WACPX: Western Asset Core Plus Bond Fund - MutualFunds.com

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WACPX - Snapshot

Vitals

  • YTD Return 5.7%
  • 3 Yr Annualized Return 5.5%
  • 5 Yr Annualized Return 5.4%
  • Net Assets $36.8 B
  • Holdings in Top 10 18.5%

52 WEEK LOW AND HIGH

$12.62
$10.88
$12.65

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 122.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Compare WACPX to Popular U.S. Intermediate-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$88.37

+0.22%

$293.42 B

2.30%

$2.03

5.52%

-

$11.64

+0.26%

$293.42 B

-

$0.02

5.34%

-

$11.56

+0.26%

$204.55 B

2.26%

$0.26

5.00%

-

$11.69

+0.17%

$89.02 B

1.50%

$0.17

6.86%

-

$118.26

+0.17%

$81.57 B

2.23%

$2.64

5.24%

-

WACPX - Profile

Distributions

  • YTD Total Return 5.7%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.36%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Core Plus Bond Fund
  • Fund Family Name
    Legg Mason
  • Inception Date
    Jul 08, 1998
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark 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.


WACPX - Performance

Return Ranking - Trailing

Period WACPX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -8.0% 953.8% 43.79%
1 Yr 6.0% -4.8% 16.6% 51.23%
3 Yr 5.5%* 0.9% 8.1% 13.51%
5 Yr 5.4%* 1.0% 7.9% 3.25%
10 Yr 4.9%* 1.3% 7.5% 3.59%

* Annualized

Return Ranking - Calendar

Period WACPX Return Category Return Low Category Return High Rank in Category (%)
2019 6.8% -1.7% 13.9% 13.56%
2018 -5.3% -10.3% 2.7% 95.23%
2017 3.6% -49.5% 8.1% 1.86%
2016 0.0% -49.3% 192.8% 71.30%
2015 -1.8% -12.2% 0.2% 19.05%

Total Return Ranking - Trailing

Period WACPX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -8.0% 953.8% 43.69%
1 Yr 6.0% -7.9% 16.6% 43.40%
3 Yr 5.5%* 0.4% 8.1% 12.96%
5 Yr 5.4%* 0.7% 7.9% 3.04%
10 Yr 4.9%* 1.3% 7.5% 3.24%

* Annualized

Total Return Ranking - Calendar

Period WACPX Return Category Return Low Category Return High Rank in Category (%)
2019 6.8% -1.7% 13.9% 15.35%
2018 -5.3% -10.3% 3.9% 95.66%
2017 3.6% -6.0% 8.4% 16.28%
2016 0.0% -5.7% 204.3% 81.98%
2015 -1.8% -12.2% 3.7% 38.52%

NAV & Total Return History


WACPX - Holdings

Concentration Analysis

WACPX Category Low Category High WACPX % Rank
Net Assets 36.8 B 3.15 M 293 B 5.64%
Number of Holdings 2803 1 18468 10.34%
Net Assets in Top 10 6.71 B -1.17 B 39.4 B 6.05%
Weighting of Top 10 18.45% 3.1% 100.0% 71.47%

Top 10 Holdings

  1. Western Asset Prem Instl Govtt Rsrv Pref 3.05%
  2. United States Treasury Notes 0.25% 2.79%
  3. Federal National Mortgage Association 2% 1.93%
  4. United States Treasury Bonds 2.88% 1.92%
  5. United States Treasury Bills 0% 1.83%
  6. United States Treasury Bonds 1.25% 1.75%
  7. United States Treasury Notes 0.25% 1.61%
  8. Federal National Mortgage Association 2% 1.41%
  9. United States Treasury Bonds 1% 1.40%
  10. United States Treasury Notes 0.5% 1.36%

Asset Allocation

Weighting Return Low Return High WACPX % Rank
Bonds
99.25% -56.20% 351.52% 18.51%
Convertible Bonds
1.81% 0.00% 11.80% 26.54%
Other
0.02% -14.22% 7.23% 11.73%
Stocks
0.00% -0.16% 10.12% 85.21%
Preferred Stocks
0.00% 0.00% 80.56% 90.69%
Cash
-1.08% -238.91% 164.87% 83.61%

Bond Sector Breakdown

Weighting Return Low Return High WACPX % Rank
Corporate
31.13% 0.00% 100.00% 52.98%
Government
22.89% 0.00% 89.39% 41.25%
Securitized
21.27% 0.00% 98.42% 80.07%
Derivative
20.39% 0.00% 23.62% 0.93%
Cash & Equivalents
4.28% 0.00% 91.85% 60.71%
Municipal
0.03% 0.00% 87.98% 73.74%

Bond Geographic Breakdown

Weighting Return Low Return High WACPX % Rank
US
80.24% -56.44% 336.16% 66.20%
Non US
19.01% -144.79% 79.88% 9.50%

WACPX - Expenses

Operational Fees

WACPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.01% 21.33% 73.44%
Management Fee 0.40% 0.00% 0.85% 66.39%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

WACPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

WACPX 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.

WACPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 122.00% 3.00% 489.00% 53.61%

WACPX - Distributions

Dividend Yield Analysis

WACPX Category Low Category High WACPX % Rank
Dividend Yield 0.00% 0.00% 3.92% 86.31%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

WACPX Category Low Category High WACPX % Rank
Net Income Ratio 3.36% -0.35% 11.28% 6.82%

Capital Gain Distribution Analysis

WACPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Daily

Dividend Payout History

View More +

WACPX - Fund Manager Analysis

Managers

Mark Lindbloom


Start Date

Tenure

Tenure Rank

Dec 31, 2006

13.84

13.8%

– 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.

S. Leech


Start Date

Tenure

Tenure Rank

Aug 19, 2013

7.21

7.2%

– 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

Julien Scholnick


Start Date

Tenure

Tenure Rank

May 01, 2016

4.5

4.5%

Julien Scholnick is the portfolio manager of Western Asset Management Company. Mr. Scholnick joined the firm in 2003.

John Bellows


Start Date

Tenure

Tenure Rank

May 01, 2018

2.5

2.5%

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.

Frederick Marki


Start Date

Tenure

Tenure Rank

May 01, 2018

2.5

2.5%

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
0.04 31.85 6.97 1.34
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