Mutual Fund Insights: Legg Mason WA Corporate Bond A Fund (SIGAX)

In-depth Analysis of Legg Mason WA Corporate Bond A Fund (SIGAX)

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See Legg Mason WA Corporate Bond A Fund (SIGAX) performance details as of February 28, 2010

  

Last Trade: $10.94 on 3/19/2010, Change: +0.01 (0.09%)

  

Fund Manager - Jeffrey D. Van Schaick

Fund Manager Tenure: 4.1 years   [Similar Funds: SIGYX ]
Fundmojo Fund Grade: C (Score: 0.52)     (What does this score mean?)

Van Schaick has been employed by Western Asset for more than five years. Van Schaick holds the Chartered Financial Analyst designation.  Get more insights on Jeffrey D. Van Schaick

  

 What we like about Legg Mason WA Corporate Bond A Fund (SIGAX)

Data for Legg Mason WA Corporate Bond A Fund (SIGAX) as of February 28, 2010

• Legg Mason WA Corporate Bond A Fund (SIGAX) management has been with Legg Mason WA Corporate Bond A Fund for 4.1 years
• Legg Mason WA Corporate Bond A Fund (SIGAX) has good short-term performance (1-year return 45.29% vs 28.60 % Long-Term Bond category average)
• Legg Mason WA Corporate Bond A Fund (SIGAX) ratio of up-years vs down years is greater than 2
• Legg Mason WA Corporate Bond A Fund (SIGAX) has an annual stock turnover rate of 25.00% vs Long-Term Bond average of 164.04%. It is good that Legg Mason WA Corporate Bond A management does not trade extensively for its return.

  

 What we are cautious about Legg Mason WA Corporate Bond A Fund (SIGAX)

Data for Legg Mason WA Corporate Bond A Fund (SIGAX) as of February 28, 2010

• Legg Mason WA Corporate Bond A Fund (SIGAX) has a less-than-ideal mid-term performance (3-year return 1.72% vs 4.93 % Long-Term Bond category average)
• Legg Mason WA Corporate Bond A Fund (SIGAX) has a less-than-ideal Long-term performance (5-year return 2.24% vs 4.67 % Long-Term Bond category average)
• Legg Mason WA Corporate Bond A Fund (SIGAX) has a Morningstar rating of 3 and below
• Legg Mason WA Corporate Bond A Fund (SIGAX) is less safe compared to its Long-Term Bond peers
• Legg Mason WA Corporate Bond A Fund (SIGAX) does not have a good risk adjusted return as its 3-year Alpha of -8.26 is worse than category average of -4.33, and its 3-year Sharpe ratio is 0.07
• Legg Mason WA Corporate Bond A Fund (SIGAX) is more volatile than its peers as it has a 3-year Standard Deviation of 15.33 that is higher than category average of 11.6
• Legg Mason WA Corporate Bond A Fund (SIGAX) has a higher management fee of 1.17% than its Long-Term Bond average of 0.92%
• Legg Mason WA Corporate Bond A Fund (SIGAX) carries a 4.25% load

See Legg Mason WA Corporate Bond A Fund (SIGAX) performance details as of February 28, 2010

  

  

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Legg Mason WA Corporate Bond A Fund (SIGAX) Net Asset

Track net asset change of Legg Mason WA Corporate Bond A fund (SIGAX)

Date	Net Asset
02/2010	$623.44M
01/2010	$318.61M
11/2009	$309.32M

More historic net asset information on Legg Mason WA Corporate Bond A Fund (SIGAX)

  

Legg Mason WA Corporate Bond A Fund (SIGAX) Portfolio Allocation

Track portfolio allocation change of Legg Mason WA Corporate Bond A fund (SIGAX)

Date	Cash	Stock	Bond	Other
09/2009	0.78%	0%	98.24%	0.98%
06/2009	4.82%	0%	94.87%	0.31%
03/2009	0.36%	0%	99.17%	0.48%

Click here to see more historic asset allocation information on Legg Mason WA Corporate Bond A Fund (SIGAX)

  

Most Recent Top 10 Holdings in Legg Mason WA Corporate Bond A Fund (SIGAX)

Discover what Legg Mason WA Corporate Bond A Fund (SIGAX) manager is buying

30-Sep-09 US Treasury Bond (Fut) [15.11%] US Treasury Bond (Fut) [5.19%] Pemex Proj Fdg Master Tr 6.625% [2.23%] Zfs Fin Usa Tr Ii 144A FRN [1.96%] Freeport-Mcmoran Copper & Gold 8.375% [1.56%] Merrill Lynch 5.7% [1.41%] Amer Express FRN [1.38%] Citigroup 6.375% [1.31%] Vale Overseas 6.875% [1.3%] Wells Fargo Cap Xiii FRN [1.17%]

30-Jun-09 US Treasury Bond (Fut) [18.48%] US Treasury Bond (Fut) [5.36%] Freeport-Mcmoran Copper & Gold 8.375% [2.5%] Pemex Proj Fdg Master Tr 6.625% [2.36%] Jpmorgan Chase 6.125% [2.04%] Unitedhealth Grp 5% [1.82%] Diageo Cap Plc Mtn Be 4.85% [1.81%] Anadarko Fin 7.5% [1.78%] Firstenergy 7.375% [1.72%] Deutsche Telekom Intl Fin B V 5.75% [1.58%]

31-Mar-09 Freeport-Mcmoran Copper & Gold 8.375% [2.5%] Pemex Proj Fdg Master Tr 6.625% [2.36%] Jpmorgan Chase 6.125% [2.04%] Unitedhealth Grp 5% [1.82%] Diageo Cap Plc Mtn Be 4.85% [1.81%] Anadarko Fin 7.5% [1.78%] Firstenergy 7.375% [1.72%] Deutsche Telekom Intl Fin B V 5.75% [1.58%] Vale Overseas 6.875% [1.53%] Rshb Cap S A 7.125% [1.51%]

Click here for Stock Holding Change Map in Legg Mason WA Corporate Bond A Fund (SIGAX)

  

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See more information on Legg Mason WA Corporate Bond A Fund (SIGAX)

• Legg Mason WA Corporate Bond A Fund Insights
• Legg Mason WA Corporate Bond A Fund Performance Data
• Legg Mason WA Corporate Bond A Fund News
• Legg Mason WA Corporate Bond A Fund Score Explaination
• Legg Mason WA Corporate Bond A Fund Manager Information
• Historic Legg Mason WA Corporate Bond A Fund Asset Allocation Report
• Historic Legg Mason WA Corporate Bond A Fund Top 10 Holding Tracking
• Historic Legg Mason WA Corporate Bond A Fund Asset Under Management Tracking