Western Asset Total Return ETF
Active ETF
WBND
Price as of:
$20.17
- $0.00
- 0.00%
Primary Theme
N/A
fund company
Name
As of 08/29/2025Price
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
Vitals
YTD Return
4.6%
1 yr return
1.5%
3 Yr Avg Return
2.3%
5 Yr Avg Return
-3.2%
Net Assets
$11.1 M
Holdings in Top 10
21.2%
52 WEEK LOW AND HIGH
$20.2
$19.34
$20.96
Expenses
OPERATING FEES
Expense Ratio 0.69%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 10.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 08/29/2025Price
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
WBND - Profile
Distributions
- YTD Total Return 4.6%
- 3 Yr Annualized Total Return 2.3%
- 5 Yr Annualized Total Return -3.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.62%
- Dividend Yield 0.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Total Return ETF
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateOct 03, 2018
-
Shares Outstanding3400000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJulien Scholnick
Fund Description
Under normal market conditions, the fund will seek its investment objective by investing at least 80% of its assets in a portfolio comprised of fixed income securities, debt instruments, derivatives, equity securities of any type acquired in reorganizations of issuers of fixed income securities or debt instruments (“work out securities”), non‑convertible preferred securities, warrants, cash and cash equivalents, foreign currencies, and exchange-traded funds (“ETFs”) that provide exposure to these investments (“Principal Investments”). Debt instruments include loans and similar debt instruments.
As part of its 80% policy, the fund intends to invest in derivatives that (i) provide exposure to the Principal Investments, (ii) are used to risk manage the fund’s holdings, and/or (iii) are used to enhance returns. The risk management uses of derivatives will include managing (i) investment-related risks, (ii) risks due to fluctuations in securities prices, interest rates, or currency exchanges rates, (iii) risks due to the credit-worthiness of an issuer, and (iv) the effective duration of the fund’s portfolio. The types of derivatives in which the fund will invest include swaps and security-based swaps, futures and options on futures, currency forwards, swaptions and currency options and security options. As a result of the fund’s use of derivatives and to serve as collateral, the fund may also hold significant amounts of U.S. Treasury securities, cash and cash equivalents and foreign currencies in which certain derivatives are denominated.
The types of fixed income securities in which the fund may invest include corporate debt securities, U.S. and non‑U.S. government securities, asset-backed securities (“ABS”), mortgage-backed securities (“MBS”) (including commercial MBS (“CMBS”), residential MBS (“RMBS”) and non‑agency collateralized mortgage obligations (“CMOs”)), collateralized debt obligations (“CDOs”) and mortgage dollar rolls. The fixed income securities and debt instruments in which the fund may invest may pay fixed, variable or floating rates of interest. The fund will not invest more than 20% of its portfolio in ABS and non‑agency, non‑government sponsored enterprise and privately-issued MBS or more than 10% of the fund’s total assets in CDOs. The fund will also not invest more than 20% of its total assets in junior loans (e.g., debt instruments that are unsecured and subordinated).
Although the fund may invest in securities and debt instruments of any maturity, the fund expects the normal range of the fund’s effective duration to be approximately 2 to 9 years. Effective duration seeks to measure the expected sensitivity of market price to changes in interest rates, taking into account the anticipated effects of structural complexities (for example, some bonds can be prepaid by the issuer).
The fund may invest up to 30% of its assets in below investment grade fixed income securities or debt instruments. For these purposes, “investment grade” is defined as investments with a rating at the time of purchase in one of the four highest categories of at least one nationally recognized statistical rating organization (“NRSRO”) (e.g., BBB‑ or higher or Baa3 or higher) or, if unrated, securities of comparable quality at the time of purchase (as determined by the subadviser). Securities rated below investment grade (e.g., BB+ to D or Baa1 to C) or, if unrated, securities of comparable quality at the time of purchase (as determined by the subadviser) are commonly known as “junk bonds” or “high yield securities.”
