Morningstar

Western Asset Core Plus Bond I WACPX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Franklin Templeton Investment Hub

Morningstar’s Analysis WACPX

Will WACPX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable WACPX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the WACPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of WACPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Uncertainty created by the departure of co-CIO Ken Leech is reason for pause.

Analyst Max Curtin

Max Curtin

Analyst

Summary

Two unexpected leadership changes in 2024 have dropped Western Asset Core Plus Bond’s People rating to Average from Above Average, but the firm’s efforts to keep volatility in check while keeping the main features of the strategy intact are enough to keep its Process rating at Above Average.

by Max Curtin
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