Western Asset Core Plus Bond Fund
Fund
WAPRX
Price as of:
$9.12
- $0.01
- 0.11%
Primary Theme
fund company
Name
As of 01/31/2025Price
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
Vitals
YTD Return
1.0%
1 yr return
0.8%
3 Yr Avg Return
-4.3%
5 Yr Avg Return
-2.4%
Net Assets
$21.2 B
Holdings in Top 10
28.0%
52 WEEK LOW AND HIGH
$9.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.11%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 79.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 01/31/2025Price
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
WAPRX - Profile
Distributions
- YTD Total Return 1.0%
- 3 Yr Annualized Total Return -4.3%
- 5 Yr Annualized Total Return -2.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.46%
- Dividend Yield 4.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Core Plus Bond Fund
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateApr 30, 2012
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
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, including the amount of borrowing for investment purposes, if any, in debt and fixed income securities. Although the fund may invest in securities of any maturity, the fund normally expects to 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. Effective duration seeks to measure the expected sensitivity of market price to changes in interest rates, taking into account the anticipated effects of structural complexities (for example, some bonds can be prepaid by the issuer).
The fund may invest up to 20% of its total assets in non‑U.S. dollar denominated securities. Up to 20% of the fund’s net assets may be invested in debt securities that are not 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, if unrated, securities of comparable quality at the time of purchase (as determined by the subadvisers). Securities rated in the Baa or BBB categories or above by one or more NRSROs or unrated securities of comparable quality are known as “investment grade securities.” Securities rated below investment grade are commonly known as “junk bonds” or “high yield securities.” The fund may invest up to 25% of its total assets in the securities of non‑U.S. issuers. The fund may 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, futures, options, swaps, foreign currency futures and forwards.
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 options on futures) and 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.
WAPRX - Performance
Return Ranking - Trailing
| Period | WAPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.0% | -2.4% | 3.7% | 9.58% |
| 1 Yr | 0.8% | -6.0% | 12.1% | 97.19% |
| 3 Yr | -4.3%* | -10.7% | 28.6% | 98.52% |
| 5 Yr | -2.4%* | -7.7% | 57.9% | 98.61% |
| 10 Yr | 0.7%* | -3.2% | 73.7% | 85.35% |
* Annualized
Return Ranking - Calendar
| Period | WAPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | -5.2% | -11.8% | 4.6% | 96.68% |
| 2023 | 2.2% | -16.2% | 8.1% | 40.58% |
| 2022 | -21.4% | -34.7% | 131.9% | 99.04% |
| 2021 | -5.1% | -11.6% | 4.4% | 93.99% |
| 2020 | 4.9% | -9.9% | 946.1% | 31.68% |
Total Return Ranking - Trailing
| Period | WAPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.0% | -2.4% | 3.7% | 9.58% |
| 1 Yr | 0.8% | -6.0% | 12.1% | 97.19% |
| 3 Yr | -4.3%* | -10.7% | 28.6% | 98.52% |
| 5 Yr | -2.4%* | -7.7% | 57.9% | 98.61% |
| 10 Yr | 0.7%* | -3.2% | 73.7% | 85.35% |
* Annualized
Total Return Ranking - Calendar
| Period | WAPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | -0.8% | -7.3% | 12.0% | 97.51% |
| 2023 | 6.4% | -12.6% | 11.9% | 35.80% |
| 2022 | -19.2% | -32.2% | 131.9% | 99.15% |
| 2021 | -2.4% | -9.4% | 9.2% | 94.10% |
| 2020 | 8.9% | -1.9% | 1009.0% | 35.02% |
NAV & Total Return History
WAPRX - Holdings
Concentration Analysis
