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Morningstar

Western Asset Core Plus Bond I WACPX

Morningstar Analyst Rating
Analyst rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.72  /  0.91 %
  • Total Assets 27.7 Bil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 3.40%
  • Effective Duration 7.66 years

USD | NAV as of Feb 07, 2023 | 1-Day Return as of Feb 07, 2023, 1:22 AM GMT+00:00

Morningstar’s Analysis WACPX

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

People Pillar

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

Patience required.

Senior Analyst

Summary

| by Mike Mulach

Western Asset Core Plus Bond still benefits from an experienced and capable group of managers, but some of the key supporting sector teams no longer stand out on their own. Risk management practices are another source of concern, even if the team’s relative value approach remains thoughtful. The Morningstar Analyst Ratings for the cheapest shares have been downgraded to Bronze from Gold, with more expensive share classes rated Neutral.

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