Western Asset Income Fund
Fund
WAGIX
Price as of:
$5.10
- $0.01
- 0.20%
Primary Theme
fund company
Name
As of 10/09/2024Price
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
6.1%
1 yr return
13.0%
3 Yr Avg Return
0.8%
5 Yr Avg Return
2.2%
Net Assets
$1.23 B
Holdings in Top 10
9.2%
52 WEEK LOW AND HIGH
$5.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.54%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 71.00%
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 10/09/2024Price
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
WAGIX - Profile
Distributions
- YTD Total Return 6.1%
- 3 Yr Annualized Total Return 0.8%
- 5 Yr Annualized Total Return 2.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.12%
- Dividend Yield 6.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameWestern Asset Income Fund
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateOct 23, 2014
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Buchanan
Fund Description
Under normal circumstances, the fund invests in a globally diverse portfolio of fixed income securities. The subadviser has broad discretion to invest in all types of fixed income securities and to allocate the fund’s assets among all segments of the global market for fixed income securities, with no specified minimum or maximum investment in any one segment, including U.S. and foreign corporate debt, including emerging market corporate debt, mortgage- and asset-backed securities, sovereign debt, including emerging market sovereign debt, and U.S. government obligations. 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 securities 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). Below investment grade securities are commonly referred to as “high yield” or “junk” bonds. The fund may invest without limit in foreign securities denominated either in U.S. dollars or foreign currencies.
The fund may invest in securities of any maturity. The maturity of a fixed income security is a measure of the time remaining until the final payment on the security is due. The dollar-weighted average effective duration of the fund’s portfolio, as estimated by the subadviser, is normally expected to be between 0 and 10 years. Effective duration seeks to measure the expected sensitivity of market price to changes in interest rates, taking into account the anticipated effects of particular features of a security (for example, some bonds can be prepaid by the issuer).
Instead of, and/or in addition to, investing directly in particular securities, the fund may use instruments such as derivatives, including options, forwards, interest rate swaps and other swaps (including buying and selling credit default swaps and options on credit default swaps), foreign currency futures, forwards and options, and 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, subject to applicable regulatory requirements. For additional information regarding derivatives, see “More on the fund’s investment strategies, investments and risks—Derivatives” in the Prospectus.
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.
WAGIX - Performance
Return Ranking - Trailing
| Period | WAGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.1% | -8.0% | 14.8% | 41.19% |
| 1 Yr | 13.0% | -6.3% | 30.2% | 26.34% |
| 3 Yr | 0.8%* | -16.6% | 16.8% | 61.70% |
| 5 Yr | 2.2%* | -14.0% | 14.3% | 55.68% |
| 10 Yr | N/A* | -6.9% | 6.8% | 37.09% |
* Annualized
Return Ranking - Calendar
| Period | WAGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.0% | -12.0% | 15.7% | 64.68% |
| 2022 | -17.3% | -31.8% | 18.4% | 84.95% |
| 2021 | -1.6% | -16.2% | 25.7% | 52.51% |
| 2020 | -1.1% | -31.1% | 18.7% | 72.54% |
| 2019 | 6.1% | -6.1% | 15.3% | 32.70% |
Total Return Ranking - Trailing
| Period | WAGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.1% | -8.0% | 14.8% | 41.19% |
| 1 Yr | 13.0% | -6.3% | 30.2% | 26.34% |
| 3 Yr | 0.8%* | -16.6% | 16.8% | 61.70% |
| 5 Yr | 2.2%* | -14.0% | 14.3% | 55.68% |
