Western Asset Total Return Unconstrained Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-2.0%
1 yr return
3.8%
3 Yr Avg Return
-3.2%
5 Yr Avg Return
-0.1%
Net Assets
$275 M
Holdings in Top 10
26.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.69%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 67.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
WAASX - Profile
Distributions
- YTD Total Return -2.0%
- 3 Yr Annualized Total Return -3.2%
- 5 Yr Annualized Total Return -0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.42%
- Dividend Yield 1.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameWestern Asset Total Return Unconstrained Fund
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateAug 05, 2008
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerS. Leech
Fund Description
• | No more than 50% of the fund’s net assets may be invested in non-U.S. dollar denominated securities. |
• | No more than 25% of the fund’s net assets may be invested in un-hedged non-U.S. dollar denominated securities. |
• | No more than 25% of the fund’s net assets may be invested in non-U.S. dollar denominated securities that are not investment grade securities. Securities rated below investment grade are commonly known as “junk bonds” or “high yield securities.” |
• | No more than 25% of the fund’s net assets may be invested in securities of non-U.S. issuers that are not investment grade securities. |
• | No more than 50% of the fund’s net assets may be invested in a combination of non-U.S. dollar denominated securities, emerging market securities and securities that are not investment grade securities. |
• | The fund is permitted to invest in securities issued or guaranteed by the government of the United States or any of the G-7 countries, including their agencies, instrumentalities and political sub-divisions, without limit; however, (i) no more than 10% of the fund’s net assets may be invested in securities issued or guaranteed by a single government that is a non-G-7 country, including its agencies, instrumentalities and sub-divisions; (ii) no more than 10% of the fund’s net assets may be invested in private mortgage-backed and asset-backed securities of a single issuer unless the collateral relating to such securities is credit-independent of the issuer and the security’s credit enhancement is independent of the issuer, in which case no more than 25% of the fund’s net assets may be invested in private mortgage-backed and asset-backed securities of such issuer; and (iii) other than as described above, no more than 5% of the fund’s net assets may be invested in the obligations of any single issuer. |
• | The aggregate initial futures margin and options premiums required to establish commodity interest positions will not exceed 5% of the net assets of the fund, after taking into account unrealized profits and unrealized losses on any such positions; provided, however, that if an option is in-the-money at the time of purchase, the amount by which the option is in-the-money may be excluded in computing such 5%. |
