Western Asset Variable Rate Strategic
Name
As of 11/20/2020Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-8.3%
1 yr return
-2.7%
3 Yr Avg Return
1.6%
5 Yr Avg Return
4.0%
Net Assets
$76.5 M
Holdings in Top 10
98.0%
52 WEEK LOW AND HIGH
$16.3
$14.33
$17.87
Expenses
OPERATING FEES
Expense Ratio 2.12%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 21.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 11/20/2020Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
XGFYX - Profile
Distributions
- YTD Total Return -8.3%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 4.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.52%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Variable Rate Strategic Fund Inc
-
Fund Family NameLegg Mason
-
Inception DateOct 27, 2004
-
Shares Outstanding4668407
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerS. Leech
Fund Description
XGFYX - Performance
Return Ranking - Trailing
| Period | XGFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -8.3% | -39.7% | 308.9% | 92.85% |
| 1 Yr | -2.7% | -30.8% | 18.8% | 85.20% |
| 3 Yr | 1.6%* | -12.3% | 7.8% | 77.14% |
| 5 Yr | 4.0%* | -15.6% | 10.7% | 43.06% |
| 10 Yr | 4.5%* | -1.7% | 11.6% | 27.76% |
* Annualized
Return Ranking - Calendar
| Period | XGFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.9% | -35.1% | 15.3% | 85.71% |
| 2022 | -3.8% | -48.0% | 3.1% | 26.61% |
| 2021 | 4.7% | -14.8% | 11.2% | 8.55% |
| 2020 | 1.0% | -11.2% | 10.7% | 76.25% |
| 2019 | -5.6% | -51.1% | 4.8% | 58.81% |
Total Return Ranking - Trailing
| Period | XGFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -8.3% | -39.7% | 308.9% | 92.85% |
| 1 Yr | -2.7% | -33.3% | 18.8% | 79.58% |
| 3 Yr | 1.6%* | -14.0% | 7.8% | 72.38% |
| 5 Yr | 4.0%* | -16.6% | 10.7% | 38.37% |
| 10 Yr | 4.5%* | -1.7% | 11.6% | 26.18% |
* Annualized
Total Return Ranking - Calendar
| Period | XGFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.9% | -35.1% | 15.3% | 86.65% |
| 2022 | -3.8% | -48.0% | 8.0% | 49.83% |
| 2021 | 4.7% | -14.8% | 15.2% | 27.45% |
| 2020 | 1.0% | -11.2% | 17.7% | 82.63% |
| 2019 | -5.6% | -51.1% | 5.4% | 67.62% |
NAV & Total Return History
XGFYX - Holdings
Concentration Analysis
| XGFYX | Category Low | Category High | XGFYX % Rank | |
|---|---|---|---|---|
| Net Assets | 76.5 M | 1.11 M | 125 B | 82.45% |
| Number of Holdings | 42 | 3 | 7722 | 87.74% |
| Net Assets in Top 10 | 75.9 M | -3.27 B | 29.7 B | 47.77% |
| Weighting of Top 10 | 98.02% | 4.9% | 100.0% | 4.27% |
Top 10 Holdings
- Dreyfus Government Cash Mgmt Instl 97.71%
- Wachovia Capital Trust III 5.57% 2.35%
- JPMorgan Chase & Co DR 1.75%
- State Street Corporation Deposit Shs Repr 1/4000th Non-Cum Perp Pfd Shs Ser 1.74%
- Bank of New York Mellon Corp Pfd 1.73%
- Banc America Fdg 2015-R3 0.31% 1.71%
- M&T Bank Corp Non-Cum Perp Pfd Shs Series -E- 1.63%
- Ms Resec Tr 2015-R2 2.21% 1.44%
- Rasc Ser 2006-Ks2 0.58% 1.42%
- General Motors Financial Company Inc 4.25% 1.39%
Asset Allocation
| Weighting | Return Low | Return High | XGFYX % Rank | |
|---|---|---|---|---|
| Cash | 99.69% | -229.11% | 362.75% | 2.37% |
| Bonds | 0.31% | -262.75% | 322.42% | 96.68% |
| Stocks | 0.00% | -65.68% | 166.80% | 83.10% |
| Preferred Stocks | 0.00% | 0.00% | 28.10% | 78.97% |
| Other | 0.00% | -25.82% | 100.67% | 68.66% |
| Convertible Bonds | 0.00% | 0.00% | 160.39% | 92.90% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | XGFYX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 95.73% | 0.00% | 100.00% | 0.70% |
| Derivative | 3.97% | 0.00% | 68.37% | 28.41% |
| Corporate | 0.29% | 0.00% | 99.15% | 91.23% |
| Securitized | 0.01% | 0.00% | 98.91% | 90.95% |
| Municipal | 0.00% | 0.00% | 41.64% | 74.79% |
| Government | 0.00% | 0.00% | 98.23% | 95.54% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | XGFYX % Rank | |
|---|---|---|---|---|
| US | 0.31% | -262.75% | 231.38% | 96.66% |
| Non US | 0.00% | -91.99% | 135.29% | 96.10% |
XGFYX - Expenses
Operational Fees
| XGFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.12% | 0.01% | 24.26% | 17.10% |
| Management Fee | 0.75% | 0.00% | 2.25% | 73.91% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
| XGFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 6.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| XGFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.40% | 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.
| XGFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 21.00% | 0.00% | 493.00% | 7.57% |
XGFYX - Distributions
Dividend Yield Analysis
| XGFYX | Category Low | Category High | XGFYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.12% | 63.49% |
Dividend Distribution Analysis
| XGFYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| XGFYX | Category Low | Category High | XGFYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.52% | -1.55% | 18.14% | 17.00% |
Capital Gain Distribution Analysis
| XGFYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 01, 2019 | $0.078 | |
| Mar 01, 2019 | $0.078 | |
| Feb 01, 2019 | $0.078 | |
| Dec 31, 2018 | $0.078 | |
| Dec 03, 2018 | $0.078 | |
| Nov 01, 2018 | $0.078 | |
| Oct 01, 2018 | $0.078 | |
| Sep 04, 2018 | $0.078 | |
| Aug 01, 2018 | $0.078 | |
| Jul 02, 2018 | $0.078 | |
| Jun 01, 2018 | $0.078 | |
| May 01, 2018 | $0.078 | |
| Apr 02, 2018 | $0.078 | |
| Mar 01, 2018 | $0.078 | |
| Feb 01, 2018 | $0.078 | |
| Dec 29, 2017 | $0.078 | |
| Dec 01, 2017 | $0.078 | |
| Nov 01, 2017 | $0.078 | |
| Oct 02, 2017 | $0.078 | |
| Sep 01, 2017 | $0.078 | |
| Aug 01, 2017 | $0.078 | |
| Jul 03, 2017 | $0.078 | |
| Jun 01, 2017 | $0.078 | |
| May 01, 2017 | $0.078 | |
| Apr 03, 2017 | $0.078 | |
| Feb 24, 2017 | $0.078 | |
| Jan 27, 2017 | $0.078 | |
| Dec 30, 2016 | $0.078 | |
| Nov 25, 2016 | $0.078 | |
| Oct 28, 2016 | $0.078 | |
| Sep 30, 2016 | $0.078 | |
| Aug 26, 2016 | $0.078 | |
| Jul 29, 2016 | $0.078 | |
| Jun 24, 2016 | $0.078 | |
| May 27, 2016 | $0.078 | |
| Apr 29, 2016 | $0.078 | |
| Mar 24, 2016 | $0.078 | |
| Feb 26, 2016 | $0.078 | |
| Jan 29, 2016 | $0.078 | |
| Dec 24, 2015 | $0.078 | |
| Nov 27, 2015 | $0.078 | |
| Oct 30, 2015 | $0.078 | |
| Sep 25, 2015 | $0.078 | |
| Aug 28, 2015 | $0.073 | |
| Jul 31, 2015 | $0.073 | |
| Jun 26, 2015 | $0.073 | |
| May 29, 2015 | $0.073 | |
| Apr 24, 2015 | $0.073 | |
| Mar 27, 2015 | $0.073 | |
| Feb 27, 2015 | $0.073 | |
| Jan 30, 2015 | $0.073 | |
| Dec 26, 2014 | $0.073 | |
| Nov 28, 2014 | $0.073 | |
| Oct 31, 2014 | $0.073 | |
| Sep 26, 2014 | $0.073 | |
| Aug 29, 2014 | $0.073 | |
| Jul 25, 2014 | $0.073 | |
| Jun 27, 2014 | $0.073 | |
| May 30, 2014 | $0.073 | |
| Apr 25, 2014 | $0.073 | |
| Mar 28, 2014 | $0.073 | |
| Feb 28, 2014 | $0.073 | |
| Jan 31, 2014 | $0.073 | |
| Dec 27, 2013 | $0.073 | |
| Nov 29, 2013 | $0.073 | |
| Oct 25, 2013 | $0.073 | |
| Sep 27, 2013 | $0.073 | |
| Aug 30, 2013 | $0.073 | |
