LWGOX: Western Asset Global High Yield Bond Fund - MutualFunds.com

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Western Asset Global High Yield Bd C

LWGOX - Snapshot

Vitals

  • YTD Return -2.8%
  • 3 Yr Annualized Return 2.3%
  • 5 Yr Annualized Return 5.0%
  • Net Assets $178 M
  • Holdings in Top 10 14.6%

52 WEEK LOW AND HIGH

$6.15
$5.02
$6.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.88%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 70.00%

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 High Yield Bond

Compare LWGOX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$5.83

-0.17%

$27.23 B

5.43%

$0.32

-2.18%

0.23%

$84.12

-0.88%

$25.71 B

5.17%

$4.39

-4.30%

0.49%

$7.49

-0.13%

$24.81 B

5.75%

$0.43

-3.60%

0.60%

$5.32

-0.38%

$19.52 B

6.21%

$0.33

-4.66%

0.80%

$9.70

-0.10%

$16.70 B

6.42%

$0.63

-3.77%

0.72%

LWGOX - Profile

Distributions

  • YTD Total Return -2.8%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.58%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Global High Yield 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
    S. Leech

Fund Description

The fund invests primarily in high yield fixed income securities issued by U.S. and foreign companies and foreign governments and their agencies and instrumentalities. It normally invests at least 80% of its assets in high yield bonds. The fund may invest without limit in foreign securities denominated either in U.S. dollars or foreign currencies and may invest up to 35% of its assets in sovereign debt issued by emerging market governmental issuers. Its investments may be of any maturity or duration.


LWGOX - Performance

Return Ranking - Trailing

Period LWGOX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.8% -52.4% 374.3% 34.31%
1 Yr 3.0% -51.6% 10.0% 23.09%
3 Yr 2.3%* -20.4% 8.3% 78.17%
5 Yr 5.0%* -0.7% 9.5% 64.68%
10 Yr 4.3%* 1.0% 9.4% 92.67%

* Annualized

Return Ranking - Calendar

Period LWGOX Return Category Return Low Category Return High Rank in Category (%)
2019 7.5% -10.3% 226.1% 53.53%
2018 -9.4% -18.4% -0.2% 81.31%
2017 2.4% -9.5% 18.8% 17.80%
2016 8.2% -9.1% 28.6% 31.97%
2015 -12.1% -34.3% 3.5% 82.08%

Total Return Ranking - Trailing

Period LWGOX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.8% -52.4% 374.3% 34.59%
1 Yr 2.0% -51.6% 10.0% 37.10%
3 Yr 2.3%* -20.4% 8.3% 66.67%
5 Yr 5.0%* -1.0% 9.5% 55.73%
10 Yr 4.3%* 1.0% 9.4% 92.06%

* Annualized

Total Return Ranking - Calendar

Period LWGOX Return Category Return Low Category Return High Rank in Category (%)
2019 7.5% -8.1% 23.9% 57.27%
2018 -9.4% -18.4% 1.3% 86.02%
2017 2.4% -8.5% 18.8% 35.61%
2016 8.2% -9.1% 39.0% 46.89%
2015 -12.1% -32.4% 3.5% 83.82%

NAV & Total Return History


LWGOX - Holdings

Concentration Analysis

LWGOX Category Low Category High LWGOX % Rank
Net Assets 178 M 3.48 M 27.2 B 67.40%
Number of Holdings 289 1 2037 58.10%
Net Assets in Top 10 26 M -476 M 2.87 B 65.44%
Weighting of Top 10 14.60% 3.0% 100.0% 35.36%

Top 10 Holdings

  1. CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.5% 1.93%
  2. Teva Pharmaceutical Finance Netherlands III B.V. 2.8% 1.90%
  3. Turkey (Republic of) 4.25% 1.79%
  4. BBVA Bancomer SA Institucion de Banca Multiple Grupo Financiero BBVA Bancom 1.58%
  5. Delta Air Lines Inc 7% 1.47%
  6. Brazil (Federative Republic) 4.25% 1.27%
  7. United States Treasury Notes 1.5% 1.26%
  8. Petrobras Global Finance B.V. 5.75% 1.21%
  9. Teva Pharmaceutical Finance Netherlands III B.V. 3.15% 1.12%
  10. UBS Group AG 7% 1.08%