The fund may invest in securities issued by both U.S. and non‑U.S. issuers (including issuers in emerging markets), but the fund will not invest more than 30% of its total assets in securities or debt instruments of non‑U.S. issuers or more than 25% of its total assets directly in non‑U.S. dollar denominated securities or debt instruments. For purposes of these limitations only, derivatives, warrants and U.S.-listed ETFs that provide indirect exposure to the investments described above will not be counted by the fund in calculating its holdings in non‑U.S. issuers or in non‑U.S. dollar denominated securities or debt instruments.
WBND - Performance
Return Ranking - Trailing
| Period | WBND Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.6% | -4.2% | 17.0% | 75.82% |
| 1 Yr | 1.5% | -6.1% | 10.8% | 97.36% |
| 3 Yr | 2.3%* | -5.6% | 10.0% | 87.43% |
| 5 Yr | -3.2%* | -3.2% | 31.9% | 100.00% |
| 10 Yr | N/A* | -0.4% | 74.4% | 6.07% |
* Annualized
Return Ranking - Calendar
| Period | WBND Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -5.7% | -11.8% | 4.6% | 97.59% |
| 2024 | 2.8% | -16.2% | 8.1% | 16.08% |
| 2023 | -23.3% | -34.7% | 0.3% | 99.55% |
| 2022 | -7.1% | -11.6% | 4.4% | 97.76% |
| 2021 | 4.8% | -9.9% | 946.1% | 39.44% |
Total Return Ranking - Trailing
| Period | WBND Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.6% | -4.2% | 17.0% | 75.82% |
| 1 Yr | 1.5% | -6.1% | 10.8% | 97.36% |
| 3 Yr | 2.3%* | -5.6% | 10.0% | 87.43% |
| 5 Yr | -3.2%* | -3.2% | 31.9% | 100.00% |
| 10 Yr | N/A* | -0.4% | 74.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | WBND Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -1.0% | -6.8% | 12.0% | 98.02% |
| 2024 | 6.2% | -12.6% | 11.9% | 42.18% |
| 2023 | -21.3% | -32.2% | 2.8% | 99.55% |
| 2022 | -3.1% | -5.9% | 9.2% | 97.53% |
| 2021 | 10.0% | -1.4% | 1009.0% | 19.78% |
WBND - Holdings
Concentration Analysis
| WBND | Category Low | Category High | WBND % Rank | |
|---|---|---|---|---|
| Net Assets | 11.1 M | 3.08 M | 360 B | 98.90% |
| Number of Holdings | 337 | 1 | 17694 | 78.11% |
| Net Assets in Top 10 | 2.36 M | 2.18 M | 35.2 B | 99.45% |
| Weighting of Top 10 | 21.23% | 4.5% | 116.8% | 50.94% |
Top 10 Holdings
- United States Treasury Note/Bond 3.90%
- Freddie Mac Pool 2.83%
- BNY CASH RESERVE 2.31%
- United States Treasury Note/Bond 1.91%
- Mexico Government International Bond 1.82%
- AerCap Ireland Capital DAC / AerCap Global Aviation Trust 1.75%
- Sands China Ltd 1.73%
- Government National Mortgage Association 1.70%
- Brazil Notas do Tesouro Nacional Serie F 1.69%
- Prosus NV 1.59%
Asset Allocation
| Weighting | Return Low | Return High | WBND % Rank | |
|---|---|---|---|---|
| Bonds | 99.79% | 0.00% | 220.25% | 24.92% |
| Other | 3.14% | -14.55% | 50.52% | 59.85% |
| Cash | 2.31% | -54.51% | 99.99% | 46.86% |
| Convertible Bonds | 0.94% | 0.00% | 7.93% | 71.62% |
| Stocks | 0.16% | 0.00% | 100.00% | 20.75% |
| Preferred Stocks | 0.00% | 0.00% | 73.60% | 62.16% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WBND % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | N/A |
| Technology | 0.00% | 0.00% | 43.45% | N/A |
| Real Estate | 0.00% | 0.00% | 99.26% | N/A |
| Industrials | 0.00% | 0.00% | 48.31% | N/A |
| Healthcare | 0.00% | 0.00% | 17.70% | N/A |
| Financial Services | 0.00% | 0.00% | 100.00% | N/A |
| Energy | 0.00% | 0.00% | 100.00% | N/A |
| Communication Services | 0.00% | 0.00% | 100.00% | N/A |
| Consumer Defense | 0.00% | 0.00% | 99.67% | N/A |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
| Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WBND % Rank | |
|---|---|---|---|---|
| US | 0.16% | 0.00% | 100.00% | 20.68% |
| Non US | 0.00% | 0.00% | 86.22% | 50.61% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | WBND % Rank | |
|---|---|---|---|---|
| Corporate | 38.19% | 0.00% | 100.00% | 28.05% |
| Securitized | 32.91% | 0.00% | 98.40% | 40.47% |
| Government | 14.57% | 0.00% | 86.23% | 77.16% |
| Cash & Equivalents | 2.31% | 0.00% | 96.18% | 44.44% |
| Derivative | 0.18% | -2.45% | 30.22% | 33.11% |
| Municipal | 0.00% | 0.00% | 100.00% | 86.92% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | WBND % Rank | |
|---|---|---|---|---|
| US | 97.54% | 0.00% | 220.25% | 36.41% |
| Non US | 2.26% | 0.00% | 41.32% | 19.36% |
WBND - Expenses
Operational Fees
| WBND Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.69% | 0.01% | 39.64% | 47.79% |
| Management Fee | 0.49% | 0.00% | 1.76% | 87.67% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 5.83% |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| WBND Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| WBND 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.
