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.
Western Asset Corporate Bond C1 SBILX
- NAV / 1-Day Return 10.24 / −0.28 %
- Total Assets 984.4 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.400%
- Distribution Fee Level Below Average
- Share Class Type Level Load
- Category Corporate Bond
- Credit Quality / Interest Rate Sensitivity Medium/Extensive
- Min. Initial Investment 1,000
- Status Closed
- TTM Yield 4.27%
- Effective Duration 7.33 years
USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:33 AM GMT+0
Morningstar’s Analysis SBILX
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Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- 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 |