Western Asset Middle Market Debt
Name
As of 12/18/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-11.6%
1 yr return
-4.3%
3 Yr Avg Return
1.8%
5 Yr Avg Return
5.4%
Net Assets
$N/A
Holdings in Top 10
31.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.58%
SALES FEES
Front Load 2.50%
Deferred Load N/A
TRADING FEES
Turnover 33.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$25
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 12/18/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XWAMX - Profile
Distributions
- YTD Total Return -11.6%
- 3 Yr Annualized Total Return 1.0%
- 5 Yr Annualized Total Return 4.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 8.97%
- Dividend Yield 7.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameWestern Asset Middle Market Debt Fund Inc.
-
Fund Family NameFranklin Templeton Investments
-
Inception DateDec 20, 2012
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerStephen Walsh
Fund Description
XWAMX - Performance
Return Ranking - Trailing
| Period | XWAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -11.6% | -47.8% | 396.2% | 98.46% |
| 1 Yr | -4.3% | -46.4% | 14.4% | 98.62% |
| 3 Yr | 1.8%* | -16.8% | 9.7% | 96.56% |
| 5 Yr | 5.4%* | 0.2% | 11.2% | 77.90% |
| 10 Yr | N/A* | 1.3% | 9.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | XWAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.5% | -10.3% | 226.1% | 96.12% |
| 2022 | -7.4% | -18.4% | -0.2% | 28.12% |
| 2021 | -6.3% | -9.5% | 18.8% | 99.67% |
| 2020 | 10.3% | -9.1% | 28.6% | 7.12% |
| 2019 | -22.3% | -34.3% | 3.5% | 98.46% |
Total Return Ranking - Trailing
| Period | XWAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -11.6% | -47.8% | 396.2% | 98.46% |
| 1 Yr | -6.7% | -46.4% | 14.4% | 98.76% |
| 3 Yr | 1.0%* | -16.8% | 9.7% | 97.12% |
| 5 Yr | 4.9%* | -0.4% | 11.2% | 84.45% |
| 10 Yr | N/A* | 1.3% | 9.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | XWAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.5% | -8.1% | 23.9% | 96.26% |
| 2022 | -7.4% | -18.4% | 1.3% | 41.95% |
| 2021 | -6.3% | -8.5% | 18.8% | 99.83% |
| 2020 | 10.3% | -9.1% | 39.0% | 22.24% |
| 2019 | -22.3% | -32.4% | 3.5% | 98.65% |
NAV & Total Return History
XWAMX - Holdings
Concentration Analysis
| XWAMX | Category Low | Category High | XWAMX % Rank | |
|---|---|---|---|---|
| Net Assets | N/A | 25 | 28.4 B | N/A |
| Number of Holdings | 88 | 1 | 2239 | 92.87% |
| Net Assets in Top 10 | 14.3 M | -492 M | 3.1 B | 78.87% |
| Weighting of Top 10 | 31.05% | 3.4% | 100.0% | 7.93% |
Top 10 Holdings
- Pershing Credit Agreement Loan 12.05%
- Pershing Credit Agreement Loan 12.05%
- Pershing Credit Agreement Loan 12.05%
- Pershing Credit Agreement Loan 12.05%
- Pershing Credit Agreement Loan 12.05%
- Pershing Credit Agreement Loan 12.05%
- Pershing Credit Agreement Loan 12.05%
- Pershing Credit Agreement Loan 12.05%
- Pershing Credit Agreement Loan 12.05%
- Pershing Credit Agreement Loan 12.05%
Asset Allocation
| Weighting | Return Low | Return High | XWAMX % Rank | |
|---|---|---|---|---|
| Bonds | 82.12% | 0.00% | 145.56% | 92.87% |
| Cash | 16.76% | -48.94% | 100.00% | 2.29% |
| Stocks | 0.78% | -28.46% | 30.63% | 29.88% |
| Preferred Stocks | 0.35% | 0.00% | 12.73% | 28.26% |
| Other | 0.00% | -50.78% | 52.10% | 80.35% |
| Convertible Bonds | 0.00% | 0.00% | 18.92% | 96.10% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | XWAMX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 99.51% | 75.85% |
| Technology | 0.00% | 0.00% | 46.57% | 76.69% |
| Real Estate | 0.00% | 0.00% | 100.00% | 73.73% |
| Industrials | 0.00% | 0.00% | 100.00% | 79.66% |
| Healthcare | 0.00% | 0.00% | 100.00% | 78.39% |
| Financial Services | 0.00% | 0.00% | 100.00% | 77.12% |
| Energy | 0.00% | 0.00% | 100.00% | 1.27% |
| Communication Services | 0.00% | 0.00% | 100.00% | 76.27% |
