Western Asset Corporate Bond B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
-1.4%
3 Yr Avg Return
2.5%
5 Yr Avg Return
4.5%
Net Assets
$350 M
Holdings in Top 10
12.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.86%
SALES FEES
Front Load N/A
Deferred Load 4.50%
TRADING FEES
Turnover 95.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HBDIX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 4.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.79%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Corporate Bond Fund
-
Fund Family NameLegg Mason
-
Inception DateJan 04, 1982
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRyan K. Brist
Fund Description
HBDIX - Performance
Return Ranking - Trailing
Period | HBDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -4.8% | 12.9% | N/A |
1 Yr | -1.4% | -7.3% | 7.8% | N/A |
3 Yr | 2.5%* | -2.9% | 2.4% | N/A |
5 Yr | 4.5%* | -4.9% | 2.0% | N/A |
10 Yr | 4.3%* | -5.0% | 3.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | HBDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -11.7% | 2.7% | N/A |
2022 | N/A | -2.5% | 8.3% | N/A |
2021 | N/A | -3.1% | 11.6% | N/A |
2020 | N/A | -18.3% | 0.0% | N/A |
2019 | N/A | -8.4% | 12.3% | N/A |
Total Return Ranking - Trailing
Period | HBDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -4.8% | 12.9% | N/A |
1 Yr | -5.7% | -6.5% | 9.0% | N/A |
3 Yr | 1.6%* | -1.1% | 6.2% | N/A |
5 Yr | 4.3%* | -2.4% | 4.8% | N/A |
10 Yr | 4.3%* | -1.8% | 9.2% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | HBDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -11.7% | 3.9% | N/A |
2022 | N/A | -2.5% | 11.6% | N/A |
2021 | N/A | -3.1% | 17.7% | N/A |
2020 | N/A | -16.2% | 3.7% | N/A |
2019 | N/A | -8.0% | 17.6% | N/A |
HBDIX - Holdings
Concentration Analysis
HBDIX | Category Low | Category High | HBDIX % Rank | |
---|---|---|---|---|
Net Assets | 350 M | 10.5 M | 29.5 B | N/A |
Number of Holdings | 373 | 11 | 2235 | N/A |
Net Assets in Top 10 | 41.9 M | -310 M | 3.34 B | N/A |
Weighting of Top 10 | 11.95% | 2.5% | 155.9% | N/A |
Top 10 Holdings
- Barclays Bk 7.625% 2.03%
- Anheuser Busch Inbev Fin 4.7% 1.38%
- Verizon Comms 4.75% 1.27%
- Anheuser Busch Inbev Fin 4.9% 1.17%
- US Treasury Bond 3% 1.11%
- Citigroup 8.125% 1.04%
- General Elec Cap Corp Mtn Be 6.875% 1.02%
- Hsbc Hldgs 4.3% 1.00%
- Charter Comms Oper 144A 6.484% 0.97%
- Bk Amer 5% 0.96%
Asset Allocation
Weighting | Return Low | Return High | HBDIX % Rank | |
---|---|---|---|---|
Bonds | 96.05% | 26.37% | 173.58% | N/A |
Cash | 1.93% | -84.03% | 73.39% | N/A |
Preferred Stocks | 0.67% | 0.00% | 26.16% | N/A |
Stocks | 0.58% | -2.89% | 10.59% | N/A |
Other | 0.42% | -34.36% | 12.11% | N/A |
Convertible Bonds | 0.34% | 0.00% | 17.11% | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | HBDIX % Rank | |
---|---|---|---|---|
Financial Services | 0.58% | 0.00% | 2.43% | N/A |
Utilities | 0.00% | 0.00% | 0.48% | N/A |
Technology | 0.00% | -1.37% | 1.60% | N/A |
Real Estate | 0.00% | 0.00% | 0.32% | N/A |
Industrials | 0.00% | -0.99% | 2.67% | N/A |
Healthcare | 0.00% | -0.13% | 1.18% | N/A |
Energy | 0.00% | -0.14% | 4.72% | N/A |
Communication Services | 0.00% | 0.00% | 0.21% | N/A |
Consumer Defense | 0.00% | -0.10% | 2.22% | N/A |
Consumer Cyclical | 0.00% | -0.30% | 1.56% | N/A |
Basic Materials | 0.00% | 0.00% | 2.60% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | HBDIX % Rank | |
---|---|---|---|---|
US | 0.58% | -2.03% | 10.59% | N/A |
Non US | 0.00% | -0.86% | 1.46% | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | HBDIX % Rank | |
---|---|---|---|---|
Corporate | 84.66% | 0.00% | 103.35% | N/A |
Securitized | 6.93% | 0.00% | 115.76% | N/A |
Government | 4.40% | -30.95% | 54.13% | N/A |
Cash & Equivalents | 2.06% | -84.06% | 73.39% | N/A |
Municipal | 0.75% | 0.00% | 21.09% | N/A |
Derivative | -0.18% | -0.83% | 73.03% | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | HBDIX % Rank | |
---|---|---|---|---|
US | 71.46% | 7.78% | 153.73% | N/A |
Non US | 24.59% | 0.00% | 48.77% | N/A |
HBDIX - Expenses
Operational Fees
HBDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.86% | 0.00% | 3.46% | N/A |
Management Fee | 0.50% | 0.00% | 1.70% | N/A |
12b-1 Fee | 0.75% | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
HBDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | 4.50% | 0.00% | 5.50% | N/A |
Trading Fees
HBDIX 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.
HBDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 95.00% | 0.00% | 1209.00% | N/A |
HBDIX - Distributions
Dividend Yield Analysis
HBDIX | Category Low | Category High | HBDIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 2.52% | N/A |
Dividend Distribution Analysis
HBDIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
HBDIX | Category Low | Category High | HBDIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.79% | 0.12% | 5.67% | N/A |
Capital Gain Distribution Analysis
HBDIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 29, 2016 | $0.028 | |
Mar 31, 2016 | $0.031 | |
Feb 29, 2016 | $0.030 | |
Jan 29, 2016 | $0.028 | |
Dec 31, 2015 | $0.085 | |
Nov 30, 2015 | $0.035 | |
Oct 30, 2015 | $0.033 | |
Sep 30, 2015 | $0.032 | |
Aug 31, 2015 | $0.030 | |
Jul 31, 2015 | $0.034 | |
Jun 30, 2015 | $0.031 | |
May 29, 2015 | $0.029 | |
Apr 30, 2015 | $0.026 | |
Mar 31, 2015 | $0.027 | |
Feb 27, 2015 | $0.024 | |
Jan 30, 2015 | $0.025 | |
Dec 31, 2014 | $0.048 | |
Nov 28, 2014 | $0.030 | |
Oct 31, 2014 | $0.034 | |
Sep 30, 2014 | $0.030 | |
Aug 29, 2014 | $0.029 | |
Jul 31, 2014 | $0.029 | |
Jun 30, 2014 | $0.028 | |
May 30, 2014 | $0.031 | |
Apr 30, 2014 | $0.029 | |
Mar 31, 2014 | $0.028 | |
Feb 28, 2014 | $0.027 | |
Jan 31, 2014 | $0.030 | |
Dec 31, 2013 | $0.037 | |
Nov 29, 2013 | $0.034 | |
Oct 31, 2013 | $0.032 | |
Sep 30, 2013 | $0.032 | |
Aug 30, 2013 | $0.034 | |
Jul 31, 2013 | $0.033 | |
Jun 28, 2013 | $0.029 | |
May 31, 2013 | $0.032 | |
Apr 30, 2013 | $0.030 | |
Mar 28, 2013 | $0.031 | |
Feb 28, 2013 | $0.025 | |
Jan 31, 2013 | $0.027 | |
Dec 31, 2012 | $0.025 | |
Nov 30, 2012 | $0.030 | |
Oct 31, 2012 | $0.028 | |
Sep 28, 2012 | $0.025 | |
Aug 31, 2012 | $0.034 | |
Jul 31, 2012 | $0.033 | |
Jun 29, 2012 | $0.036 | |
May 31, 2012 | $0.036 | |
Apr 30, 2012 | $0.030 | |
Mar 30, 2012 | $0.033 | |
Feb 29, 2012 | $0.033 | |
Jan 31, 2012 | $0.034 | |
Dec 30, 2011 | $0.043 | |
Nov 30, 2011 | $0.035 | |
Oct 31, 2011 | $0.033 | |
Sep 30, 2011 | $0.038 | |
Aug 31, 2011 | $0.038 | |
Jul 29, 2011 | $0.037 | |
Jun 30, 2011 | $0.035 | |
May 31, 2011 | $0.035 | |
Apr 29, 2011 | $0.038 | |
Mar 31, 2011 | $0.037 | |
Feb 28, 2011 | $0.034 | |
Jan 31, 2011 | $0.038 | |
Dec 31, 2010 | $0.099 | |
Nov 30, 2010 | $0.039 | |
Oct 29, 2010 | $0.041 | |
Sep 30, 2010 | $0.038 | |
Aug 31, 2010 | $0.039 | |
Jul 30, 2010 | $0.046 | |
Jun 30, 2010 | $0.044 | |
May 28, 2010 | $0.041 | |
Apr 30, 2010 | $0.045 | |
Mar 31, 2010 | $0.045 | |
Feb 26, 2010 | $0.040 | |
Jan 29, 2010 | $0.041 | |
Dec 31, 2009 | $0.054 | |
Nov 30, 2009 | $0.043 | |
Oct 30, 2009 | $0.047 | |
Sep 30, 2009 | $0.044 | |
Aug 31, 2009 | $0.041 | |
Jul 31, 2009 | $0.046 | |
Jun 30, 2009 | $0.040 | |
May 29, 2009 | $0.047 | |
Apr 30, 2009 | $0.047 | |
Mar 31, 2009 | $0.047 | |
Feb 27, 2009 | $0.044 | |
Jan 30, 2009 | $0.046 | |
