LWBOX: Western Asset Corporate Bond Fund - MutualFunds.com

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Western Asset Corporate Bond C

LWBOX - Snapshot

Vitals

  • YTD Return 3.9%
  • 3 Yr Annualized Return 5.1%
  • 5 Yr Annualized Return 5.7%
  • Net Assets $995 M
  • Holdings in Top 10 9.3%

52 WEEK LOW AND HIGH

$13.38
$10.92
$13.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.59%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 84.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Corporate Bond

Compare LWBOX to Popular Corporate Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$134.62

+0.25%

$55.20 B

3.13%

$4.21

5.20%

0.14%

$95.82

+0.09%

$40.70 B

3.21%

$3.08

4.92%

0.05%

$31.88

+0.16%

$40.70 B

3.22%

$1.02

5.04%

0.05%

$10.60

+0.09%

$35.96 B

2.91%

$0.31

5.47%

0.20%

$11.05

+0.27%

$19.78 B

3.89%

$0.43

1.19%

0.85%

LWBOX - Profile

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 5.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.74%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Corporate Bond Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Aug 01, 2012
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ryan Brist

Fund Description

Under normal circumstances, the fund invests at least 80% of its assets in corporate debt securities and at least 80% of its assets in "investment grade" debt securities. It may invest up to 25% of its assets in non-U.S. dollar denominated fixed income securities of foreign issuers. The advisor intends to invest not more than 10% of the fund's assets in non-U.S. dollar denominated fixed income securities of foreign issuers for which the fund has not implemented a currency hedge. The fund may invest in securities of any maturity or duration.


LWBOX - Performance

Return Ranking - Trailing

Period LWBOX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -15.4% 9.4% 62.50%
1 Yr 7.4% -5.8% 12.6% 58.99%
3 Yr 5.1%* -1.2% 7.8% 78.82%
5 Yr 5.7%* 2.6% 7.8% 61.45%
10 Yr 5.0%* 2.2% 7.9% 57.78%

* Annualized

Return Ranking - Calendar

Period LWBOX Return Category Return Low Category Return High Rank in Category (%)
2019 10.1% -3.9% 14.2% 45.50%
2018 -7.2% -52.7% 0.3% 85.50%
2017 3.5% -3.5% 6.1% 9.82%
2016 3.9% -0.7% 35.8% 34.53%
2015 -4.9% -11.7% 1.3% 52.85%

Total Return Ranking - Trailing

Period LWBOX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -15.4% 9.4% 62.50%
1 Yr 6.4% -5.8% 12.6% 62.67%
3 Yr 5.1%* -1.2% 7.8% 67.49%
5 Yr 5.7%* 2.6% 7.8% 54.19%
10 Yr 5.0%* 2.2% 7.9% 51.11%

* Annualized

Total Return Ranking - Calendar

Period LWBOX Return Category Return Low Category Return High Rank in Category (%)
2019 10.1% -3.9% 14.2% 48.57%
2018 -7.2% -14.6% 92.1% 90.00%
2017 3.5% -3.5% 7.2% 25.77%
2016 3.9% -0.7% 35.8% 48.92%
2015 -4.9% -11.7% 3.1% 63.41%

NAV & Total Return History


LWBOX - Holdings

Concentration Analysis

LWBOX Category Low Category High LWBOX % Rank
Net Assets 995 M 7.34 M 55.2 B 43.95%
Number of Holdings 766 4 7554 27.73%
Net Assets in Top 10 92.8 M -25.3 M 3.55 B 48.18%
Weighting of Top 10 9.31% 2.1% 100.0% 80.00%

Top 10 Holdings

  1. United States Treasury Bonds 1.38% 1.71%
  2. General Electric Company 6.88% 1.13%
  3. Teva Pharmaceutical Finance Netherlands III B.V. 2.2% 1.00%
  4. NatWest Group plc 8.62% 0.89%
  5. UniCredit S.p.A. 6.57% 0.87%
  6. Barclays Bank plc 10.18% 0.81%
  7. AbbVie Inc. 2.6% 0.80%
  8. Danske Bank A/S 5% 0.74%
  9. Broadcom Inc 5% 0.68%
  10. Barclays PLC 6.12% 0.68%

Asset Allocation

Weighting Return Low Return High LWBOX % Rank
Bonds
92.15% 24.75% 128.14% 71.82%
Convertible Bonds
8.23% 0.00% 70.11% 2.27%
Preferred Stocks
0.03% 0.00% 31.40% 33.18%
Stocks
0.00% 0.00% 1.76% 67.27%
Other
0.00% -0.84% 5.68% 64.55%
Cash
-0.41% -40.73% 17.31% 90.91%

Bond Sector Breakdown

Weighting Return Low Return High LWBOX % Rank
Corporate
92.26% 43.34% 99.92% 39.55%
Government
4.72% 0.00% 33.61% 50.00%
Securitized
1.03% 0.00% 42.90% 31.82%
Cash & Equivalents
0.92% 0.00% 17.97% 79.09%
Municipal
0.55% 0.00% 2.73% 25.00%
Derivative
0.53% 0.00% 16.45% 10.45%

Bond Geographic Breakdown

Weighting Return Low Return High LWBOX % Rank
US
68.13% 21.89% 102.65% 95.45%
Non US
24.02% 0.00% 41.66% 8.64%

LWBOX - Expenses

Operational Fees

LWBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.59% 0.03% 8.55% 17.37%
Management Fee 0.45% 0.00% 1.35% 70.54%
12b-1 Fee 1.00% 0.00% 1.00% 92.38%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

LWBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load 1.00% 1.00% 5.50% 69.23%

Trading Fees

LWBOX 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.

LWBOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 84.00% 2.00% 232.00% 63.51%

LWBOX - Distributions

Dividend Yield Analysis

LWBOX Category Low Category High LWBOX % Rank
Dividend Yield 0.00% 0.00% 4.79% 64.29%

Dividend Distribution Analysis

LWBOX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

LWBOX Category Low Category High LWBOX % Rank
Net Income Ratio 2.74% 0.96% 8.62% 73.85%

Capital Gain Distribution Analysis

LWBOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

LWBOX - Fund Manager Analysis

Managers

Ryan Brist


Start Date

Tenure

Tenure Rank

Apr 30, 2010

10.43

10.4%

Ryan K. Brist has been the Head of U.S. Investment Grade Credit of Western Asset Management since 2009. Prior to that time, he is the chief investment officer and senior portfolio manager for Logan Circle Partners. Prior to joining Logan Circle Partners, he was co-head of the fixed income department at Delaware Investments where he oversaw the fixed income investment process, and was primarily responsible for the total return-based products. Prior to joining Delaware Investments, he was a member of the portfolio management team that managed Conseco Capital Management’s investment grade core and core plus products for five years. He previously worked in investment banking as an analyst for Dean Witter Reynolds in New York. Mr. Brist holds a bachelor’s degree in finance from Indiana University.

Michael Buchanan


Start Date

Tenure

Tenure Rank

Sep 01, 2012

8.08

8.1%

– 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

S. Leech


Start Date

Tenure

Tenure Rank

Mar 31, 2014

6.51

6.5%

– 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
0.02 23.09 5.67 0.75