Western Asset Corporate Bond Fund Class C is a mutual fund specializing in the management of corporate bond portfolios. Its principal objective is to generate a high level of current income while maintaining a focus on capital preservation. The fund predominantly invests in long-term, investment-grade corporate debt securities, allocating at least 80% of its assets to this category as part of its core strategy. By focusing on the corporate bond market, the fund serves as a key instrument for participants seeking steady income streams through monthly dividend distributions. With over $480 million in assets under management and a portfolio containing hundreds of individual holdings, it provides broad diversification across sectors and issuers. The fund is designed for investors looking for exposure to the credit sector, benefiting from Western Asset’s expertise in fixed-income research and portfolio management within the US credit markets. Notable characteristics of the fund include a consistent monthly dividend payout, exposure to investment-grade corporates, and an emphasis on balancing income opportunities with prudent risk management.
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