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WACPX Western Asset Core Plus Bond I

  • Fund
  • WACPX
  • Price as of: May 21, 2018
  • $11.28
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

WACPX - Profile

Vitals

  • YTD Return -4.7%
  • 3 Yr Annualized Return 2.9%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $23.3 B
  • Holdings in Top 10 43.1%

52 WEEK LOW AND HIGH

$11.28
$11.27
$12.02

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 94.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

$1,000,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return -4.7%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.03%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Western Asset Core Plus Bond Fund
  • Fund Family Name Legg Mason
  • Inception Date Jul 08, 1998
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Carl L. Eichstaedt

Fund Description

The fund invests in a portfolio of fixed income securities of various maturities and, under normal market conditions, will invest at least 80% of its net assets in debt and fixed income securities. Although the fund may invest in securities of any maturity, it will normally maintain a dollar-weighted average effective duration within 30% of the average duration of the domestic bond market as a whole as estimated by the fund's subadvisers. The fund may invest up to 20% of its total assets in non-U.S. dollar denominated securities.

WACPX - Performance

Return Ranking - Trailing

Period WACPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -4.7% -19.6% 14.2% 66.84% 5
1 Yr 1.6% -15.5% 21.5% 25.32% 2
3 Yr 2.9% * -6.1% 10.2% 10.67% 1
5 Yr 3.1% * -2.8% 14.8% 6.80% 1
10 Yr 5.7% * -0.7% 9.0% 4.12% 1

* Annualized


Return Ranking - Calendar

Period WACPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 3.6% -10.9% 25.1% 4.94% 1
2016 0.0% -11.1% 192.8% 44.02% 4
2015 -1.8% -33.0% 5.1% 23.84% 2
2014 4.0% -24.1% 20.8% 4.01% 1
2013 -4.1% -13.1% 40.4% 44.68% 4

Total Return Ranking - Trailing

Period WACPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -4.7% -19.6% 14.2% 66.60% 5
1 Yr 1.6% -15.5% 21.5% 19.72% 1
3 Yr 2.9% * -7.0% 10.2% 9.78% 1
5 Yr 3.1% * -3.7% 14.8% 6.25% 1
10 Yr 5.7% * -0.8% 9.0% 3.81% 1

* Annualized


Total Return Ranking - Calendar

Period WACPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 3.6% -9.5% 25.1% 5.15% 1
2016 0.0% -11.1% 195.3% 54.52% 4
2015 -1.8% -32.5% 16.5% 44.09% 3
2014 4.0% -9.9% 58.5% 19.88% 2
2013 -4.1% -12.9% 58.3% 62.53% 5

NAV & Total Return History

WACPX - Holdings

Filings data as of: Mar 31, 2018

Concentration Analysis

WACPX Category Low Category High WACPX % Rank Quintile
Net Assets 23.3 B 319 K 197 B 1.58% 1
Number of Holdings 2083 1 17493 1.73% 1
Net Assets in Top 10 4.63 B -36 B 52.1 B 1.53% 1
Weighting of Top 10 43.1% 0.0% 1442.4% 10.17% 2

Top 10 Holdings

  1. Ir Swap 1d-Fedl01 35.525 Bps 9.30%
  2. Ir Swap 3m-Libor-Bba 9.30%
  3. United States Treasury Bonds 3.75% 5.81%
  4. Federal National Mortgage Association 4.5% 3.84%
  5. United States Treasury Bonds 3% 3.31%
  6. Government National Mortgage Association 4.5% 3.04%
  7. United States Treasury Bonds 3% 2.75%
  8. Fx Fut Mexican Peso Fut Jun18 2.23%
  9. Fx Fut Mexican Peso Fut Jun18 2.23%
  10. Federal National Mortgage Association 3% 1.34%

Asset Allocation

Weighting Category Low Category High WACPX % Rank Quintile
Bonds
99.56% -175.98% 562.01% 3.46% 1
Other
2.43% -29.60% 99.99% 5.80% 1
Preferred Stocks
0.13% 0.00% 23.25% 5.95% 2
Convertible Bonds
0.05% 0.00% 13.10% 7.22% 2
Stocks
0.03% -7.04% 97.70% 5.54% 2
Cash
-2.21% -461.99% 275.92% 27.37% 5

Stock Sector Breakdown

Weighting Category Low Category High WACPX % Rank Quintile
Utilities
0.00% -0.05% 8.23% 5.39% 2
Technology
0.00% -1.56% 21.00% 5.01% 1
Real Estate
0.00% -0.15% 17.59% 4.82% 2
Industrials
0.00% -0.11% 10.23% 5.97% 2
Healthcare
0.00% -0.69% 12.57% 4.62% 2
Financial Services
0.00% -0.36% 20.51% 7.51% 2
Energy
0.00% -0.88% 9.99% 6.07% 2
Communication Services
0.00% -0.07% 6.04% 4.43% 2
Consumer Defense
0.00% -0.17% 12.27% 4.53% 1
Consumer Cyclical
0.00% -0.36% 14.14% 5.88% 2
Basic Materials
0.00% -0.43% 18.59% 4.53% 2

