Western Asset definition

Western Asset means Western Asset Management Company.
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Western Asset means Western Asset Management Company, 385 East Colorado Boulevard, Pasadena, CA 91101. Western Asset is the Adviser to each fund other than the Western Asset Non-U.S. Opportunity Bond Fund.
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Western Asset. Intermediate Bond Portfolio Western Asset Intermediate Plus Bond Portfolio Western Asset Core Bond Portfolio Western Asset Core Plus Bond Portfolio Western Asset Inflation Indexed Plus Bond Portfolio Western Asset High Yield Portfolio Western Asset Non U.S. Opportunity Bond Portfolio Western Asset Limited Duration Bond Portfolio Western Asset Absolute Return Portfolio Western Asset Global Strategic Income Portfolio Western Asset Enhanced Equity Portfolio December 31, 2001 December 31, 2001 December 31, 2001 December 31, 2001 December 31, 2001 December 31, 2001 December 31, 2001 September 29, 2003 June 30, 2006 December 31, 2001 December 31, 0000 Xxxxxxxx 2 Investment Company Series Date of Agreement Western Asset Funds, Inc.
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Examples of Western Asset in a sentence

  • Any transaction in units of a college savings plan established under Section 529 of the Internal Revenue Code where the underlying investments are open-end funds advised or sub-advised by Western Asset or an affiliate.

  • Accordingly, if you are a Western Asset employee, you are required to comply with all provisions of this Code of Ethics.

  • Reporting obligations take effect at the inception of your involvement with Western Asset or a Fund, and continue on a monthly, quarterly and annual basis.

  • Western Asset and the Funds have both adopted the Code of Ethics, and the requirements for Western Asset employees differ from those for Fund Directors.

  • In addition, the Investment Advisers Act of 1940 requires each investment adviser (i.e., Western Asset) to adopt a code of ethics.

  • All Western Asset employees are required to pre-clear trades in securities except as provided below.

  • Any natural person that has the power to exercise a controlling influence over the management and policies of Western Asset or the Funds and who obtains information concerning recommendations made to a client account, including a Fund, with regard to the purchase or sale of a security.

  • In order to monitor potential conflicts of interest and your compliance with the Code, Western Asset employees and Interested Directors must identify investment accounts and provide information on particular securities transactions in those accounts.

  • If you are both a Fund Director and an employee of Western Asset, Legg Mason, or Claymore, you are subject to the requirements that apply to you as an employee of Western Asset, Legg Mason or Claymore, as applicable.

  • If you are an Interested Director and also a Western Asset, Legg Mason or Claymore employee, you are subject to all the Code of Ethics requirements that apply to you as a Western Asset, Legg Mason or Claymore employee.


