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Western Asset Core Bond I WATFX

Analyst rating as of
  • NAV / 1-Day Return 11.02  /  0.06 %
  • Total Assets 14.6 Bil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.460%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.90%
  • Effective Duration 7.11 years

Morningstar’s Analysis WATFX

Will WATFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Patience required.

Senior Analyst

Summary

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

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