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Mutual Fund Insights: Legg Mason Partners Adj Rt B Fund (ARMBX)

In-depth Analysis of Legg Mason Partners Adj Rt B Fund (ARMBX)

Mutual fund chart: Legg Mason Partners Adj Rt B Fund (ARMBX)

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See Legg Mason Partners Adj Rt B Fund (ARMBX) performance details as of January 31, 2010

  

    Last Trade: $8.26 on 3/11/2010, Change: 0.00 (0%)

  

Fund Manager - Kenneth S. Leech

Fund Manager Tenure: 4.0 years   [Similar Funds: ARMGX  ARMZX ]
Fundmojo Fund Grade: C (Score: 0.52)     (What does this score mean?)
Leech transitioned into a CIO Emeritus role in September 2008 and joined Western Asset as Chief Investment Officer in 1990. Prior to joining Western in 1990, he was a portfolio manager with Greenwich Capital Markets from 1988 to 1990; the First Boston Corporation from 1980 to 1988; and the National Bank of Detroit from 1977 to 1980.He has over 32 years of investment experience.  Get more insights on Kenneth S. Leech

  

What we like about Legg Mason Partners Adj Rt B Fund (ARMBX) What we like about Legg Mason Partners Adj Rt B Fund (ARMBX)

Data for Legg Mason Partners Adj Rt B Fund (ARMBX) as of January 31, 2010

  • Legg Mason Partners Adj Rt B Fund (ARMBX) management has been with Legg Mason Partners Adj Rt B Fund for 4.0 years
  • Legg Mason Partners Adj Rt B Fund (ARMBX) has good short-term performance (1-year return 12.69% vs 6.10% Ultrashort Bond category average)
  • Legg Mason Partners Adj Rt B Fund (ARMBX) ratio of up-years vs down years is greater than 2
  • Legg Mason Partners Adj Rt B Fund (ARMBX) has an annual stock turnover rate of 23.00% vs Ultrashort Bond average of 126.40%. It is good that Legg Mason Partners Adj Rt B management does not trade extensively for its return.

  

What we are cautious about Legg Mason Partners Adj Rt B Fund (ARMBX) What we are cautious about Legg Mason Partners Adj Rt B Fund (ARMBX)

Data for Legg Mason Partners Adj Rt B Fund (ARMBX) as of January 31, 2010

  • Legg Mason Partners Adj Rt B Fund (ARMBX) has a less-than-ideal mid-term performance (3-year return -1.39% vs 1.75% Ultrashort Bond category average)
  • Legg Mason Partners Adj Rt B Fund (ARMBX) has a less-than-ideal Long-term performance (5-year return 0.25% vs 2.37% Ultrashort Bond category average)
  • Legg Mason Partners Adj Rt B Fund (ARMBX) has a Morningstar rating of 3 and below
  • Legg Mason Partners Adj Rt B Fund (ARMBX) is less safe compared to its Ultrashort Bond peers
  • Legg Mason Partners Adj Rt B Fund (ARMBX) does not have a good risk adjusted return as its 3-year Alpha of -3.55 is worse than category average of -0.54, and its 3-year Sharpe ratio is -0.49
  • Legg Mason Partners Adj Rt B Fund (ARMBX) is more volatile than its peers as it has a 3-year Standard Deviation of 6.38 that is higher than category average of 2.92
  • Legg Mason Partners Adj Rt B Fund (ARMBX) has a higher management fee of 1.65% than its Ultrashort Bond average of 0.74%
  • Legg Mason Partners Adj Rt B Fund (ARMBX) carries a 5% load
See Legg Mason Partners Adj Rt B Fund (ARMBX) performance details as of January 31, 2010

  

  

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Legg Mason Partners Adj Rt B Fund (ARMBX) Net Asset

Track net asset change of Legg Mason Partners Adj Rt B fund (ARMBX)

DateNet Asset
01/2010$870.00K
11/2009$900.00K
10/2009$950.00K
More historic net asset information on Legg Mason Partners Adj Rt B Fund (ARMBX)

  

Legg Mason Partners Adj Rt B Fund (ARMBX) Portfolio Allocation

Track portfolio allocation change of Legg Mason Partners Adj Rt B fund (ARMBX)

DateCashStockBondOther
09/200928.65%0%69.62%1.72%
06/200934.73%0%63.39%1.88%
03/200937.77%0%60.64%1.58%
Click here to see more historic asset allocation information on Legg Mason Partners Adj Rt B Fund (ARMBX)

  

Most Recent Top 10 Holdings in Legg Mason Partners Adj Rt B Fund (ARMBX)

Discover what Legg Mason Partners Adj Rt B Fund (ARMBX) manager is buying

30-Sep-09
US Treasury Bond (Fut) [2.25%]
FNMA CMO [1.25%]
New Century He Tr 2004-2 FRN [1.15%]
FNMA [1.11%]
FNMA CMO [1.07%]
FNMA [1.02%]
FHLMC FRN [0.89%]
Westpac Bk Corp Sr Mtn 144a 144A 3.25% [0.85%]
Macquarie Bk Ltd Sr Mtn 144a 144A 2.6% [0.85%]
BA CREDIT CARD TR 2006-9A [0.84%]

30-Jun-09
US Treasury Bond (Fut) [2.28%]
FNMA CMO [1.3%]
FNMA [1.24%]
FNMA CMO [1.1%]
FNMA [1.06%]
New Century He Tr 2004-2 FRN [1.01%]
FHLMC FRN [0.92%]
BA CREDIT CARD TR 2006-9A [0.86%]
GENL ELEC CAP CORP FDIC TLGP [0.85%]
Wells Fargo Mbs 2004-Y CMO [0.83%]

31-Mar-09
FNMA CMO [1.35%]
FNMA [1.3%]
FNMA CMO [1.12%]
FNMA [1.08%]
New Century He Tr 2004-2 FRN [0.96%]
FHLMC FRN [0.94%]
FNMA CMO [0.86%]
Cwmbs CMO [0.85%]
Wells Fargo Mbs 2004-Y CMO [0.84%]
Wamu Mtg Cert 2003-S4 CMO [0.81%]
Click here for Stock Holding Change Map in Legg Mason Partners Adj Rt B Fund (ARMBX)

  

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