Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-8.8%
1 yr return
0.9%
3 Yr Avg Return
-4.2%
5 Yr Avg Return
-0.4%
Net Assets
$300 M
Holdings in Top 10
39.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.32%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 70.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
$1,000,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
LAOIX - Profile
Distributions
- YTD Total Return -8.8%
- 3 Yr Annualized Total Return -4.2%
- 5 Yr Annualized Total Return -0.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.74%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameWestern Asset Macro Opportunities Fund
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateAug 30, 2013
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPrashant Chandran
Fund Description
• | No more than 75% of the fund’s net assets may be invested in non-dollar denominated securities. |
• | No more than 50% of the fund’s net assets may be invested in un-hedged non-U.S. dollar denominated securities, currency futures, forwards, or options measured at notional value, excluding instruments used for hedging purposes. |
• | No more than 50% of the fund’s net assets may be invested in debt and other fixed income securities rated below the Baa or BBB categories at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations (“NRSROs”) or unrated securities of comparable quality at the time of purchase (as determined by the subadvisers). Securities rated below investment grade (i.e., securities rated below the Baa/BBB categories) are commonly known as “junk bonds” or “high yield securities.” |
• | No more than 50% of the fund’s net assets may be invested in securities of issuers in emerging markets. |
LAOIX - Performance
Return Ranking - Trailing
Period | LAOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -8.8% | -13.2% | 8.9% | 99.38% |
1 Yr | 0.9% | -10.4% | 25.6% | 90.40% |
3 Yr | -4.2%* | -17.4% | 18.0% | 92.37% |
5 Yr | -0.4%* | -13.5% | 14.7% | 86.98% |
10 Yr | 2.1%* | -13.6% | 6.5% | 52.82% |
* Annualized
Return Ranking - Calendar
Period | LAOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.7% | -12.0% | 15.7% | 0.31% |
2022 | -21.1% | -31.8% | 18.4% | 94.45% |
2021 | -3.0% | -26.6% | 25.7% | 75.29% |
2020 | 6.8% | -49.2% | 18.7% | 8.17% |
2019 | 5.3% | -35.1% | 15.3% | 40.46% |
Total Return Ranking - Trailing
Period | LAOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -8.8% | -13.2% | 8.9% | 99.38% |
1 Yr | 0.9% | -10.4% | 25.6% | 90.40% |
3 Yr | -4.2%* | -17.4% | 18.0% | 92.37% |
5 Yr | -0.4%* | -13.5% | 14.7% | 86.98% |
10 Yr | 2.1%* | -13.6% | 6.5% | 52.82% |
* Annualized
Total Return Ranking - Calendar
Period | LAOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.1% | -7.0% | 22.2% | 1.39% |
2022 | -21.1% | -31.8% | 21.1% | 96.99% |
2021 | -0.4% | -13.5% | 49.9% | 82.32% |
2020 | 6.8% | -28.6% | 24.1% | 37.12% |
2019 | 16.7% | -4.8% | 19.1% | 1.15% |
NAV & Total Return History
LAOIX - Holdings
Concentration Analysis
LAOIX | Category Low | Category High | LAOIX % Rank | |
---|---|---|---|---|
Net Assets | 300 M | 2.53 M | 143 B | 62.99% |
Number of Holdings | 313 | 4 | 9868 | 61.80% |
Net Assets in Top 10 | 129 M | -1.57 B | 65.8 B | 54.19% |
Weighting of Top 10 | 39.47% | 0.7% | 170.6% | 29.88% |
Top 10 Holdings
- Mexican Bonos 5.47%
- United States Treasury Note/Bond 5.40%
- IRS USD 4.88%
- Inter-American Development Bank 4.52%
- Republic of Poland Government Bond 4.18%
- US TREASURY LONG BOND 3.47%
- United States Treasury Note/Bond 3.34%
- Republic of South Africa Government Bond 2.83%
- Indonesia Treasury Bond 2.77%
- Indonesia Treasury Bond 2.60%
Asset Allocation
Weighting | Return Low | Return High | LAOIX % Rank | |
---|---|---|---|---|
Bonds | 94.93% | -150.81% | 203.29% | 31.05% |
Other | 12.72% | -62.91% | 100.00% | 21.77% |
Convertible Bonds | 1.68% | 0.00% | 33.50% | 43.91% |
