2020 Legg Mason Tax Guide
IMPORTANT TAX INFORMATION REGARDING YOUR MUTUAL FUNDS
This guide is a summary of tax information for certain Legg Mason, Brandywine Global, ClearBridge Investments, Martin Currie, QS Investors and Western Asset closed-end,open-end and exchange-traded funds. This information may be useful to you, as an investor, in the preparation of your 2020 Federal and state income tax returns. We recommend that you consult your tax advisor for assistance with how this information will impact your specific tax situation.
Table of contents | |
Exempt interest income - Multi-state funds | 2 |
Exempt interest income ‒ Single state funds | 4 |
Income from Federal obligations | 5 |
Foreign source income | 6 |
Dividends Received Deduction for Corporations | 7 |
Please see back cover for important disclosures | Click here |
SECTION 1
In this section you will find information for the Western Asset multi-state funds that have paid income dividends which are tax- exempt for regular Federal income tax purposes. The percentages of income earned by the funds from each state or U.S. Territory are listed below.
See Footnotes after Section 5.
Exempt interest income - Multi-state funds
Western Asset | Western Asset Select | ||||||||||||
Western Asset | Western Asset | Western Asset | Short Duration | Western Asset | Tax Free Reserves and | ||||||||
Intermediate-Term | Managed | Municipal High Income | Municipal | SMASh Series TF | Western Asset Tax Free | ||||||||
Municipals Fund | Municipals Fund | Fund | Income Fund | Fund | Reserves | ||||||||
Alabama | 1.83 | % | 5.64 | % | 8.88 | % | 2.57 | % | 3.99 | % | 0.30 | % | |
Alaska | 0.10 | 0.30 | 0.01 | 0.37 | 0.17 | 0.33 | |||||||
Arizona | 2.43 | 2.55 | 3.98 | 5.11 | 6.90 | 3.35 | |||||||
Arkansas | - | - | - | - | - | - | |||||||
California | 12.39 | 14.37 | 10.68 | 0.73 | 12.80 | 1.55 | |||||||
Colorado | 2.52 | 3.02 | 6.88 | 3.87 | 1.52 | 1.28 | |||||||
Connecticut | 1.31 | 1.18 | 0.57 | 5.29 | 2.20 | 0.70 | |||||||
Delaware | 0.25 | 0.60 | 2.32 | 0.03 | 0.10 | 1.34 | |||||||
District of Columbia | 0.80 | 0.60 | 1.14 | - | 0.32 | 0.75 | |||||||
Florida | 4.72 | 4.67 | 2.59 | 1.89 | 2.85 | 3.92 | |||||||
Georgia | 1.44 | 1.21 | 0.71 | 2.02 | 1.88 | 4.29 | |||||||
Guam | - | - | - | - | - | - | |||||||
Hawaii | - | - | - | 0.75 | - | - | |||||||
Idaho | - | - | - | - | 0.24 | 2.23 | |||||||
Illinois | 13.52 | 11.92 | 11.31 | 13.54 | 12.78 | 4.60 | |||||||
Indiana | 1.46 | 1.24 | 1.05 | 7.75 | 1.70 | 3.86 | |||||||
Iowa | 0.21 | 0.07 | 0.05 | 0.13 | 0.09 | - | |||||||