WAASX - Performance
Return Ranking - Trailing
Period | WAASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.0% | -12.7% | 9.3% | 87.93% |
1 Yr | 3.8% | -9.6% | 26.8% | 69.04% |
3 Yr | -3.2%* | -17.6% | 17.9% | 89.74% |
5 Yr | -0.1%* | -13.4% | 14.7% | 85.28% |
10 Yr | 1.3%* | -13.6% | 6.5% | 77.15% |
* Annualized
Return Ranking - Calendar
Period | WAASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.7% | -12.0% | 15.7% | 13.45% |
2022 | -14.8% | -31.8% | 18.4% | 68.30% |
2021 | -6.1% | -26.6% | 25.7% | 93.62% |
2020 | 3.4% | -49.2% | 18.7% | 32.50% |
2019 | 4.0% | -35.1% | 15.3% | 59.35% |
Total Return Ranking - Trailing
Period | WAASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.0% | -12.7% | 9.3% | 87.93% |
1 Yr | 3.8% | -9.6% | 26.8% | 69.04% |
3 Yr | -3.2%* | -17.6% | 17.9% | 89.74% |
5 Yr | -0.1%* | -13.4% | 14.7% | 85.28% |
10 Yr | 1.3%* | -13.6% | 6.5% | 77.15% |
* Annualized
Total Return Ranking - Calendar
Period | WAASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.7% | -7.0% | 22.2% | 53.94% |
2022 | -13.8% | -31.8% | 21.1% | 92.23% |
2021 | -1.8% | -13.5% | 49.9% | 91.00% |
2020 | 5.7% | -28.6% | 24.1% | 50.62% |
2019 | 8.7% | -4.8% | 19.1% | 50.19% |
NAV & Total Return History
WAASX - Holdings
Concentration Analysis
WAASX | Category Low | Category High | WAASX % Rank | |
---|---|---|---|---|
Net Assets | 275 M | 2.53 M | 143 B | 65.16% |
Number of Holdings | 536 | 4 | 9868 | 46.42% |
Net Assets in Top 10 | 73.6 M | -1.57 B | 65.8 B | 65.14% |
Weighting of Top 10 | 26.75% | 0.7% | 170.6% | 54.18% |
Top 10 Holdings
- Western Asset Premier Institutional Government Reserves 9.91%
- Brazil Notas do Tesouro Nacional Serie F 2.64%
- United States Treasury Note/Bond 2.62%
- Fannie Mae or Freddie Mac 1.97%
- Brazil Notas do Tesouro Nacional Serie F 1.92%
- United States Treasury Note/Bond 1.78%
- Mexican Bonos 1.60%
- Fannie Mae or Freddie Mac 1.54%
- UBS Group AG 1.42%
- Freddie Mac Pool 1.36%
Asset Allocation
Weighting | Return Low | Return High | WAASX % Rank | |
---|---|---|---|---|
Bonds | 86.84% | -150.81% | 203.29% | 52.36% |
Cash | 9.91% | -94.66% | 258.91% | 19.03% |
Other | 3.63% | -62.91% | 100.00% | 42.62% |
Convertible Bonds | 0.61% | 0.00% | 33.50% | 62.19% |
Stocks | 0.15% | -1.60% | 99.88% | 57.53% |
Preferred Stocks | 0.00% | 0.00% | 30.46% | 55.10% |
Stock Sector Breakdown
Weighting | Return Low | Return High | WAASX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 66.43% |
Technology | 0.00% | 0.00% | 28.30% | 55.48% |
Real Estate | 0.00% | 0.00% | 100.00% | 61.43% |
Industrials | 0.00% | 0.00% | 100.00% | 61.43% |
Healthcare | 0.00% | 0.00% | 18.60% | 64.29% |
Financial Services | 0.00% | 0.00% | 100.00% | 67.14% |
Energy | 0.00% | 0.00% | 100.00% | 71.43% |
Communication Services | 0.00% | 0.00% | 100.00% | 70.00% |
Consumer Defense | 0.00% | 0.00% | 99.97% | 53.57% |
