Morningstar

Western Asset Core Plus Bond I WACPX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.59  /  +0.35 %
  • Total Assets 11.7 Bil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.52%
  • Effective Duration 6.92 years

USD | NAV as of Sep 28, 2024 | 1-Day Return as of Sep 28, 2024, 1:00 AM GMT+0

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
Rated on Published on

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Portfolio Holdings WACPX

More WACPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Western Asset Prem Instl Govtt Rsrv Pref

14.11 2.4 Bil
Cash and Equivalents

Federal National Mortgage Association 2.5%

2.38 409.4 Mil
Securitized

CNH/USD FFX DUE 101824 Purchased

2.20 378.5 Mil
Derivative

Mexico (United Mexican States) 7.75%

1.80 308.3 Mil
Government

USD/EUR FFX DUE 101824-Cross Purchased

1.77 304.3 Mil
Derivative

Federal National Mortgage Association 3%

1.69 290.9 Mil
Securitized

CHF/USD FFX DUE 101824 Purchased

1.59 273.8 Mil
Derivative

MXN/USD FFX DUE 101824 Purchased

1.37 235.8 Mil
Derivative

USD/GBP FFX DUE 101824-Cross Purchased

1.20 205.8 Mil
Derivative

Federal National Mortgage Association 2%

1.06 182.4 Mil
Securitized

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