| WBND Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 10.00% | 2.00% | 493.39% | 0.78% |
WBND - Distributions
Dividend Yield Analysis
| WBND | Category Low | Category High | WBND % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.59% | 0.00% | 10.11% | 20.42% |
Dividend Distribution Analysis
| WBND | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| WBND | Category Low | Category High | WBND % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.62% | -1.28% | 4.79% | 8.26% |
Capital Gain Distribution Analysis
| WBND | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Aug 01, 2025 | $0.010 | OrdinaryDividend |
| Jul 01, 2025 | $0.010 | OrdinaryDividend |
| Jun 02, 2025 | $0.010 | OrdinaryDividend |
| May 01, 2025 | $0.025 | OrdinaryDividend |
| Apr 01, 2025 | $0.050 | OrdinaryDividend |
| Mar 03, 2025 | $0.050 | OrdinaryDividend |
| Feb 03, 2025 | $0.070 | OrdinaryDividend |
| Dec 26, 2024 | $0.072 | OrdinaryDividend |
| Dec 02, 2024 | $0.077 | OrdinaryDividend |
| Nov 01, 2024 | $0.053 | OrdinaryDividend |
| Oct 01, 2024 | $0.135 | OrdinaryDividend |
| Sep 03, 2024 | $0.086 | OrdinaryDividend |
| Aug 01, 2024 | $0.098 | OrdinaryDividend |
| Jul 01, 2024 | $0.121 | OrdinaryDividend |
| Jun 03, 2024 | $0.039 | OrdinaryDividend |
| May 01, 2024 | $0.061 | OrdinaryDividend |
| Apr 01, 2024 | $0.064 | OrdinaryDividend |
| Mar 01, 2024 | $0.094 | OrdinaryDividend |
| Feb 01, 2024 | $0.087 | OrdinaryDividend |
| Dec 26, 2023 | $0.085 | OrdinaryDividend |
| Dec 01, 2023 | $0.055 | OrdinaryDividend |
| Nov 01, 2023 | $0.083 | OrdinaryDividend |
| Oct 02, 2023 | $0.057 | OrdinaryDividend |
| Sep 01, 2023 | $0.094 | OrdinaryDividend |
| Aug 01, 2023 | $0.066 | OrdinaryDividend |
| Jul 03, 2023 | $0.086 | OrdinaryDividend |
| Jun 01, 2023 | $0.052 | OrdinaryDividend |
| Apr 03, 2023 | $0.077 | OrdinaryDividend |
| Oct 03, 2022 | $0.084 | OrdinaryDividend |
| Sep 01, 2022 | $0.067 | OrdinaryDividend |
| Aug 01, 2022 | $0.068 | OrdinaryDividend |
| Jul 01, 2022 | $0.066 | OrdinaryDividend |
| Jun 01, 2022 | $0.035 | OrdinaryDividend |
| May 02, 2022 | $0.065 | OrdinaryDividend |
| Apr 01, 2022 | $0.067 | OrdinaryDividend |
| Mar 01, 2022 | $0.050 | OrdinaryDividend |
| Feb 01, 2022 | $0.082 | OrdinaryDividend |
| Dec 27, 2021 | $0.189 | OrdinaryDividend |
| Dec 01, 2021 | $0.070 | OrdinaryDividend |
| Nov 01, 2021 | $0.059 | OrdinaryDividend |
| Oct 01, 2021 | $0.052 | OrdinaryDividend |
| Sep 01, 2021 | $0.058 | OrdinaryDividend |
