Western Asset Core Bond Institutional WACSX

… can tolerate more risk, so its profile should always look bolder than most peers, including sibling Western Asset Core Bond WATFX . And the firm remains well known for its tendency to rely on the strength of its credit research to edge out peers. But the …

… since early 2009, although it still lags its typical peer over the trailing five years. Sibling Western Asset Core Bond's WATFX record looks even better than this fund's now because it held larger stakes in the nonagency mortgages that rebounded so strongly …

The managers' emphasis on corporate and mortgage-backed bonds can weigh on performance when either sector is out of favor.Above-average volatility may tempt investors to buy or sell the fund at inopportune times.The managers are backed by a large and experienced staff.Relatively low expenses.This

… high - yield and investment - grade credit analysts , and he also oversees the high - yield stakes of Western Asset Core Bond WATFX and Western Asset Core Plus Bond WACIX . USAWAHYXSupporting PlayerSupporting Management incorporates top - down inputs from …

… Western Asset team won Morningstar's 2004 Fixed - Income Manager of the Year award for its work at Western Asset Core Bond WATFX . USASDSAXSupporting PlayerSupporting This fund , given changes in its strategy and management , got major makeovers in 2002 …

… mortgage-backed securities. This fund had been positioned a shade more conservatively than its sibling Western Asset Core Bond WATFX , yet its performance suffered when the markets froze up in September 2008. 2009's rally and the fund's 17.9% gain over …

… exits. 2009's rally has enabled the fund to regain some lost ground. Here and at its tamer sibling, Western Asset Core Bond WATFX , management has been taking some risk off the table, trimming back exposure to corporate bonds, and paring its stake in commercial …

Management's emphasis on corporate and mortgage-backed bonds can weigh on performance when either sector is out of favor.The fund has typically lagged its average peer in rising-rate environments.Above-average volatility may tempt investors to buy or sell the fund at inopportune times.Management is