WAHSX: Western Asset High Yield IS

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WAHSX Western Asset High Yield IS


Profile

WAHSX - Profile

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return -0.4%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $245 M
  • Holdings in Top 10 12.4%

52 WEEK LOW AND HIGH

$8.13
$7.84
$8.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.70%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 71.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return -1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.79%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset High Yield Fund
  • Fund Family Name
    Legg Mason
  • Inception Date
    Aug 04, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Buchanan

Fund Description

The fund normally invests at least 80% of its net assets in U.S. dollar denominated debt or fixed income securities that are rated below investment grade at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations or are of a comparable quality as determined by the subadviser. The fund managers consider securities that are rated below the Baa or BBB categories to be rated below investment grade. The fund may also enter into various exchange-traded and over-the-counter derivative transactions for both hedging and non-hedging purposes.


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Categories

Performance

WAHSX - Performance

Return Ranking - Trailing

Period WAHSX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -3.7% 2.6% 54.55%
1 Yr 3.0% -8.6% 21.5% 33.33%
3 Yr -0.4%* -6.7% 6.6% 41.39%
5 Yr -1.2%* -7.0% 6.2% 67.32%
10 Yr -0.4%* -5.7% 8.5% 60.55%

* Annualized

Return Ranking - Calendar

Period WAHSX Return Category Return Low Category Return High Rank in Category (%)
2019 8.8% -6.2% 13.3% 21.38%
2018 -8.6% -13.5% 0.0% 57.03%
2017 1.5% -9.5% 6.3% 49.79%
2016 8.5% -0.8% 28.6% 24.45%
2015 -13.1% -34.3% 3.5% 80.79%

Total Return Ranking - Trailing

Period WAHSX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -3.7% 2.6% 54.55%
1 Yr 3.0% -8.6% 21.5% 35.51%
3 Yr -0.4%* -6.7% 6.6% 54.51%
5 Yr -1.2%* -5.6% 6.2% 74.63%
10 Yr -0.4%* -1.8% 8.5% 77.06%

* Annualized

Total Return Ranking - Calendar

Period WAHSX Return Category Return Low Category Return High Rank in Category (%)
2019 8.8% -6.2% 13.3% 23.55%
2018 -8.6% -13.5% 1.3% 66.92%
2017 1.5% -8.5% 10.5% 60.17%
2016 8.5% -0.8% 39.0% 40.17%
2015 -13.1% -32.4% 3.5% 82.76%

NAV & Total Return History


Holdings

WAHSX - Holdings

Concentration Analysis

WAHSX Category Low Category High WAHSX % Rank
Net Assets 245 M 1.85 M 12.5 B 53.19%
Number of Holdings 380 3 1626 30.42%
Net Assets in Top 10 30.9 M -144 M 18.9 B 55.59%
Weighting of Top 10 12.38% 5.3% 99.1% 61.54%

Top 10 Holdings

  1. ALTICE FRANCE S.A 7.38% 1.68%
  2. Sprint Capital Corporation 8.75% 1.42%
  3. Invesco Senior Loan ETF 1.41%
  4. FREEPORT-MCMORAN INC 5.45% 1.39%
  5. DISH DBS Corporation 5.88% 1.31%
  6. United Rentals (North America), Inc. 5.25% 1.17%
  7. DISH DBS Corporation 7.75% 1.13%
  8. Global Aircraft Leasing Co Ltd 6.5% 0.99%
  9. HudBay Minerals Inc 7.62% 0.98%
  10. Valeant Pharmaceuticals International 9.25% 0.90%

Asset Allocation

Weighting Return Low Return High WAHSX % Rank
Bonds
94.18% 4.58% 154.37% 46.50%
Convertible Bonds
2.57% 0.00% 13.62% 18.88%
Cash
2.13% -31.43% 87.02% 70.98%
Stocks
1.02% -3.36% 23.81% 27.62%
Preferred Stocks
0.09% 0.00% 12.17% 40.91%
Other
0.02% -55.55% 14.94% 34.97%

Stock Sector Breakdown

Weighting Return Low Return High WAHSX % Rank
Energy
99.99% 0.00% 100.00% 22.78%
Communication Services
0.01% 0.00% 88.90% 36.67%
Utilities
0.00% 0.00% 54.89% 68.89%
Technology
0.00% 0.00% 100.00% 72.78%
Real Estate
0.00% 0.00% 86.85% 67.78%
Industrials
0.00% 0.00% 100.00% 74.44%
Healthcare
0.00% 0.00% 68.47% 75.00%
Financial Services
0.00% 0.00% 100.00% 71.67%
Consumer Defense
0.00% 0.00% 65.85% 67.22%
Consumer Cyclical
0.00% 0.00% 100.00% 81.11%
Basic Materials
0.00% 0.00% 100.00% 74.44%

Stock Geographic Breakdown

Weighting Return Low Return High WAHSX % Rank
US
1.02% -1.43% 18.53% 22.03%
Non US
0.00% -3.36% 8.41% 69.58%

Bond Sector Breakdown

Weighting Return Low Return High WAHSX % Rank
Corporate
91.73% 0.00% 99.46% 41.75%
Securitized
4.85% 0.00% 89.27% 20.70%
Cash & Equivalents
2.28% -9.91% 87.02% 77.89%
Government
0.88% 0.00% 98.94% 41.40%
Derivative
0.26% 0.00% 35.62% 29.82%
Municipal
0.00% 0.00% 18.42% 63.86%

Bond Geographic Breakdown

Weighting Return Low Return High WAHSX % Rank
US
72.17% 4.58% 99.23% 40.21%
Non US
22.01% 0.00% 67.56% 45.10%

Expenses

WAHSX - Expenses

Operational Fees

WAHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.04% 33.79% 90.55%
Management Fee 0.55% 0.00% 1.84% 36.27%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.50% N/A

Sales Fees

WAHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WAHSX 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.

WAHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 0.00% 484.00% 67.99%

Distributions

WAHSX - Distributions

Dividend Yield Analysis

WAHSX Category Low Category High WAHSX % Rank
Dividend Yield 0.89% 0.00% 3.46% 40.63%

Dividend Distribution Analysis

WAHSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

WAHSX Category Low Category High WAHSX % Rank
Net Income Ratio 5.79% -1.74% 9.72% 24.55%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

WAHSX - Fund Manager Analysis

Managers

Michael Buchanan


Start Date

Tenure

Tenure Rank

Aug 01, 2005

14.51

14.5%

– 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

7.42

7.4%

Walter E. Kilcullen is Portfolio Manager and Senior Trader with Western Asset Management Company. Prior to joining the Firm in 2002, Mr. Kilcullen was Head High-Yield Trader with Seix Investment Investors. Mr. Kilcullen holds a Bachelor of Arts in Economics from the University of Massachusetts, Amherst.

S. Leech


Start Date

Tenure

Tenure Rank

Mar 31, 2014

5.84

5.8%

– 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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.52 5.84 2.25