US TS 4.625% 05/31/31
Fixed Income
QLMHIX Western Asset Core Plus VIT Portfolio
- Access to high quality bonds. Seeks to maximize total return from a diversified portfolio of high quality bonds that includes limited exposure to opportunistic debt sectors.
- Experienced portfolio management team. Actively managed by a seasoned portfolio management team, backed by a deep team of credit specialists, who leverage the global breadth of Western Asset's vast investment platform.
- Core portfolio holding. Can be used as a traditional core bond holding.
Popular Documents
Total Net Assets
$125.17M
As of 02/28/2026 (Updated Monthly)
Overview
Fund Facts
Fund description
Seeks to maximize total return from an actively managed, well-diversified core fixed-income portfolio of high-quality securities that includes limited exposure to opportunistic debt sectors. Uses the global breadth of Western Asset's investment platform, fundamental value-oriented investment philosophy and a process that combines top-down macroeconomic views with bottom-up fundamental research.
- Benchmark
- Bloomberg U.S. Aggregate Index
- Additional Benchmark
- Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index
- Fund Inception Date
- 06/16/1994
- Share Class Inception Date
- 06/16/1994
Identifiers
- Ticker
- QLMHIX
- Fund Number
- 7391
- CUSIP Code
- 52467K771
- Bloomberg Code
- QLMHIX US
Additional Fund Info
- Asset Class
- Fixed Income
- Morningstar Category
4 - Intermediate Core-Plus Bond
- Lipper Classification
- Core Plus Bond Funds
- Investment Style
- Multi-Sector
Manager and Commentary
About the Team
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
March 9, 2026
February 22, 2026
February 19, 2026
January 28, 2026
Portfolio
Assets
As of02/28/2026 (Updated Monthly)
- Total Net Assets
- $125.17 Million
Positions
As of 02/28/2026 (Updated Monthly)
Number of Holdings
- Fund
- 909
Portfolio Statistics
As of 02/28/2026 (Updated Monthly)
Effective Duration
- Fund
- 6.17 Years
- Fund
- 4.73%
- Fund
- 9.49 Years
Geographic Allocation
As of 02/28/2026 - Market Value % of Total (Updated Monthly)
| Geography | Fund |
|---|---|
United States | 100.07% |
Other | 3.99% |
Switzerland | 1.02% |
Mexico | 0.75% |
France | 0.75% |
Canada | 0.65% |
Supranational | 0.43% |
United Kingdom | 0.39% |
Japan | 0.16% |
Cash & Cash Equivalents | -8.21% |
Holdings
As of 02/28/2026 (Updated Monthly)
UNITED STATES TREASURY NOTE/BO 4.0000% Mat 06/30/2032
FNMA 2.5% TBA MBS 30yr Mat 03/01/2056
FNMA 3% TBA MBS 30yr Mat 03/01/2056
US TREASURY N/B 01/31 4 4.0000%
WI T 4.25% 06/30/2031
US TREASURY N/B 02/31 4.25 4.2500%
WA Premier Institutional Gover
GNMA II TBA 30 YR 2.5 JUMBOS 2.5000% Mat 03/20/2056
US TREASURY N/ 1.375 8/50 1.3750%
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
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
12/04/2025
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Financial Statements and Other Information - Western Asset Core Plus VIT Portfolio | |||
| Annual Report - Western Asset Core Plus VIT Portfolio - Class I | |||
| Semi-Annual Report - Western Asset Core Plus VIT Portfolio - Class I | |||
| Semi-Annual Financial Statements and Other Information - Western Asset Core Plus VIT Portfolio | |||
| Prospectus - Western Asset Core Plus VIT Portfolio | |||
| Summary Prospectus - Western Asset Core Plus VIT Portfolio | |||
| Statement of Additional Information - Legg Mason Partners Variable Income Trust Book 39 | |||
| Fiscal Q1 Holdings - Western Asset Core Plus VIT Portfolio | |||
| Fiscal Q3 Holdings - Western Asset Core Plus VIT Portfolio |
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. Low-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 performance. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. Active and frequent trading may increase a shareholder’s tax liability and transaction costs. 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 U.S. Aggregate Index is comprised of investment-grade, U.S. dollar-denominated government, corporate, and mortgage- and asset-backed issues having at least one year to maturity.
Source: Bloomberg Indices.
The Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index measures the performance of U.S. dollar-denominated, non-investment-grade, fixed-rate, taxable corporate bond market. The Index limits the maximum exposure to any one issuer to 2%.
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.