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Morningstar

Western Asset Corporate Bond P LCBPX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.00  /  0.48 %
  • Total Assets 962.6 Mil
  • Adj. Expense Ratio
    1.090%
  • Expense Ratio 1.090%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Corporate Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 4.35%
  • Effective Duration 7.40 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 12:12 AM GMT+0

Morningstar’s Analysis LCBPX

Will LCBPX 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 LCBPX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

Mike Buchanan Named Co-CIO of Western Asset; Ratings Unchanged

null Mike Mulach

Mike Mulach

Analyst Note

Western Asset named Mike Buchanan as co-CIO alongside Ken Leech on Sept. 1, 2023. While there are no indications that Leech has imminent plans to retire, we view this as part of prudent succession planning rather than a significant shift in investment responsibilities. Buchanan remains Western’s head of global credit and has been Western’s deputy CIO since 2015.

by Mike Mulach
Published on

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Portfolio Holdings LCBPX

More LCBPX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 671
  • Other Holdings 57
  • % Assets in Top 10 Holdings 8.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Credit Suisse AG New York Branch 0.52%

1.47
14,523,918
Cash and Equivalents

Western Asset Prem Instl Govtt Rsrv Pref

1.40
13,855,443
Cash and Equivalents

WEA Finance LLC / Westfield UK & Europe Finance PLC 3.75%

1.32
13,016,010
Corporate

ZF North America Capital, Inc. 4.75%

0.99
9,820,137
Corporate

Credit Agricole S.A. 8.125%

0.92
9,072,325
Corporate

Danske Bank A/S 6.466%

0.90
8,914,768
Corporate

Usd/Eur Ffx Due 071823

0.89
8,811,008
Derivative

Nissan Motor Co Ltd. 3.043%

0.80
7,945,878
Cash and Equivalents

Danske Bank A/S 4.298%

0.76
7,561,248
Corporate

Sands China Ltd 5.625%

0.74
7,305,534
Corporate