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Morningstar

Western Asset Core Plus Bond IS WAPSX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.30  /  0.55 %
  • Total Assets 22.1 Bil
  • Adj. Expense Ratio
    0.420%
  • Expense Ratio 0.420%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 4.45%
  • Effective Duration 7.61 years

USD | NAV as of Dec 07, 2023 | 1-Day Return as of Dec 07, 2023, 1:28 AM GMT+0

Morningstar’s Analysis WAPSX

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

People Pillar

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

A volatile approach that could be worth a look.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

Western Asset Core Plus Bond’s capable management and thorough relative value approach remain a draw. Still, it can take on high volatility, so investors may be better served using this as a piece rather than a cornerstone of their fixed-income portfolio.

by Mike Mulach
Rated on Published on

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Portfolio Holdings WAPSX

More WAPSX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 2885
  • Other Holdings 157
  • % Assets in Top 10 Holdings 9.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fx Fut Jpn Yen Curr Fut Dec23

2.57
566,761,602
Derivative

Usd/Aud Ffx Due 102023

2.48
546,264,628
Derivative

Usd/Gbp Ffx Due 102023-Cross

2.08
458,645,604
Derivative

Western Asset Prem Instl Govtt Rsrv Pref

2.08
458,586,884
Cash and Equivalents

Cad/Usd Ffx Due 102023-Cross

2.08
457,903,412
Derivative

Mexico (United Mexican States) 7.75%

1.79
394,247,370
Government

Fx Fut Euro Fx Curr Fut Dec23

1.43
315,110,481
Derivative

Mexico (United Mexican States) 8%

1.35
298,380,822
Government

Cad/Usd Ffx Due 102023

1.19
262,019,946
Derivative

United States Treasury Notes 1.125%

1.18
260,106,089
Government