Kansas | 0.03 | 0.29 | - | 0.93 | 0.84 | - | |||||||
Kentucky | 1.82 | 2.33 | 0.37 | 6.78 | 4.14 | 0.01 | |||||||
Louisiana | 1.02 | 0.69 | 0.55 | 0.71 | 0.37 | 0.23 | |||||||
Maine | - | - | - | - | - | - | |||||||
Maryland | 0.39 | 0.43 | 3.14 | 0.33 | 0.30 | - | |||||||
Massachusetts | 1.55 | 2.22 | 1.74 | 1.15 | 2.02 | 1.50 | |||||||
Michigan | 3.52 | 2.38 | 2.24 | 1.08 | 2.90 | 2.43 | |||||||
Minnesota | 0.04 | 0.20 | 0.49 | - | 0.01 | 1.17 | |||||||
Mississippi | 0.22 | 0.14 | - | 0.03 | 0.04 | 1.16 | |||||||
Missouri | 0.44 | 0.32 | 2.19 | - | 0.35 | 2.17 | |||||||
Montana | - | - | - | 0.26 | - | - | |||||||
Nebraska | 0.28 | 0.16 | 1.19 | 0.04 | 0.55 | - | |||||||
Nevada | 0.23 | 0.52 | 0.81 | 1.02 | 0.44 | - | |||||||
New Hampshire | 0.04 | 0.09 | - | - | - | 0.01 | |||||||
New Jersey | 7.20 | 7.06 | 6.22 | 8.02 | 5.54 | 0.05 | |||||||
New Mexico | 1.01 | - | 0.42 | 1.05 | 0.05 | - | |||||||
New York | 8.32 | 8.67 | 2.82 | 7.06 | 6.28 | 34.82 | |||||||
North Carolina | 0.81 | 1.42 | 0.34 | 0.78 | 0.95 | 1.06 | |||||||
North Dakota | - | - | - | - | - | - | |||||||
Ohio | 0.80 | 1.57 | 3.09 | 1.08 | 4.44 | 0.86 | |||||||
Oklahoma | - | - | 0.37 | 1.02 | 0.48 | - | |||||||
Oregon | 0.93 | 0.30 | 0.31 | 0.34 | 2.52 | 1.91 | |||||||
Pennsylvania | 3.09 | 4.09 | 3.27 | 5.88 | 3.08 | 3.73 | |||||||
Puerto Rico | 2.05 | 1.98 | 2.31 | - | 2.61 | - | |||||||
Rhode Island | 0.25 | 0.12 | - | - | - | - | |||||||
South Carolina | 0.49 | 0.36 | - | 5.16 | 0.11 | - | |||||||
South Dakota | - | 0.06 | - | - | 0.06 | 0.81 | |||||||
Tennessee | 5.21 | 1.95 | 0.27 | 2.34 | 1.38 | - | |||||||
Texas | 11.24 | 9.81 | 12.43 | 5.24 | 7.59 | 10.24 | |||||||
U.S. Virgin Islands | 0.74 | 0.73 | 2.38 | - | 1.17 | - | |||||||
Utah | 0.38 | 0.56 | 0.54 | 0.01 | 1.77 | 1.01 | |||||||
Vermont | 0.04 | 0.10 | - | - | - | - | |||||||
Virginia | 1.67 | 1.11 | 0.14 | 2.35 | 0.86 | 0.11 | |||||||
Washington | 1.62 | 1.78 | 0.18 | 1.41 | 0.76 | 4.26 | |||||||
West Virginia | 0.36 | 0.10 | 0.08 | 0.67 | 0.14 | - | |||||||
Wisconsin | 1.23 | 1.08 | 1.94 | 1.21 | 0.69 | 3.25 | |||||||
Wyoming | - | 0.01 | - | - | 0.02 | 0.71 | |||||||
Alternative Minimum Tax Percentage: | 6.31% | % | 5.04 | % | 7.82 | % | 2.85 | % | 7.72 | % | 10.74 | % | |
2020 Tax Guide | 22 |
SECTION 1
In this section you will find information for the Western Asset multi-state funds that have paid income dividends which are tax- exempt for regular Federal income tax purposes. The percentages of income earned by the funds from each state or U.S. Territory are listed below.
See Footnotes after Section 5.
