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Trending ETFs

Western Asset Corporate Bond Fund

mutual fund
SIGAX
Payout Change
Pending
Price as of:
$10.61 +0.0 +0.0%
primary theme
Corporate Bond
SIGAX (Mutual Fund)

Western Asset Corporate Bond Fund

Payout Change
Pending
Price as of:
$10.61 +0.0 +0.0%
primary theme
Corporate Bond
SIGAX (Mutual Fund)

Western Asset Corporate Bond Fund

Payout Change
Pending
Price as of:
$10.61 +0.0 +0.0%
primary theme
Corporate Bond

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

$10.61

$1.01 B

5.33%

$0.57

0.88%

Vitals

YTD Return

0.9%

1 yr return

5.9%

3 Yr Avg Return

-3.3%

5 Yr Avg Return

0.8%

Net Assets

$1.01 B

Holdings in Top 10

7.9%

52 WEEK LOW AND HIGH

$10.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.88%

SALES FEES

Front Load 4.25%

Deferred Load N/A

TRADING FEES

Turnover 63.00%

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

$10.61

$1.01 B

5.33%

$0.57

0.88%

SIGAX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return -3.3%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.40%
DIVIDENDS
  • Dividend Yield 5.3%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Western Asset Corporate 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
    Ryan Brist

Fund Description

Under normal circumstances, the fund invests at least 80% of its assets in corporate debt securities and at least 80% of its assets in “investment grade” debt securities. Corporate debt securities, including notes, bonds, debentures and commercial paper, are fixed income securities usually issued by businesses to finance their operations. 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 credit quality. These securities may be secured or unsecured, may be issued by U.S. or foreign entities and may carry variable or floating rates of interest. The fund may also invest in U.S. government securities and U.S. dollar denominated fixed income securities of foreign issuers. The fund may invest in securities of any maturity or duration.
The fund may invest up to 25% of its assets in non-U.S. dollar denominated fixed income securities of foreign issuers. The fund intends to invest not more than 10% of its assets in non-U.S. dollar denominated fixed income securities of foreign issuers for which the fund has not implemented a currency hedge.
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), foreign currency futures, forwards, 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% policies.
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.
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SIGAX - Performance

Return Ranking - Trailing

Period SIGAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -1.9% 3.5% 59.09%
1 Yr 5.9% -0.2% 8.7% 64.77%
3 Yr -3.3%* -10.2% 39.9% 84.57%
5 Yr 0.8%* -7.4% 26.2% 76.25%
10 Yr 2.4%* -0.1% 14.1% 46.00%

* Annualized

Return Ranking - Calendar

Period SIGAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -5.6% 6.3% 93.18%
2022 -19.8% -28.7% 142.1% 89.14%
2021 -4.1% -12.3% 4.9% 45.93%
2020 6.0% -8.0% 10.6% 43.45%
2019 10.1% 4.3% 13.4% 50.63%

Total Return Ranking - Trailing

Period SIGAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -1.9% 3.5% 59.09%
1 Yr 5.9% -0.2% 8.7% 64.77%
3 Yr -3.3%* -10.2% 39.9% 84.57%
5 Yr 0.8%* -7.4% 26.2% 76.25%
10 Yr 2.4%* -0.1% 14.1% 46.00%

* Annualized

Total Return Ranking - Calendar

Period SIGAX Return Category Return Low Category Return High Rank in Category (%)
2023 7.8% -5.6% 12.9% 75.57%
2022 -16.7% -25.6% 151.8% 79.43%
2021 -0.5% -5.1% 7.5% 39.53%
2020 11.1% -8.0% 116.0% 34.52%
2019 14.4% 6.7% 17.4% 44.30%

NAV & Total Return History


SIGAX - Holdings

Concentration Analysis

SIGAX Category Low Category High SIGAX % Rank
Net Assets 1.01 B 5.45 M 47.3 B 50.57%
Number of Holdings 764 4 10179 31.82%
Net Assets in Top 10 79.2 M -29.6 M 3.67 B 54.55%
Weighting of Top 10 7.85% 1.5% 143.5% 90.34%

Top 10 Holdings

  1. WEA Finance LLC / Westfield UK Europe Finance PLC 1.34%
  2. Credit Agricole SA 0.97%
  3. Israel Government International Bond 0.89%
  4. Nissan Motor Co Ltd 0.73%
  5. Wynn Macau Ltd 0.70%
  6. National General Holdings Corp 0.69%
  7. Regal Rexnord Corp 0.67%
  8. Energy Transfer LP 0.65%
  9. ZF North America Capital Inc 0.62%
  10. Sands China Ltd 0.58%