More Definitions of Western Asset

Western Asset. One of the world’s leading global fixed income managers, known for team management, proprietary research, robust risk management, and a long-term fundamental value approach. Extensive mortgage and consumer credit investing track record, with > $400 billion total AUM under Western Asset (existing manager), of which > $65 billion AUM under Western Asset Mortgage and Consumer Credit Group IPO’d in May 2012 14
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Western Asset. WAMCO", "WAMCL" and WAM" in materials relating to the Fund except as may be required by the 1940 Act and the rules and regulations thereunder.
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Western Asset. Core Bond Fund I WATFX 957663305 Western Asset Core Plus Bond Fund I WACPX 957663503 Note1Western Asset Enhanced Equity Fund I TBD 957663792 Note 1Western Asset Global Multi-Sector Fund I WGMIX 957663735 Western Asset High Yield Fund I WAHYX 957663842 Western Asset Total Return Unconstrained Fund I WAARX 957663719 Western Asset Inflation Indexed Plus Bond Fund I WAIIX 957663883 Western Asset Intermediate Bond Fund I WATIX 957663701 NotelWestern Asset Money Market Fund I TBD 957663776 NotclWestern Asset US Govt Money Market Fund I TBD 957663750 Western Asset Non - US Opportunity Bond Fund I WAFIX 957663867 Note 3Western Asset Class IS - Funds with no annual compensation on assets. All Funds Western Asset Class R - Funds with annual compensation on assets comprised of 12b-l (which is currently 50 bps) and recordkeeping fees of 25bps. The recordkeeping fees may be comprised of fund payments, revenue share or a combination of the two. Western Asset Core Bond Fund R WABRX 957663479 Western Asset Core Plus Bond Fund R WAPRX 957663446 Western Asset Global Multi-Sector Fund R WALRX 957663412 Western Asset High Yield Fund R WAYRX 957663370 Western Asset Inflation Indexed Plus Bond Fund R WAFRX 957663347 Western Asset Intermediate Bond Fund R WATRX 957663313 Western Asset Total Return Unconstrained Fund R WAORX 957663248 Note 1: Currently unavailable for purchase. Please contact the distributor in advance to express sales interest or for more information, including when the share class/fund may be made available. The distributor will consider whether or not to make the requested share class/fund available for sale and may decline to do so in its sole discretion. Note 2: Available to existing investors only. Note 3: Available to institutional investors only, who make an initial purchase of at least $1 million and maintain a single account at the Fund. Examples of eligible investors are corporations, banks, trust companies, foundations, defined benefit plans that do not charge recordkeeping fees. Retirement plans such as 401k, 457, 403b may not charge recordkeeping fees to be eligible and need to be individually assessed as to whether they meet other eligibility requirements, at the sole discretion of the distributor ATTACHMENT B ADMINISTRATIVE SERVICES Pursuant to the Agreement, Administrator shall perform all administrative services required or requested by any Plan, including, but not limited to, the following:
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Western Asset shall take all reasonable action in the performance of its obligations under this Agreement to assure that the necessary information is made available to such accountants for the expression of their opinion, as such may be required by the Fund from time to time.
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Western Asset. Global's services hereunder, as described on Schedule I, are not deemed to be exclusive, and Western Asset Global shall be free to render similar services to others. Nothing herein contained shall be deemed to limit or restrict the right of Western Asset Global, any affiliate of Western Asset Global, or any employee of Western Asset Global or its affiliate to engage in and devote time and attention to other businesses or to render services of whatever kind or nature.
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Related to Western Asset

  • Securitization Asset means (a) any accounts receivable, mortgage receivables, loan receivables, royalty, franchise fee, license fee, patent or other revenue streams and other rights to payment or related assets and the proceeds thereof and (b) all collateral securing such receivable or asset, all contracts and contract rights, guarantees or other obligations in respect of such receivable or asset, lockbox accounts and records with respect to such account or asset and any other assets customarily transferred (or in respect of which security interests are customarily granted) together with accounts or assets in connection with a securitization, factoring or receivable sale transaction.

  • Portfolio Asset means an asset of an investment fund;

  • Securitization Assets means (a) the accounts receivable, royalty or other revenue streams and other rights to payment and other assets related thereto subject to a Qualified Securitization Facility and the proceeds thereof and (b) contract rights, lockbox accounts and records with respect to such accounts receivable and any other assets customarily transferred together with accounts receivable in a securitization financing.

  • TRS means a taxable REIT subsidiary (as defined in Section 856(l) of the Code) of the General Partner.

  • Asset means any asset or property.

  • Restricted Asset has the meaning specified in Section 2.4(1).

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Portfolio means any account, trust or other investment vehicle (except "Fund") over which the Firm has investment management discretion.

  • Single Asset Entity means a Person (other than an individual) that (a) only owns a single Property; (b) is engaged only in the business of owning, developing and/or leasing such Property; and (c) receives substantially all of its gross revenues from such Property. In addition, if the assets of a Person consist solely of (i) Equity Interests in one or more Single Asset Entities that directly or indirectly own such single Property and (ii) cash and other assets of nominal value incidental to such Person’s ownership of the other Single Asset Entity, such Person shall also be deemed to be a Single Asset Entity for purposes of this Agreement.

