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Western Asset Corporate Bond I (SIGYX) Fund Ranking and Research

Ranking, Research and Recommendation of Western Asset Corporate Bond I (SIGYX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Western Asset Corporate Bond I Fund (SIGYX) ManagerFund Manager - Michael C. Buchanan

Fund Manager Information

Fund Manager Tenure: 5.3 years
Similar Funds: SIGAX 
Fund Family: Legg Mason
Fund Category: Corporate Bond
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.73)     (What does this score mean?)

 

Graph of Western Asset Corporate Bond I Fund (SIGYX) ProfileWestern Asset Corporate Bond I Fund (SIGYX) Profile

Fund Profile and Description

Western Asset Corporate Bond I Fund seeks as high a level of current income as is consistent with prudent investment management and preservation of capital. Western Asset Corporate Bond I Fund invests at least 80% of assets in corporate debt securities and related investments and at least 80% of assets in ”investment-grade” debt securities and related investments. It also may invest in U.S. government securities and U.S. dollar denominated fixed-income securities of foreign issuers. Western Asset Corporate Bond I Fund may invest in securities having any maturity.

 

Western Asset Corporate Bond I (SIGYX) Fund Strength What we like about Western Asset Corporate Bond I (SIGYX) Fund

Data for Western Asset Corporate Bond I Fund (SIGYX) as of May 30, 2016

  • Western Asset Corporate Bond I Fund (SIGYX) management has been with Western Asset Corporate Bond I Fund for 5.3 years
  • Western Asset Corporate Bond I Fund (SIGYX) has good short-term performance (1-year return 2.91% vs 2.33% Corporate Bond category median performance)
  • Western Asset Corporate Bond I Fund (SIGYX) has good mid-term performance (3-year return 4.65% vs 3.05% Corporate Bond category median performance)
  • Western Asset Corporate Bond I Fund (SIGYX) has good Long-term performance (5-year return 5.54% vs 4.51% Corporate Bond category median performance)
  • Western Asset Corporate Bond I Fund (SIGYX) ratio of up-years vs down years is greater than 2
  • Western Asset Corporate Bond I Fund (SIGYX) has a Morningstar rating of 4 and above
  • Asset base in Western Asset Corporate Bond I Fund (SIGYX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Western Asset Corporate Bond I Fund (SIGYX) has a lower expense ratio than its Corporate Bond average: 0.69% vs 0.87%
  • Western Asset Corporate Bond I Fund (SIGYX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Western Asset Corporate Bond I Fund (SIGYX) Weakness What we are cautious about Western Asset Corporate Bond I (SIGYX) Fund

Data for Western Asset Corporate Bond I Fund (SIGYX) as of May 30, 2016

  • Western Asset Corporate Bond I Fund (SIGYX) has an annual stock turnover rate of 95.00% that is higher than the Corporate Bond average of 62.08%. This could mean Western Asset Corporate Bond I is more nimble, but also signal potential high tax impact and high trading fees
  • Western Asset Corporate Bond I Fund (SIGYX) is more volatile than its peers as it has a 3-year Standard Deviation of 4.74 that is higher than category average of 4.51
See Western Asset Corporate Bond I Fund (SIGYX) performance details as of May 30, 2016

 

What do you think?

 

Compare Western Asset Corporate Bond I Fund (SIGYX)Compare with other top Corporate Bond category mutual funds

Aadditional top Corporate Bond mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Western Asset Corporate Bond I5.282.914.655.54
Morgan Stanley Inst Corporate Bond A (MIGAX)10.687.415.145.83Compare
Vanguard Long-Term Investment-Grade Adm (VWETX)8.898.306.598.09Compare
Payden Corporate Bond (PYACX)4.674.134.705.49Compare

See top fund managers for Corporate Bond Category Funds

 

Compare Western Asset Corporate Bond I Fund (SIGYX)Compare with Corporate Bond category ETFs

