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Morningstar

Western Asset Mortgage Total Ret IS LMBSX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.02  /  −0.36 %
  • Total Assets 404.7 Mil
  • Adj. Expense Ratio
    0.560%
  • Expense Ratio 0.560%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.91%
  • Effective Duration 6.52 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:33 AM GMT+0

Morningstar’s Analysis LMBSX

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

  • People Pillar

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

Co-CIO Buchanan Named to Western Asset Mortgage Total Return; Ratings Unchanged

null Mike Mulach

Mike Mulach

Analyst Note

Western Asset named new co-CIO Mike Buchanan as a pro forma comanager on Western Asset Mortgage Total Return on March 1, 2024. At the same time, Western removed longtime pro forma comanager and current co-CIO Ken Leech from the fund. These changes don’t impact the day-to-day management of the fund or its Average People and Process ratings.

by Mike Mulach
Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings LMBSX

More LMBSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association 5%

4.10 17.1 Mil
Securitized

Federal Home Loan Mortgage Corp. 3%

3.38 14.1 Mil
Securitized

Government National Mortgage Association 2.5%

3.37 14.1 Mil
Securitized

Federal National Mortgage Association 5.5%

3.10 12.9 Mil
Securitized

Government National Mortgage Association 2%

2.79 11.6 Mil
Securitized

Federal National Mortgage Association 5%

2.32 9.7 Mil
Securitized

Federal National Mortgage Association 6%

1.86 7.8 Mil
Securitized

Government National Mortgage Association 5.5%

1.80 7.5 Mil
Securitized

Government National Mortgage Association 4.5%

1.64 6.8 Mil
Securitized

REDWOOD FUNDING TRUST 4.968%

1.47 6.1 Mil
Securitized