| WAPRX | Category Low | Category High | WAPRX % Rank | |
|---|---|---|---|---|
| Net Assets | 21.2 B | 2.9 M | 314 B | 11.31% |
| Number of Holdings | 1890 | 1 | 17880 | 21.62% |
| Net Assets in Top 10 | 3.26 B | 1.59 M | 35.1 B | 16.01% |
| Weighting of Top 10 | 28.02% | 4.7% | 3984.6% | 35.49% |
Top 10 Holdings
- Western Asset Premier Institutional Government Reserves 15.41%
- Fannie Mae or Freddie Mac 2.48%
- Fannie Mae or Freddie Mac 2.05%
- Mexican Bonos 1.78%
- United States Treasury Note/Bond 1.29%
- Fannie Mae or Freddie Mac 1.13%
- Fannie Mae or Freddie Mac 0.99%
- United States Treasury Note/Bond 0.99%
- United States Treasury Inflation Indexed Bonds 0.98%
- Fannie Mae or Freddie Mac 0.92%
Asset Allocation
| Weighting | Return Low | Return High | WAPRX % Rank | |
|---|---|---|---|---|
| Bonds | 94.39% | 0.00% | 9231.88% | 52.18% |
| Cash | 15.41% | -54.51% | 1229.94% | 8.52% |
| Other | 2.83% | -27.25% | 1695.17% | 58.11% |
| Convertible Bonds | 1.57% | 0.00% | 7.93% | 45.76% |
| Stocks | 0.00% | 0.00% | 213.63% | 95.64% |
| Preferred Stocks | 0.00% | 0.00% | 72.34% | 94.80% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | WAPRX % Rank | |
|---|---|---|---|---|
| Corporate | 30.98% | 0.00% | 100.00% | 46.18% |
| Government | 25.15% | 0.00% | 86.23% | 49.42% |
| Securitized | 21.47% | 0.00% | 98.40% | 78.43% |
| Cash & Equivalents | 15.41% | 0.00% | 1229.94% | 8.52% |
| Municipal | 0.01% | 0.00% | 100.00% | 74.35% |
| Derivative | -0.43% | -6.56% | 43.84% | 91.58% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | WAPRX % Rank | |
|---|---|---|---|---|
| US | 90.32% | 0.00% | 9042.62% | 62.68% |
| Non US | 4.07% | 0.00% | 189.26% | 13.51% |
WAPRX - Expenses
Operational Fees
| WAPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.11% | 0.01% | 39.64% | 20.82% |
| Management Fee | 0.40% | 0.00% | 1.76% | 72.06% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 74.84% |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| WAPRX 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
| WAPRX 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.
| WAPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 79.00% | 2.00% | 493.39% | 36.33% |
WAPRX - Distributions
Dividend Yield Analysis
| WAPRX | Category Low | Category High | WAPRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.28% | 0.00% | 10.11% | 93.15% |
Dividend Distribution Analysis
| WAPRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| WAPRX | Category Low | Category High | WAPRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.46% | -1.28% | 4.79% | 66.23% |
Capital Gain Distribution Analysis
| WAPRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 31, 2024 | $0.032 | OrdinaryDividend |
| Dec 31, 2024 | $0.003 | ReturnOfCapital |
| Nov 29, 2024 | $0.003 | ReturnOfCapital |
| Nov 29, 2024 | $0.033 | OrdinaryDividend |
| Oct 31, 2024 | $0.003 | ReturnOfCapital |
| Oct 31, 2024 | $0.033 | OrdinaryDividend |
| Sep 30, 2024 | $0.030 | OrdinaryDividend |
| Sep 30, 2024 | $0.003 | ReturnOfCapital |
| Aug 30, 2024 | $0.033 | OrdinaryDividend |
| Aug 30, 2024 | $0.003 | ReturnOfCapital |
| Jul 31, 2024 | $0.031 | OrdinaryDividend |
| Jul 31, 2024 | $0.003 | ReturnOfCapital |
| Apr 30, 2024 | $0.030 | OrdinaryDividend |
| Mar 28, 2024 | $0.031 | OrdinaryDividend |
| Feb 29, 2024 | $0.030 | OrdinaryDividend |
| Jan 31, 2024 | $0.030 | OrdinaryDividend |
| Dec 29, 2023 | $0.031 | OrdinaryDividend |
| Nov 30, 2023 | $0.030 | OrdinaryDividend |
| Oct 31, 2023 | $0.029 | OrdinaryDividend |
| Sep 29, 2023 | $0.030 | OrdinaryDividend |
| Aug 31, 2023 | $0.031 | OrdinaryDividend |
| Jul 31, 2023 | $0.027 | OrdinaryDividend |
| Jun 30, 2023 | $0.028 | OrdinaryDividend |
| May 31, 2023 | $0.028 | OrdinaryDividend |