Consumer Cyclical | 0.00% | 0.00% | 89.95% | 0.48% |
Basic Materials | 0.00% | 0.00% | 100.00% | 59.05% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | WAASX % Rank | |
---|---|---|---|---|
US | 0.15% | -1.47% | 99.88% | 54.49% |
Non US | 0.00% | -0.13% | 17.73% | 34.40% |
Bond Sector Breakdown
Weighting | Return Low | Return High | WAASX % Rank | |
---|---|---|---|---|
Government | 30.09% | 0.00% | 99.43% | 14.91% |
Corporate | 19.22% | 0.00% | 96.66% | 70.33% |
Securitized | 14.60% | 0.00% | 99.65% | 57.30% |
Cash & Equivalents | 9.91% | 0.00% | 88.14% | 17.25% |
Derivative | 0.67% | -62.91% | 37.37% | 20.46% |
Municipal | 0.37% | 0.00% | 54.26% | 25.12% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | WAASX % Rank | |
---|---|---|---|---|
US | 74.09% | -151.11% | 203.29% | 51.90% |
Non US | 12.74% | 0.00% | 67.77% | 27.09% |
WAASX - Expenses
Operational Fees
WAASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.69% | 0.01% | 20.67% | 83.92% |
Management Fee | 0.60% | 0.00% | 2.29% | 50.15% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
WAASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
WAASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
WAASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 67.00% | 0.00% | 632.00% | 38.24% |
WAASX - Distributions
Dividend Yield Analysis
WAASX | Category Low | Category High | WAASX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.80% | 0.00% | 23.30% | 85.67% |
Dividend Distribution Analysis
WAASX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
WAASX | Category Low | Category High | WAASX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.42% | -1.55% | 11.51% | 69.09% |
Capital Gain Distribution Analysis
WAASX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.058 | OrdinaryDividend |
Dec 19, 2023 | $0.040 | DailyAccrualFund |
Sep 29, 2023 | $0.091 | DailyAccrualFund |
Jun 30, 2023 | $0.091 | DailyAccrualFund |
Mar 31, 2023 | $0.020 | DailyAccrualFund |
Dec 20, 2022 | $0.041 | DailyAccrualFund |
Mar 31, 2022 | $0.065 | DailyAccrualFund |
Sep 30, 2021 | $0.039 | DailyAccrualFund |
Jun 30, 2021 | $0.062 | DailyAccrualFund |
Mar 31, 2021 | $0.074 | DailyAccrualFund |
Jun 30, 2020 | $0.022 | DailyAccrualFund |
May 29, 2020 | $0.024 | DailyAccrualFund |
Apr 30, 2020 | $0.028 | DailyAccrualFund |
Mar 31, 2020 | $0.033 | DailyAccrualFund |
Feb 28, 2020 | $0.032 | DailyAccrualFund |
Jan 31, 2020 | $0.040 | DailyAccrualFund |
Dec 31, 2019 | $0.038 | DailyAccrualFund |
Nov 29, 2019 | $0.036 | DailyAccrualFund |
Oct 31, 2019 | $0.037 | DailyAccrualFund |
Sep 30, 2019 | $0.031 | DailyAccrualFund |
Aug 30, 2019 | $0.036 | DailyAccrualFund |
Jul 31, 2019 | $0.037 | DailyAccrualFund |
Jun 28, 2019 | $0.035 | OrdinaryDividend |
May 31, 2019 | $0.044 | DailyAccrualFund |
Apr 30, 2019 | $0.037 | DailyAccrualFund |
Mar 29, 2019 | $0.037 | DailyAccrualFund |
Feb 28, 2019 | $0.034 | DailyAccrualFund |
Jan 31, 2019 | $0.037 | DailyAccrualFund |