| Jul 26, 2013 | $0.073 | |
| Jun 28, 2013 | $0.073 | |
| May 31, 2013 | $0.073 | |
| Apr 26, 2013 | $0.073 | |
| Mar 22, 2013 | $0.073 | |
| Feb 22, 2013 | $0.073 | |
| Jan 25, 2013 | $0.073 | |
| Dec 21, 2012 | $0.073 | |
| Nov 30, 2012 | $0.073 | |
| Oct 26, 2012 | $0.073 | |
| Sep 28, 2012 | $0.073 | |
| Aug 31, 2012 | $0.070 | |
| Jul 27, 2012 | $0.070 | |
| Jun 29, 2012 | $0.070 | |
| May 25, 2012 | $0.067 | |
| Apr 27, 2012 | $0.067 | |
| Mar 30, 2012 | $0.067 | |
| Feb 24, 2012 | $0.065 | |
| Jan 27, 2012 | $0.065 | |
| Dec 23, 2011 | $0.065 | |
| Nov 25, 2011 | $0.063 | |
| Oct 28, 2011 | $0.063 | |
| Sep 30, 2011 | $0.063 | |
| Aug 26, 2011 | $0.058 | |
| Jul 29, 2011 | $0.058 | |
| Jun 24, 2011 | $0.058 | |
| May 27, 2011 | $0.056 | |
| Apr 29, 2011 | $0.056 | |
| Mar 25, 2011 | $0.056 | |
| Feb 25, 2011 | $0.056 | |
| Jan 28, 2011 | $0.056 | |
| Nov 26, 2010 | $0.056 | |
| Oct 29, 2010 | $0.056 | |
| Sep 24, 2010 | $0.056 | |
| Aug 27, 2010 | $0.056 | |
| Jul 30, 2010 | $0.056 | |
| Jun 25, 2010 | $0.056 | |
| May 28, 2010 | $0.056 | |
| Apr 30, 2010 | $0.056 | |
| Mar 26, 2010 | $0.056 | |
| Feb 26, 2010 | $0.056 | |
| Jan 29, 2010 | $0.056 | |
| Dec 28, 2009 | $0.056 | |
| Nov 27, 2009 | $0.056 | |
| Oct 30, 2009 | $0.056 | |
| Sep 25, 2009 | $0.005 | |
| Aug 28, 2009 | $0.056 | |
| Jul 31, 2009 | $0.056 | |
| Jun 26, 2009 | $0.056 | |
| May 29, 2009 | $0.056 | |
| Apr 24, 2009 | $0.056 | |
| Mar 27, 2009 | $0.066 | |
| Feb 27, 2009 | $0.066 | |
| Jan 30, 2009 | $0.066 | |
| Dec 26, 2008 | $0.066 | |
| Nov 28, 2008 | $0.066 | |
| Oct 31, 2008 | $0.066 | |
| Oct 01, 2008 | $0.071 | |
| Aug 29, 2008 | $0.095 | |
| Jul 25, 2008 | $0.095 | |
| Jun 27, 2008 | $0.095 | |
| May 30, 2008 | $0.095 | |
| Apr 25, 2008 | $0.095 | |
| Mar 28, 2008 | $0.095 | |
| Feb 29, 2008 | $0.095 | |
| Jan 25, 2008 | $0.095 | |
| Dec 28, 2007 | $0.095 | |
| Nov 30, 2007 | $0.095 | |
| Oct 26, 2007 | $0.095 | |
| Oct 01, 2007 | $0.095 | |
| Aug 31, 2007 | $0.098 | |
| Jul 27, 2007 | $0.098 | |
| Jun 29, 2007 | $0.098 | |
| May 25, 2007 | $0.100 | |
| Apr 27, 2007 | $0.100 | |
| Mar 30, 2007 | $0.100 | |
| Feb 23, 2007 | $0.103 | |
| Jan 26, 2007 | $0.103 |
XGFYX - Fund Manager Analysis
Managers
S. Leech
Start Date
Tenure
Tenure Rank
Mar 31, 2014
6.59
6.6%
– 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
John Bellows
Start Date
Tenure
Tenure Rank
Jun 12, 2016
4.39
4.4%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.03 | 29.48 | 5.39 | 1.84 |