NEW YORK--(BUSINESS WIRE)--Western Asset Variable Rate Strategic Fund Inc. (NYSE:GFY) announces its portfolio composition as of June 30, 2015. Investment Objective: The Fund’s investment objective is to maintain a high level of current income. Portfolio Composition*: Asset Allocation Mortgage-Backed Securities 55.5% Non-Agency MBS 42.7% GNMA 6.2% Agency Hybrids 1.7% FNMA 2.6% CMBS 2.3% Investment Grade Corporate Bonds 21.1% Asset-Backed Securities 7.4% Emerging Market Debt 7.3% Sovereig
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