Asset Allocation

Weighting Return Low Return High SIGAX % Rank
Bonds
97.04% 0.00% 136.47% 46.02%
Convertible Bonds
7.43% 0.00% 78.47% 9.66%
Other
1.91% -3.13% 12.28% 19.32%
Cash
0.91% -43.80% 45.81% 89.20%
Preferred Stocks
0.15% 0.00% 9.18% 20.45%
Stocks
0.00% 0.00% 99.96% 80.68%

Bond Sector Breakdown

Weighting Return Low Return High SIGAX % Rank
Corporate
83.19% 41.80% 99.80% 66.48%
Government
7.28% 0.00% 25.63% 35.23%
Securitized
0.42% 0.00% 23.18% 64.20%
Municipal
0.31% 0.00% 3.62% 43.75%
Cash & Equivalents
0.12% 0.00% 45.81% 78.98%
Derivative
0.04% -2.64% 2.35% 47.16%

Bond Geographic Breakdown

Weighting Return Low Return High SIGAX % Rank
US
95.99% 0.00% 109.87% 59.66%
Non US
1.04% 0.00% 47.05% 18.75%

SIGAX - Expenses

Operational Fees

SIGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 0.02% 46.23% 37.36%
Management Fee 0.45% 0.00% 1.35% 76.14%
12b-1 Fee 0.25% 0.00% 1.00% 43.42%
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

SIGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 1.00% 4.75% 25.00%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SIGAX 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.

SIGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 63.00% 0.00% 259.00% 49.43%

SIGAX - Distributions

Dividend Yield Analysis

SIGAX Category Low Category High SIGAX % Rank
Dividend Yield 5.33% 0.00% 6.00% 16.48%

Dividend Distribution Analysis

SIGAX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

SIGAX Category Low Category High SIGAX % Rank
Net Income Ratio 2.40% 0.38% 5.93% 40.23%

Capital Gain Distribution Analysis

SIGAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SIGAX - Fund Manager Analysis

Managers

Ryan Brist


Start Date

Tenure

Tenure Rank

Apr 30, 2010

12.09

12.1%

– Western Asset Management Company, LLC – Head of Global Investment Grade Credit/Portfolio Manager, 2009- – Logan Circle Partners, L.P. – Chief Investment Officer, Portfolio Manager, 2007-2009 – Delaware Investment Advisors – Co-Chief Investment Officer, Sr. Portfolio Manager, 2000-2007 – Conseco Capital Management – Vice President, Corporate Bond Trading, 1995-2000 – Dean Witter Reynolds – Analyst, Corporate Finance, Retail Products Group, 1993-1995 – Indiana University, B.S. Finance – Chartered Financial Analyst

Michael Buchanan


Start Date

Tenure

Tenure Rank

Sep 01, 2012

9.75

9.8%

– Western Asset Management Company, LLC – Deputy Chief Investment Officer, 2005– – Credit Suisse Asset Management – Managing Director, Head of U.S. Credit Products, 2003–2005 – Janus Capital Management – Executive Vice President, Portfolio Manager, 2003 – BlackRock Financial Management – Managing Director, Portfolio Manager, 1998–2003 – Conseco Capital Management – Vice President, Portfolio Manager, 1990–1998 – Brown University, B.A. – Chartered Financial Analyst

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

Blanton Keh


Start Date

Tenure

Tenure Rank

Sep 01, 2021

0.75

0.8%

Blanton Y. Keh, CFA, is a Portfolio Manager at Western Asset and has more than 18 years of experience. Prior to joining Western Asset in 2004, Mr. Keh was a Portfolio Manager at Banc of America Capital Management, and Market Risk Manager at Bank of America. Mr. Keh holds a B.S. from California State Polytechnic University, Pomona, a M.S. from the University of California, and an M.B.A. from the Anderson Graduate School of Management, UCLA. He also holds the Chartered Financial Analyst designation.

Dan Alexander


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.

Kurt Halvorson


Start Date

Tenure

Tenure Rank

Sep 01, 2021

0.75

0.8%

Kurt D. Halvorson, CFA, is a Portfolio Manager at Western Asset and has more than 17 years of experience. Prior to joining Western Asset in 2010, Mr. Halvorson was a Senior Corporate Bond Manager at Aegon USA Investment Management, Senior Trader at 40/86 Advisors, LLC and was an Associate in Corporate Bond Trading at Banc of America Securities, LLC. Mr. Halvorson holds a B.A. in Business from Covenant College. He also holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.74 2.47