Western Asset Core Plus Bond I
- WACPX
- Price as of: Jul 30, 2021
-
$12.23
N/A N/A
- Primary Theme
- U.S. Intermediate-Term Bond Duration
- Fund Company
- Franklin Templeton
- Share Class
WACPX - Snapshot
Vitals
- YTD Return -2.6%
- 3 Yr Annualized Return 6.9%
- 5 Yr Annualized Return 4.8%
- Net Assets $41.9 B
- Holdings in Top 10 16.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.45%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 95.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000,000
- IRA $1,000,000
Fund Classification
-
Primary Theme
U.S. Intermediate-Term Bond Duration
- Fund Type Open End Mutual Fund
- Investment Style Intermediate Core-Plus Bond
WACPX - Profile
Distributions
- YTD Total Return -2.6%
- 3 Yr Annualized Total Return 6.9%
- 5 Yr Annualized Total Return 4.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.49%
- Dividend Yield 2.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Core Plus Bond Fund
-
Fund Family NameLegg Mason
-
Inception DateJul 08, 1998
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMark 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 | -2.6% | -83.5% | 1380.0% | 94.54% |
| 1 Yr | 3.1% | -9.0% | 21.3% | 26.11% |
| 3 Yr | 6.9%* | 0.2% | 10.6% | 8.12% |
| 5 Yr | 4.8%* | 0.8% | 7.7% | 6.76% |
| 10 Yr | 4.9%* | 1.1% | 8.1% | 5.73% |
* Annualized
Return Ranking - Calendar
| Period | WACPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 4.9% | -82.5% | 1027.9% | 31.29% |
| 2019 | 6.8% | -20.8% | 23.0% | 13.84% |
| 2018 | -5.3% | -12.9% | 2.7% | 94.09% |
| 2017 | 3.6% | -49.5% | 14.3% | 2.53% |
| 2016 | 0.0% | -49.3% | 192.8% | 68.86% |
Total Return Ranking - Trailing
| Period | WACPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.6% | -83.5% | 1378.2% | 94.54% |
| 1 Yr | 3.1% | -11.8% | 21.3% | 20.32% |
| 3 Yr | 6.9%* | -0.8% | 10.6% | 7.53% |
| 5 Yr | 4.8%* | 0.6% | 7.7% | 5.75% |
| 10 Yr | 4.9%* | 1.1% | 8.1% | 5.40% |
* Annualized
Total Return Ranking - Calendar
| Period | WACPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 4.9% | -82.5% | 1027.9% | 31.29% |
| 2019 | 6.8% | -20.8% | 23.0% | 15.64% |
| 2018 | -5.3% | -12.9% | 3.9% | 94.52% |
| 2017 | 3.6% | -6.0% | 17.4% | 16.34% |
| 2016 | 0.0% | -7.0% | 204.3% | 79.62% |
NAV & Total Return History
WACPX - Holdings
Concentration Analysis
| WACPX | Category Low | Category High | WACPX % Rank | |
|---|---|---|---|---|
| Net Assets | 41.9 B | 3.2 M | 312 B | 5.37% |
| Number of Holdings | 2976 | 1 | 18622 | 8.24% |
| Net Assets in Top 10 | 6.88 B | -1.14 B | 45.3 B | 7.06% |
| Weighting of Top 10 | 16.63% | 3.5% | 100.0% | 80.09% |
Top 10 Holdings
- United States Treasury Notes 1.25% 2.56%
- Federal National Mortgage Association 2% 2.34%
- United States Treasury Notes 0.25% 2.21%
- Federal National Mortgage Association 2% 1.93%
- United States Treasury Bonds 1.38% 1.90%
- United States Treasury Bonds 1.25% 1.88%
- United States Treasury Bills 0% 1.83%
- Western Asset Prem Instl Govtt Rsrv Pref 1.60%
- United States Treasury Bonds 2.88% 1.49%
- United States Treasury Bonds 1.88% 1.46%
Asset Allocation
| Weighting | Return Low | Return High | WACPX % Rank | |
|---|---|---|---|---|
| Bonds | 98.78% | -51.48% | 176.88% | 20.90% |
| Convertible Bonds | 1.48% | 0.00% | 38.29% | 44.43% |
| Other | 0.02% | -16.32% | 24.37% | 9.23% |
| Stocks | 0.00% | -0.16% | 30.64% | 67.87% |
