Western Asset/Claymore U.S. Treasury Inflation Protected Securities Fund 2 operates as a diversified, closed-end management investment company. It primarily invests in corporate bonds and notes, asset-backed securities, and Yankee bonds. The fund's portfolio of investments primarily include investments in electric; food, beverage, and tobacco; gas and pipeline; utilities; health care; and oil and gas sectors. Western Asset Management Company serves as the investment manager of the fund. The fund was founded in 2003 and is based in Pasadena, California.