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Western Asset Corporate Bond C LWBOX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.50  /  +0.39 %
  • Total Assets 1.0 Bil
  • Adj. Expense Ratio
    1.550%
  • Expense Ratio 1.550%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Corporate Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.20%
  • Effective Duration 7.18 years

USD | NAV as of Jun 12, 2024 | 1-Day Return as of Jun 12, 2024, 1:16 AM GMT+0

Morningstar’s Analysis LWBOX

Will LWBOX outperform in future?

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

Comanager Added to Western Asset Corporate Bond; Ratings Unchanged

null Mike Mulach

Mike Mulach

Analyst Note

Western Asset named investment-grade corporate bond manager Molly Schwartz to Western Asset Corporate Bond on March 1, 2024. In recent years, Schwartz, who has roughly 20 years of industry experience, spent her time on the US Broad Markets team focused on US Long Duration mandates. But this is a return to her roots: She spent many years under Ryan Brist’s corporate credit team as a trader and portfolio analyst. At the same time, Western removed pro forma manager and co-CIO Ken Leech from the fund, while co-CIO Michael Buchanan remains. This change does not impact the strategy’s Above Average People and Process ratings.

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Portfolio Holdings LWBOX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 6.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

1.33 13.5 Mil
Corporate

Usd/Eur Ffx Due 041924-Cross

1.05 10.7 Mil
Derivative

Credit Agricole S.A. 8.125%

0.96 9.7 Mil
Corporate

Israel (State Of) 5.5%

0.89 9.0 Mil
Government

Usd/Eur Ffx Due 041924

0.86 8.7 Mil
Derivative

Jpy/Usd Ffx Due 041924-Cross

0.78 7.9 Mil
Derivative

Nissan Motor Co Ltd. 3.522%

0.73 7.4 Mil
Corporate

Wynn Macau Ltd. 4.875%

0.71 7.2 Mil
Corporate

The Allstate Corporation 6.75%

0.71 7.2 Mil
Cash and Equivalents

Regal Rexnord Corporation 6.05%

0.67 6.8 Mil
Corporate