Western Asset Management Company Limited

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Total assets under management

$20,094,199,212

Total clients

Total advisors

of 27 employees

Firm size

Investment Manager

May not manage individual clients

Average clients per advisor

—

Average account size

—

About

Western Asset Management Company Limited provides discretionary fixed‑income portfolio management and sub‑advisory services to institutional and pooled investors rather than individual retail clients. The firm’s brochure lists a wide range of institutional client types it serves, including pension and profit‑sharing plans, insurance companies, sovereign wealth funds, state and municipal entities, charitable organizations, corporations, and investment companies, and it also manages private commingled funds and wrap‑program separate accounts.

The firm applies a long‑term, fundamental value approach across actively managed, multi‑sector fixed‑income strategies and tailors account implementation and investment guidelines through negotiated onboarding for separate accounts and private funds. Western Asset discloses the use of derivatives and other instruments across strategies for hedging and relative‑value purposes and describes firmwide quantitative risk tools and oversight (for example, its WISER risk system and RMQS team) to monitor exposures.

Noteworthy features in the brochure that distinguish this legal entity from many peers include its principal office outside the United States and its explicit engagement with client types that are less common for managers in this category (sovereign wealth funds, insurance companies, municipal governments and charitable institutions). The brochure also highlights operational arrangements that are atypical for peers: portfolio management for registered and private investment companies, the potential use of derivatives and leverage in separately managed accounts where permitted by client agreements, and affiliation with a distribution broker‑dealer within the Franklin Templeton group.

Client services

Portfolio management

Expertise

Passive / index investing Active portfolio management ESG / Sustainable investing

Occupation focus

Founder/Business Owner Executive

Fee options

Percentage

$0 - $50 million: 0.40% of 1% (Asia Local Currency Debt and Asia USD Debt first $50 million tier) $50 million+: 0.20% of 1% (Asia Local Currency Debt and Asia USD Debt amounts over $50 million tier) $0 - $60 million: 0.30% of 1% (UK Credit first £60 million tier) £60 million+: 0.15% of 1% (UK Credit amounts over £60 million tier) $0 - $100 million: 0.40% of 1% (Emerging Markets Corporate, Diversified, Local Currency Sovereign, Global Aggregate, Global High Yield, Global Multi-Sector first $100 million tier) $100 million+: 0.30% of 1% (Emerging Markets Corporate, Diversified, Local Currency Sovereign, Global High Yield amounts over $100 million tier) $0 - $100 million: 0.35% of 1% (Global Credit-Corporate first $100 million tier) $100 million+: 0.175% of 1% (Global Credit-Corporate amounts over $100 million tier) $0 - $50 million: 0.30% of 1% (Commercial MBS first $50 million tier) $50 million+: 0.20% of 1% (Commercial MBS amounts over $50 million tier) $0 - $100 million: 0.60% of 1% (Multi-Asset Credit first $100 million tier) $100 million+: 0.40% of 1% (Multi-Asset Credit amounts over $100 million tier) $0 - $100 million: 0.30% of 1% (US Agency MBS first $100 million tier) $100 million+: 0.15% of 1% (US Agency MBS amounts over $100 million tier) $0 - $100 million: 0.40% of 1% (US Agency MBS Plus first $100 million tier) $100 million+: 0.20% of 1% (US Agency MBS Plus amounts over $100 million tier) $0 - $100 million: 0.45% of 1% (US Bank Loan first $100 million tier) $100 million+: 0.30% of 1% (US Bank Loan amounts over $100 million tier) $0 - $100 million: 0.30% of 1% (US Core first $100 million tier) $100 million+: 0.20% of 1% (US Core amounts over $100 million tier) $0 - $100 million: 0.20% of 1% (US Core Constrained first $100 million tier) $100 million - $500 million: 0.15% of 1% (US Core Constrained next $400 million tier) $500 million+: 0.10% of 1% (US Core Constrained amounts over $500 million tier) $0 - $100 million: 0.12% of 1% (US Enhanced Liquidity first $100 million tier) $100 million - $300 million: 0.09% of 1% (US Enhanced Liquidity next $200 million tier) $300 million+: 0.07% of 1% (US Enhanced Liquidity amounts over $300 million tier) $0 - $100 million: 0.40% of 1% (US High Yield first $100 million tier) $100 million+: 0.30% of 1% (US High Yield amounts over $100 million tier) $0 - $100 million: 0.40% of 1% (US High Quality High Yield first $100 million tier) $100 million+: 0.30% of 1% (US High Quality High Yield amounts over $100 million tier) $0 - $100 million: 0.25% of 1% (US Intermediate first $100 million tier) $100 million+: 0.125% of 1% (US Intermediate amounts over $100 million tier) $0 - $100 million: 0.25% of 1% (US Intermediate Plus first $100 million tier) $100 million+: 0.125% of 1% (US Intermediate Plus amounts over $100 million tier) $0 - $100 million: 0.30% of 1% (US Investment Grade Credit Plus first $100 million tier) $100 million+: 0.15% of 1% (US Investment Grade Credit Plus amounts over $100 million tier) $0 - $100 million: 0.30% of 1% (US Investment Grade Intermediate Credit Plus first $100 million tier) $100 million+: 0.15% of 1% (US Investment Grade Intermediate Credit Plus amounts over $100 million tier) $0 - $100 million: 0.12% of 1% (US Liquidity first $100 million tier) $100 million - $300 million: 0.09% of 1% (US Liquidity next $200 million tier) $300 million+: 0.07% of 1% (US Liquidity amounts over $300 million tier) $0 - $100 million: 0.30% of 1% (US Long Credit Plus first $100 million tier) $100 million+: 0.20% of 1% (US Long Credit Plus amounts over $100 million tier) $0 - $100 million: 0.35% of 1% (US Long Duration Plus first $100 million tier) $100 million+: 0.20% of 1% (US Long Duration Plus amounts over $100 million tier) $0 - $100 million: 0.25% of 1% (US Municipal Intermediate first $100 million tier) $100 million+: 0.125% of 1% (US Municipal Intermediate amounts over $100 million tier) $0 - $100 million: 0.25% of 1% (US Municipal Long first $100 million tier) $100 million+: 0.125% of 1% (US Municipal Long amounts over $100 million tier) $0 - $100 million: 0.25% of 1% (US Short Duration first $100 million tier) $100 million+: 0.125% of 1% (US Short Duration amounts over $100 million tier) $0 - $100 million: 0.20% of 1% (Australia Core first A$100 million tier) A$100 million+: 0.125% of 1% (Australia Core amounts over A$100 million tier) $0 - $100 million: 0.15% of 1% (Australia Enhanced Cash first A$100 million tier) A$100 million+: 0.10% of 1% (Australia Enhanced Cash amounts over A$100 million tier) $0 - $100 million: 0.25% of 1% (Australia Credit first A$100 million tier) A$100 million+: 0.15% of 1% (Australia Credit amounts over A$100 million tier) JP¥0 - JP¥5 billion: 0.25% of 1% (Japan Fixed Income first JP¥5 billion tier) JP¥5 billion+: 0.15% of 1% (Japan Fixed Income amounts over JP¥5 billion tier) $0 - $100 million: 0.75% of 1% (Structured Product first $100 million tier) $100 million+: 0.50% of 1% (Structured Product amounts over $100 million tier) $0+: 1% on all amounts (Structured Product Levered) plus 15% of outperformance over fund’s high-water mark annually

Performance-based

Performance fees may be charged, e.g., 20% of returns above a hurdle rate; for Structured Product Levered: 15% of outperformance over high-water mark annually

Other

Account minimum: Varies by strategy; examples include $25 million, $50 million, $75 million, $100 million, £60 million, €50 million, A$50 million, JP¥5 billion, NZD50 million Fee-only: Asset-based fees with negotiated performance fees; no commissions

Disclosures

Business activities & affiliations

Is active or affiliated with:

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

LinkedIn Facebook X Website 011-44-20-7422-3000

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