Asset Allocation

Weighting Return Low Return High LWGOX % Rank
Bonds
95.91% 0.00% 137.50% 36.87%
Convertible Bonds
3.62% 0.00% 19.96% 9.52%
Stocks
0.25% -28.46% 28.23% 40.82%
Cash
0.18% -39.51% 100.00% 88.30%
Other
0.04% -2.78% 58.14% 27.48%
Preferred Stocks
0.00% 0.00% 6.39% 42.86%

Stock Sector Breakdown

Weighting Return Low Return High LWGOX % Rank
Financial Services
82.52% 0.00% 100.00% 5.63%
Consumer Cyclical
13.27% 0.00% 100.00% 23.00%
Energy
4.20% 0.00% 100.00% 46.01%
Utilities
0.00% 0.00% 99.51% 35.21%
Technology
0.00% 0.00% 45.66% 30.99%
Real Estate
0.00% 0.00% 100.00% 22.07%
Industrials
0.00% 0.00% 100.00% 43.43%
Healthcare
0.00% 0.00% 100.00% 39.44%
Communication Services
0.00% 0.00% 100.00% 49.30%
Consumer Defense
0.00% 0.00% 56.08% 13.15%
Basic Materials
0.00% 0.00% 100.00% 30.99%

Stock Geographic Breakdown

Weighting Return Low Return High LWGOX % Rank
US
0.25% -28.07% 19.67% 39.73%
Non US
0.00% -0.39% 13.32% 28.44%

Bond Sector Breakdown

Weighting Return Low Return High LWGOX % Rank
Corporate
71.29% 0.00% 100.00% 93.19%
Government
18.32% 0.00% 71.97% 2.72%
Derivative
7.73% 0.00% 51.02% 5.31%
Cash & Equivalents
1.64% 0.00% 100.00% 78.88%
Securitized
1.02% 0.00% 95.69% 18.66%
Municipal
0.00% 0.00% 16.25% 10.63%

Bond Geographic Breakdown

Weighting Return Low Return High LWGOX % Rank
Non US
51.99% -28.02% 97.08% 1.22%
US
43.92% 0.00% 128.94% 96.46%

LWGOX - Expenses

Operational Fees

LWGOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.88% 0.04% 20.17% 14.62%
Management Fee 0.70% 0.00% 1.84% 80.30%
12b-1 Fee 1.00% 0.00% 1.00% 78.07%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

LWGOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 13.98%

Trading Fees

LWGOX 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.

LWGOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 70.00% 1.00% 349.00% 70.06%

LWGOX - Distributions

Dividend Yield Analysis

LWGOX Category Low Category High LWGOX % Rank
Dividend Yield 0.00% 0.00% 7.18% 12.87%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

LWGOX Category Low Category High LWGOX % Rank
Net Income Ratio 4.58% -0.81% 10.03% 75.48%

Capital Gain Distribution Analysis

LWGOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

LWGOX - Fund Manager Analysis

Managers

S. Leech


Start Date

Tenure

Tenure Rank

Mar 17, 2006

14.55

14.6%

– 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

Michael Buchanan


Start Date

Tenure

Tenure Rank

Mar 17, 2006

14.55

14.6%

– 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

Walter Kilcullen


Start Date

Tenure

Tenure Rank

Sep 01, 2012

8.08

8.1%

Walter E. Kilcullen is Portfolio Manager and Senior Trader with Western Asset Management Company. Prior to joining the Firm in 2002, Mr. Kilcullen was Head High-Yield Trader with Seix Investment Investors. Mr. Kilcullen holds a Bachelor of Arts in Economics from the University of Massachusetts, Amherst.

Ian Edmonds


Start Date

Tenure

Tenure Rank

Sep 01, 2012

8.08

8.1%

– Western Asset Management Company Limited – Portfolio Manager, 1994– – Bacon & Woodrow – Part Qualified Actuary, 1990–1994 – University College, London, B.Sc.

Christopher Kilpatrick


Start Date

Tenure

Tenure Rank

May 01, 2017

3.42

3.4%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 36.13 6.43 1.25