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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Western Asset Variable Global High Yield Bond Portfolio

QLMYIX | Fund

$6.34

$9.29 M

13.79%

$0.87

0.81%

Vitals

YTD Return

2.3%

1 yr return

9.2%

3 Yr Avg Return

9.6%

5 Yr Avg Return

2.6%

Net Assets

$9.29 M

Holdings in Top 10

9.9%

52 WEEK LOW AND HIGH

$6.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.81%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 73.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Western Asset Variable Global High Yield Bond Portfolio

QLMYIX | Fund

$6.34

$9.29 M

13.79%

$0.87

0.81%

QLMYIX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return 9.6%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.49%
DIVIDENDS
  • Dividend Yield 13.8%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Western Asset Variable Global High Yield Bond Portfolio
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    Jul 14, 2011
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    S. Leech

Fund Description

The fund invests primarily in high yield fixed income securities issued by U.S. and foreign companies and foreign governments and their agencies and instrumentalities. Under normal market conditions, the fund invests at least 80% of its assets in high yield bonds. High yield bonds are rated below investment grade (that is, securities rated below the Baa/BBB categories), or, if unrated, determined to be of comparable credit quality by the subadviser and are commonly known as “high yield” or “junk” bonds.
Under normal circumstances, the fund will be invested in at least three countries (one of which may be the United States).
The fund may invest without limit in foreign securities denominated either in U.S. dollars or foreign currencies and may invest up to 35% of its assets in sovereign debt issued by emerging market governmental issuers.
The fund’s investments may be of any maturity or duration.
Instead of, and/or in addition to, investing directly in particular securities, the fund may use instruments such as derivatives, including options, swaps, interest rate swaps, credit default swaps (including buying and selling credit default swaps and options on credit default swaps), foreign currency futures, forwards and options, futures contracts and other synthetic instruments that are intended to provide economic exposure to the securities or the issuer or to be used as a hedging technique. The fund may use one or more types of these instruments without limit. For additional information regarding derivatives, see “More on the fund’s investment strategies, investments and risks—Derivatives” in the Prospectus. These instruments are taken into account when determining compliance with the fund’s 80% policy.
The fund may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio (such as shortening or lengthening duration) and for other purposes.
Read More

QLMYIX - Performance

Return Ranking - Trailing

Period QLMYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -5.0% 8.8% 14.38%
1 Yr 9.2% -1.4% 24.8% 6.94%
3 Yr 9.6%* -0.8% 19.7% 10.68%
5 Yr 2.6%* -3.9% 14.4% 90.05%
10 Yr 4.9%* 1.0% 20.8% 51.56%

* Annualized

Return Ranking - Calendar

Period QLMYIX Return Category Return Low Category Return High Rank in Category (%)
2025 2.6% -9.4% 9.7% 12.69%
2024 0.3% -25.4% 11.8% 71.07%
2023 4.2% -4.7% 12.2% 72.37%
2022 -19.6% -33.4% 3.6% 91.94%
2021 -3.2% -8.4% 9.8% 95.08%

Total Return Ranking - Trailing

Period QLMYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -5.0% 8.8% 14.38%
1 Yr 9.2% -1.4% 24.8% 6.94%
3 Yr 9.6%* -0.8% 19.7% 10.68%
5 Yr 2.6%* -3.9% 14.4% 90.05%
10 Yr 4.9%* 1.0% 20.8% 51.56%

* Annualized

Total Return Ranking - Calendar

Period QLMYIX Return Category Return Low Category Return High Rank in Category (%)
2025 10.0% -2.1% 18.7% 9.31%
2024 7.1% -12.7% 18.9% 75.47%
2023 10.3% 3.5% 23.2% 86.27%
2022 -13.7% -29.1% 47.8% 90.05%
2021 1.3% -2.8% 16.2% 97.89%

NAV & Total Return History

QLMYIX - Holdings

Concentration Analysis

QLMYIX Category Low Category High QLMYIX % Rank
Net Assets 9.29 M 3.13 M 31.3 B 99.49%
Number of Holdings 391 2 7288 48.21%
Net Assets in Top 10 15.3 M -492 M 6.47 B 89.06%
Weighting of Top 10 9.89% 4.3% 144.4% 76.92%

Top 10 Holdings

  1. ISPIM V4.198 06/01/32 1.22%
  2. FMCN 8 03/01/33 144A 1.07%
  3. MIK 11 03/15/34 144A 1.02%
  4. BBVASM V5.125 01/18/33 144A 1.02%
  5. CHTR 3.85 04/01/61 0.98%
  6. AMGENE 9.5 10/01/28 144A 0.97%
  7. PEMEX 6.625 06/15/35 0.96%
  8. ALTICE 5.75 08/15/29 144a 0.92%
  9. MELI 3.125 01/14/31 0.89%
  10. SATS 10.75 11/30/29 . 0.84%

Asset Allocation

Weighting Return Low Return High QLMYIX % Rank
Bonds 		97.65% 0.00% 145.36% 12.01%
Convertible Bonds 		1.55% 0.00% 17.89% 29.74%
Cash 		0.94% -52.00% 48.62% 93.68%
Other 		0.80% -39.08% 96.21% 14.87%
Preferred Stocks 		0.35% 0.00% 4.59% 24.96%
Stocks 		0.27% 0.00% 99.76% 58.54%

Stock Sector Breakdown

Weighting Return Low Return High QLMYIX % Rank
Utilities 		0.00% 0.00% 100.00% 34.79%
Technology 		0.00% 0.00% 33.17% 38.02%
Real Estate 		0.00% 0.00% 86.71% 21.89%
Industrials 		0.00% 0.00% 93.12% 38.48%
Healthcare 		0.00% 0.00% 22.17% 29.72%
Financial Services 		0.00% 0.00% 100.00% 5.76%
Energy 		0.00% 0.00% 100.00% 73.96%
Communication Services 		0.00% 0.00% 99.99% 53.46%
Consumer Defense 		0.00% 0.00% 100.00% 29.26%
Consumer Cyclical 		0.00% 0.00% 100.00% 44.93%
Basic Materials 		0.00% 0.00% 100.00% 41.47%

Stock Geographic Breakdown

Weighting Return Low Return High QLMYIX % Rank
Non US 		0.15% -0.01% 0.83% 13.33%
US 		0.11% 0.00% 99.76% 61.88%

Bond Sector Breakdown

Weighting Return Low Return High QLMYIX % Rank
Corporate 		72.25% 0.00% 100.00% 94.35%
Government 		14.73% 0.00% 99.07% 2.05%
Securitized 		0.90% 0.00% 97.24% 25.68%
Cash & Equivalents 		0.00% 0.00% 48.62% 94.02%
Municipal 		0.00% 0.00% 1.17% 40.92%
Derivative 		-0.09% -20.24% 42.26% 91.62%

Bond Geographic Breakdown

Weighting Return Low Return High QLMYIX % Rank
US 		92.85% 0.00% 126.57% 50.94%
Non US 		4.79% 0.00% 60.71% 19.83%

QLMYIX - Expenses

Operational Fees

QLMYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.04% 25.46% 62.37%
Management Fee 0.70% 0.00% 1.75% 83.22%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

QLMYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

QLMYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

QLMYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 73.00% 1.00% 255.00% 68.66%

QLMYIX - Distributions

Dividend Yield Analysis

QLMYIX Category Low Category High QLMYIX % Rank
Dividend Yield 13.79% 0.00% 11.76% 66.89%

Dividend Distribution Analysis

QLMYIX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Monthly Monthly Monthly

Net Income Ratio Analysis

QLMYIX Category Low Category High QLMYIX % Rank
Net Income Ratio 4.49% -2.39% 9.30% 45.09%

Capital Gain Distribution Analysis

QLMYIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

QLMYIX - Fund Manager Analysis

Managers

S. Leech

Start Date

Tenure

Tenure Rank

Mar 17, 2006

16.22

16.2%

– Western Asset Management Company, LLC – Chief Investment Officer, 1990– – Greenwich Capital Markets – Portfolio Manager, 1988–1990 – The First Boston Corporation – Fixed Income Manager, 1980–1988 – National Bank of Detroit – Portfolio Manager, 1977–1980 – The Wharton School, University of Pennsylvania, M.B.A., B.S., B.A., summa cum laude, 1972–1976

Michael Buchanan

Start Date

Tenure

Tenure Rank

Mar 17, 2006

16.22

16.2%

– Western Asset Management Company, LLC – Deputy Chief Investment Officer, 2005– – Credit Suisse Asset Management – Managing Director, Head of U.S. Credit Products, 2003–2005 – Janus Capital Management – Executive Vice President, Portfolio Manager, 2003 – BlackRock Financial Management – Managing Director, Portfolio Manager, 1998–2003 – Conseco Capital Management – Vice President, Portfolio Manager, 1990–1998 – Brown University, B.A. – Chartered Financial Analyst

Ian Edmonds

Start Date

Tenure

Tenure Rank

Sep 01, 2012

9.75

9.8%

– Western Asset Management Company Limited – Portfolio Manager, 1994– – Bacon & Woodrow – Part Qualified Actuary, 1990–1994 – University College, London, B.Sc.

Walter Kilcullen

Start Date

Tenure

Tenure Rank

Sep 01, 2012

9.75

9.8%

-Western Asset Management Company, LLC - Head of US High Yield, 2002-Present -Seix Investment Advisors - Head High Yield Trader, 1998-2002 -University of Massachusetts, Amherst, B.A. Economics

Christopher Kilpatrick

Start Date

Tenure

Tenure Rank

May 01, 2017

5.08

5.1%

Mr. Christopher F. Kilpatrick serves as a Research Analyst and Portfolio Manager of Western Asset Management Company. Mr. Kilpatrick joined Western Asset Management Company in 2003.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.49 4.25

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