Western Asset Mortgage Total Return benefits from an experienced team, but it's lean and has had a bout of turnover. This underpins its Morningstar Analyst Rating of Neutral on its cheaper share classes, while its most expensive ones are rated Negative.
Will LWMSX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of LWMSX’s parent organization’s priorities and whether they’re in line with investors’ interests.