Dec 31, 2018 | $0.037 | DailyAccrualFund |
Nov 30, 2018 | $0.037 | DailyAccrualFund |
Oct 31, 2018 | $0.035 | DailyAccrualFund |
Aug 31, 2018 | $0.035 | DailyAccrualFund |
Jul 31, 2018 | $0.030 | DailyAccrualFund |
Jun 29, 2018 | $0.034 | DailyAccrualFund |
May 31, 2018 | $0.030 | DailyAccrualFund |
Apr 30, 2018 | $0.030 | DailyAccrualFund |
Mar 29, 2018 | $0.033 | DailyAccrualFund |
Feb 28, 2018 | $0.028 | DailyAccrualFund |
Jan 31, 2018 | $0.031 | DailyAccrualFund |
Dec 29, 2017 | $0.032 | DailyAccrualFund |
Nov 30, 2017 | $0.104 | DailyAccrualFund |
Oct 31, 2017 | $0.026 | DailyAccrualFund |
Sep 29, 2017 | $0.025 | DailyAccrualFund |
Aug 31, 2017 | $0.029 | DailyAccrualFund |
Jul 31, 2017 | $0.028 | DailyAccrualFund |
Jun 30, 2017 | $0.030 | DailyAccrualFund |
May 31, 2017 | $0.025 | DailyAccrualFund |
Apr 28, 2017 | $0.023 | DailyAccrualFund |
Mar 31, 2017 | $0.026 | DailyAccrualFund |
Feb 28, 2017 | $0.025 | DailyAccrualFund |
Jan 31, 2017 | $0.024 | DailyAccrualFund |
Dec 30, 2016 | $0.031 | DailyAccrualFund |
Nov 30, 2016 | $0.027 | DailyAccrualFund |
Oct 31, 2016 | $0.025 | DailyAccrualFund |
Sep 30, 2016 | $0.028 | DailyAccrualFund |
Aug 31, 2016 | $0.028 | DailyAccrualFund |
Jul 29, 2016 | $0.030 | DailyAccrualFund |
Jun 30, 2016 | $0.030 | DailyAccrualFund |
May 31, 2016 | $0.031 | DailyAccrualFund |
Apr 29, 2016 | $0.030 | DailyAccrualFund |
Mar 31, 2016 | $0.029 | DailyAccrualFund |
Feb 29, 2016 | $0.027 | DailyAccrualFund |
Jan 29, 2016 | $0.026 | DailyAccrualFund |
Dec 31, 2015 | $0.030 | DailyAccrualFund |
Nov 30, 2015 | $0.026 | DailyAccrualFund |
Oct 30, 2015 | $0.029 | DailyAccrualFund |
Sep 30, 2015 | $0.026 | DailyAccrualFund |
Aug 31, 2015 | $0.028 | DailyAccrualFund |
Jul 31, 2015 | $0.033 | DailyAccrualFund |
Jun 30, 2015 | $0.032 | DailyAccrualFund |
May 29, 2015 | $0.032 | DailyAccrualFund |
Apr 30, 2015 | $0.028 | DailyAccrualFund |
Mar 31, 2015 | $0.023 | DailyAccrualFund |
Feb 27, 2015 | $0.023 | DailyAccrualFund |
Jan 30, 2015 | $0.023 | DailyAccrualFund |
Dec 31, 2014 | $0.106 | DailyAccrualFund |
Nov 28, 2014 | $0.022 | DailyAccrualFund |
Oct 31, 2014 | $0.030 | DailyAccrualFund |
Sep 30, 2014 | $0.025 | DailyAccrualFund |
Aug 29, 2014 | $0.027 | DailyAccrualFund |
Jul 31, 2014 | $0.030 | DailyAccrualFund |
Jun 30, 2014 | $0.026 | DailyAccrualFund |
May 30, 2014 | $0.030 | DailyAccrualFund |
Apr 30, 2014 | $0.027 | DailyAccrualFund |
Mar 31, 2014 | $0.025 | DailyAccrualFund |
Feb 28, 2014 | $0.022 | DailyAccrualFund |
Jan 31, 2014 | $0.021 | DailyAccrualFund |
Dec 31, 2013 | $0.040 | DailyAccrualFund |
Nov 29, 2013 | $0.019 | DailyAccrualFund |
Oct 31, 2013 | $0.017 | DailyAccrualFund |
Sep 30, 2013 | $0.017 | DailyAccrualFund |
Aug 30, 2013 | $0.015 | DailyAccrualFund |
Jul 31, 2013 | $0.014 | DailyAccrualFund |
Jun 28, 2013 | $0.013 | DailyAccrualFund |
May 31, 2013 | $0.018 | DailyAccrualFund |
Apr 30, 2013 | $0.018 | DailyAccrualFund |
Mar 28, 2013 | $0.019 | DailyAccrualFund |
