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Name

As of 12/20/2024

Price

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

Western Asset Intermediate Bond Fund

WABSX | Fund

$9.59

$710 M

4.02%

$0.39

0.45%

Vitals

YTD Return

2.9%

1 yr return

2.9%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

0.4%

Net Assets

$710 M

Holdings in Top 10

16.7%

52 WEEK LOW AND HIGH

$9.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.45%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 60.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/20/2024

Price

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

Western Asset Intermediate Bond Fund

WABSX | Fund

$9.59

$710 M

4.02%

$0.39

0.45%

WABSX - Profile

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.92%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Intermediate Bond Fund
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    Oct 06, 2008
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Julien Scholnick

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 debt and fixed income securities of any maturity, under normal market conditions, the target dollar-weighted average effective duration for the fund, as estimated by the fund’s subadviser, is expected to range within 20% of the duration of its benchmark, the Bloomberg Intermediate U.S. Government/Credit Index. Effective duration seeks to measure the expected sensitivity of market price to changes in interest rates, taking into account the anticipated effects of particular features of a security (for example, some bonds can be prepaid by the issuer).
The fund presently intends to limit its investments to U.S. dollar denominated securities and currently anticipates that it will only purchase debt securities that are rated in the Baa or BBB categories or above at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations (“NRSROs”) or unrated securities of comparable quality at the time of purchase (as determined by the subadviser). These securities are known as “investment grade securities.” The fund may invest up to 25% of its total assets in the securities of non-U.S. issuers. The fund intends to invest a substantial portion of its assets in mortgage-backed and asset-backed securities.
The fund may also enter into various exchange-traded and over-the-counter derivative transactions for both hedging and non-hedging purposes, including for purposes of enhancing returns. These derivative transactions include, but are not limited to, bond and interest rate futures, options on bonds and swaps, options on bond and interest rate futures, futures, options and swaps.
In particular, the fund may use interest rate swaps, credit default swaps (including buying and selling credit default swaps on individual securities and/or baskets of securities), options (including options on credit default swaps), and/or futures contracts (including options on futures contracts) to a significant extent, although the amounts invested in these instruments may change from time to time. Other instruments may also be used to a significant extent from time to time.
Read More

WABSX - Performance

Return Ranking - Trailing

Period WABSX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -7.5% 11.4% 16.60%
1 Yr 2.9% -6.5% 14.2% 19.61%
3 Yr -1.2%* -10.6% 27.3% 10.13%
5 Yr 0.4%* -7.5% 58.4% 26.38%
10 Yr 1.8%* -3.0% 73.7% 20.31%

* Annualized

Return Ranking - Calendar

Period WABSX Return Category Return Low Category Return High Rank in Category (%)
2023 2.2% -16.2% 8.1% 43.35%
2022 -13.6% -34.7% 131.9% 7.98%
2021 -3.9% -11.6% 4.4% 76.64%
2020 2.2% -9.9% 946.1% 83.66%
2019 4.6% -1.7% 16.9% 75.63%

Total Return Ranking - Trailing

Period WABSX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -7.5% 11.4% 16.60%
1 Yr 2.9% -6.5% 14.2% 19.61%
3 Yr -1.2%* -10.6% 27.3% 10.13%
5 Yr 0.4%* -7.5% 58.4% 26.38%
10 Yr 1.8%* -3.0% 73.7% 20.31%

* Annualized

Total Return Ranking - Calendar

Period WABSX Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% -11.3% 11.9% 45.01%
2022 -11.2% -32.2% 131.9% 7.45%
2021 -1.6% -9.4% 9.2% 71.52%
2020 7.7% -1.9% 1009.0% 65.36%
2019 8.2% 1.1% 21668.0% 69.39%

NAV & Total Return History

WABSX - Holdings

Concentration Analysis

WABSX Category Low Category High WABSX % Rank
Net Assets 710 M 2.9 M 314 B 60.14%
Number of Holdings 947 1 17880 43.46%
Net Assets in Top 10 101 M 1.62 M 35.1 B 72.30%
Weighting of Top 10 16.72% 4.7% 3984.6% 77.29%

