On Jan. 12, 2021, Harris Trifon, co-head of Western Asset's mortgage and consumer credit investment team, will leave the firm to pursue another opportunity. Trifon joined Western Asset in March 2014 and focused on commercial real estate debt research. Meanwhile, Western Asset is looking to fill Trifon's position with someone who has a similar focus. Greg Handler, co-head of mortgage and consumer credit, will continue to lead and oversee the team while assuming interim head responsibilities. Handler joined Western Asset in 2002 and is a lead portfolio manager on Western Asset's dedicated mortgage portfolios and a member of Western Asset's U.S. broad strategy committee.
Western Asset Mortgage Total Ret C LWMSX
NAV / 1-Day Return
10.11
/
0.09
%
Total Assets
720.7 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.640%
Expense Ratio
1.640%
Fee Level
High
Longest Manager Tenure
7.23
years
Category
Intermediate Core-Plus Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
1,000
Status
Open
TTM Yield
2.53%
Effective Duration
4.16
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will LWMSX 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 LWMSX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the LWMSX 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 LWMSX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Management Departure Doesn't Change Western Asset Mortgage Total Return's Morningstar Analyst Rating
