Morningstar

Western Asset Core Bond Fund Class I WATFX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $10.11  /  −0.39 %
  • Fund Size $1.5B
  • Adjusted Expense Ratio 0.430%
  • Net Expense Ratio 0.450%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category Intermediate Core Bond
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 4.68%
  • Average Effective Duration 6.21 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis WATFX

Will WATFX outperform in the 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 WATFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the WATFX 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 WATFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Analyst Ratings Unchanged After Surprise Manager Departure on Western Asset Core Bond.

null Max Curtin

Max Curtin

Analyst Note

The Morningstar Medalist Ratings for Western Asset Core Bond are unaffected by comanager Nicholas Mastroianni’s sudden exit, which parent firm Franklin Templeton disclosed in a Sept. 18, 2026, prospectus supplement.

by Max Curtin
Published on

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Portfolio Holdings WATFX

More WATFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 4.5%

6.40 101M
Government

United States Treasury Bonds 3.375%

4.28 68M
Government

United States Treasury Bonds 4%

1.97 31M
Government

Federal National Mortgage Association 3%

0.93 15M
Securitized

Government National Mortgage Association 2%

0.88 14M
Securitized

United States Treasury Notes 4.375%

0.78 12M
Government

Federal National Mortgage Association 5.5%

0.73 11M
Securitized

Government National Mortgage Association 3.5%

0.69 11M
Securitized

CSMC 2020-West 4.1448%

0.62 10M
Securitized

OBX Trust 2026-NQM2 5.417%

0.60 9M
Securitized

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