| Preferred Stocks | 0.00% | 0.00% | 84.24% | 73.12% |
| Cash | -0.28% | -86.81% | 162.71% | 86.06% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | WACPX % Rank | |
|---|---|---|---|---|
| Corporate | 30.44% | 0.00% | 100.00% | 52.49% |
| Government | 27.96% | 0.00% | 80.07% | 38.64% |
| Securitized | 20.06% | 0.00% | 98.86% | 77.83% |
| Derivative | 18.79% | 0.00% | 25.69% | 1.63% |
| Cash & Equivalents | 2.74% | 0.00% | 100.00% | 72.22% |
| Municipal | 0.01% | 0.00% | 100.00% | 71.95% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | WACPX % Rank | |
|---|---|---|---|---|
| US | 81.13% | -51.75% | 245.19% | 62.35% |
| Non US | 17.65% | -108.35% | 39.51% | 17.01% |
WACPX - Expenses
Operational Fees
| WACPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.45% | 0.01% | 2.91% | 71.18% |
| Management Fee | 0.40% | 0.00% | 0.85% | 64.57% |
| 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 | 2.00% | 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 | 95.00% | 6.00% | 496.00% | 40.29% |
WACPX - Distributions
Dividend Yield Analysis
| WACPX | Category Low | Category High | WACPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.29% | 0.00% | 3.37% | 57.36% |
Dividend Distribution Analysis
| WACPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| WACPX | Category Low | Category High | WACPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.49% | -0.39% | 11.28% | 22.80% |
Capital Gain Distribution Analysis
| WACPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 29, 2019 | $0.035 |
| Feb 28, 2019 | $0.033 |
| Jan 31, 2019 | $0.034 |
| Dec 31, 2018 | $0.035 |
| Nov 30, 2018 | $0.037 |
| Oct 31, 2018 | $0.033 |
| Aug 31, 2018 | $0.038 |
| Jul 31, 2018 | $0.032 |
| Jun 29, 2018 | $0.033 |
| May 31, 2018 | $0.033 |
| Apr 30, 2018 | $0.031 |
| Mar 29, 2018 | $0.033 |
| Feb 28, 2018 | $0.029 |
| Jan 31, 2018 | $0.030 |
| Dec 29, 2017 | $0.047 |
| Nov 30, 2017 | $0.039 |
| Oct 31, 2017 | $0.028 |
| Sep 29, 2017 | $0.028 |
| Aug 31, 2017 | $0.029 |
| Jul 31, 2017 | $0.027 |
| Jun 30, 2017 | $0.032 |
| May 31, 2017 | $0.030 |
| Apr 28, 2017 | $0.027 |
| Mar 31, 2017 | $0.032 |
| Feb 28, 2017 | $0.028 |
| Jan 31, 2017 | $0.027 |
| Dec 30, 2016 | $0.033 |
| Nov 30, 2016 | $0.077 |
| Oct 31, 2016 | $0.028 |
| Sep 30, 2016 | $0.031 |
| Aug 31, 2016 | $0.032 |
| Jul 29, 2016 | $0.033 |
| Jun 30, 2016 | $0.032 |
| May 31, 2016 | $0.032 |
| Apr 29, 2016 | $0.033 |
| Mar 31, 2016 | $0.034 |
| Feb 29, 2016 | $0.031 |
| Jan 29, 2016 | $0.030 |
| Dec 31, 2015 | $0.036 |
| Nov 30, 2015 | $0.031 |
| Oct 30, 2015 | $0.032 |
| Sep 30, 2015 | $0.031 |
| Aug 31, 2015 | $0.030 |
| Jul 31, 2015 | $0.033 |
| Jun 30, 2015 | $0.029 |
| May 29, 2015 | $0.030 |
| Apr 30, 2015 | $0.028 |
| Mar 31, 2015 | $0.027 |
| Feb 27, 2015 | $0.027 |
| Jan 30, 2015 | $0.030 |
| Dec 31, 2014 | $0.032 |
| Nov 28, 2014 | $0.028 |
| Oct 31, 2014 | $0.034 |
| Sep 30, 2014 | $0.031 |
| Aug 29, 2014 | $0.035 |
| Jul 31, 2014 | $0.035 |
| Jun 30, 2014 | $0.032 |
| May 30, 2014 | $0.037 |
| Apr 30, 2014 | $0.035 |
| Mar 31, 2014 | $0.033 |
| Feb 28, 2014 | $0.032 |
| Jan 31, 2014 | $0.034 |
| Dec 31, 2013 | $0.032 |
| Nov 29, 2013 | $0.033 |
| Oct 31, 2013 | $0.032 |
| Sep 30, 2013 | $0.032 |
| Aug 30, 2013 | $0.030 |
| Jul 31, 2013 | $0.029 |
| Jun 28, 2013 | $0.025 |
| May 31, 2013 | $0.028 |
