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Western Asset Core Bond I (WATFX) Fund Ranking and Research

Ranking, Research and Recommendation of Western Asset Core Bond I (WATFX) Fund

    Last Trade: $12.66 on 10/19/2017, Change: +0.01 (0.08%)

 

Graph of Western Asset Core Bond I Fund (WATFX) ManagerFund Manager - Julien A. Scholnick

Fund Manager Information

Fund Manager Tenure: 1.5 years
Fund Family: Legg Mason
Fund Category: Intermediate-Term Bond
Fund Performance: May 30, 2016
Fundmojo Fund Grade: N/A (Score: *Manager is New*)     (What does this score mean?)

 

Graph of Western Asset Core Bond I Fund (WATFX) ProfileWestern Asset Core Bond I Fund (WATFX) Profile

Fund Profile and Description

Western Asset Core Bond I Fund seeks to maximize total return, consistent with prudent investment management and liquidity needs. Western Asset Core Bond I Fund invests in a portfolio of fixed-income securities of various maturities and, under normal market conditions, invests at least 80% of net assets in debt and fixed-income securities. The target dollar-weighted average modified duration for the fund is expected to range within 20% of the average duration of the domestic bond market as a whole as measured by Western Asset (generally, 3–7 years). It may also invest up to 25% of total assets in the securities of non-U.S. issuers.

 

Western Asset Core Bond I (WATFX) Fund Strength What we like about Western Asset Core Bond I (WATFX) Fund

Data for Western Asset Core Bond I Fund (WATFX) as of May 30, 2016

  • Western Asset Core Bond I Fund (WATFX) has good short-term performance (1-year return 3.34% vs 2.06% Intermediate-Term Bond category median performance)
  • Western Asset Core Bond I Fund (WATFX) has good mid-term performance (3-year return 3.71% vs 2.45% Intermediate-Term Bond category median performance)
  • Western Asset Core Bond I Fund (WATFX) has good Long-term performance (5-year return 4.02% vs 3.27% Intermediate-Term Bond category median performance)
  • Western Asset Core Bond I Fund (WATFX) ratio of up-years vs down years is greater than 2
  • Western Asset Core Bond I Fund (WATFX) has a Morningstar rating of 4 and above
  • Asset base in Western Asset Core Bond I Fund (WATFX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Western Asset Core Bond I Fund (WATFX) has an annual stock turnover rate of 85.00% vs Intermediate-Term Bond average of 158.97%. It is good that Western Asset Core Bond I management does not trade extensively for its return.
  • Western Asset Core Bond I Fund (WATFX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.93, lower than category average of 3.08
  • Western Asset Core Bond I Fund (WATFX) has a lower expense ratio than its Intermediate-Term Bond average: 0.45% vs 0.81%
  • Western Asset Core Bond I Fund (WATFX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Western Asset Core Bond I Fund (WATFX) Weakness What we are cautious about Western Asset Core Bond I (WATFX) Fund

Data for Western Asset Core Bond I Fund (WATFX) as of May 30, 2016

  • Western Asset Core Bond I Fund (WATFX) management has been with Western Asset Core Bond I Fund for only 1.5 years, it is hard to judge manager's ability based on this fund's operation record
See Western Asset Core Bond I Fund (WATFX) performance details as of May 30, 2016

 

What do you think?

 

Compare Western Asset Core Bond I Fund (WATFX)Compare with other top Intermediate-Term Bond category mutual funds

Aadditional top Intermediate-Term Bond mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Western Asset Core Bond I3.693.343.714.02
DoubleLine Total Return Bond N (DLTNX)1.962.452.984.59Compare
Sterling Capital Total Return Bond I (BIBTX)3.753.243.103.66Compare
Touchstone Flexible Income Y (MXIIX)3.013.853.804.64Compare

See top fund managers for Intermediate-Term Bond Category Funds

 

Compare Western Asset Core Bond I Fund (WATFX)Compare with Intermediate-Term Bond category ETFs

Some Intermediate-Term Bond ETFs for your consideration

ETFYear to DateOne YearThree Year
Vanguard Intermediate-Term Bond ETF (BIV)4.41%3.91%3.36%
Vanguard Total Bond Market ETF (BND)3.37%3.14%2.85%
Vanguard Mortgage-Backed Securities ETF (VMBS)2.02%2.51%2.99%
iShares MBS (MBB)2.24%2.43%2.91%
iShares Interm Government/Credit Bd (GVI)2.51%2.14%1.88%

 

Graph of Western Asset Core Bond I Fund (WATFX) Net Asset TrackingWestern Asset Core Bond I (WATFX) Fund Net Asset

Track net asset change of Western Asset Core Bond I fund (WATFX)

DateNet Asset
05/2016$5.63B
03/2016$5.25B
02/2016$4.96B
More historic net asset information on Western Asset Core Bond I Fund (WATFX)

  

Graph of Western Asset Core Bond I Fund (WATFX) Portfolio TrackingWestern Asset Core Bond I (WATFX) Fund Portfolio Allocation

Track portfolio allocation change of Western Asset Core Bond I fund (WATFX)

DateCashStockBondOther
03/20165.27%0.01%93.87%0.01%
12/201514.81%0%84.18%0.08%
09/20159.13%0.01%89.48%0.07%
Click here to see more historic asset allocation information on Western Asset Core Bond I Fund (WATFX)

 

graph of Western Asset Core Bond I Fund (WATFX) Top 10 Position TrackingTop 10 Holdings in Western Asset Core Bond I (WATFX) Fund

Discover what Western Asset Core Bond I Fund (WATFX) manager is buying

Mar 30, 2016
US Treasury Note 2% [3.78%]
US Treasury Note 1.625% [2.38%]
FNMA [2.25%]
US Treasury Bond 2.5% [1.89%]
US Treasury Note 2.25% [1.78%]
US Treasury Bond 3% [1.7%]
US Treasury Note 1.5% [1.63%]
US Treasury Note 1.75% [1.48%]

Dec 30, 2015
Fed Natl Mort Assc 3% [2.6%]
US Treasury Note 1.625% [2.59%]
US Treasury Note 1.75% [1.61%]
FNMA [1.3%]
FNMA 5% TBA [1.3%]
United Mexican Sts Mtn Be 5.55% [1.08%]
US Treasury Bond 3% [1.07%]
FNMA 4% [0.97%]
Govt Natl Mtg Asso 4% [0.81%]

Sep 29, 2015
US Treasury Bond 3% [6.9%]
US Treasury Note 1.625% [2.95%]
Fed Natl Mort Assc 3% [2.34%]
US Treasury Note 1.75% [1.83%]
Fed Natl Mort Assc 4% [1.48%]
FNMA [1.47%]
United Mexican Sts Mtn Be 5.55% [1.2%]
FNMA 4% [1.11%]
US Treasury Note 2.125% [1.01%]
Govt Natl Mtg Asso 3.5% [0.94%]
Click here for Stock Holding Change Map in Western Asset Core Bond I Fund (WATFX)

  

Latest News on Western Asset Core Bond I (WATFX) Fund

See what is happening with Western Asset Core Bond I Fund (WATFX)

 

Western Asset Core Bond I Fund (WATFX) Related ResourcesSee more information on Western Asset Core Bond I (WATFX) Fund

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