Western Asset Bond ETF

Frequently Asked Questions About WABF

What does WABF invest in?

This ETF aims to achieve the highest possible overall return by primarily allocating its assets to a collection of U.S.-issued debt and other fixed-income instruments with diverse maturation dates. Its managers generally strive to keep the portfolio's average effective duration within a 20% variance of the average duration seen in the broader U.S. bond market.

What is the expense ratio of WABF?

Western Asset Bond ETF (WABF) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is WABF's dividend yield?

WABF's trailing-twelve-month yield is 5.27%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of WABF?

Effective duration measures WABF's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. WABF's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of WABF?

WABF's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of WABF?

Yield to maturity (YTM) is the total return you'd earn from WABF if every bond in the portfolio is held to maturity at the current price. WABF's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.