Individual Investors

Closed-End Funds

Conference Calls

Legg Mason's Family of Closed-End Funds Quarterly Conference Call
Western Asset
February 25, 30 Min.


Market Overview & Outlook
Mark Lindbloom, Portfolio Manager, Western Asset
February 25, 5 Min.

Listen | Call Notes

Mortgage-Backed Securities
Greg Handler, Research Analyst, Western Asset
February 25, 3 Min.

Listen | Call Notes

Municipal Securities
Robert Amodeo, Portfolio Manager, Western Asset
February 25, 6 Min.

Listen | Call Notes

Emerging Market Debt
CL Lian, Co-Head of Emerging Markets Debt & Co-Head of Investment Management Asia ex-Japan, Western Asset
February 25, 4 Min.

Listen | Call Notes

Credit Markets
Mike Buchanan, Head of Global Credit , Western Asset
February 25, 9 Min.

Listen | Call Notes

ClearBridge Energy MLP Funds Conference Call
Chris Eades, Portfolio Manager, ClearBridge Investments
March 3, 24 Min.

Listen | Call Notes

LMP Capital and Income Fund Inc. (SCD)
Quarterly Conference Call

Peter Vanderlee, ClearBridge Investments
February 2, 9 Min.

Listen | Call Notes

Legg Mason BW Global Income Opportunities Fund Inc. (BWG) Quarterly Conference Call
Richard Lawrence, Brandywine Global
January 30, 20 Min.

Listen | Call Notes

LMP Real Estate Income Fund Inc. (RIT)
Quarterly Conference Call

Mark McAllister, ClearBridge Investments
January 22, 9 Min.

Listen | Call Notes

Western Asset Middle Market Income Fund Inc. (XWMFX)
Quarterly Conference Call

Chris Jacobs, Western Asset
January 22, 36 Min.

Listen | Call Notes

ClearBridge Energy MLP Funds
Quarterly Conference Call

Michael Clarfeld, ClearBridge Investments
November 13, 24 Min.

Listen | Call Notes

Thought Leadership

Will MLPS Weather the Storm?

Michael Clarfeld and Chris Eades discuss their outlook for MLPs

Rethinking Emerging Markets

Chia-Liang Lian discusses why EM growth could be a secular trend, not an aberration

Why Global Bonds?

The potential benefits of using global bonds as part of a diversified portfolio

Daily Fund News Municipal Bonds

Western Asset
Robert Amodeo

Global Bond Review – September 2014

Europe cuts rates, announces asset-backed purchases

Another Arrow in the Quiver: Diversifying Income with REITs

As investors turn to a wider range of asset classes for income, REITs represent a valuable source of diversification

A Brief Tale of REITs and Rates

Portfolio Manager Marc McAllister, CFA on the surprising relationship between REITS and the interest rate environment

Credit Where Credit is Due

Western Asset
Mike Buchanan

Daily Fund News Peter Vanderlee

ClearBridge Investments
Peter Vanderlee

All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each investment's individual web page for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision.

Click here for additional term definitions. An investor cannot invest directly in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges. Click here for Index Definitions.

Mutual Funds:
Investors should consider the fund's investment objectives, risks, charges and expenses carefully before investing. Find this and other information in each fund's prospectus or if available, summary prospectus on the product specific pages of this website. Read it carefully before investing.

An investment in a money market fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

Separately Managed Accounts (SMA):
Managed Accounts/Separately Managed Accounts (SMAs) are investment services provided by Legg Mason Private Portfolio Group, LLC (LMPPG), a federally registered investment adviser. Client portfolios are managed based on investment instructions or advice provided by one or more of the following Legg Mason-affiliated sub-advisers: ClearBridge Investments and Western Asset Management Company. Management is implemented by LMPPG, the designated sub-adviser or, in the case of certain programs, the program sponsor or its designee.

Closed-End Funds:
The Closed-End Funds are not sold or distributed by Legg Mason Investor Services, LLC ("LMIS") or any affiliate of Legg Mason, Inc. Unlike open-end funds, shares are not continually offered. Like other public companies, closed-end funds have a one-time initial public offering, and once their shares are first issued, are generally bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges. Share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than your original investment. Shares of exchange-traded closed-end funds may trade at a discount or premium to their original offering price, and often trade at a discount to their net asset value. Net Asset Value (NAV) is total assets less total liabilities divided by the number of shares outstanding. Market Price, determined by supply and demand, is the price an investor purchases or sells the fund. Investment return, market price and net asset value will fluctuate with changes in market conditions. The Funds are subject to investment risks, including the possible loss of principal invested. Note that unlike other closed-end funds, Western Asset Middle Market Debt Fund is not publicly traded and is closed to new investors.

529 - Scholars Choice:
An investor should consider the Program's investment objectives, risks, charges and expenses before investing. The Program Disclosure Statement at, which contains more information, should be read carefully before investing. If an investor and/or an investor's beneficiary are not Colorado taxpayers, they should consider before investing whether their home states offer 529 plans that provide state tax and other benefits only available to state taxpayers investing in such plans.

Investments in the Scholars Choice College Savings Program are not insured by the FDIC or any other government agency and are not deposits or other obligations of any depository institution. Investments are not guaranteed by the State of Colorado, CollegeInvest, QS Legg Mason Global Asset Allocation, LLC, Legg Mason Investor Services, LLC, or Legg Mason, Inc. or its affiliates and are subject to investment risks, including loss of principal amount invested.

Scholars Choice® is a registered service mark of CollegeInvest. CollegeInvest and the CollegeInvest logo are registered trademarks. Administered and issued by CollegeInvest, State of Colorado. QS Legg Mason Global Asset Allocation, LLC is the Investment Manager and Legg Mason Investor Services, LLC is the primary distributor of interests in the Program; together they serve as Manager of the Program. QS Legg Mason Global Asset Allocation, LLC, ClearBridge Investments, LLC, Brandywine Global Investment Management, LLC, QS Batterymarch Financial Management, Inc., Royce & Associates, LLC, Western Asset Management Company and Western Asset Management Company Limited, and Legg Mason Investor Services, LLC are Legg Mason, Inc. affiliates. Thornburg Investment Management, Inc. is not affiliated with Legg Mason Inc. and its affiliates.

QS Investors is a combined investment platform comprised of QS Investors, LLC (QS), QS Batterymarch Financial Management, Inc. and QS Legg Mason Global Asset Allocation, LLC (QS LMGAA).


This site is intended for U.S. individual investors only. The products and services described on this site are generally not available to non-U.S. investors.

Legg Mason Investor Services, LLC and all entities mentioned above are subsidiaries of Legg Mason, Inc.
Copyright © Legg Mason Investor Services, LLC. Member FINRA, SIPC
Privacy Policy | Terms and Conditions | Business Continuity Plan | Notice of Identity Verification