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Trending ETFs

Name

As of 11/18/2022

Price

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

$4.92

$149 M

5.99%

$0.29

1.17%

Vitals

YTD Return

-20.9%

1 yr return

-20.5%

3 Yr Avg Return

-7.2%

5 Yr Avg Return

-5.4%

Net Assets

$149 M

Holdings in Top 10

17.6%

52 WEEK LOW AND HIGH

$4.9
$4.78
$6.22

Expenses

OPERATING FEES

Expense Ratio 1.17%

SALES FEES

Front Load 4.25%

Deferred Load N/A

TRADING FEES

Turnover 81.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/18/2022

Price

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

$4.92

$149 M

5.99%

$0.29

1.17%

SAHYX - Profile

Distributions

  • YTD Total Return -20.9%
  • 3 Yr Annualized Total Return -7.2%
  • 5 Yr Annualized Total Return -5.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.30%
DIVIDENDS
  • Dividend Yield 6.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Global High Yield Bond Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Feb 22, 1995
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    S. Leech

Fund Description

The fund invests primarily in high yield fixed income securities issued by U.S. and foreign companies and foreign governments and their agencies and instrumentalities. Under normal market conditions, the fund invests at least 80% of its assets in high yield bonds. High yield bonds are rated below investment grade (that is, securities rated below the Baa/BBB categories, or, if unrated, determined to be of comparable credit quality by the subadviser) and are commonly referred to as “high yield” or “junk” bonds.
Under normal circumstances, the fund will be invested in at least three countries (one of which may be the United States). The fund may invest without limit in foreign securities denominated either in U.S. dollars or foreign currencies and may invest up to 35% of its assets in sovereign debt issued by emerging market governmental issuers. The fund’s investments may be of any maturity or duration.
Instead of, and/or in addition to, investing directly in particular securities, the fund may use instruments such as derivatives, including options, swaps, interest rate swaps, credit default swaps (including buying and selling credit default swaps and options on credit default swaps), foreign currency futures, forwards and options, futures contracts and other synthetic instruments that are intended to provide economic exposure to the securities or the issuer or to be used as a hedging technique. The fund may use one or more types of these instruments without limit. For additional information regarding derivatives, see “More on the fund’s investment strategies, investments and risks—Derivatives” in the Prospectus. These instruments are taken into account when determining compliance with the fund’s 80% policy.
  
The fund may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio (such as shortening or lengthening duration) and for other purposes. 
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SAHYX - Performance

Return Ranking - Trailing

Period SAHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -20.9% -49.8% 8.5% 95.70%
1 Yr -20.5% -46.8% 21.3% 97.01%
3 Yr -7.2%* -30.1% 63.5% 95.89%
5 Yr -5.4%* -20.2% 34.2% 93.67%
10 Yr -3.7%* -9.2% 16.4% 94.13%

* Annualized

Return Ranking - Calendar

Period SAHYX Return Category Return Low Category Return High Rank in Category (%)
2023 -3.3% -44.3% 15.2% 94.81%
2022 0.9% -56.9% 123.4% 21.38%
2021 2.4% -53.7% 8.9% 58.27%
2020 -2.4% -33.7% 2.0% 81.29%
2019 0.4% -9.4% 12.0% 24.73%

Total Return Ranking - Trailing

Period SAHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -20.9% -49.8% 8.5% 95.70%
1 Yr -20.5% -46.8% 23.7% 97.04%
3 Yr -7.2%* -30.1% 63.5% 95.99%
5 Yr -5.4%* -20.2% 34.2% 94.52%
10 Yr -3.7%* -9.2% 16.4% 95.64%

* Annualized

Total Return Ranking - Calendar

Period SAHYX Return Category Return Low Category Return High Rank in Category (%)
2023 -3.3% -44.3% 15.2% 94.81%
2022 0.9% -56.9% 123.4% 21.38%
2021 2.4% -53.7% 8.8% 61.76%
2020 -2.4% -33.7% 2.0% 85.32%
2019 0.4% -9.4% 12.0% 41.34%

NAV & Total Return History


SAHYX - Holdings

Concentration Analysis

SAHYX Category Low Category High SAHYX % Rank
Net Assets 149 M 1.47 M 26.2 B 70.29%
Number of Holdings 218 2 2736 72.44%
Net Assets in Top 10 28.1 M -492 M 2.55 B 62.82%
Weighting of Top 10 17.61% 3.0% 100.0% 24.36%