Exempt interest income - Multi-state funds
Western Asset | |||||||||||
Western Asset | Western Asset | Municipal Defined | Western Asset | Western Asset | |||||||
Intermediate | Managed Municipals | Opportunity | Municipal High | Municipal Partners | |||||||
Muni Fund Inc. | Fund Inc. | Trust Inc. | Income Fund Inc. | Fund Inc. | |||||||
(SBI) | (MMU) | (MTT) | (MHF) | (MNP) | |||||||
Alabama | 1.44 | % | 7.66 | % | 9.18 | % | 7.44 | % | 2.27 | % | |
Alaska | 0.12 | 0.08 | 0.08 | 0.01 | 0.70 | ||||||
Arizona | 2.72 | 4.38 | 6.17 | 4.02 | 2.25 | ||||||
Arkansas | - | - | - | - | - | ||||||
California | 17.42 | 12.58 | 11.11 | 9.78 | 12.94 | ||||||
Colorado | 4.51 | 9.45 | 4.61 | 4.64 | 4.20 | ||||||
Connecticut | 0.97 | 0.74 | 1.19 | 0.71 | 1.33 | ||||||
Delaware | - | - | 0.24 | 1.47 | 0.26 | ||||||
District of Columbia | 0.33 | 0.42 | 0.20 | 1.59 | 0.46 | ||||||
Florida | 5.48 | 3.00 | 1.25 | 3.21 | 5.20 | ||||||
Georgia | 0.52 | 0.98 | 0.41 | 0.12 | 0.43 | ||||||
Guam | - | - | - | - | - | ||||||
Hawaii | - | 0.92 | - | - | - | ||||||
Idaho | - | 0.12 | 0.11 | - | - | ||||||
Illinois | 14.42 | 12.74 | 11.84 | 11.40 | 11.45 | ||||||
Indiana | 4.39 | 2.19 | 2.12 | 1.94 | 1.50 | ||||||
Iowa | 0.07 | 0.06 | 0.06 | - | 0.06 | ||||||
Kansas | - | - | - | - | - | ||||||
Kentucky | 1.71 | 1.49 | 1.57 | 1.59 | 0.66 | ||||||
Louisiana | 3.54 | 1.03 | 0.36 | 0.75 | 1.22 | ||||||
Maine | - | - | - | - | - | ||||||
Maryland | 0.02 | 0.02 | 0.65 | 3.02 | 0.01 | ||||||
Massachusetts | 1.02 | 2.28 | 0.57 | 0.74 | 2.14 | ||||||
Michigan | 2.50 | 3.50 | 2.87 | 1.37 | 2.03 | ||||||
Minnesota | - | 0.19 | - | - | - | ||||||
Mississippi | - | - | 0.01 | - | 0.02 | ||||||
Missouri | 0.71 | 0.75 | 0.37 | 2.76 | 0.48 | ||||||
Montana | - | - | - | - | - | ||||||
Nebraska | 0.32 | - | 0.01 | 2.40 | - | ||||||
Nevada | - | 0.16 | - | 0.58 | - | ||||||
New Hampshire | - | - | - | - | - | ||||||
New Jersey | 6.39 | 4.86 | 4.62 | 7.34 | 9.00 | ||||||
New Mexico | - | - | - | 0.30 | - | ||||||
New York | 8.64 | 8.02 | 19.65 | 2.53 | 10.95 | ||||||
North Carolina | 0.67 | 0.66 | 0.72 | 0.31 | 2.76 | ||||||
North Dakota | - | - | - | - | - | ||||||
Ohio | 0.89 | 2.22 | 0.77 | 1.10 | 2.80 | ||||||
Oklahoma | - | 0.07 | 0.01 | 0.35 | - | ||||||
Oregon | 1.22 | 0.29 | 0.33 | 0.77 | 0.82 | ||||||
Pennsylvania | 1.56 | 2.83 | 1.75 | 5.41 | 6.10 | ||||||
Puerto Rico | 2.90 | 2.47 | 2.56 | 2.07 | 2.64 | ||||||
Rhode Island | - | - | - | - | - | ||||||
South Carolina | 0.23 | 0.21 | 0.20 | - | 0.21 | ||||||
South Dakota | - | 0.06 | - | - | 0.08 | ||||||