  • CLO Asset Manager means, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible for managing or administering the underlying assets of such Securitization Vehicle or, if applicable, the assets of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the Directing Holder).

  • Securitization Vehicle shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • High Cost Home Mortgage Loan as defined in the Massachusetts Predatory Home Loan Practices Act effective November 7, 2004 or (iv) a "High-Cost Home Loan" as defined by the Indiana High Cost Home Loan Law effective January 1, 2005.

  • Securitization Entity means a Wholly Owned Subsidiary of the Borrower (or another Person in which the Borrower or any Subsidiary of the Borrower makes an Investment and to which the Borrower or any Subsidiary of the Borrower transfers accounts receivable and related assets) which engages in no activities other than in connection with the financing of accounts receivable and which is designated by the Board of Directors of the Borrower (as provided below) as a Securitization Entity (i) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (A) is guaranteed by the Borrower or any Restricted Subsidiary of the Borrower (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings); (B) is recourse to or obligates the Borrower or any Restricted Subsidiary of the Borrower in any way other than pursuant to Standard Securitization Undertakings; or (C) subjects any property or asset of the Borrower or any Restricted Subsidiary of the Borrower, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings; (ii) with which neither the Borrower nor any Restricted Subsidiary of the Borrower has any material contract, agreement, arrangement or understanding other than on terms, taken as a whole, no less favorable to the Borrower or such Restricted Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Borrower, other than fees payable in the ordinary course of business in connection with servicing receivables of such entity, standard Securitization Undertakings and other terms, including Purchase Money Notes, typical in Securitization Transactions; and (iii) to which neither the Borrower nor any Restricted Subsidiary of the Borrower has any obligations to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results. Any such designation by the Board of Directors of the Borrower shall be evidenced to the Agent (for distribution to the Lenders) by filing with the Agent a certified copy of the Board Resolution of the Borrower giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing conditions.

  • Portfolio Assets means the portion of the net assets of the Fund managed by the Sub-Adviser pursuant to the following investment strategy as agreed to by the Adviser and the Sub-Adviser in a separately negotiated investment mandate: Emerging Markets (each a “Strategy”).

  • crypto-asset means a digital representation of value or rights which may be transferred and stored electronically, using distributed ledger technology or similar technology;

  • Real Estate Asset means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any Credit Party in any real property.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Portfolio Company means the issuer or obligor under any Portfolio Investment held by any Obligor.

  • Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

  • Special Purpose Securitization Subsidiary means (i) a direct or indirect Subsidiary of the Borrower established in connection with a Permitted Securitization Financing for the acquisition of Securitization Assets or interests therein, and which is organized in a manner (as determined by the Borrower in good faith) intended to reduce the likelihood that it would be substantively consolidated with Holdings (prior to a Qualified IPO), the Borrower or any of the Subsidiaries (other than Special Purpose Securitization Subsidiaries) in the event Holdings (prior to a Qualified IPO), the Borrower or any such Subsidiary becomes subject to a proceeding under the U.S. Bankruptcy Code (or other insolvency law) and (ii) any subsidiary of a Special Purpose Securitization Subsidiary.

  • Special Purpose Receivables Subsidiary means a direct or indirect Subsidiary of the Borrower established in connection with a Permitted Receivables Financing for the acquisition of Receivables Assets or interests therein, and which is organized in a manner intended to reduce the likelihood that it would be substantively consolidated with the Borrower or any of the Subsidiaries (other than Special Purpose Receivables Subsidiaries) in the event the Borrower or any such Subsidiary becomes subject to a proceeding under the U.S. Bankruptcy Code (or other insolvency law).

  • CDO Asset Manager with respect to any Securitization Vehicle that is a CDO, shall mean the entity that is responsible for managing or administering a Note as an underlying asset of such Securitization Vehicle or, if applicable, as an asset of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the holder of such Note).