Morningstar

Western Asset Core Bond Fund Class I WATFX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.54  /  0.00
  • Total Assets 1.7B
  • Adj. Expense Ratio
    0.430%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 4.26%
  • Effective Duration 6.02 years

USD | NAV as of Jun 11, 2026 | 1-Day Return as of Jun 11, 2026, 12:42 AM GMT+0

Morningstar’s Analysis WATFX

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

  • People Pillar

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

Analyst Ratings Unchanged After Manager Swaps on Western Asset Core Bond

null Max Curtin

Max Curtin

Analyst Note

On April 17, 2026, Franklin Templeton announced several portfolio manager departures as part of a series of voluntary retirement offers extended to eligible employees in February 2026. The program was offered to an undisclosed number of employees, including professionals from Franklin’s public markets investment groups, based on certain age and firm tenure criteria. Franklin communicated that the departures, which will occur on differing timelines depending on individual team needs, affect less than 5% of public markets investment professionals.

by Max Curtin
Published on

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Portfolio Holdings WATFX

More WATFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 4.5%

6.82 118M
Government

United States Treasury Bonds 3.375%

5.51 95M
Government

Federal National Mortgage Association 5.5%

1.07 18M
Securitized

Federal National Mortgage Association 3%

0.90 16M
Securitized

Government National Mortgage Association 2%

0.81 14M
Securitized

United States Treasury Notes 2.125%

0.80 14M
Government

Tsmc Arizona Corp. 2.5%

0.80 14M
Corporate

Federal National Mortgage Association 2%

0.68 12M
Securitized

Government National Mortgage Association 3.5%

0.65 11M
Securitized

Federal National Mortgage Association 6%

0.65 11M
Securitized

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