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Morningstar

Western Asset Mortgage Total Ret A SGVAX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.06  /  0.46 %
  • Total Assets 449.6 Mil
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 0.950%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.54%
  • Effective Duration 6.68 years

USD | NAV as of Dec 09, 2023 | 1-Day Return as of Dec 09, 2023, 1:30 AM GMT+0

Morningstar’s Analysis SGVAX

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

People Pillar

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

Mike Buchanan Named Co-CIO of Western Asset; Ratings Unchanged

null Mike Mulach

Mike Mulach

Analyst Note

Western Asset named Mike Buchanan as co-CIO alongside Ken Leech on Sept. 1, 2023. While there are no indications that Leech has imminent plans to retire, we view this as part of prudent succession planning rather than a significant shift in investment responsibilities. Buchanan remains Western’s head of global credit and has been Western’s deputy CIO since 2015.

by Mike Mulach
Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings SGVAX

More SGVAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 696
  • Other Holdings 13
  • % Assets in Top 10 Holdings 20.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 5.5%

3.27
14,781,774
Securitized

Federal Home Loan Mortgage Corporation 3%

3.15
14,220,509
Securitized

Federal National Mortgage Association 6%

2.43
10,953,480
Securitized

Federal National Mortgage Association 2.5%

2.27
10,233,776
Securitized

Government National Mortgage Association 5%

1.95
8,810,402
Securitized

Federal National Mortgage Association 6.5%

1.80
8,136,693
Securitized

Government National Mortgage Association 6%

1.76
7,925,712
Securitized

REDWOOD FUNDING TRUST 4.968%

1.39
6,269,961
Securitized

Government National Mortgage Association 3%

1.30
5,890,200
Securitized

Federal Home Loan Mortgage Corporation 17.17943%

1.26
5,683,296
Securitized