| Consumer Defense | 0.00% | 0.00% | 52.26% | 74.58% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 82.20% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 75.85% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | XWAMX % Rank | |
|---|---|---|---|---|
| US | 0.78% | -28.07% | 19.67% | 28.40% |
| Non US | 0.00% | -0.39% | 14.70% | 77.93% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | XWAMX % Rank | |
|---|---|---|---|---|
| Corporate | 83.03% | 0.00% | 100.00% | 89.08% |
| Cash & Equivalents | 16.12% | 0.00% | 100.00% | 2.56% |
| Derivative | 0.85% | 0.00% | 51.02% | 10.51% |
| Securitized | 0.00% | 0.00% | 93.21% | 87.33% |
| Municipal | 0.00% | 0.00% | 16.25% | 71.43% |
| Government | 0.00% | 0.00% | 74.11% | 82.75% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | XWAMX % Rank | |
|---|---|---|---|---|
| US | 72.76% | 0.00% | 126.71% | 76.04% |
| Non US | 9.36% | -27.38% | 96.40% | 84.93% |
XWAMX - Expenses
Operational Fees
| XWAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.58% | 0.04% | 20.43% | 26.32% |
| Management Fee | 1.25% | 0.00% | 1.84% | 98.51% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| XWAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 2.50% | 2.00% | 5.75% | 88.10% |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| XWAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| XWAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 33.00% | 1.00% | 349.00% | 14.83% |
XWAMX - Distributions
Dividend Yield Analysis
| XWAMX | Category Low | Category High | XWAMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 7.87% | 0.00% | 5.60% | 72.08% |
Dividend Distribution Analysis
| XWAMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| XWAMX | Category Low | Category High | XWAMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 8.97% | -0.81% | 10.93% | 0.69% |
Capital Gain Distribution Analysis
| XWAMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 01, 2019 | $15.600 | |
| Oct 01, 2018 | $17.340 | |
| Jul 02, 2018 | $17.360 | |
| Apr 02, 2018 | $17.180 | |
| Dec 29, 2017 | $17.950 | |
| Oct 02, 2017 | $18.500 | |
| Jul 03, 2017 | $22.000 | |
| Apr 03, 2017 | $22.000 | |
| Dec 30, 2016 | $22.000 | |
| Sep 30, 2016 | $22.000 | |
| Jun 24, 2016 | $22.000 | |
| Mar 24, 2016 | $22.000 | |
| Dec 24, 2015 | $22.000 | |
| Sep 25, 2015 | $22.000 | |
| Jun 26, 2015 | $22.000 | |
| Mar 27, 2015 | $22.000 | |
| Sep 26, 2014 | $20.750 | |
| Jun 27, 2014 | $20.750 | |
| Mar 28, 2014 | $20.750 | |
| Sep 27, 2013 | $20.000 | |
| Jun 28, 2013 | $17.500 | |
| Mar 28, 2013 | $5.000 |
XWAMX - Fund Manager Analysis
Managers
Stephen Walsh
Start Date
Tenure
Tenure Rank
Dec 20, 2012
7.95
8.0%
Walsh is a chief investment officer of Western Asset Management Company since September 2008. Prior to joining Western in 1990, he was a portfolio manager at Security Pacific Investment Managers from 1989 to 1991. Prior to that, Walsh was a portfolio manager at Atlantic Richfield Company from 1981 to 1988. He has over 27 years of investment experience
Christopher Jacobs
Start Date
Tenure
Tenure Rank
Dec 20, 2012
7.95
8.0%
Christopher Kilpatrick
Start Date
Tenure
Tenure Rank
Dec 20, 2012
7.95
8.0%
Mr. Christopher F. Kilpatrick serves as a Research Analyst and Portfolio Manager of Western Asset Management Company. Mr. Kilpatrick joined Western Asset Management Company in 2003.
Michael Buchanan
Start Date
Tenure
Tenure Rank
Dec 20, 2012
7.95
8.0%
– Western Asset Management Company, LLC – Deputy Chief Investment Officer, 2005– – Credit Suisse Asset Management – Managing Director, Head of U.S. Credit Products, 2003–2005 – Janus Capital Management – Executive Vice President, Portfolio Manager, 2003 – BlackRock Financial Management – Managing Director, Portfolio Manager, 1998–2003 – Conseco Capital Management – Vice President, Portfolio Manager, 1990–1998 – Brown University, B.A. – Chartered Financial Analyst
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 36.3 | 6.57 | 1.42 |