Business Description
Launched in December 2009 and based in the United States, this closed-end fund focuses on mortgage-backed securities within the U.S. fixed income market. It is overseen by Legg Mason Partners Fund Advisor LLC alongside two Western Asset Management entities, which conduct in-depth internal research to build the portfolio. Its returns are measured against the BofA Merrill Lynch U.S. Floating Rate Home Equity Loan Asset Backed Securities Index.