Dec 31, 2008 | $0.062 | |
Nov 28, 2008 | $0.045 | |
Oct 31, 2008 | $0.053 | |
Sep 30, 2008 | $0.047 | |
Aug 29, 2008 | $0.052 | |
Jul 31, 2008 | $0.050 | |
Jun 30, 2008 | $0.048 | |
May 30, 2008 | $0.054 | |
Apr 30, 2008 | $0.052 | |
Mar 31, 2008 | $0.052 | |
Feb 29, 2008 | $0.054 | |
Jan 31, 2008 | $0.052 | |
Dec 31, 2007 | $0.048 | |
Nov 30, 2007 | $0.048 | |
Oct 31, 2007 | $0.045 | |
Sep 28, 2007 | $0.039 | |
Aug 31, 2007 | $0.049 | |
Jul 31, 2007 | $0.044 | |
Jun 29, 2007 | $0.045 | |
May 31, 2007 | $0.045 | |
Apr 30, 2007 | $0.042 |
HBDIX - Fund Manager Analysis
Managers
Ryan K. Brist
Start Date
Tenure
Tenure Rank
Apr 30, 2010
5.92
5.9%
Ryan K. Brist has been the Head of U.S. Investment Grade Credit of Western Asset Management since 2009. Prior to that time, he is the chief investment officer and senior portfolio manager for Logan Circle Partners. Prior to joining Logan Circle Partners, he was co-head of the fixed income department at Delaware Investments where he oversaw the fixed income investment process, and was primarily responsible for the total return-based products. Prior to joining Delaware Investments, he was a member of the portfolio management team that managed Conseco Capital Management’s investment grade core and core plus products for five years. He previously worked in investment banking as an analyst for Dean Witter Reynolds in New York. Mr. Brist holds a bachelor’s degree in finance from Indiana University.
S. Kenneth Leech
Start Date
Tenure
Tenure Rank
Mar 31, 2014
2.0
2.0%
Leech transitioned into a CIO Emeritus role in September 2008 and joined Western Asset as Chief Investment Officer in 1990. Prior to joining Western in 1990, he was a portfolio manager with Greenwich Capital Markets from 1988 to 1990; the First Boston Corporation from 1980 to 1988; and the National Bank of Detroit from 1977 to 1980. He has over 32 years of investment experience.
Michael C. Buchanan
Start Date
Tenure
Tenure Rank
Sep 01, 2012
3.58
3.6%
Michael Buchanan, Managing Director, is head of US credit products, a senior member of the Core Fixed Income team and a member of the Global Credit Committee. He joined in 2003 from Janus Capital Management, where he was an Executive Vice President and managed high yield portfolios. Previously, he was a Managing Director at BlackRock Financial Management, where he was a senior high yield portfolio manager and a member of the firm’s investment strategy group; and a Vice President at Conseco Capital Management, where he managed high yield portfolios and was responsible for the trading of high yield debt, bank loans and emerging market debt. Mr. Buchanan holds a BA in business economics and organizational behavior/management from Brown University. He is a CFA charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 3.33 | 1.27 | 0.05 |