| Apr 30, 2013 | $0.028 |
| Mar 28, 2013 | $0.030 |
| Feb 28, 2013 | $0.027 |
| Jan 31, 2013 | $0.028 |
| Dec 31, 2012 | $0.030 |
| Nov 30, 2012 | $0.031 |
| Oct 31, 2012 | $0.031 |
| Sep 28, 2012 | $0.026 |
| Aug 31, 2012 | $0.034 |
| Jul 31, 2012 | $0.030 |
| Jun 29, 2012 | $0.032 |
| May 31, 2012 | $0.031 |
| Apr 30, 2012 | $0.029 |
| Mar 30, 2012 | $0.032 |
| Feb 29, 2012 | $0.028 |
| Jan 31, 2012 | $0.028 |
| Dec 30, 2011 | $0.033 |
| Nov 30, 2011 | $0.029 |
| Oct 31, 2011 | $0.030 |
| Sep 30, 2011 | $0.031 |
| Aug 31, 2011 | $0.031 |
| Jul 29, 2011 | $0.032 |
| Jun 30, 2011 | $0.029 |
| May 31, 2011 | $0.028 |
| Apr 29, 2011 | $0.030 |
| Mar 31, 2011 | $0.035 |
| Feb 28, 2011 | $0.036 |
| Jan 31, 2011 | $0.037 |
| Dec 31, 2010 | $0.072 |
| Nov 30, 2010 | $0.043 |
| Oct 29, 2010 | $0.045 |
| Sep 30, 2010 | $0.042 |
| Aug 31, 2010 | $0.042 |
| Jul 30, 2010 | $0.047 |
| Jun 30, 2010 | $0.046 |
| May 28, 2010 | $0.043 |
| Apr 30, 2010 | $0.049 |
| Mar 31, 2010 | $0.044 |
| Feb 26, 2010 | $0.040 |
| Jan 29, 2010 | $0.039 |
| Dec 31, 2009 | $0.141 |
| Nov 30, 2009 | $0.042 |
| Oct 30, 2009 | $0.042 |
| Sep 30, 2009 | $0.036 |
| Aug 31, 2009 | $0.039 |
| Jul 31, 2009 | $0.043 |
| Jun 30, 2009 | $0.174 |
| May 29, 2009 | $0.043 |
| Apr 30, 2009 | $0.044 |
| Mar 31, 2009 | $0.041 |
| Feb 27, 2009 | $0.033 |
| Jan 30, 2009 | $0.029 |
| Dec 31, 2008 | $0.093 |
| Nov 28, 2008 | $0.040 |
| Oct 31, 2008 | $0.041 |
| Sep 30, 2008 | $0.041 |
| Aug 29, 2008 | $0.046 |
| Jul 31, 2008 | $0.045 |
| Jun 30, 2008 | $0.042 |
| May 30, 2008 | $0.044 |
| Apr 30, 2008 | $0.041 |
| Mar 31, 2008 | $0.043 |
| Mar 03, 2008 | $0.040 |
| Jan 31, 2008 | $0.044 |
| Dec 31, 2007 | $0.043 |
| Nov 30, 2007 | $0.043 |
| Oct 31, 2007 | $0.042 |
| Sep 28, 2007 | $0.044 |
| Aug 31, 2007 | $0.044 |
| Jul 31, 2007 | $0.047 |
| Jun 29, 2007 | $0.045 |
| May 31, 2007 | $0.046 |
| Apr 30, 2007 | $0.045 |
| Mar 30, 2007 | $0.045 |
| Feb 28, 2007 | $0.042 |
| Jan 31, 2007 | $0.042 |
| Jan 02, 2007 | $0.026 |
| Nov 30, 2006 | $0.038 |
| Oct 31, 2006 | $0.044 |
| Sep 29, 2006 | $0.043 |
| Aug 31, 2006 | $0.043 |
| Jul 31, 2006 | $0.044 |
| Jun 30, 2006 | $0.043 |
| May 31, 2006 | $0.042 |
| Apr 28, 2006 | $0.039 |
| Mar 31, 2006 | $0.042 |
| Feb 28, 2006 | $0.033 |
| Jan 31, 2006 | $0.031 |
| Jan 03, 2006 | $0.035 |
| Nov 30, 2005 | $0.050 |
| Oct 31, 2005 | $0.043 |
| Sep 30, 2005 | $0.040 |
| Aug 31, 2005 | $0.037 |
| Jul 29, 2005 | $0.035 |
| Jun 30, 2005 | $0.043 |
| May 31, 2005 | $0.045 |
| May 02, 2005 | $0.038 |
| Apr 01, 2005 | $0.031 |
| Mar 01, 2005 | $0.023 |
| Feb 01, 2005 | $0.028 |
| Jan 03, 2005 | $0.032 |
| Dec 01, 2004 | $0.026 |
| Nov 01, 2004 | $0.025 |
| Oct 01, 2004 | $0.025 |
| Sep 01, 2004 | $0.032 |
| Aug 02, 2004 | $0.034 |
| Jul 01, 2004 | $0.033 |
| Jun 01, 2004 | $0.034 |
WACPX - Fund Manager Analysis
Managers
Mark Lindbloom
Start Date
Tenure
Tenure Rank
Dec 31, 2006
14.51
14.5%
– 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
7.87
7.9%
– 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
5.17
5.2%
– 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
John Bellows
Start Date
Tenure
Tenure Rank
May 01, 2018
3.17
3.2%
– 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
May 01, 2018
3.17
3.2%
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 |
|---|---|---|---|
| 0.07 | 32.51 | 6.76 | 0.25 |