Western Asset Tax Aware Portfolios - Net (%)
Month End
As of 12/31/2025
Overview
Product Facts
Strategy Description
Western Asset Tax Aware Portfolios seeks to provide investors with high quality after-tax income opportunities and total returns by investing in investment grade municipal, treasury, and corporate credit obligations. The strategy leverages Western Asset’s investment process, incorporating themes across duration, curve and structural complexities of the municipal market.
- Benchmark
- Bloomberg Municipal 1-15 Year Index
- Inception Date
- 06/30/2024
- Asset Class
- Fixed Income
- Yield to Worst
As of 01/31/2026 (Updated Monthly) - 3.47%
- Effective Duration
As of 01/31/2026 (Updated Monthly) - 5.59 Years
Average Annual Total Returns As of 12/31/2025
- 3.54%1 Year
- —3 Years
- —5 Years
- —10 Years
- 2.93%Since Inception
06/30/2024
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 01/31/2026 % of Fixed Income (Updated Monthly)
Leasing16.34% | |
Industrial Revenue13.53% | |
Transportation12.70% | |
Hospital/Healthcare10.60% | |
Treasury10.44% |
Composite Performance
Average Annual Total Returns
As of 12/31/2025
Selected Month December 2025
Western Asset Tax Aware Portfolios - Pure Gross (%)
Month End
As of 12/31/2025
Bloomberg Municipal 1-15 Year Index (%)
Month End
As of 12/31/2025
The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.
Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (1.5% is the maximum anticipated wrap fee for fixed income portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.
For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.
To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236. ClearBridge Investments, LLC, Martin Currie, Royce Investment Partners, and Western Asset Management Company, LLC claim compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
Portfolio
Portfolio Statistics
As of 12/31/2025 (Updated Monthly)
Average Credit Quality 1 2,3 3,4
- Fund
- AA-
- Benchmark
- —
- Fund
- 3.62%
- Benchmark
- 3.14%
- Fund
- 6.63 Years
- Benchmark
- 5.79 Years
- Fund
- 5.55 Years
- Benchmark
- —
- Fund
- 4.27%
- Benchmark
- 4.34%
- Fund
- 3.52%
- Benchmark
- —
Sector Allocation
As of 01/31/2026 % of Fixed Income (Updated Monthly)
| Sector | % of Total |
|---|---|
Leasing | 16.34% |
Industrial Revenue | 13.53% |
Transportation | 12.70% |
Hospital/Healthcare | 10.60% |
Treasury | 10.44% |
Education | 7.73% |
Local General Obligation | 7.36% |
State General Obligation | 5.05% |
Special Tax | 4.18% |
IG Credit-Industrials | 3.74% |
Water & Sewer | 3.11% |
Power | 3.06% |
IG Credit-Finance | 2.17% |
Documents
Product Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Western Asset Tax Aware Portfolios SMA | |||
| FTPPG Regulatory Disclosures |
Risks
All investments involve risk, including the loss of principal, and there is no guarantee that investment objectives will be met.
Fixed income securities are subject to interest rate and credit risk, which is a possibility that the issuer of a security will be unable to make interest payments and repay the principal on its debt. As interest rates rise, the price of fixed income securities falls. Investments may also be made in mortgage-backed, asset-backed securities and taxable municipal securities. Asset-backed securities generally decrease in value as a result of interest rate increases, but may benefit less than other fixed-income securities from declining interest rates, principally because of prepayments. Mortgage-backed securities involve additional risk over more traditional fixed-income investments, including: interest rate risk, implied call and extension risks; and the possibility of premature return of principal due to mortgage prepayment, which can reduce expected yield and lead to price volatility. Foreign securities, where permitted, are subject to the additional risks of fluctuations in foreign exchange rates, changes in political and economic conditions, foreign taxation, and differences in auditing and financial standards. These risks are magnified in the case of investments in emerging markets.
Important Information
Separately Managed Accounts (SMAs) are investment services provided by Franklin Templeton Private Portfolio Group, LLC (FTPPG), a federally registered investment adviser. Client portfolios are managed based on investment instructions or advice provided by one or more of the following Franklin Templeton affiliated sub-advisers: Western Asset Management, LLC. Management is implemented by FTPPG, the designated sub-adviser or, in the case of certain programs, the program sponsor or its designee.
Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares. Returns reflect reinvestment of dividends and capital gains. Performance figures for periods shorter than one year represent cumulative figures and are not annualized. All performance is reported in US dollars.
ClearBridge Investments, LLC, Franklin Templeton Investment Solutions, Martin Currie, Royce Investment Partners, Western Asset Management Company, LLC, and Franklin Templeton claim compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
Professional money management may not be suitable for all investors. Factual information relating to the securities discussed was obtained from sources believed to be reliable, but there can be no guarantee as to its accuracy. It should not be assumed that investments made in the future will be profitable or will equal the performance of the securities discussed in the material.
You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.
Franklin Templeton (FT) is not undertaking to provide impartial advice. Nothing herein is intended to provide fiduciary advice. FT has a financial interest.
Important data provider notices and terms available at www.franklintempletondatasources.com.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The Bloomberg Municipal 1-15 Year Bond Index is a market value weighted index of investment-grade fixed-rate municipal bonds with maturities of 1-15 years.
Source: Bloomberg Indices.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.