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LWCPX Western Asset Core Plus Bond C1

  • Fund
  • LWCPX
  • Price as of: Aug 16, 2019
  • $12.10 + $0.01 + 0.08%
  • Category
  • Total Bond Market

LWCPX - Profile

Vitals

  • YTD Return 8.0%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return 0.8%
  • Net Assets $27.8 B
  • Holdings in Top 10 14.2%

52 WEEK LOW AND HIGH

$12.10
$10.97
$12.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.19%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 105.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 8.0%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.75%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Western Asset Core Plus Bond Fund
  • Fund Family Name Legg Mason
  • Inception Date Oct 04, 2012
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Mark S. Lindbloom

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.

LWCPX - Performance

Return Ranking - Trailing

Period LWCPX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -3.8% 13.0% 5.72%
1 Yr 6.8% -10.0% 8.4% 3.47%
3 Yr 0.4%* -4.2% 4.6% 25.10%
5 Yr 0.8%* -8.5% 23.6% 8.09%
10 Yr N/A* -7.3% 26.2% N/A

* Annualized


Return Ranking - Calendar

Period LWCPX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.3% -22.2% 3.1% 83.98%
2017 3.6% -5.1% 25.1% 6.13%
2016 -0.1% -8.5% 192.8% 76.92%
2015 -1.7% -33.0% 3.0% 33.26%
2014 4.0% -29.8% 32.1% 6.17%

Total Return Ranking - Trailing

Period LWCPX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -3.8% 13.0% 6.73%
1 Yr 6.8% -10.0% 9.9% 8.79%
3 Yr 0.9%* -4.2% 6.8% 25.45%
5 Yr 1.1%* -8.2% 28.6% 23.03%
10 Yr N/A* -7.3% 26.4% N/A

* Annualized


Total Return Ranking - Calendar

Period LWCPX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.9% -22.2% 7.9% 84.39%
2017 3.7% -4.6% 25.1% 16.72%
2016 0.9% -4.1% 204.3% 51.88%
2015 -1.7% -32.4% 4.2% 47.14%
2014 4.0% -29.8% 32.1% 17.01%

NAV & Total Return History

LWCPX - Holdings

Concentration Analysis

LWCPX Category Low Category High LWCPX % Rank
Net Assets 27.8 B 330 K 229 B 5.11%
Number of Holdings 2484 3 17343 5.11%
Net Assets in Top 10 3.33 B -28.8 B 32.2 B 6.93%
Weighting of Top 10 14.23% 4.0% 1674.7% 78.14%

Top 10 Holdings

  1. United States Treasury Bonds 2.88% 2.10%

  2. Government National Mortgage Association 3.5% 1.98%

  3. United States Treasury Bonds 3% 1.95%

  4. United States Treasury Bonds 3.75% 1.86%

  5. United States Treasury Bonds 2.75% 1.47%

  6. Fx Fut Mexican Peso Fut Sep19 0.99%

  7. Fx Fut Mexican Peso Fut Sep19 0.99%

  8. United States Treasury Bonds 2.5% 0.98%

  9. Federal National Mortgage Association 3.5% 0.96%

  10. Government National Mortgage Association 4.5% 0.95%


Asset Allocation

Weighting Return Low Return High LWCPX % Rank
Bonds
97.51% 0.00% 394.27% 30.33%
Cash
1.31% -539.21% 70.47% 70.14%
Convertible Bonds
1.06% 0.00% 18.42% 35.78%
Preferred Stocks
0.07% 0.00% 20.33% 23.67%
Stocks
0.06% -3.42% 96.77% 17.48%
Other
0.00% -98.58% 236.55% 33.96%

Stock Sector Breakdown

Weighting Return Low Return High LWCPX % Rank
Consumer Cyclical
0.06% -0.18% 9.63% 14.66%
Utilities
0.00% -0.05% 8.49% 34.73%
Technology
0.00% -0.35% 12.99% 29.06%
Real Estate
0.00% -0.04% 11.09% 29.68%
Industrials
0.00% -0.15% 12.95% 35.47%
Healthcare
0.00% -0.20% 10.55% 30.05%
Financial Services
0.00% -0.01% 19.01% 36.95%
Energy
0.00% 0.00% 11.26% 44.58%
Communication Services
0.00% -0.05% 4.01% 32.02%
Consumer Defense
0.00% -0.18% 10.56% 25.62%
Basic Materials
0.00% 0.00% 7.19% 30.67%

Stock Geographic Breakdown

Weighting Return Low Return High LWCPX % Rank
US
0.06% -4.95% 59.49% 15.00%
Non US
0.00% -0.18% 91.88% 28.18%

Bond Sector Breakdown

Weighting Return Low Return High LWCPX % Rank
Securitized
41.18% 0.00% 103.00% 31.00%
Corporate
33.96% 0.00% 127.23% 49.83%
Government
23.28% -74.72% 316.66% 44.25%
Derivative
0.34% -234.33% 48.69% 11.90%
Municipal
0.00% 0.00% 102.07% 65.84%
Cash & Equivalents
-1.10% -532.79% 70.33% 82.52%

Bond Geographic Breakdown

Weighting Return Low Return High LWCPX % Rank
US
80.86% 0.00% 219.16% 58.84%
Non US
16.65% -41.14% 244.34% 25.22%

LWCPX - Expenses

Operational Fees

LWCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.19% 0.00% 38.42% 26.73%
Management Fee 0.40% 0.00% 2.15% 50.10%
12b-1 Fee 0.70% 0.00% 1.00% 76.20%
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

LWCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.15% 5.50% 27.27%

Trading Fees

LWCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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.

LWCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 105.00% 0.00% 2337.00% 56.70%

LWCPX - Distributions

Dividend Yield Analysis

LWCPX Category Low Category High LWCPX % Rank
Dividend Yield 1.63% 0.00% 8.86% 54.00%

Dividend Distribution Analysis

LWCPX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

LWCPX Category Low Category High LWCPX % Rank
Net Income Ratio 2.75% -2.82% 7.22% 38.11%

Capital Gain Distribution Analysis

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

LWCPX - Managers

Mark S. Lindbloom

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2006

12.59

12.6%

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

Tenure

Tenure Rank

Aug 19, 2013

5.95

6.0%

S. Kenneth Leech serves as Chairman of Western Asset's Global Investment Strategy Committee, oversees the Legg Mason's Global Bond Portfolios and leads the US Broad Strategy Committee. His 39 year money management career has emphasised fixed-income strategy and interst-rates analaysis. from 2002 to 2004, He served as a member of the US Treasury Borrowing Committee. He has been with Western Asset since 1990.


Julien A. Scholnick

Manager

Start Date

Tenure

Tenure Rank

May 01, 2016

3.25

3.3%

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


Frederick R. Marki

Manager

Start Date

Tenure

Tenure Rank

May 01, 2018

1.25

1.3%

Frederick R. Marki is a Portfolio manager of Western since 2005. He began his investment career in 1983 and has a BS from the Massachusetts Institute of Technology. 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.


John L. Bellows

Manager

Start Date

Tenure

Tenure Rank

May 01, 2018

1.25

1.3%

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

0.0

Category High

30.51

Category Average

6.95

Category Mode

7.12