Morningstar

Western Asset Core Plus Bond Fund Class IS WAPSX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $8.76  /  0.00
  • Fund Size $3.2B
  • Adjusted Expense Ratio 0.430%
  • Net Expense Ratio 0.420%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category Intermediate Core-Plus Bond
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 5.15%
  • Average Effective Duration 6.16 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis WAPSX

Will WAPSX outperform in the 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.

Analyst Ratings Unchanged After Surprise Manager Departure on Western Asset Core Plus Bond.

null Max Curtin

Max Curtin

Analyst Note

The Morningstar Medalist Ratings for Western Asset Core Plus Bond are unaffected by comanager Nicholas Mastroianni’s sudden exit, which parent firm Franklin Templeton disclosed in a Sept. 18, 2026, prospectus supplement.

by Max Curtin
Published on

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Portfolio Holdings WAPSX

More WAPSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

U.S. Treasury Bond Stripped Principal Payment 0%

1.31 42M
Government

United States Treasury Notes 4.25%

1.30 41M
Government

Federal National Mortgage Association 5%

1.24 40M
Securitized

United States Treasury Bonds 2.875%

1.10 35M
Government

USD/AUD FFX DUE 101626 Purchased

0.95 30M
Derivative

United States Treasury Bonds 4.75%

0.90 29M
Government

USD/EUR FFX DUE 101626 Purchased

0.85 27M
Derivative

Resrvble For Fut & Opt

0.79 25M
Cash and Equivalents

Government National Mortgage Association 2%

0.78 25M
Securitized

United States Treasury Notes 4.375%

0.73 23M
Government

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