| Aug 02, 2021 | $0.063 | OrdinaryDividend |
| Jul 01, 2021 | $0.066 | OrdinaryDividend |
| Jun 01, 2021 | $0.060 | OrdinaryDividend |
| Jun 01, 2021 | $0.130 | CapitalGainShortTerm |
| Jun 01, 2021 | $0.142 | CapitalGainLongTerm |
| May 03, 2021 | $0.059 | OrdinaryDividend |
| Apr 01, 2021 | $0.057 | OrdinaryDividend |
| Mar 01, 2021 | $0.046 | OrdinaryDividend |
| Feb 01, 2021 | $0.088 | OrdinaryDividend |
| Dec 28, 2020 | $0.187 | OrdinaryDividend |
| Dec 28, 2020 | $0.142 | CapitalGainShortTerm |
| Dec 28, 2020 | $0.388 | CapitalGainLongTerm |
| Dec 01, 2020 | $0.066 | OrdinaryDividend |
| Nov 02, 2020 | $0.062 | OrdinaryDividend |
| Oct 01, 2020 | $0.058 | OrdinaryDividend |
| Sep 01, 2020 | $0.063 | OrdinaryDividend |
| Aug 03, 2020 | $0.066 | OrdinaryDividend |
| Jul 01, 2020 | $0.024 | OrdinaryDividend |
| Jun 01, 2020 | $0.074 | OrdinaryDividend |
| May 01, 2020 | $0.054 | OrdinaryDividend |
| Apr 01, 2020 | $0.070 | OrdinaryDividend |
| Mar 02, 2020 | $0.057 | OrdinaryDividend |
| Feb 03, 2020 | $0.058 | OrdinaryDividend |
| Dec 26, 2019 | $0.108 | OrdinaryDividend |
| Dec 26, 2019 | $0.302 | CapitalGainShortTerm |
| Dec 26, 2019 | $0.192 | CapitalGainLongTerm |
| Dec 02, 2019 | $0.058 | OrdinaryDividend |
| Nov 01, 2019 | $0.032 | OrdinaryDividend |
| Oct 01, 2019 | $0.059 | OrdinaryDividend |
| Sep 03, 2019 | $0.127 | OrdinaryDividend |
| Aug 01, 2019 | $0.078 | OrdinaryDividend |
| Jul 01, 2019 | $0.079 | OrdinaryDividend |
| Jul 01, 2019 | $0.153 | CapitalGainLongTerm |
| Jun 03, 2019 | $0.078 | OrdinaryDividend |
| May 01, 2019 | $0.069 | OrdinaryDividend |
| Apr 01, 2019 | $0.053 | OrdinaryDividend |
| Mar 01, 2019 | $0.050 | OrdinaryDividend |
| Feb 01, 2019 | $0.111 | OrdinaryDividend |
| Dec 26, 2018 | $0.069 | OrdinaryDividend |
| Dec 03, 2018 | $0.067 | OrdinaryDividend |
WBND - Fund Manager Analysis
Managers
Julien Scholnick
Start Date
Tenure
Tenure Rank
Oct 03, 2018
3.66
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
John Bellows
Start Date
Tenure
Tenure Rank
Oct 03, 2018
3.66
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
Mark Lindbloom
Start Date
Tenure
Tenure Rank
Oct 03, 2018
3.66
3.7%
– 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.
S. Leech
Start Date
Tenure
Tenure Rank
Oct 03, 2018
3.66
3.7%
– 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
Frederick Marki
Start Date
Tenure
Tenure Rank
Oct 03, 2018
3.66
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 | 33.43 | 6.76 | 1.16 |