Western Asset Core Plus Bond Fund Class IS

Frequently Asked Questions About WAPSX

What does WAPSX invest in?

The fund primarily allocates its capital across a spectrum of fixed-income instruments with varying maturities. Ordinarily, at least 80% of its net assets are dedicated to debt and other fixed-income securities. While it has flexibility regarding the maturities of its holdings, the fund typically maintains a dollar-weighted average effective duration that stays within 30% of the overall domestic bond market's average duration, as assessed by its subadvisers. Up to 20% of its total assets may be allocated to securities not denominated in U.S. dollars.

What is the expense ratio of WAPSX?

Western Asset Core Plus Bond Fund Class IS (WAPSX) charges an expense ratio of 0.43%. This is the annual fee deducted from fund assets to cover management and operations.

What is WAPSX's dividend yield?

WAPSX's trailing-twelve-month yield is 5.08%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of WAPSX?

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

What is the credit quality of WAPSX?

WAPSX'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 WAPSX?

Yield to maturity (YTM) is the total return you'd earn from WAPSX if every bond in the portfolio is held to maturity at the current price. WAPSX'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.