre Inc 1.24%
- Intesa Sanpaolo SpA 1.17%
- Teva Pharmaceutical Finance Netherlands III BV 1.11%
- Altice Financing SA 1.06%
- Charter Communications Operating LLC / Charter Communications Operating Capital 1.03%
- BBVA Bancomer SA/Texas 1.00%
- Provincia de Buenos Aires/Government Bonds 0.86%
- Petroleos Mexicanos 0.85%
- B3 SA - Brasil Bolsa Balcao 0.82%
Asset Allocation
| Weighting | Return Low | Return High | QLMYIX % Rank | |
|---|---|---|---|---|
| Bonds | 98.50% | 0.00% | 145.36% | 8.17% |
| Cash | 1.57% | -52.00% | 48.02% | 80.95% |
| Convertible Bonds | 1.55% | 0.00% | 17.89% | 28.90% |
| Stocks | 0.03% | 0.00% | 97.54% | 67.97% |
| Preferred Stocks | 0.00% | 0.00% | 4.97% | 68.31% |
| Other | -0.10% | -39.08% | 99.23% | 94.42% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | QLMYIX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 34.79% |
| Technology | 0.00% | 0.00% | 33.17% | 38.02% |
| Real Estate | 0.00% | 0.00% | 86.71% | 21.89% |
| Industrials | 0.00% | 0.00% | 93.12% | 38.48% |
| Healthcare | 0.00% | 0.00% | 22.17% | 29.72% |
| Financial Services | 0.00% | 0.00% | 100.00% | 5.76% |
| Energy | 0.00% | 0.00% | 100.00% | 73.96% |
| Communication Services | 0.00% | 0.00% | 99.99% | 53.46% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 29.26% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 44.93% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 41.47% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | QLMYIX % Rank | |
|---|---|---|---|---|
| US | 0.03% | 0.00% | 97.54% | 66.34% |
| Non US | 0.00% | -0.01% | 0.83% | 14.12% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | QLMYIX % Rank | |
|---|---|---|---|---|
| Corporate | 72.25% | 0.00% | 100.00% | 94.74% |
| Government | 14.73% | 0.00% | 99.07% | 1.81% |
| Securitized | 0.90% | 0.00% | 97.24% | 25.33% |
| Cash & Equivalents | 0.04% | 0.00% | 48.02% | 90.31% |
| Municipal | 0.00% | 0.00% | 1.17% | 46.22% |
| Derivative | -0.10% | -14.58% | 42.26% | 96.39% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | QLMYIX % Rank | |
|---|---|---|---|---|
| US | 90.18% | 0.00% | 126.57% | 73.07% |
| Non US | 8.31% | 0.00% | 96.91% | 12.48% |
QLMYIX - Expenses
Operational Fees
| QLMYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.83% | 0.02% | 38.33% | 61.97% |
| Management Fee | 0.70% | 0.00% | 1.75% | 84.29% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| QLMYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| QLMYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| QLMYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 73.00% | 1.00% | 255.00% | 68.58% |
QLMYIX - Distributions
Dividend Yield Analysis
| QLMYIX | Category Low | Category High | QLMYIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 11.76% | 69.33% |
Dividend Distribution Analysis
| QLMYIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| QLMYIX | Category Low | Category High | QLMYIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.49% | -2.39% | 9.30% | 43.65% |
Capital Gain Distribution Analysis
| QLMYIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 08, 2023 | $0.342 | OrdinaryDividend |
| Dec 09, 2022 | $0.419 | OrdinaryDividend |
| Jun 16, 2022 | $0.011 | OrdinaryDividend |
| Dec 10, 2021 | $0.337 | OrdinaryDividend |
| Dec 11, 2020 | $0.293 | OrdinaryDividend |
| Jun 18, 2020 | $0.001 | OrdinaryDividend |
| Dec 13, 2019 | $0.382 | OrdinaryDividend |
| Jun 20, 2019 | $0.008 | ExtraDividend |
| Dec 14, 2018 | $0.375 | OrdinaryDividend |
| Jun 21, 2018 | $0.005 | ExtraDividend |
| Dec 15, 2017 | $0.402 | OrdinaryDividend |
| Dec 19, 2016 | $0.454 | OrdinaryDividend |
| Jun 24, 2015 | $0.023 | ExtraDividend |
| Dec 18, 2013 | $0.499 | OrdinaryDividend |
| Jun 18, 2013 | $0.009 | ExtraDividend |
| Dec 20, 2012 | $0.543 | OrdinaryDividend |
| Jun 20, 2012 | $0.062 | ExtraDividend |
| Dec 21, 2011 | $0.579 | OrdinaryDividend |
QLMYIX - Fund Manager Analysis
Managers
S. Leech
Start Date
Tenure
Tenure Rank
Mar 17, 2006
16.22
16.2%
– Western Asset Management Company, LLC – Chief Investment Officer, 1990– – Greenwich Capital Markets – Portfolio Manager, 1988–1990 – The First Boston Corporation – Fixed Income Manager, 1980–1988 – National Bank of Detroit – Portfolio Manager, 1977–1980 – The Wharton School, University of Pennsylvania, M.B.A., B.S., B.A., summa cum laude, 1972–1976
Michael Buchanan
Start Date
Tenure
Tenure Rank
Mar 17, 2006
16.22
16.2%
– Western Asset Management Company, LLC – Deputy Chief Investment Officer, 2005– – Credit Suisse Asset Management – Managing Director, Head of U.S. Credit Products, 2003–2005 – Janus Capital Management – Executive Vice President, Portfolio Manager, 2003 – BlackRock Financial Management – Managing Director, Portfolio Manager, 1998–2003 – Conseco Capital Management – Vice President, Portfolio Manager, 1990–1998 – Brown University, B.A. – Chartered Financial Analyst
Ian Edmonds
Start Date
Tenure
Tenure Rank
Sep 01, 2012
9.75
9.8%
– Western Asset Management Company Limited – Portfolio Manager, 1994– – Bacon & Woodrow – Part Qualified Actuary, 1990–1994 – University College, London, B.Sc.
Walter Kilcullen
Start Date
Tenure
Tenure Rank
Sep 01, 2012
9.75
9.8%
-Western Asset Management Company, LLC - Head of US High Yield, 2002-Present -Seix Investment Advisors - Head High Yield Trader, 1998-2002 -University of Massachusetts, Amherst, B.A. Economics
Christopher Kilpatrick
Start Date
Tenure
Tenure Rank
May 01, 2017
5.08
5.1%
Mr. Christopher F. Kilpatrick serves as a Research Analyst and Portfolio Manager of Western Asset Management Company. Mr. Kilpatrick joined Western Asset Management Company in 2003.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.31 | 8.17 |