Tennessee | 1.61 | 0.91 | 0.61 | 0.26 | 1.81 | ||||||
Texas | 5.52 | 7.92 | 7.12 | 12.23 | 7.19 | ||||||
U.S. Virgin Islands | 0.84 | 0.66 | 1.29 | 2.33 | 0.68 | ||||||
Utah | 0.27 | 0.99 | 1.23 | 0.62 | 0.25 | ||||||
Vermont | - | - | - | - | - | ||||||
Virginia | 2.84 | 1.38 | 1.50 | 2.78 | 0.58 | ||||||
Washington | 0.38 | 0.62 | 1.36 | 0.13 | 1.34 | ||||||
West Virginia | 0.11 | 0.09 | 0.10 | 0.03 | 0.10 | ||||||
Wisconsin | 3.72 | 0.98 | 1.19 | 1.90 | 3.08 | ||||||
Wyoming | - | 0.02 | 0.01 | - | - | ||||||
Other U.S. Territories | - | - | - | - | - | ||||||
Alternative Minimum Tax Percentage: | 19.49 | % | 11.89 | % | 13.84 | % | 12.98 | % | 14.16 | % | |
2020 Tax Guide | 33 |
X3A0T SECTION 2
In this section you will find information for the Western Asset single state funds that have paid income dividends which are tax-exempt for regular Federal income tax purposes.
See Footnotes after Section 5.
Exempt interest income - Single state funds | |||||||||
Percentage of | |||||||||
Percentage of | income from | Percentage of | |||||||
income from | obligations of Puerto | income from | |||||||
Specified state | obligations exempt | Rico, U.S. Virgin | obligations | Alternative Minimum | |||||
Fund Name | in specified state | Islands and Guam | of other states | Tax Percentage | |||||
Western Asset California Municipals Fund | California | 96.31 | % | 3.68 | % | 0.01 | % | 2.97 | % |
Western Asset Intermediate Maturity California Municipals Fund | California | 95.19 | 4.72 | 0.09 | 9.53 | ||||
Western Asset Intermediate Maturity New York Municipals Fund | New York | 96.00 | 4.00 | - | 15.57 | ||||
Western Asset Massachusetts Municipals Fund | Massachusetts | 96.69 | 3.13 | 0.18 | 1.49 | ||||
Western Asset New Jersey Municipals Fund | New Jersey | 96.88 | 3.03 | 0.09 | 5.65 | ||||
Western Asset New York Municipals Fund | New York | 95.84 | 4.16 | - | 5.00 | ||||
Western Asset New York Tax Free Money Market Fund | New York | 100.00 | - | - | 10.88 | ||||
Western Asset Oregon Municipals Fund | Oregon | 96.36 | 3.64 | - | 3.20 | ||||
Western Asset Pennsylvania Municipals Fund | Pennsylvania | 96.94 | 2.96 | 0.10 | 1.76 | ||||
2020 Tax Guide | 4 |
SECTION 3
Certain states may exempt the portion of dividends (reported in Box 1a on Form 1099-DIV) derived from assets backed by the full faith and credit of the U.S. Government.*
The table below provides the percentages of those dividends available for this exclusion. Only those Funds that appear in this section have distributed income that qualifies for this exclusion.
See Footnotes after Section 5.
