Continue to site >
Trending ETFs

Western Asset Short-Term Bond Fund

mutual fund
SBSTX
Payout Change
Pending
Price as of:
$3.65 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
SBSTX (Mutual Fund)

Western Asset Short-Term Bond Fund

Payout Change
Pending
Price as of:
$3.65 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
SBSTX (Mutual Fund)

Western Asset Short-Term Bond Fund

Payout Change
Pending
Price as of:
$3.65 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$3.65

$589 M

4.19%

$0.15

0.75%

Vitals

YTD Return

1.6%

1 yr return

4.9%

3 Yr Avg Return

0.1%

5 Yr Avg Return

1.1%

Net Assets

$589 M

Holdings in Top 10

21.9%

52 WEEK LOW AND HIGH

$3.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load 2.25%

Deferred Load N/A

TRADING FEES

Turnover 58.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$3.65

$589 M

4.19%

$0.15

0.75%

SBSTX - Profile

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.73%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Western Asset Short-Term Bond Fund
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    S. Leech

Fund Description

Under normal market conditions, the fund invests at least 80% of its assets in “investment grade” fixed income securities. Securities in which the fund invests include corporate debt securities, bank obligations, mortgage- and asset-backed securities and securities issued by the U.S. government and its agencies and instrumentalities. Investment grade securities are those rated by a rating agency at the time of purchase in one of the top four ratings categories or, if unrated, are judged by the subadviser to be of comparable quality. The fund may invest up to 25% of its assets in U.S. dollar denominated securities of non‑U.S. issuers.
The fund is not a money market fund and does not seek to maintain a stable net asset value of $1.00 per share. The fund may invest in securities of any maturity. The fund normally expects to maintain an average effective maturity of not more than three years. For the purposes of determining the fund’s average effective maturity, a security’s maturity date will generally be deemed to be the next interest rate reset date for an adjustable rate security or, if earlier, the date of the next demand feature, such as a put feature, when the fund would be entitled to receive payment of principal and interest. The subadviser may also take into account estimated future prepayments on securities, such as mortgage-backed securities, with uncertain future cash flows and estimations of call features and similar features and options. These estimates may prove to be incorrect.
Instead of, and/or in addition to, investing directly in particular securities, the fund may use instruments such as derivatives, including options, swaps, interest rate swaps, credit default swaps (including buying and selling credit default swaps and options on credit default swaps), futures contracts, and other synthetic instruments that are intended to provide economic exposure to the securities or the issuer or to be used as a hedging technique.
The fund may use one or more types of these instruments without limit, subject to applicable regulatory requirements. For additional information regarding derivatives, see “More on the fund’s investment strategies, investments and risks—Derivatives” in the Prospectus. These instruments are taken into account when determining compliance with the fund’s 80% policy.
The fund may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio (such as shortening or lengthening duration) and for other purposes.
Read More

SBSTX - Performance

Return Ranking - Trailing

Period SBSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -85.4% 12.9% 67.78%
1 Yr 4.9% -84.9% 23.7% 74.03%
3 Yr 0.1%* -47.2% 4.4% 68.31%
5 Yr 1.1%* -31.1% 4.8% 72.76%
10 Yr 1.4%* -19.2% 169.9% 59.77%

* Annualized

Return Ranking - Calendar

Period SBSTX Return Category Return Low Category Return High Rank in Category (%)
2023 1.4% -1.6% 7.6% 68.03%
2022 -7.0% -17.7% -2.6% 49.34%
2021 -2.0% -4.0% 4.4% 72.07%
2020 1.5% -7.1% 7.6% 57.88%
2019 1.8% -2.3% 9.3% 56.08%

Total Return Ranking - Trailing

Period SBSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -85.4% 12.9% 67.78%
1 Yr 4.9% -84.9% 23.7% 74.03%
3 Yr 0.1%* -47.2% 4.4% 68.31%
5 Yr 1.1%* -31.1% 4.8% 72.76%
10 Yr 1.4%* -19.2% 169.9% 59.77%

* Annualized

Total Return Ranking - Calendar

Period SBSTX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% 1.8% 15.2% 63.01%
2022 -4.9% -17.3% -1.3% 50.09%
2021 -0.4% -2.7% 7.7% 64.06%
2020 3.9% -2.4% 14.5% 58.28%
2019 4.5% 0.6% 12.6% 54.85%

NAV & Total Return History


SBSTX - Holdings

Concentration Analysis

SBSTX Category Low Category High SBSTX % Rank
Net Assets 589 M 14.5 K 57.3 B 65.19%
Number of Holdings 590 2 9251 35.74%
Net Assets in Top 10 129 M 993 K 6.33 B 66.85%
Weighting of Top 10 21.88% 2.1% 103.0% 59.81%

