Western Asset Intermediate Bond Fund

Western Asset Intermediate Bond Fund is a mutual fund that primarily invests in intermediate-term, investment-grade fixed income securities, with a focus on generating total return through both income and capital appreciation. The fund concentrates its portfolio on high-quality issues such as U.S. Treasury and government bonds, alongside select corporate debt instruments, targeting an effective duration that positions it between short- and long-term bonds. Managed by Western Asset, it employs an active, team-based management strategy that balances credit quality and interest rate risk, aiming to deliver consistent performance relative to its peers in the intermediate core bond category. The fund’s holdings typically exhibit high credit quality and limited interest rate sensitivity, making it a potential component for investors seeking moderate risk exposure and diversification within broader fixed income allocations. Its market significance lies in providing investors access to a professionally managed, diversified basket of bonds, supporting income generation and capital preservation objectives within the overall bond market.