Income from Federal obligations
Fund Name | Percentage | ||
BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG) | 1.85 | % | |
BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged) | 1.69 | ||
BrandywineGLOBAL - Global Unconstrained Bond Fund | 7.92 | ||
QS Conservative Growth Fund | 1.85 | ||
QS Defensive Growth Fund | 3.88 | ||
QS Moderate Growth Fund | 1.27 | ||
QS Strategic Real Return Fund | 8.49 | ||
Western Asset Core Bond Fund | 7.17 | ||
Western Asset Core Plus Bond Fund | 7.40 | ||
Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) | (b) | 2.17 | |
Western Asset Global High Income Fund Inc. (EHI) (b) | 1.98 | ||
Western Asset Government Reserves | 79.89 | ||
Western Asset Inflation Indexed Plus Bond Fund ** | 80.82 | ||
Western Asset Inflation-Linked Income Fund (WIA) ** | 30.16 | ||
Western Asset Inflation-Linked Opportunities & Income Fund (WIW) ** | (b) | 55.59 | |
Western Asset Institutional Government Reserves | 80.82 | ||
Western Asset Institutional Liquid Reserves | 8.58 | ||
Western Asset Institutional U.S. Treasury Obligations Money Market Fund | 74.70 | ||
Western Asset Institutional U.S. Treasury Reserves ** | 100.00 | ||
Western Asset Intermediate Bond Fund | 15.03 | ||
Western Asset Macro Opportunities Fund | 14.72 | ||
Western Asset Premier Bond Fund (WEA) | 1.88 | ||
Western Asset Premier Institutional Government Reserves | 52.66 | ||
Western Asset Premier Institutional Liquid Reserves | 8.75 | ||
Western Asset Premier Institutional U.S. Treasury Reserves | 100.00 | ||
Western Asset Premium Liquid Reserves | 10.37 | ||
Western Asset Premium U.S. Treasury Reserves ** | 100.00 | ||
Western Asset Short-Term Bond Fund | 7.90 | ||
Western Asset SMASh Series Core Completion Fund | 7.71 | ||
Western Asset SMASh Series Core Plus Completion Fund (c) | 8.28 | ||
Western Asset SMASh Series M Fund | 10.43 | ||
Western Asset Total Return ETF | 1.91 | ||
Western Asset Ultra-Short Income Fund (d) | 2.82 | ||
Western Asset U.S. Treasury Reserves ** | 100.00 | ||
- Includes U.S. Treasury Bills, U.S. Treasury Notes, U.S. Treasury Bonds, and obligations issued by the Federal Home Loan Bank, Federal Credit Banks and the Student Loan Marketing Association.
- These Funds have met the quarterly asset requirements for California, Connecticut and New York resident shareholders.
2020 Tax Guide | 5 |
X5A0T SECTION 4
This information is provided for those shareholders electing to take the foreign tax credit for Federal income tax purposes.
Shareholders taking an itemized deduction for foreign taxes paid: Include the amount shown in Box 6 on Form 1099-DIV as an itemized deduction on Schedule A (Form 1040).
Shareholders electing to claim the Foreign Tax Credit on either Form 1116 ("Foreign Tax Credit") for individuals, or Form 1118 ("Foreign Tax Credit -corporations") for corporate shareholders: Please note that shareholders claiming a foreign tax credit on income passed through from a mutual fund are no longer required to report foreign source income and foreign taxes paid on a country-by-countrybasis. Corporate shareholders, please refer to the 2020 Distribution Reclassifications which may be found in the Tax Center of the Legg Mason website for the per share amount of the Foreign Withholding Taxes paid. Please refer to the instructions for Form 1116 or 1118 and consult your tax advisor for further assistance.
See Footnotes after Section 5.