Top 10 Holdings

  1. United States Treasury Note/Bond 4.19%
  2. United States Treasury Note/Bond 2.87%
  3. United States Treasury Note/Bond 1.79%
  4. United States Treasury Note/Bond 1.64%
  5. United States Treasury Note/Bond 1.51%
  6. United States Treasury Note/Bond 1.32%
  7. United States Treasury Note/Bond 1.04%
  8. United States Treasury Note/Bond 0.84%
  9. United States Treasury Note/Bond 0.79%
  10. United States Treasury Note/Bond 0.73%

Asset Allocation

Weighting Return Low Return High WABSX % Rank
Bonds 		94.18% 0.00% 9231.88% 55.28%
Other 		3.20% -27.25% 1695.17% 57.57%
Cash 		2.62% -54.51% 237.69% 53.63%
Convertible Bonds 		2.28% 0.00% 7.93% 21.73%
Stocks 		0.00% 0.00% 99.98% 63.15%
Preferred Stocks 		0.00% 0.00% 72.34% 58.51%

Bond Sector Breakdown

Weighting Return Low Return High WABSX % Rank
Government 		39.72% 0.00% 86.23% 18.50%
Corporate 		37.35% 0.00% 100.00% 29.26%
Securitized 		20.21% 0.00% 98.40% 81.40%
Derivative 		0.37% -6.56% 44.82% 16.08%
Cash & Equivalents 		0.12% 0.00% 237.69% 85.17%
Municipal 		0.03% 0.00% 100.00% 71.06%

Bond Geographic Breakdown

Weighting Return Low Return High WABSX % Rank
US 		94.18% 0.00% 9042.62% 49.17%
Non US 		0.00% 0.00% 189.26% 65.15%

WABSX - Expenses

Operational Fees

WABSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.01% 39.64% 77.35%
Management Fee 0.40% 0.00% 1.76% 66.35%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

WABSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

WABSX 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.

WABSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 60.00% 2.00% 493.39% 24.24%

WABSX - Distributions

Dividend Yield Analysis

WABSX Category Low Category High WABSX % Rank
Dividend Yield 4.02% 0.00% 10.11% 59.32%

Dividend Distribution Analysis

WABSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

WABSX Category Low Category High WABSX % Rank
Net Income Ratio 1.92% -1.28% 4.79% 36.32%

Capital Gain Distribution Analysis

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

Distributions History

View More +

WABSX - Fund Manager Analysis

Managers

Julien Scholnick

Start Date

Tenure

Tenure Rank

Jul 06, 2009

12.91

12.9%

– Western Asset Management Company, LLC – Portfolio Manager, 2003- – Salomon Smith Barney – Associate, Private Client Group, 2000-2001 – Digital Coast Partners – Senior Analyst, 1999-2000 – Arthur Andersen, LLP – Senior Analyst, 1997-1999 – Cornell University, M.B.A. – University of California, Los Angeles, B.A., magna cum laude – Chartered Financial Analyst

S. Leech

Start Date

Tenure

Tenure Rank

Mar 31, 2014

8.17

8.2%

– 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

Mark Lindbloom

Start Date

Tenure

Tenure Rank

Sep 28, 2018

3.67

3.7%

– Western Asset Management Company, LLC – Portfolio Manager, 2005- – Citigroup Asset Management – Portfolio Manager, 1986-2005 – Brown Brothers Harriman & Co. – Portfolio Manager, 1981-1986 – New York Life Ins. – Analyst, 1978-1980 – Pace University, M.B.A. – Rider University, B.S.

John Bellows

Start Date

Tenure

Tenure Rank

Sep 28, 2018

3.67

3.7%

– Western Asset Management Company, LLC – Portfolio Manager, 2012- – U.S. Department of the Treasury – Acting Assistant Secretary for Economic Policy; Deputy Assistant Secretary for Microeconomic Analysis; Senior Advisor in the Office of Economic Policy, 2009-2011 – University of California, Berkeley, PhD Economics – Dartmouth College, B.A. Economics, magna cum laude – Chartered Financial Analyst

Frederick Marki

Start Date

Tenure

Tenure Rank

Sep 28, 2018

3.67

3.7%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

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