Some Corporate Bond ETFs for your consideration

ETFYear to DateOne YearThree Year
Vanguard Long-Term Corporate Bond ETF (VCLT)9.19%6.65%5.84%
iShares 10+ Year Credit Bond (CLY)9.16%5.38%5.02%
PIMCO Investment Grade Corporate Bd ETF (CORP)6.10%4.37%4.08%
Vanguard Intermediate-Term Corp Bd ETF (VCIT)5.00%4.25%4.10%
FlexShares Credit-Scored US Corp Bd ETF (SKOR)3.56%3.30%NaN

 

Graph of Western Asset Corporate Bond I Fund (SIGYX) Net Asset TrackingWestern Asset Corporate Bond I (SIGYX) Fund Net Asset

Track net asset change of Western Asset Corporate Bond I fund (SIGYX)

DateNet Asset
05/2016$361.61M
03/2016$350.04M
02/2016$336.92M
More historic net asset information on Western Asset Corporate Bond I Fund (SIGYX)

  

Graph of Western Asset Corporate Bond I Fund (SIGYX) Portfolio TrackingWestern Asset Corporate Bond I (SIGYX) Fund Portfolio Allocation

Track portfolio allocation change of Western Asset Corporate Bond I fund (SIGYX)

DateCashStockBondOther
03/20166.82%0.55%90.08%0.4%
12/20156.07%0%91.72%0.29%
09/20157.75%0%89.59%0.25%
Click here to see more historic asset allocation information on Western Asset Corporate Bond I Fund (SIGYX)

 

graph of Western Asset Corporate Bond I Fund (SIGYX) Top 10 Position TrackingTop 10 Holdings in Western Asset Corporate Bond I (SIGYX) Fund

Discover what Western Asset Corporate Bond I Fund (SIGYX) manager is buying

Mar 30, 2016
Barclays Bk 7.625% [2.03%]
Anheuser Busch Inbev Fin 4.7% [1.38%]
Verizon Comms 4.75% [1.27%]
Anheuser Busch Inbev Fin 4.9% [1.17%]
US Treasury Bond 3% [1.11%]
Citigroup 8.125% [1.04%]
General Elec Cap Corp Mtn Be 6.875% [1.02%]
Hsbc Hldgs 4.3% [1%]
Charter Comms Oper 144A 6.484% [0.97%]
Bk Amer 5% [0.96%]

Dec 30, 2015
Verizon Comms 4.75% [1.14%]
Verizon Comms 6.4% [1.1%]
Hsbc Hldgs Cv 6.375% [1.03%]
Bk Amer 5% [0.93%]
Intl Lease Fin 144A 7.125% [0.89%]
Citigroup 8.125% [0.88%]
Pershing Square Hldgs Ltd. 144A 5.5% [0.82%]
Charter Comms Oper 144A 6.484% [0.79%]
Cooperatieve Centrale Raiffeis 5.75% [0.77%]
Credit Suisse Grp Fdg Guerns 144A 4.875% [0.75%]

Sep 29, 2015
Citigroup 8.125% [1.52%]
Verizon Comms 4.75% [1.14%]
Verizon Comms 6.4% [1.07%]
Cme Grp 5.3% [1.06%]
Royal Bk Scotland Grp 6.1% [0.99%]
Hsbc Hldgs Cv 6.375% [0.96%]
Credit Suisse New York Branch 144A FRN [0.96%]
Bk Amer 4.875% [0.92%]
Bk Amer 5% [0.91%]
Wachovia Cap Tr Iii FRN [0.89%]
Click here for Stock Holding Change Map in Western Asset Corporate Bond I Fund (SIGYX)

  

Latest News on Western Asset Corporate Bond I (SIGYX) Fund

See what is happening with Western Asset Corporate Bond I Fund (SIGYX)

 

Western Asset Corporate Bond I Fund (SIGYX) Related ResourcesSee more information on Western Asset Corporate Bond I (SIGYX) Fund

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