Foreign source income
Fund Name
ClearBridge Global Infrastructure Income Fund (e)
ClearBridge International Growth Fund
ClearBridge International Small Cap Fund
ClearBridge International Value Fund
Legg Mason Global Infrastructure ETF (INFR)
Percentage of | |||||
Percentage of | Income from | ||||
Payable Date | Income from | Foreign Source | |||
Foreign Sources | Dividends (3) | ||||
Quarterly | 92.66 | % | (2) | 92.66 | % |
March - September | |||||
12/18/2020 | 69.03 | (2) | 65.73 | ||
12/22/2020 | 99.80 | (1) | 99.80 | ||
12/22/2020 | 100.00 | (1) | 100.00 | ||
12/07/2020 | 96.13 | (1) | 96.13 | ||
Quarterly | 61.26 | (2) | 61.26 | ||
April - October | |||||
Quarterly | 100.00 | (2) | 93.10 | |||
Legg Mason International Low Volatility High Dividend ETF | (LVHI) | March - September | ||||
12/08/2020 | 100.00 | (2) | 87.52 | |||
Martin Currie Emerging Markets Fund | 12/22/2020 | 100.00 | (1) | 100.00 | ||
Martin Currie International Unconstrained Equity Fund | 12/04/2020 | 63.26 | (2) | 63.26 | ||
12/22/2020 | 63.25 | (2) | 63.25 | |||
Martin Currie SMASh Series EM Fund | 12/15/2020 | 100.00 | (1) | 83.06 | ||
QS Conservative Growth Fund | 03/31/2020 | 1.78 | (2) | 1.78 | ||
Quarterly | 3.04 | (2) | 3.04 | |||
June - December | ||||||
QS Defensive Growth Fund | 03/31/2020 | 0.99 | (2) | 0.99 | ||
Quarterly | 1.72 | (2) | 1.72 | |||
June - December | ||||||
QS Growth Fund | 06/18/2020 | 3.38 | (2) | 3.38 | ||
12/31/2020 | 23.44 | (2) | 23.44 | |||
QS International Equity Fund | 12/04/2020 | 99.11 | (1) | 99.11 | ||
QS Moderate Growth Fund | 06/18/2020 | 0.31 | % | (2) | 0.31 | |
12/30/2020 | 13.09 | (2) | 13.09 | |||
- To determine your share of the Fund's foreign source income, multiply the total foreign source percentage indicated by the amount shown in Box 1a of Form 1099-DIV.
- To determine your share of the Fund's foreign source income, multiply the total foreign source percentage indicated by the distribution received on the indicated date. Do not multiply this percentage by the amount shown on Box 1a of Form 1099-DIV.
- As a result of lower tax rates on qualified dividends, in computing your foreign tax credit, you may need to make certain adjustments based on your foreign source qualified dividends. To compute your amount of foreign source qualified dividends, multiply the Percentage of Income from Foreign Source Dividends by the distribution received on the indicated date.
2020 Tax Guide | 6 |
SECTION 5
The list below provides corporate shareholders with the percentages of their gross ordinary dividends that qualify for the dividends received deduction for corporations. Only those Funds that appear in this section have distributed income that qualifies for this deduction.
See Footnotes after Section 5.
Dividends Received Deduction for Corporations
Fund Name
BrandywineGLOBAL - Diversified US Large Cap Value Fund BrandywineGLOBAL - Dynamic US Large Cap Value Fund ClearBridge Aggressive Growth Fund
ClearBridge All Cap Growth ETF (CACG)
ClearBridge All Cap Value Fund
ClearBridge Appreciation Fund
Clearbridge Dividend Strategy ESG ETF (YLDE)
Clearbridge Dividend Strategy Fund
ClearBridge Focus Value ETF (CFCV)
ClearBridge Global Infrastructure Income Fund (e) ClearBridge Large Cap Growth ESG ETF (LRGE) ClearBridge Large Cap Growth Fund Clearbridge Large Cap Value Fund
ClearBridge Mid Cap Fund
ClearBridge Small Cap Fund
ClearBridge Small Cap Value Fund
ClearBridge Sustainability Leaders Fund
ClearBridge Tactical Dividend Income Fund (f)
ClearBridge Value Trust
Legg Mason Global Infrastructure ETF (INFR)
Legg Mason Low Volatility High Dividend ETF (LVHD)