Feb 28, 2013 | $0.015 | DailyAccrualFund |
Jan 31, 2013 | $0.015 | DailyAccrualFund |
Dec 31, 2012 | $0.027 | DailyAccrualFund |
Nov 30, 2012 | $0.015 | DailyAccrualFund |
Oct 31, 2012 | $0.016 | DailyAccrualFund |
Sep 28, 2012 | $0.015 | DailyAccrualFund |
Aug 31, 2012 | $0.022 | DailyAccrualFund |
Jul 31, 2012 | $0.017 | DailyAccrualFund |
Jun 29, 2012 | $0.025 | DailyAccrualFund |
May 31, 2012 | $0.023 | DailyAccrualFund |
Apr 30, 2012 | $0.022 | DailyAccrualFund |
Mar 30, 2012 | $0.025 | DailyAccrualFund |
Feb 29, 2012 | $0.025 | DailyAccrualFund |
Jan 31, 2012 | $0.023 | DailyAccrualFund |
Dec 30, 2011 | $0.022 | DailyAccrualFund |
Nov 30, 2011 | $0.020 | DailyAccrualFund |
Oct 31, 2011 | $0.019 | DailyAccrualFund |
Sep 30, 2011 | $0.022 | DailyAccrualFund |
Aug 31, 2011 | $0.022 | DailyAccrualFund |
Jul 29, 2011 | $0.023 | DailyAccrualFund |
Jun 30, 2011 | $0.020 | DailyAccrualFund |
May 31, 2011 | $0.020 | DailyAccrualFund |
Apr 29, 2011 | $0.024 | DailyAccrualFund |
Mar 31, 2011 | $0.030 | DailyAccrualFund |
Feb 28, 2011 | $0.030 | DailyAccrualFund |
Jan 31, 2011 | $0.032 | DailyAccrualFund |
Dec 31, 2010 | $0.035 | DailyAccrualFund |
Nov 30, 2010 | $0.030 | DailyAccrualFund |
Oct 29, 2010 | $0.029 | DailyAccrualFund |
Sep 30, 2010 | $0.028 | DailyAccrualFund |
Aug 31, 2010 | $0.031 | DailyAccrualFund |
Jul 30, 2010 | $0.032 | DailyAccrualFund |
Jun 30, 2010 | $0.030 | DailyAccrualFund |
May 28, 2010 | $0.029 | DailyAccrualFund |
Apr 30, 2010 | $0.033 | DailyAccrualFund |
Mar 31, 2010 | $0.030 | DailyAccrualFund |
Feb 26, 2010 | $0.028 | DailyAccrualFund |
Jan 29, 2010 | $0.029 | DailyAccrualFund |
Dec 31, 2009 | $0.126 | DailyAccrualFund |
Nov 30, 2009 | $0.038 | DailyAccrualFund |
Oct 30, 2009 | $0.036 | DailyAccrualFund |
Sep 30, 2009 | $0.033 | DailyAccrualFund |
Aug 31, 2009 | $0.030 | DailyAccrualFund |
Jul 31, 2009 | $0.025 | DailyAccrualFund |
Jun 30, 2009 | $0.025 | DailyAccrualFund |
May 29, 2009 | $0.027 | DailyAccrualFund |
Apr 30, 2009 | $0.028 | DailyAccrualFund |
Mar 31, 2009 | $0.079 | DailyAccrualFund |
Feb 27, 2009 | $0.050 | DailyAccrualFund |
Jan 30, 2009 | $0.031 | DailyAccrualFund |
Dec 31, 2008 | $0.114 | DailyAccrualFund |
Nov 28, 2008 | $0.036 | DailyAccrualFund |
Oct 31, 2008 | $0.042 | DailyAccrualFund |
Sep 30, 2008 | $0.039 | DailyAccrualFund |
Aug 29, 2008 | $0.036 | DailyAccrualFund |
WAASX - Fund Manager Analysis
Managers
S. Leech
Start Date
Tenure
Tenure Rank
Sep 01, 2012
9.75
9.8%
– 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
Mark Lindbloom
Start Date
Tenure
Tenure Rank
Sep 11, 2013
8.72
8.7%
– 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.
John Bellows
Start Date
Tenure
Tenure Rank
Sep 28, 2018
3.67
3.7%
– 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
Julien Scholnick
Start Date
Tenure
Tenure Rank
Sep 28, 2018
3.67
3.7%
– 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
Sep 28, 2018
3.67
3.7%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |