Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
3.7%
1 yr return
5.4%
3 Yr Avg Return
-1.3%
5 Yr Avg Return
0.0%
Net Assets
$275 M
Holdings in Top 10
32.8%
Expense Ratio 0.73%
Front Load N/A
Deferred Load N/A
Turnover 67.00%
Redemption Fee N/A
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
• | No more than 50% of the fund’s net assets may be invested in non-U.S. dollar denominated securities. |
• | No more than 25% of the fund’s net assets may be invested in un-hedged non-U.S. dollar denominated securities. |
• | No more than 25% of the fund’s net assets may be invested in non-U.S. dollar denominated securities that are not investment grade securities. Securities rated below investment grade are commonly known as “junk bonds” or “high yield securities.” |
• | No more than 25% of the fund’s net assets may be invested in securities of non-U.S. issuers that are not investment grade securities. |
• | No more than 50% of the fund’s net assets may be invested in a combination of non-U.S. dollar denominated securities, emerging market securities and securities that are not investment grade securities. |
• | The fund is permitted to invest in securities issued or guaranteed by the government of the United States or any of the G-7 countries, including their agencies, instrumentalities and political sub-divisions, without limit; however, (i) no more than 10% of the fund’s net assets may be invested in securities issued or guaranteed by a single government that is a non-G-7 country, including its agencies, instrumentalities and sub-divisions; (ii) no more than 10% of the fund’s net assets may be invested in private mortgage-backed and asset-backed securities of a single issuer unless the collateral relating to such securities is credit-independent of the issuer and the security’s credit enhancement is independent of the issuer, in which case no more than 25% of the fund’s net assets may be invested in private mortgage-backed and asset-backed securities of such issuer; and (iii) other than as described above, no more than 5% of the fund’s net assets may be invested in the obligations of any single issuer. |
• | The aggregate initial futures margin and options premiums required to establish commodity interest positions will not exceed 5% of the net assets of the fund, after taking into account unrealized profits and unrealized losses on any such positions; provided, however, that if an option is in-the-money at the time of purchase, the amount by which the option is in-the-money may be excluded in computing such 5%. |
Period | WAASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.7% | -11.1% | 18.9% | 89.78% |
1 Yr | 5.4% | -9.2% | 20.8% | 86.84% |
3 Yr | -1.3%* | -16.9% | 16.8% | 90.16% |
5 Yr | 0.0%* | -14.7% | 13.4% | 88.57% |
10 Yr | 1.9%* | -7.0% | 7.1% | 80.11% |
* Annualized
Period | WAASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.7% | -12.0% | 8.9% | 13.29% |
2022 | -14.8% | -31.8% | 18.4% | 68.62% |
2021 | -6.1% | -16.2% | 25.7% | 94.26% |
2020 | 3.4% | -31.1% | 18.7% | 31.55% |
2019 | 4.0% | -6.1% | 15.3% | 58.57% |
Period | WAASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.7% | -11.1% | 18.9% | 89.78% |
1 Yr | 5.4% | -9.2% | 20.8% | 86.84% |
3 Yr | -1.3%* | -16.9% | 16.8% | 90.16% |
5 Yr | 0.0%* | -14.7% | 13.4% | 88.57% |
10 Yr | 1.9%* | -7.0% | 7.1% | 80.11% |
* Annualized
Period | WAASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.7% | -6.9% | 22.2% | 54.87% |
2022 | -13.8% | -31.8% | 21.1% | 93.19% |
2021 | -1.8% | -13.5% | 49.9% | 91.31% |
2020 | 5.7% | -28.6% | 24.1% | 49.55% |
2019 | 8.7% | -4.8% | 19.1% | 49.13% |
WAASX | Category Low | Category High | WAASX % Rank | |
---|---|---|---|---|
Net Assets | 275 M | 2.63 M | 143 B | 65.29% |
Number of Holdings | 476 | 4 | 9638 | 51.17% |
Net Assets in Top 10 | 49.5 M | -204 M | 89.4 B | 77.22% |
Weighting of Top 10 | 32.79% | 5.8% | 265.8% | 35.38% |
Weighting | Return Low | Return High | WAASX % Rank | |
---|---|---|---|---|
Bonds | 101.95% | 0.00% | 199.60% | 17.94% |
Cash | 6.53% | -94.66% | 99.97% | 31.67% |
Other | 2.67% | -75.22% | 147.15% | 51.48% |
Convertible Bonds | 0.61% | 0.00% | 33.50% | 61.70% |
Stocks | 0.27% | -6.18% | 99.68% | 54.45% |
Preferred Stocks | 0.00% | 0.00% | 21.58% | 66.61% |
Weighting | Return Low | Return High | WAASX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 66.43% |
Technology | 0.00% | 0.00% | 28.30% | 55.48% |
Real Estate | 0.00% | 0.00% | 100.00% | 61.43% |
Industrials | 0.00% | 0.00% | 100.00% | 61.43% |
Healthcare | 0.00% | 0.00% | 18.60% | 64.29% |
Financial Services | 0.00% | 0.00% | 100.00% | 67.14% |
Energy | 0.00% | 0.00% | 100.00% | 71.43% |
Communication Services | 0.00% | 0.00% | 100.00% | 70.00% |
Consumer Defense | 0.00% | 0.00% | 99.97% | 53.57% |
Consumer Cyclical | 0.00% | 0.00% | 89.95% | 0.48% |
Basic Materials | 0.00% | 0.00% | 100.00% | 59.05% |
Weighting | Return Low | Return High | WAASX % Rank | |
---|---|---|---|---|
US | 0.27% | -6.18% | 99.68% | 52.26% |
Non US | 0.00% | -0.30% | 17.73% | 51.48% |
Weighting | Return Low | Return High | WAASX % Rank | |
---|---|---|---|---|
Government | 30.09% | 0.00% | 99.43% | 15.30% |
Corporate | 19.22% | 0.00% | 96.66% | 70.85% |
Securitized | 14.60% | 0.00% | 99.65% | 57.81% |
Cash & Equivalents | 6.53% | 0.00% | 94.89% | 29.26% |
Municipal | 0.37% | 0.00% | 54.26% | 25.44% |
Derivative | -1.12% | -75.22% | 147.15% | 94.99% |
Weighting | Return Low | Return High | WAASX % Rank | |
---|---|---|---|---|
US | 88.10% | 0.00% | 199.60% | 35.73% |
Non US | 13.85% | 0.00% | 74.14% | 26.05% |
WAASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.73% | 0.03% | 34.13% | 80.72% |
Management Fee | 0.60% | 0.00% | 2.29% | 52.32% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
WAASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.50% | N/A |
WAASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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.
WAASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 67.00% | 0.00% | 632.00% | 38.49% |
WAASX | Category Low | Category High | WAASX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.66% | 0.00% | 23.30% | 86.86% |
WAASX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | SemiAnnual | Monthly | Quarterly |
WAASX | Category Low | Category High | WAASX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.42% | -1.55% | 11.51% | 68.46% |
WAASX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.153 | OrdinaryDividend |
Mar 28, 2024 | $0.058 | OrdinaryDividend |
Dec 19, 2023 | $0.040 | OrdinaryDividend |
Sep 29, 2023 | $0.091 | OrdinaryDividend |
Jun 30, 2023 | $0.091 | OrdinaryDividend |
Mar 31, 2023 | $0.020 | OrdinaryDividend |
Dec 20, 2022 | $0.041 | OrdinaryDividend |
Mar 31, 2022 | $0.065 | OrdinaryDividend |
Dec 20, 2021 | $0.096 | OrdinaryDividend |
Dec 20, 2021 | $0.155 | CapitalGainShortTerm |
Dec 20, 2021 | $0.037 | CapitalGainLongTerm |
Sep 30, 2021 | $0.039 | OrdinaryDividend |
Jun 30, 2021 | $0.062 | OrdinaryDividend |
Mar 31, 2021 | $0.074 | OrdinaryDividend |
Jun 30, 2020 | $0.022 | OrdinaryDividend |
May 29, 2020 | $0.024 | ReturnOfCapital |
Apr 30, 2020 | $0.028 | ReturnOfCapital |
Mar 31, 2020 | $0.033 | ReturnOfCapital |
Feb 28, 2020 | $0.032 | ReturnOfCapital |
Jan 31, 2020 | $0.040 | ReturnOfCapital |
Dec 31, 2019 | $0.038 | OrdinaryDividend |
Dec 06, 2019 | $0.022 | CapitalGainLongTerm |
Nov 29, 2019 | $0.036 | OrdinaryDividend |
Oct 31, 2019 | $0.037 | OrdinaryDividend |
Sep 30, 2019 | $0.031 | OrdinaryDividend |
Aug 30, 2019 | $0.036 | OrdinaryDividend |
Jul 31, 2019 | $0.037 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Sep 01, 2012
9.75
9.8%
– 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
Start Date
Tenure
Tenure Rank
Sep 11, 2013
8.72
8.7%
– 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.
Start Date
Tenure
Tenure Rank
Sep 28, 2018
3.67
3.7%
– 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
Start Date
Tenure
Tenure Rank
Sep 28, 2018
3.67
3.7%
– 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
Start Date
Tenure
Tenure Rank
Sep 28, 2018
3.67
3.7%
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.71 | 3.19 |
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