Legg Mason Small-Cap Quality Value ETF Fund (SQLV) LMP Capital and Income Fund Inc. (SCD) (f)
Martin Currie Emerging Markets Fund
QS Conservative Growth Fund
QS Defensive Growth Fund
Payable Date
12/04/2020
12/04/2020
12/22/2020
12/31/2020
12/07/2020
12/04/2020
Quarterly
March - December
Quarterly
March - December
09/30/2020
Quarterly
March - September
12/31/2020
12/22/2020
Quarterly
March - December
12/22/2020
06/18/2020
12/07/2020
12/04/2020
Quarterly
March - September
12/04/2020
Quarterly
April - October
Quarterly
February - August
01/05/2021
Quarterly
March - December
Quarterly
March - September
12/22/2020
03/31/2020
03/31/2020
Qualifying | Payable Date | ||
Percentage | |||
100.00 | % | - | |
100.00 | - | ||
100.00 | - | ||
100.00 | - | ||
100.00 | - | ||
100.00 | - | ||
100.00 | - | ||
100.00 | - | ||
41.2012/31/2020
17.6612/18/2020
100.00 | - |
100.00 | - |
100.00 | - |
100.00 | - |
100.0012/22/2020
100.00 | - |
39.39 | - |
100.0012/18/2020
100.00-
82.9812/31/2020
95.3811/10/2020
73.18 | - |
100.00 | - |
100.0012/31/2020
7.99-
- Quarterly
June - December
- Quarterly
June - December
Qualifying Percentage
50.13
14.96
100.00
65.00 %
49.17
94.06
45.00
27.15
12.57
2020 Tax Guide | 7 |
SECTION 5
The list below provides corporate shareholders with the percentages of their gross ordinary dividends that qualify for the dividends received deduction for corporations. Only those Funds that appear in this section have distributed income that qualifies for this deduction.
See Footnotes after Section 5.
Dividends Received Deduction for Corporations
Fund Name | Payable Date | |
QS Global Dividend Fund | Quarterly | |
March - September | ||
QS Global Equity Fund | 12/04/2020 | |
QS Growth Fund | 06/18/2020 | |
QS Moderate Growth Fund | 06/18/2020 | |
QS S&P 500 Index Fund | 12/04/2020 | |
QS Strategic Real Return Fund | 12/22/2020 | |
QS U.S. Large Cap Equity Fund | 06/18/2020 | |
QS U.S. Small Capitalization Equity Fund | 06/18/2020 | |
Western Asset Global Corporate Defined | Monthly | |
Opportunity Fund Inc. (GDO) (f) | January - October | |
Western Asset Global High Income Fund Inc. (EHI) | (f) | Monthly |
January - May | ||
Western Asset High Income Fund II Inc. (HIX) (f) | Monthly | |
January - April | ||
Western Asset High Income Opportunity | Monthly | |
Fund Inc. (HIO) (f) | January - September | |
Western Asset High Yield Defined Opportunity | Monthly | |
Fund Inc. (HYI) (f) | January - May | |
Western Asset Investment Grade Income Fund (PAI) | 02/03/2020 | |
Western Asset Investment Grade Defined | Monthly | |
Opportunity Trust Inc. (IGI) | January - December | |
Western Asset Macro Opportunities Fund | 12/22/2020 | |
Western Asset Premier Bond Fund (WEA) | 02/03/2020 | |
Western Asset Short-Term Bond Fund | 01/31/2020 |
Qualifying | Payable Date | |
Percentage | ||
57.32 | % | 12/18/2020 |
100.00 | - | |
6.90 | 12/30/2020 | |
1.03 | 12/30/2020 |
100.0012/22/2020
2.85-
- 12/22/2020
- 12/22/2020
- Monthly
November - December
-
Monthly
June - December
- Monthly
May - December
- Monthly
October - December
-
Monthly
June - December
- Monthly
March - December
4.0912/31/2020
31.39-
3.09Monthly
Feburary - December
0.34Monthly
Feburary - December
Qualifying Percentage
61.73 %
60.06
43.85
100.00
100.00
100.00
5.29
1.30
2.79
1.40
1.31
1.42
1.42
2.79
1.14
Monthly | 1.02 | 12/31/2020 | 2.61 | |||
January - October | ||||||
Western Asset Ultra-Short Income Fund | (d) | |||||
11/30/2020 | 2.54 | - | ||||
Western Asset Variable Rate Strategic | Monthly | 29.22 | - | |||
Fund Inc. (GFY) (f) | January - October | |||||
2020 Tax Guide | 8 |
Footnotes
- Effective July 7, 2020, the Fund changed its name from BranywineGLOBAL - Global Flexible Income Fund.
