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Western Asset Core Bond FI WAPIX Fund Analysis

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Morningstar’s Analysis WAPIX

Will WAPIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable WAPIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the WAPIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of WAPIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Key Manager Abruptly Departs Western Asset's Core and Core Plus Bond Funds; Ratings Under Review

null Mike Mulach

Mike Mulach

Analyst Note

Key portfolio manager and research analyst John Bellows unexpectedly left Western Asset on May 1, 2024. As the potential heir to co-CIO Ken Leech, Bellows played a key role as the firm's US Federal Reserve expert and, more recently, as head of its broad markets team. He had been an important contributor in comanaging the Western Asset Core Bond and Western Asset Core Plus Bond strategies as well. We are placing these strategies under review to evaluate the impact of Bellows' departure.

by Mike Mulach
Published on

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