| 10 Yr | N/A* | -6.9% | 6.8% | 33.52% |
* Annualized
Total Return Ranking - Calendar
| Period | WAGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.8% | -6.9% | 22.2% | 14.07% |
| 2022 | -11.9% | -31.8% | 21.1% | 75.08% |
| 2021 | 3.2% | -13.5% | 49.9% | 28.36% |
| 2020 | 4.6% | -28.6% | 24.1% | 58.80% |
| 2019 | 12.8% | -4.8% | 19.1% | 10.08% |
NAV & Total Return History
WAGIX - Holdings
Concentration Analysis
| WAGIX | Category Low | Category High | WAGIX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.23 B | 2.53 M | 143 B | 38.11% |
| Number of Holdings | 741 | 4 | 9195 | 35.03% |
| Net Assets in Top 10 | 107 M | -204 M | 80.4 B | 60.03% |
| Weighting of Top 10 | 9.18% | 6.2% | 209.5% | 91.91% |
Top 10 Holdings
- Western Asset Premier Institutional Government Reserves 3.42%
- Inter-American Development Bank 1.00%
- Mexican Bonos 0.94%
- CSC Holdings LLC 0.69%
- Mexican Bonos 0.65%
- Occidental Petroleum Corp 0.55%
- Intesa Sanpaolo SpA 0.53%
- Berry Petroleum Co LLC 0.48%
- Accelerate360 Holdings LLC 0.46%
- CHS/Community Health Systems Inc 0.46%
Asset Allocation
| Weighting | Return Low | Return High | WAGIX % Rank | |
|---|---|---|---|---|
| Bonds | 93.31% | 0.00% | 192.97% | 40.43% |
| Cash | 4.50% | -94.66% | 91.07% | 39.66% |
| Convertible Bonds | 2.70% | 0.00% | 33.50% | 32.65% |
| Other | 2.17% | -73.61% | 112.16% | 53.24% |
| Stocks | 0.02% | -4.92% | 99.66% | 67.13% |
| Preferred Stocks | 0.00% | 0.00% | 26.42% | 94.29% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WAGIX % Rank | |
|---|---|---|---|---|
| Financial Services | 77.45% | 0.00% | 100.00% | 9.12% |
| Energy | 22.55% | 0.00% | 100.00% | 37.32% |
| Utilities | 0.00% | 0.00% | 100.00% | 93.73% |
| Technology | 0.00% | 0.00% | 28.30% | 94.02% |
| Real Estate | 0.00% | 0.00% | 100.00% | 94.30% |
| Industrials | 0.00% | 0.00% | 100.00% | 96.01% |
| Healthcare | 0.00% | 0.00% | 18.60% | 94.02% |
| Communication Services | 0.00% | 0.00% | 100.00% | 95.16% |
| Consumer Defense | 0.00% | 0.00% | 99.97% | 93.16% |
| Consumer Cyclical | 0.00% | 0.00% | 89.95% | 93.73% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 94.87% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WAGIX % Rank | |
|---|---|---|---|---|
| Non US | 0.02% | -0.26% | 17.73% | 12.96% |
| US | 0.00% | -4.84% | 99.66% | 68.83% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | WAGIX % Rank | |
|---|---|---|---|---|
| Corporate | 45.72% | 0.00% | 96.66% | 38.69% |
| Securitized | 15.28% | 0.00% | 99.65% | 55.41% |
| Government | 3.99% | 0.00% | 99.43% | 72.61% |
| Cash & Equivalents | 3.42% | 0.00% | 88.00% | 46.28% |
| Derivative | 0.33% | -73.61% | 112.16% | 27.55% |
| Municipal | 0.00% | 0.00% | 54.26% | 93.47% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | WAGIX % Rank | |
|---|---|---|---|---|
| US | 87.60% | 0.00% | 192.97% | 38.58% |
| Non US | 5.70% | 0.00% | 74.14% | 37.50% |
WAGIX - Expenses
Operational Fees
| WAGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.54% | 0.03% | 20.67% | 94.92% |
| Management Fee | 0.50% | 0.00% | 2.29% | 27.26% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
| WAGIX 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% | 1.50% | N/A |
Trading Fees
| WAGIX 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.
| WAGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 71.00% | 0.00% | 632.00% | 43.76% |
WAGIX - Distributions
Dividend Yield Analysis
| WAGIX | Category Low | Category High | WAGIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.93% | 0.00% | 23.30% | 6.88% |
Dividend Distribution Analysis
| WAGIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| WAGIX | Category Low | Category High | WAGIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.12% | -1.55% | 11.51% | 16.61% |
Capital Gain Distribution Analysis
| WAGIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.030 | OrdinaryDividend |
| Aug 30, 2024 | $0.035 | OrdinaryDividend |
| Jul 31, 2024 | $0.034 | OrdinaryDividend |
| Apr 30, 2024 | $0.031 | OrdinaryDividend |
| Mar 28, 2024 | $0.034 | OrdinaryDividend |
| Feb 29, 2024 | $0.031 | OrdinaryDividend |
| Jan 31, 2024 | $0.034 | OrdinaryDividend |
| Dec 29, 2023 | $0.035 | OrdinaryDividend |
| Nov 30, 2023 | $0.032 | OrdinaryDividend |
| Oct 31, 2023 | $0.032 | OrdinaryDividend |
| Sep 29, 2023 | $0.033 | OrdinaryDividend |
| Aug 31, 2023 | $0.032 | OrdinaryDividend |
| Jul 31, 2023 | $0.031 | OrdinaryDividend |
| Jun 30, 2023 | $0.035 | OrdinaryDividend |
| May 31, 2023 | $0.033 | OrdinaryDividend |
| Apr 28, 2023 | $0.029 | OrdinaryDividend |
| Mar 31, 2023 | $0.035 | OrdinaryDividend |
| Feb 28, 2023 | $0.029 | OrdinaryDividend |
| Jan 31, 2023 | $0.029 | OrdinaryDividend |
| Dec 30, 2022 | $0.034 | OrdinaryDividend |
| Nov 30, 2022 | $0.029 | OrdinaryDividend |
| Oct 31, 2022 | $0.027 | OrdinaryDividend |
| Sep 30, 2022 | $0.030 | OrdinaryDividend |
| Aug 31, 2022 | $0.028 | OrdinaryDividend |
| Jul 29, 2022 | $0.000 | ReturnOfCapital |
| Jul 29, 2022 | $0.026 | OrdinaryDividend |
| Jun 30, 2022 | $0.000 | ReturnOfCapital |
| Jun 30, 2022 | $0.024 | OrdinaryDividend |
| May 31, 2022 | $0.000 | ReturnOfCapital |
| May 31, 2022 | $0.023 | OrdinaryDividend |
| Apr 29, 2022 | $0.000 | ReturnOfCapital |
| Apr 29, 2022 | $0.023 | OrdinaryDividend |
| Mar 31, 2022 | $0.000 | ReturnOfCapital |
| Mar 31, 2022 | $0.024 | OrdinaryDividend |
| Feb 28, 2022 | $0.000 | ReturnOfCapital |
| Feb 28, 2022 | $0.020 | OrdinaryDividend |
| Jan 31, 2022 | $0.000 | ReturnOfCapital |
| Jan 31, 2022 | $0.021 | OrdinaryDividend |
| Dec 31, 2021 | $0.025 | OrdinaryDividend |
| Nov 30, 2021 | $0.022 | OrdinaryDividend |
| Oct 29, 2021 | $0.024 | OrdinaryDividend |
| Sep 30, 2021 | $0.022 | OrdinaryDividend |
| Aug 31, 2021 | $0.022 | OrdinaryDividend |
| Jul 30, 2021 | $0.024 | OrdinaryDividend |
| Jun 30, 2021 | $0.022 | OrdinaryDividend |
| May 28, 2021 | $0.021 | OrdinaryDividend |
| Apr 30, 2021 | $0.023 | OrdinaryDividend |
| Mar 31, 2021 | $0.020 | OrdinaryDividend |
| Feb 26, 2021 | $0.021 | OrdinaryDividend |
| Jan 29, 2021 | $0.021 | OrdinaryDividend |
| Dec 31, 2020 | $0.026 | OrdinaryDividend |
| Nov 30, 2020 | $0.023 | OrdinaryDividend |
| Oct 30, 2020 | $0.026 | OrdinaryDividend |
| Sep 30, 2020 | $0.023 | OrdinaryDividend |
| Aug 31, 2020 | $0.022 | OrdinaryDividend |
| Jul 31, 2020 | $0.016 | ReturnOfCapital |
| Jul 31, 2020 | $0.007 | OrdinaryDividend |
| Jun 30, 2020 | $0.016 | ReturnOfCapital |
| Jun 30, 2020 | $0.007 | OrdinaryDividend |
| May 29, 2020 | $0.017 | ReturnOfCapital |
| May 29, 2020 | $0.008 | OrdinaryDividend |
| Apr 30, 2020 | $0.019 | ReturnOfCapital |
| Apr 30, 2020 | $0.009 | OrdinaryDividend |
| Mar 31, 2020 | $0.019 | ReturnOfCapital |
| Mar 31, 2020 | $0.009 | OrdinaryDividend |
| Feb 28, 2020 | $0.018 | ReturnOfCapital |
| Feb 28, 2020 | $0.008 | OrdinaryDividend |
| Jan 31, 2020 | $0.021 | ReturnOfCapital |
| Jan 31, 2020 | $0.010 | OrdinaryDividend |
| Dec 31, 2019 | $0.031 | OrdinaryDividend |
| Nov 29, 2019 | $0.032 | OrdinaryDividend |
| Oct 31, 2019 | $0.033 | OrdinaryDividend |
| Sep 30, 2019 | $0.028 | OrdinaryDividend |
| Aug 30, 2019 | $0.031 | OrdinaryDividend |
| Jul 31, 2019 | $0.024 | OrdinaryDividend |
| Dec 18, 2015 | $0.226 | ExtraDividend |
WAGIX - Fund Manager Analysis
Managers
Michael Buchanan
Start Date
Tenure
Tenure Rank
Apr 16, 2007
15.13
15.1%
– 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
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
Annabel Rudebeck
Start Date
Tenure
Tenure Rank
May 01, 2017
5.08
5.1%
– Western Asset Management Company Limited – Head of Non-US Credit, 2016- – Rogge Global Partners – Senior Partner, Head of Global Investment Grade Credit, 2004-2016 – JP Morgan Securities – Associate, Credit Research, 1999-2003 – University of Cambridge, B.A. (Hons), M.A., Economics
Mark Lindbloom
Start Date
Tenure
Tenure Rank
May 01, 2018
4.08
4.1%
– 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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 28.19 | 5.72 | 3.19 |