-
The Fund has made certain reclassifications affecting the tax character of the distributions paid. The Percentage of Income from Federal Obligations is expressed as a percentage of the Ordinary Income per Share after these reclassifications as disclosed in the Fund's Form 8937 - Report of Organizational Actions Affecting the Basis of Securities which may be found in the Tax Center of the Legg Mason website. In order to compute the amount of income from Federal Obligations, a shareholder should multiply the Percentage listed above by the product of the Ordinary Income per share on the Fund's Form 8937 and the number of shares held on the record date
of the distribution. - Effective August 8, 2020, the Fund changed its name from Western Asset SMASh Series EC Fund.
- Effective April 20, 2020, the Fund changed its name from Western Asset Adjustable Rate Income Fund.
- Effective February 1, 2020, the Fund changed its name from RARE Global Infrastructure Income Fund.
-
The Fund has made certain reclassifications affecting the tax character of the distributions paid. The Qualifying Percentage is expressed as a percentage of the Ordinary Income per Share after these reclassifications as disclosed in the Fund's Form 8937 - Report of Organizational Actions Affecting the Basis of Securities which may be found in the Tax Center of the Legg Mason website. In
order to compute the amount of dividends qualfying for the dividends received deduction, a shareholder should multiply the Qualifying Percentage by the product of the Ordinary Income per Share on the Fund's Form 8937 and the number of shares held on the record date of the distribution.
2020 Legg Mason Tax Guide
1-800-822-5544 | At Franklin Templeton, everything we do has a single focus: to deliver better client outcomes. |
•
•
We have deep expertise across equity, fixed income, alternatives, multi-asset solutions and cash strategies.
We offer an unmatched range of specialist investment managers, consisting of more than 1,300 investment professionals.
- We have over 70 years of experience in identifying opportunities and delivering investment solutions to clients.
leggmason.com
Important information
Franklin Resources, Inc., its specialized investment managers and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the "promotion or marketing" of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.
All investments involve risk, including possible loss of principal. Please see the fund prospectus for risk details.
Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. You can find this and other information in each prospectus, or summary prospectus, if available, which is available at www.leggmason.com/individualinvestors. Please read it carefully.
You could lose money by investing in a money market fund. Although certain money market funds seek to preserve the value of your investment at $1.00 per share, they cannot guarantee they will do so. Because the share price of certain money market funds will fluctuate when you sell your shares in those funds, they may be worth less than what you originally paid for them. A money market fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if a fund's liquidity falls below required minimums because of market conditions or other factors. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. A money market fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
The Closed-End Funds are not sold or distributed by Legg Mason Investor Services, LLC ("LMIS") or any affiliate of Franklin Resources, Inc. Shares of the funds are bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges.
© 2021 Legg Mason Investor Services, LLC, member FINRA, SIPC. Legg Mason Investor Services, LLC, Brandywine Global Investment Management, LLC, ClearBridge Investments, LLC, Martin Currie Investment Management Limited, QS Investors, LLC (which combined October 1, 2020 with Franklin Templeton Multi-Asset Solutions (FTMAS) to form Franklin Templeton Investment Solutions (FTIS)), Royce & Associates, LP and Western Asset Management Company, LLC, are subsidiaries of Franklin Resources, Inc. Royce & Associates, LP primarily conducts its business under the name Royce Investment Partners.
Attachments
- Original document
- Permalink
Disclaimer
Western Asset Investment Grade Income Fund Inc. published this content on 29 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2021 17:23:01 UTC.