Republic of Turkey 4.2500% Mat 04/14/2026
Fixed Income
QLMYIX Western Asset Variable Global High Yield Bond Portfolio
Popular Documents
Total Net Assets
$158.87M
As of 12/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
Strives to maximize total return by investing in high-yield bonds issued by U.S. and foreign corporations and governments. Offers the flexibility to select securities of any maturity or duration, as well as up to 35% of its assets in sovereign debt issued by emerging market governmental issuers. Utilizes a time-tested, value-oriented investment process led by a deep and experienced team of credit specialists.
- Benchmark
- Bloomberg Global High Yield Index (Hedged)
- Fund Inception Date
- 05/01/1998
- Share Class Inception Date
- 05/01/1998
Identifiers
- Ticker
- QLMYIX
- Fund Number
- 7872
- CUSIP Code
- 52467K839
- Bloomberg Code
- QLMYIX US
Additional Fund Info
- Asset Class
- Fixed Income
- Morningstar Category
4 - High Yield Bond
- Lipper Classification
- N/A
- Investment Style
- High Yield
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 6, 2026
December 15, 2025
October 30, 2025
October 30, 2025
Portfolio
Assets
As of12/31/2025 (Updated Monthly)
- Total Net Assets
- $158.87 Million
Positions
As of 12/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 378
Portfolio Statistics
As of 12/31/2025 (Updated Monthly)
Effective Duration
- Fund
- 3.69 Years
- Fund
- 6.78%
Geographic Allocation
As of 12/31/2025 % of Total (Updated Monthly)
| Geography | Fund |
|---|---|
United States | 50.08% |
Mexico | 4.26% |
United Kingdom | 4.25% |
Canada | 3.99% |
Cayman Islands | 3.60% |
Turkiye | 3.55% |
Other | 3.37% |
Brazil | 2.95% |
Argentina | 2.43% |
Italy | 1.80% |
Germany | 1.77% |
South Africa | 1.58% |
Israel | 1.50% |
Dominican Republic | 1.46% |
Colombia | 1.36% |
Luxembourg | 1.17% |
Guatemala | 1.11% |
Netherlands | 1.04% |
France | 0.99% |
Chile | 0.95% |
Kazakhstan | 0.84% |
Egypt | 0.81% |
Ivory Coast | 0.72% |
Ecuador | 0.68% |
Republic of Angola | 0.64% |
Hong Kong | 0.62% |
Nigeria | 0.54% |
Jordan | 0.53% |
Sweden | 0.51% |
Bahrain | 0.29% |
Japan | 0.28% |
Spain | 0.13% |
Cash & Cash Equivalents | 0.20% |
Holdings
As of 12/31/2025 (Updated Monthly)
MERCADOLIBRE INC 3.1250% Mat 01/14/2031
INTESA SANPAOL 4.198 6/32 4.1980% Mat 06/01/2032
FIRST QUANTUM MINERALS LTD 8.0000% Mat 03/01/2033
BBVA Bancomer S.A. Texas (144A) 5.1250% Mat 01/18/2033
CHARTER COMM OPT LLC/CAP 3.8500% Mat 04/01/2061
PEMEX PROJ FDG MASTER TR 6.6250% Mat 06/15/2035
ALTICE FINANCING SA 5.7500% Mat 08/15/2029
ECHOSTAR CORP 10.7500% Mat 11/30/2029
B3 S.A. - Brasil Bolsa Balc?o - 144A 4.1250% Mat 09/20/2031
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
06/10/2025
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 Variable Global High Yield Bond Portfolio | |||
| Annual Report - Western Asset Variable Global High Yield Bond Portfolio - Class I | |||
| Semi-Annual Report - Western Asset Variable Global High Yield Bond Portfolio - Class I | |||
| Semi-Annual Financial Statements and Other Information - Western Asset Variable Global High Yield Bond Portfolio | |||
| Prospectus - Western Asset Variable Global High Yield Bond Portfolio | |||
| Summary Prospectus - Western Asset Variable Global High Yield Bond Portfolio | |||
| Statement of Additional Information - Legg Mason Partners Variable Income Trust Book 39 | |||
| Fiscal Q1 Holdings - Western Asset Variable Global High Yield Bond Portfolio | |||
| Fiscal Q3 Holdings - Western Asset Variable Global High Yield Bond 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. 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. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. 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.
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 Global High-Yield Index is a multi-currency measure of the global high-yield debt market. The Index represents the union of the U.S. High-Yield, Pan-European High-Yield and U.S. Emerging Markets (EM) Hard Currency High-Yield Indices.
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.