| Apr 28, 2023 | $0.026 | OrdinaryDividend |
| Mar 31, 2023 | $0.030 | OrdinaryDividend |
| Feb 28, 2023 | $0.025 | OrdinaryDividend |
| Jan 31, 2023 | $0.026 | OrdinaryDividend |
| Dec 30, 2022 | $0.000 | ReturnOfCapital |
| Dec 30, 2022 | $0.029 | OrdinaryDividend |
| Nov 30, 2022 | $0.000 | ReturnOfCapital |
| Nov 30, 2022 | $0.026 | OrdinaryDividend |
| Oct 31, 2022 | $0.000 | ReturnOfCapital |
| Oct 31, 2022 | $0.023 | OrdinaryDividend |
| Sep 30, 2022 | $0.000 | ReturnOfCapital |
| Sep 30, 2022 | $0.025 | OrdinaryDividend |
| Aug 31, 2022 | $0.000 | ReturnOfCapital |
| Aug 31, 2022 | $0.023 | OrdinaryDividend |
| Jul 29, 2022 | $0.000 | ReturnOfCapital |
| Jul 29, 2022 | $0.022 | OrdinaryDividend |
| Jun 30, 2022 | $0.000 | ReturnOfCapital |
| Jun 30, 2022 | $0.020 | OrdinaryDividend |
| May 31, 2022 | $0.000 | ReturnOfCapital |
| May 31, 2022 | $0.019 | OrdinaryDividend |
| Apr 29, 2022 | $0.000 | ReturnOfCapital |
| Apr 29, 2022 | $0.019 | OrdinaryDividend |
| Mar 31, 2022 | $0.000 | ReturnOfCapital |
| Mar 31, 2022 | $0.017 | OrdinaryDividend |
| Feb 28, 2022 | $0.000 | ReturnOfCapital |
| Feb 28, 2022 | $0.016 | OrdinaryDividend |
| Jan 31, 2022 | $0.000 | ReturnOfCapital |
| Jan 31, 2022 | $0.016 | OrdinaryDividend |
| Dec 31, 2021 | $0.019 | OrdinaryDividend |
| Nov 30, 2021 | $0.046 | OrdinaryDividend |
| Oct 29, 2021 | $0.019 | OrdinaryDividend |
| Sep 30, 2021 | $0.016 | OrdinaryDividend |
| Aug 31, 2021 | $0.016 | OrdinaryDividend |
| Jul 30, 2021 | $0.018 | OrdinaryDividend |
| Jun 30, 2021 | $0.017 | OrdinaryDividend |
| Jun 17, 2021 | $0.038 | CapitalGainShortTerm |
| Jun 17, 2021 | $0.040 | CapitalGainLongTerm |
| May 28, 2021 | $0.018 | OrdinaryDividend |
| Apr 30, 2021 | $0.019 | OrdinaryDividend |
| Mar 31, 2021 | $0.019 | OrdinaryDividend |
| Feb 26, 2021 | $0.017 | OrdinaryDividend |
| Jan 29, 2021 | $0.015 | OrdinaryDividend |
| Dec 31, 2020 | $0.021 | OrdinaryDividend |
| Dec 15, 2020 | $0.015 | CapitalGainShortTerm |
| Dec 15, 2020 | $0.162 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.018 | OrdinaryDividend |
| Oct 30, 2020 | $0.020 | OrdinaryDividend |
| Sep 30, 2020 | $0.020 | OrdinaryDividend |
| Aug 31, 2020 | $0.019 | OrdinaryDividend |
| Jul 31, 2020 | $0.021 | OrdinaryDividend |
| Jun 30, 2020 | $0.017 | OrdinaryDividend |
| May 29, 2020 | $0.022 | OrdinaryDividend |
| Apr 30, 2020 | $0.023 | OrdinaryDividend |
| Mar 31, 2020 | $0.024 | OrdinaryDividend |
| Feb 28, 2020 | $0.023 | OrdinaryDividend |
| Jan 31, 2020 | $0.027 | OrdinaryDividend |
| Dec 31, 2019 | $0.029 | OrdinaryDividend |
| Dec 18, 2019 | $0.109 | CapitalGainShortTerm |
| Dec 18, 2019 | $0.048 | CapitalGainLongTerm |
| Nov 29, 2019 | $0.050 | OrdinaryDividend |
| Oct 31, 2019 | $0.025 | OrdinaryDividend |
| Sep 30, 2019 | $0.025 | OrdinaryDividend |
| Aug 30, 2019 | $0.029 | OrdinaryDividend |
| Jul 31, 2019 | $0.029 | OrdinaryDividend |
| Jun 19, 2018 | $0.010 | CapitalGainShortTerm |
| Jun 19, 2018 | $0.043 | CapitalGainLongTerm |
| Dec 21, 2017 | $0.009 | CapitalGainShortTerm |
| Dec 21, 2017 | $0.007 | CapitalGainLongTerm |
| Dec 08, 2016 | $0.032 | CapitalGainShortTerm |
| Dec 08, 2016 | $0.086 | CapitalGainLongTerm |
WAPRX - Fund Manager Analysis
Managers
Mark Lindbloom
Start Date
Tenure
Tenure Rank
Dec 31, 2006
15.42
15.4%
– 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
8.79
8.8%
– 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
6.08
6.1%
– 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
Frederick Marki
Start Date
Tenure
Tenure Rank
May 01, 2018
4.08
4.1%
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 Bellows
Start Date
Tenure
Tenure Rank
May 01, 2018
4.08
4.1%
– 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
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.77 | 1.16 |