QLMYIX

About QLMYIX

Western Asset Variable Rate Global High Yield Fund I is an open-end mutual fund with a primary focus on investing in high yield fixed income securities. Its portfolio comprises debt instruments issued by both U.S. and foreign corporations, as well as foreign governments and their agencies. The fund targets bonds that typically offer elevated income potential through higher yields, balancing this with the associated greater credit risk. By taking a global and variable rate approach, the fund aims to diversify across geographies and adjust to interest rate changes, potentially reducing duration risk. Notable features include a high distribution yield and a semi-annual dividend payout structure. The portfolio is actively managed, incorporating top-down macroeconomic views, and exhibits a relatively high turnover rate, reflecting dynamic allocation decisions. With a modest asset base, Western Asset Variable Rate Global High Yield Fund I is designed for investors seeking exposure to international high yield fixed income markets, playing a distinctive role in providing access to credit opportunities across global sectors and regions.