Legg Mason, Inc. announced that, it has launched its first actively managed taxable fixed-income ETF, sub-advised by Western Asset Management Company, LLC, a Legg Mason affiliate and globally integrated fixed-income manager. The Western Asset Total Return ETF seeks to maximize total return consistent with prudent investment management and liquidity needs. The performance of the fund is benchmarked against the Bloomberg Barclays U.S. Aggregate Index. The investment team leverages Western Asset Management's global investment capabilities and strong risk management program, employing an active process that is both top-down and bottom-up to identify attractive investment opportunities. Active management of duration, sector and security selection offers greater flexibility to respond to dynamic market conditions.

The portfolio managers of the Western Asset Total Return ETF are Kenneth Leech, Mark S. Lindbloom, Julien A. Scholnick, Frederick R. Marki and John L. Bellows.