GFY: Western Asset Variable Rate Strategic Fund Inc. - Summary | Jitta

Western Asset Variable Rate Strategic Fund Inc.

NYSE:GFY

Notice
Stock data is unavailable or the company’s delisted.
Price
$16.29
Loss Chance
54.3%
2.77JITTA SCORE
318.32%Over Jitta Line
Jitta Ranking
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HISTORICAL JITTA SCORE
Related
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Jitta Factors
Growth Opportunity (16)
Recent Business Performance (33)
Financial Strength (65)
Return to Shareholders (4)
Competitive Advantage (18)
Jitta Signs
Debt LevelLow Long Term Debt
CapExVery Low
Cash Conversion CycleLess than 30 days
Revenue and EarningRevenue decline from 2017-2020
Recent Business PerformanceEarning decline 13.92% in the last year
SG&A to SalesIncreasing
Key Stats
Jitta Score
Jitta Line
2.77
318.32%
n/a
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COMPANY DESCRIPTION
Western Asset Variable Rate Strategic Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. The fund invests in the fixed income markets across the globe. It seeks to invest in variable rate investment grade securities, including U.S. and non-U.S. investment grade and high yield debt, senior loans, emerging markets debt and derivatives related to these securities. The fund seeks to maintain an average duration of around one to two years with an average credit quality of BBB+. It benchmarks the performance of its portfolio against the Merrill Lynch Constant Maturity 3-Month LIBOR Index. The fund was formerly known as Salomon Brothers Variable Rate Strategic Fund Inc. Western Asset Variable Rate Strategic Fund Inc. was formed on August 3, 2004 and is domiciled in the United States.