Stock Geographic Breakdown

Weighting Category Low Category High WACPX % Rank Quintile
US
0.03% -14.91% 93.10% 5.24% 2
Non US
0.00% -0.82% 95.93% 3.05% 1

Bond Sector Breakdown

Weighting Category Low Category High WACPX % Rank Quintile
Securitized
39.87% 0.00% 118.59% 8.85% 2
Corporate
34.52% 0.00% 221.70% 17.29% 3
Government
26.15% -389.49% 503.27% 12.82% 2
Municipal
0.00% 0.00% 103.97% 12.97% 4
Derivative
-0.06% -105.94% 282.21% 3.81% 5
Cash & Equivalents
-2.95% -462.00% 275.92% 27.57% 5

Bond Geographic Breakdown

Weighting Category Low Category High WACPX % Rank Quintile
US
84.89% -370.09% 500.82% 12.46% 2
Non US
14.67% -171.42% 411.09% 12.51% 2

WACPX - Expenses

Operational Fees

WACPX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.52% 0.00% 44.72% 11.67% 1
Management Fee 0.40% 0.00% 2.15% 2.90% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

WACPX Fees (% of AUM) Category Low Category High WACPX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

WACPX Fees (% of AUM) Category Low Category High WACPX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

WACPX Fees (% of AUM) Category Low Category High WACPX Rank Quintile
Turnover 94.00% 0.00% 1576.00% 10.33% 3

WACPX - Distributions

Dividend Yield Analysis

WACPX Category Low Category High WACPX % Rank Quintile
Dividend Yield 0.4% 0.00% 1.35% 8.03% 1

Dividend Distribution Analysis

WACPX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

WACPX Category Low Category High WACPX % Rank Quintile
Net Income Ratio 3.03% -1.56% 9.28% 8.25% 1

Capital Gain Distribution Analysis

WACPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

WACPX - Managers

Carl L. Eichstaedt

Manager

Start Date

Jul 08, 1998

Tenure

19.82

Tenure Rank

0.6%

Eichstaedt is portfolio manager with Western Asset Management, his employer since 1994. Prior to joining the firm, he was a portfolio manager for Harris Investment Management. He was also a portfolio manager with Pacific Investment Management from 1992-1993. From 1990-1992, he was director of fixed income at Security Pacific Investment Managers. He has over 22 years of investment experience. He has a BS from the University of Illinois and an MBA from Kellogg Graduate School of Management at Northwestern University. Eichstaedt holds the Chartered Financial Analyst designation.


Mark S. Lindbloom

Manager

Start Date

Dec 31, 2006

Tenure

11.34

Tenure Rank

2.4%

Lindbloom joined Western Asset in 2005 as a portfolio manager. Prior to Western Asset, he worked for Citigroup Asset Management as a portfolio manager from 1986 to 2005; Brown Brothers Harriman Co. as a portfolio manager from 1981 to 1986 and The New York Life Insurance Company as an analyst from 1979 to 1981. He has over 30 years of investment experience. He has a BS from Rider University and an MBA from Pace University.


S. Kenneth Leech

Manager

Start Date

Aug 19, 2013

Tenure

4.7

Tenure Rank

6.4%

S. Kenneth Leech is the Chief Investment Officer of Western Asset. He has been with Western Asset since 1990.


Julien A. Scholnick

Manager

Start Date

May 01, 2016

Tenure

2.0

Tenure Rank

8.5%

Julien Scholnick is the portfolio manager of Western Asset Management Company. And has been employed by Western Asset as an investment professional and has been Portfolio Managers for Western for more than five years


John L. Bellows

Manager

Start Date

May 01, 2018

Tenure

0.0

Tenure Rank

10.2%

John L. Bellows, PhD, Portfolio Manager/Research Assistant, has been employed by Western Asset as an investment professional since 2012. From 2009 to 2011, he was employed by the U.S. Department of the Treasury as Acting Assistant Secretary for Economic Policy, Deputy Assistant Secretary for Microeconomic Analysis and Senior Advisor in the Office of Economic Policy.


Frederick R. Marki

Manager

Start Date

May 01, 2018

Tenure

0.0

Tenure Rank

10.2%

Marki joined Western Asset in 2006. Prior to this, Marki was a director of Citigroup Asset Management and investment officer of the manager. and its predecessor companies.


Tenure Analysis

Category Low

0.0

Category High

29.4

Category Average

6.42

Category Mode

3.3