UNITED STATES TREASURY NOTE/BO 4.7500% Mat 08/15/2055
Fixed Income
LLAAX Western Asset Long Credit VIT
Popular Documents
Total Net Assets
$281.67M
As of 01/31/2026 (Updated Monthly)
Overview
Fund Facts
Fund description
The Fund seeks total return from a portfolio constructed primarily of long investment grade corporate bonds across all sub-sectors and industries, while incorporating opportunistic investments in plus sectors such as high-yield, structured securities and emerging markets. The Fund employs an active, team-managed investment approach around a long-term, value oriented investment philosophy. The portfolio will assimilate the Firm's top-down macro-economic views with credit analysts' fundamental and relative value views regarding industry and issuer opportunities. We will seek to add value to the Fund primarily through issue selection, sector rotation, and active ratings positioning.
- Benchmark
- 60% Bloomberg U.S. Long Credit Index/40% Bloomberg U.S. Intermediate Credit Index
- Additional Benchmark
- Bloomberg U.S. Long Credit
- Fund Inception Date
- 05/01/2023
- Share Class Inception Date
- 05/01/2023
Identifiers
- Ticker
- LLAAX
- Fund Number
- 7997
- CUSIP Code
- 52467K748
- Bloomberg Code
- LLAAX US
Top Sectors
As of 01/31/2026 % of Total (Updated Monthly)
Banking21.06% | |
Electric10.35% | |
Consumer Non-Cyclical8.82% | |
Communications8.14% | |
Insurance7.14% |
Additional Fund Info
- Asset Class
- Fixed Income
- Morningstar Category
4 - Corporate Bond
- Lipper Classification
- Corporate Debt Funds BBB-Rated
- Investment Style
- Corporate Credit
Manager and Commentary
About the Team
Western Asset
Western Asset Management is one of the world's leading global fixed income managers. Founded in 1971, the firm is known for team management and proprietary research, supported by robust risk management and a long-term fundamental value approach.
Latest Insights
January 28, 2026
January 27, 2026
January 22, 2026
January 16, 2026
Portfolio
Assets
As of01/31/2026 (Updated Monthly)
- Total Net Assets
- $281.67 Million
Positions
As of 01/31/2026 (Updated Monthly)
Number of Holdings
- Fund
- 940
Portfolio Statistics
As of 01/31/2026 (Updated Monthly)
Effective Duration
- Fund
- 9.26 Years
- Fund
- 5.56%
- Fund
- 15.90 Years
Sector Allocation
As of 01/31/2026 % of Total (Updated Monthly)
| Sector | % of Total |
|---|---|
Banking | 21.06% |
Electric | 10.35% |
Consumer Non-Cyclical | 8.82% |
Communications | 8.14% |
Insurance | 7.14% |
Energy | 6.53% |
High Yield Corporate | 5.71% |
Technology | 5.59% |
Consumer Cyclical | 5.09% |
Capital Goods | 4.30% |
Financial Other | 3.97% |
Structured | 3.18% |
IG Non-Corporate | 3.08% |
Basic Industry | 2.07% |
Transportation | 1.91% |
Treasury | 1.50% |
Municipal | 1.39% |
Below IG Non-Corporate | 0.60% |
Natural Gas | 0.56% |
REITS | 0.38% |
Industrial Other | 0.33% |
Cash & Cash Equivalents | -1.69% |
Holdings
As of 12/31/2025 (Updated Monthly)
META PLATFORMS INC 5.7500% Mat 11/15/2065
BOEING CO/THE 6.5280% Mat 05/01/2034
CITIGROUP INC 6.6250% Mat 05/15/2174
BANCO SANTANDER SA 4.5510% Mat 11/06/2030
UNITED STATES TREASURY NOTE/BO 4.0000% Mat 11/15/2035
PROCTER & GAMBLE CO/THE 4.3500% Mat 11/03/2035
MIDCAP FINANCIAL ISSR TR 5.3000% Mat 03/16/2029
GOLDMAN SACHS GROUP INC/THE 2.6500% Mat 10/21/2032
MORGAN STANLEY 4.8920% Mat 10/22/2036
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
Federal ID Number 92-2259499
For information on tax years prior to 2008, please contact usThese amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Data not currently available.
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Financial Statements and Other Information - Western Asset Long Credit VIT | |||
| Annual Report - Western Asset Long Credit VIT - Class I | |||
| Semi-Annual Report - Western Asset Long Credit VIT - Class I | |||
| Semi-Annual Financial Statements and Other Information - Western Asset Long Credit VIT | |||
| Prospectus - Western Asset Long Credit VIT | |||
| Summary Prospectus - Western Asset Long Credit VIT | |||
| Statement of Additional Information - Legg Mason Partners Variable Income Trust Book 39 | |||
| Fiscal Q1 Holdings - Western Asset Long Credit VIT | |||
| Fiscal Q3 Holdings - Western Asset Long Credit VIT |
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Changes in the credit rating of a bond, or in the credit rating or financial strength of a bond's issuer, insurer or guarantor, may affect the bond's value. Lower-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on fund performance. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. These and other risks are discussed in the fund's prospectus.
Important Information
Past performance is no guarantee of future results. These portfolios are available as investment options under a variable annuity or variable life contract. Shares of the portfolios are offered only to insurance company separate accounts that fund certain variable annuity or life contracts. These portfolios may not be available in all states and may only be offered in certain variable products. Please refer to the prospectuses. Variable annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Withdrawals made prior to age 59 1/2 are subject to a 10% IRS penalty charge and/or surrender charges. Investments in a variable annuity are subject to market risks, including loss of principal. Guarantees are based on the claims-paying ability of the insurer.
VARIABLE ANNUITIES ARE SOLD BY PROSPECTUS ONLY. AN INVESTOR SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE INSURANCE CONTRACT AND THE UNDERLYING PORTFOLIO CAREFULLY BEFORE INVESTING. THE PROSPECTUSES CONTAIN THIS AND OTHER IMPORTANT INFORMATION ABOUT THE INSURANCE CONTRACT AND THE UNDERLYING PORTFOLIO. FOR A FREE PROSPECTUS ON THE UNDERLYING PORTFOLIO, PLEASE CLICK ON THE PROSPECTUS LINK. AN INVESTOR SHOULD READ THE PROSPECTUSES CAREFULLY BEFORE INVESTING.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
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Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The Bloomberg US Long Credit Index measures the performance of investment-grade, U.S. dollar-denominated, fixed-rate, taxable corporate and non-corporate (non-U.S. agencies, sovereigns, supranationals and local authorities) debt with at least 10 years to maturity.
Source: Bloomberg Indices.
The Bloomberg U.S. Long Credit Index and Bloomberg U.S. Intermediate Credit Index consist of the long-term component and intermediate-term component of the U.S. Credit Index, which includes investment grade, U.S. dollar-denominated, fixed-rate, taxable corporate and non-corporate (non-U.S. agencies, sovereigns, supranationals and local authorities) debt.
Source: Bloomberg Indices.
Franklin Distributors, LLC. Member FINRA/SIPC. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the fund are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
FINANCIAL ADVISORS: Please note that not all share classes may be available for sale at your firm. Please call Franklin Templeton at (800) 530-2432 for more information.