Top 10 Holdings

  1. United States Treasury Note/Bond 6.33%
  2. Western Asset Premier Institutional Government Reserves 3.96%
  3. United States Treasury Note/Bond 3.49%
  4. United States Treasury Note/Bond 2.11%
  5. JPMorgan Chase Co 1.22%
  6. Bank of America Corp 1.18%
  7. Goldman Sachs Group Inc/The 1.10%
  8. Fannie Mae Pool 0.85%
  9. Enterprise Products Operating LLC 0.82%
  10. United States Treasury Note/Bond 0.80%

Asset Allocation

Weighting Return Low Return High SBSTX % Rank
Bonds
91.75% 0.00% 131.18% 36.85%
Convertible Bonds
4.80% 0.00% 27.71% 17.07%
Other
4.40% -0.97% 69.02% 60.00%
Cash
3.96% -20.59% 55.85% 42.96%
Stocks
0.00% 0.00% 99.97% 81.85%
Preferred Stocks
0.00% 0.00% 22.27% 79.81%

Bond Sector Breakdown

Weighting Return Low Return High SBSTX % Rank
Corporate
51.78% 0.00% 100.00% 28.39%
Securitized
29.66% 0.00% 97.27% 37.11%
Government
9.68% 0.00% 73.63% 68.46%
Cash & Equivalents
3.96% 0.00% 55.85% 38.15%
Municipal
0.00% 0.00% 17.46% 87.76%
Derivative
-0.21% -0.33% 28.01% 98.52%

Bond Geographic Breakdown

Weighting Return Low Return High SBSTX % Rank
US
91.75% 0.00% 130.36% 35.19%
Non US
0.00% 0.00% 82.77% 80.19%

SBSTX - Expenses

Operational Fees

SBSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.01% 3.24% 42.19%
Management Fee 0.35% 0.00% 1.19% 61.11%
12b-1 Fee 0.25% 0.00% 1.00% 52.69%
Administrative Fee N/A 0.01% 0.41% N/A

Sales Fees

SBSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.50% 5.75% 71.43%
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

SBSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SBSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 58.00% 2.00% 500.00% 37.55%

SBSTX - Distributions

Dividend Yield Analysis

SBSTX Category Low Category High SBSTX % Rank
Dividend Yield 4.19% 0.00% 11.11% 56.48%

Dividend Distribution Analysis

SBSTX Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Monthly Monthly

Net Income Ratio Analysis

SBSTX Category Low Category High SBSTX % Rank
Net Income Ratio 0.73% -1.27% 4.98% 75.57%

Capital Gain Distribution Analysis

SBSTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

SBSTX - Fund Manager Analysis

Managers

S. Leech


Start Date

Tenure

Tenure Rank

Mar 31, 2014

8.17

8.2%

– Western Asset Management Company, LLC – Chief Investment Officer, 1990– – Greenwich Capital Markets – Portfolio Manager, 1988–1990 – The First Boston Corporation – Fixed Income Manager, 1980–1988 – National Bank of Detroit – Portfolio Manager, 1977–1980 – The Wharton School, University of Pennsylvania, M.B.A., B.S., B.A., summa cum laude, 1972–1976

John Bellows


Start Date

Tenure

Tenure Rank

Jun 30, 2016

5.92

5.9%

– Western Asset Management Company, LLC – Portfolio Manager, 2012- – U.S. Department of the Treasury – Acting Assistant Secretary for Economic Policy; Deputy Assistant Secretary for Microeconomic Analysis; Senior Advisor in the Office of Economic Policy, 2009-2011 – University of California, Berkeley, PhD Economics – Dartmouth College, B.A. Economics, magna cum laude – Chartered Financial Analyst

Frederick Marki


Start Date

Tenure

Tenure Rank

May 01, 2018

4.08

4.1%

Frederick R. Marki is a Portfolio manager of Western since 2005. He began his investment career in 1983 and has a BS from the Massachusetts Institute of Technology. Marki joined Western Asset in 2006. Prior to this, Marki was a director of Citigroup Asset Management and investment officer of the manager. and its predecessor companies.

Julien Scholnick


Start Date

Tenure

Tenure Rank

May 01, 2018

4.08

4.1%

– Western Asset Management Company, LLC – Portfolio Manager, 2003- – Salomon Smith Barney – Associate, Private Client Group, 2000-2001 – Digital Coast Partners – Senior Analyst, 1999-2000 – Arthur Andersen, LLP – Senior Analyst, 1997-1999 – Cornell University, M.B.A. – University of California, Los Angeles, B.A., magna cum laude – Chartered Financial Analyst

Mark Lindbloom


Start Date

Tenure

Tenure Rank

May 01, 2018

4.08

4.1%

– Western Asset Management Company, LLC – Portfolio Manager, 2005- – Citigroup Asset Management – Portfolio Manager, 1986-2005 – Brown Brothers Harriman & Co. – Portfolio Manager, 1981-1986 – New York Life Ins. – Analyst, 1978-1980 – Pace University, M.B.A. – Rider University, B.S.

Nicholas Mastroianni


Start Date

Tenure

Tenure Rank

Sep 01, 2021

0.75

0.8%

Portfolio Manager and has been employed by Western Asset as an investment professional for at least the past five years

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.18 2.41