Top 10 Holdings

  1. Teva Pharmaceutical Finance Netherlands III B.V. 3.15% 3.40%
  2. Ford Motor Company 3.25% 2.15%
  3. UNITED AIRLINES INC UAL TL B 1L USD 2.15%
  4. CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.5% 2.05%
  5. Teva Pharmaceutical Finance Netherlands III B.V. 2.8% 1.89%
  6. CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.5% 1.83%
  7. Petrobras Global Finance B.V. 5.75% 1.79%
  8. Turkey (Republic of) 4.25% 1.76%
  9. Saga PLC 3.375% 1.67%
  10. Delta Air Lines Inc 7% 1.51%

Asset Allocation

Weighting Return Low Return High SAHYX % Rank
Bonds
93.30% 0.00% 154.38% 65.01%
Cash
4.59% -52.00% 100.00% 29.23%
Convertible Bonds
1.81% 0.00% 17.89% 27.18%
Preferred Stocks
0.31% 0.00% 14.10% 34.74%
Stocks
0.00% -0.60% 52.82% 90.04%
Other
0.00% -63.70% 32.06% 74.10%

Bond Sector Breakdown

Weighting Return Low Return High SAHYX % Rank
Corporate
67.75% 0.00% 100.00% 94.48%
Government
16.60% 0.00% 99.07% 1.93%
Derivative
10.51% 0.00% 45.95% 3.34%
Cash & Equivalents
4.00% 0.00% 99.98% 38.77%
Securitized
1.14% 0.00% 97.24% 21.69%
Municipal
0.00% 0.00% 1.17% 65.47%

Bond Geographic Breakdown

Weighting Return Low Return High SAHYX % Rank
Non US
53.46% 0.00% 96.17% 1.41%
US
39.84% 0.00% 150.64% 96.92%

SAHYX - Expenses

Operational Fees

SAHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% 0.02% 4.67% 24.81%
Management Fee 0.70% 0.00% 1.84% 85.96%
12b-1 Fee 0.25% 0.00% 1.00% 42.46%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

SAHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 0.00% 5.75% 33.08%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

SAHYX 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.

SAHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 81.00% 1.00% 327.00% 75.04%

SAHYX - Distributions

Dividend Yield Analysis

SAHYX Category Low Category High SAHYX % Rank
Dividend Yield 5.99% 0.00% 19.10% 26.02%

Dividend Distribution Analysis

SAHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

SAHYX Category Low Category High SAHYX % Rank
Net Income Ratio 4.30% -2.39% 14.30% 53.69%

Capital Gain Distribution Analysis

SAHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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SAHYX - Fund Manager Analysis

Managers

S. Leech


Start Date

Tenure

Tenure Rank

Mar 17, 2006

16.22

16.2%

– 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

Michael Buchanan


Start Date

Tenure

Tenure Rank

Mar 17, 2006

16.22

16.2%

– Western Asset Management Company, LLC – Deputy Chief Investment Officer, 2005– – Credit Suisse Asset Management – Managing Director, Head of U.S. Credit Products, 2003–2005 – Janus Capital Management – Executive Vice President, Portfolio Manager, 2003 – BlackRock Financial Management – Managing Director, Portfolio Manager, 1998–2003 – Conseco Capital Management – Vice President, Portfolio Manager, 1990–1998 – Brown University, B.A. – Chartered Financial Analyst

Walter Kilcullen


Start Date

Tenure

Tenure Rank

Sep 01, 2012

9.75

9.8%

-Western Asset Management Company, LLC - Head of US High Yield, 2002-Present -Seix Investment Advisors - Head High Yield Trader, 1998-2002 -University of Massachusetts, Amherst, B.A. Economics

Ian Edmonds


Start Date

Tenure

Tenure Rank

Sep 01, 2012

9.75

9.8%

– Western Asset Management Company Limited – Portfolio Manager, 1994– – Bacon & Woodrow – Part Qualified Actuary, 1990–1994 – University College, London, B.Sc.

Christopher Kilpatrick


Start Date

Tenure

Tenure Rank

May 01, 2017

5.08

5.1%

Mr. Christopher F. Kilpatrick serves as a Research Analyst and Portfolio Manager of Western Asset Management Company. Mr. Kilpatrick joined Western Asset Management Company in 2003.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.15 2.92