Cash | 0.34% | -94.66% | 258.91% | 87.21% |
Stocks | 0.09% | -1.60% | 99.88% | 62.40% |
Preferred Stocks | 0.00% | 0.00% | 30.46% | 83.41% |
Stock Sector Breakdown
Weighting | Return Low | Return High | LAOIX % Rank | |
---|---|---|---|---|
Financial Services | 68.77% | 0.00% | 100.00% | 11.24% |
Energy | 31.23% | 0.00% | 100.00% | 32.02% |
Utilities | 0.00% | 0.00% | 100.00% | 84.27% |
Technology | 0.00% | 0.00% | 28.30% | 82.02% |
Real Estate | 0.00% | 0.00% | 100.00% | 82.58% |
Industrials | 0.00% | 0.00% | 100.00% | 85.67% |
Healthcare | 0.00% | 0.00% | 18.60% | 82.58% |
Communication Services | 0.00% | 0.00% | 100.00% | 84.83% |
Consumer Defense | 0.00% | 0.00% | 99.97% | 81.74% |
Consumer Cyclical | 0.00% | 0.00% | 89.95% | 83.43% |
Basic Materials | 0.00% | 0.00% | 100.00% | 83.71% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | LAOIX % Rank | |
---|---|---|---|---|
US | 0.09% | -1.47% | 99.88% | 58.75% |
Non US | 0.00% | -0.13% | 17.73% | 76.86% |
Bond Sector Breakdown
Weighting | Return Low | Return High | LAOIX % Rank | |
---|---|---|---|---|
Government | 23.06% | 0.00% | 99.43% | 25.75% |
Corporate | 16.55% | 0.00% | 96.66% | 73.31% |
Derivative | 12.06% | -62.91% | 37.37% | 2.14% |
Securitized | 4.90% | 0.00% | 99.65% | 75.82% |
Cash & Equivalents | 0.34% | 0.00% | 88.14% | 82.29% |
Municipal | 0.20% | 0.00% | 54.26% | 30.30% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | LAOIX % Rank | |
---|---|---|---|---|
US | 62.13% | -151.11% | 203.29% | 70.02% |
Non US | 32.80% | 0.00% | 67.77% | 10.50% |
LAOIX - Expenses
Operational Fees
LAOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.32% | 0.01% | 20.67% | 44.31% |
Management Fee | 1.15% | 0.00% | 2.29% | 89.27% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
LAOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
LAOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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.
LAOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 70.00% | 0.00% | 632.00% | 41.91% |
LAOIX - Distributions
Dividend Yield Analysis
LAOIX | Category Low | Category High | LAOIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.38% | 0.00% | 23.30% | 96.23% |
Dividend Distribution Analysis
LAOIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Monthly | Monthly |
Net Income Ratio Analysis
LAOIX | Category Low | Category High | LAOIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.74% | -1.55% | 11.51% | 57.96% |
Capital Gain Distribution Analysis
LAOIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 15, 2023 | $0.036 | OrdinaryDividend |
Dec 22, 2021 | $0.306 | OrdinaryDividend |
Dec 22, 2020 | $0.006 | OrdinaryDividend |
Dec 19, 2018 | $0.285 | OrdinaryDividend |
Dec 20, 2017 | $0.385 | OrdinaryDividend |
Dec 21, 2016 | $0.195 | OrdinaryDividend |
Dec 22, 2015 | $0.313 | OrdinaryDividend |
Dec 23, 2014 | $0.260 | OrdinaryDividend |
Dec 26, 2013 | $0.101 | OrdinaryDividend |
LAOIX - Fund Manager Analysis
Managers
Prashant Chandran
Start Date
Tenure
Tenure Rank
Aug 30, 2013
8.76
8.8%
– Western Asset Management Company, LLC – Portfolio Manager, 2007- – Tahoma Capital – 2005-2007 – Western Asset Management Company – Research Analyst, 2005 – Microsoft Corporation – Director, Capital Markets, 1999-2005 – University of Chicago, Graduate School of Business, M.B.A – University of Toledo, M.Sc. – Indian Institute of Technology, Bombay, B.Sc. – Chartered Financial Analyst
S. Leech
Start Date
Tenure
Tenure Rank
Aug 30, 2013
8.76
8.8%
– Western Asset Management Company, LLC – Chief Investment Officer, 1990– – Greenwich Capital Markets – Portfolio Manager, 1988–1990 – The First Boston Corporation – Fixed Income Manager, 1980–1988 – National Bank of Detroit – Portfolio Manager, 1977–1980 – The Wharton School, University of Pennsylvania, M.B.A., B.S., B.A., summa cum laude, 1972–1976
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |