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Trending ETFs

Western Asset High Yield Fund

mutual fund
WAYRX
Payout Change
Pending
Price as of:
$6.98 +0.0 +0.0%
primary theme
High Yield Bond
share class
C (WAYCX) A (WAYAX) R (WAYRX) I (WAHYX) I (WAHSX)
WAYRX (Mutual Fund)

Western Asset High Yield Fund

Payout Change
Pending
Price as of:
$6.98 +0.0 +0.0%
primary theme
High Yield Bond
share class
C (WAYCX) A (WAYAX) R (WAYRX) I (WAHYX) I (WAHSX)
WAYRX (Mutual Fund)

Western Asset High Yield Fund

Payout Change
Pending
Price as of:
$6.98 +0.0 +0.0%
primary theme
High Yield Bond
share class
C (WAYCX) A (WAYAX) R (WAYRX) I (WAHYX) I (WAHSX)

Name

As of 12/10/2024

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

Western Asset High Yield Fund

WAYRX | Fund

$6.98

$234 M

7.20%

$0.50

1.37%

Vitals

YTD Return

9.0%

1 yr return

12.1%

3 Yr Avg Return

1.6%

5 Yr Avg Return

3.4%

Net Assets

$234 M

Holdings in Top 10

8.5%

52 WEEK LOW AND HIGH

$7.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.37%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 101.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/10/2024

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

Western Asset High Yield Fund

WAYRX | Fund

$6.98

$234 M

7.20%

$0.50

1.37%

WAYRX - Profile

Distributions

  • YTD Total Return 9.0%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.53%
DIVIDENDS
  • Dividend Yield 7.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset High Yield Fund
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    Apr 30, 2012
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Buchanan

Fund Description

Under normal market conditions, the fund will invest at least 80% of its net assets in U.S. dollar denominated debt or fixed income securities that are rated below investment grade at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations (“NRSROs”) or are of a comparable quality as determined by the subadviser. The fund considers securities that are rated below the Baa or BBB categories to be rated below investment grade. Securities rated below investment grade are commonly known as “junk bonds” or “high yield securities.”
In deciding among the securities in which the fund may invest, the subadviser takes into account the credit quality, country of issue, interest rate, liquidity, maturity and yield of a security as well as other factors, including the fund’s effective duration and prevailing and anticipated market conditions. Effective duration seeks to measure the expected sensitivity of market price to changes in interest rates, taking into account the anticipated effects of particular features of a security (for example, some bonds can be prepaid by the issuer.) The fund may invest in securities of any maturity. The maturity of a fixed income security is a measure of the time remaining until the final payment on the security is due. The fund is permitted to invest up to 20% of its total assets in non‑U.S. dollar denominated non‑U.S. securities.
As part of its principal investment strategies, the fund may invest in asset- and mortgage-backed securities, which includes privately-issued and non‑investment grade mortgage-backed securities, asset-backed securities and collateralized debt obligations, as well as loans, including senior loans, junior (or other subordinated loans) and covenant-lite loans, and inflation-indexed securities.
Instead of, and/or in addition to, investing directly in particular securities, the fund may use derivatives, including futures, such as bond and interest rate futures, options on bond and interest rate futures, swaps, foreign currency futures, forwards and options. In particular, the fund may use interest rate swaps, credit default swaps (including buying and selling credit default swaps on individual securities and/or baskets of securities), options (including options on credit default swaps), and/or futures contracts to a significant extent, although the amounts invested in these instruments may change from time to time. To the extent that the fund counts derivatives towards compliance with its 80% policy, such instruments are valued based on their market value or fair value (determined in accordance with the fund’s valuation procedures) or, when the subadviser determines that the
notional value of such instruments is a more appropriate measure of the fund’s exposure to economic characteristics of investments that are consistent with the fund’s 80% policy, at such notional value. The fund may use currency related transactions involving futures contracts, options on futures contracts, indexed securities and other derivative instruments (collectively, “Financial Instruments”). These Financial Instruments may be used without limit, subject to applicable regulatory requirements, for either hedging purposes, or to implement a currency investment strategy.
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.
Read More

WAYRX - Performance

Return Ranking - Trailing

Period WAYRX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -7.5% 18.1% 35.63%
1 Yr 12.1% -4.6% 18.6% 34.15%
3 Yr 1.6%* -14.4% 21.6% 85.83%
5 Yr 3.4%* -11.4% 37.2% 66.90%
10 Yr 3.8%* -4.7% 20.4% 72.51%

* Annualized

Return Ranking - Calendar

Period WAYRX Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -4.7% 14.3% 77.05%
2022 -19.0% -33.4% 3.6% 91.06%
2021 0.7% -8.4% 8.2% 29.73%
2020 0.9% -13.2% 302.7% 28.32%
2019 8.8% -4.4% 13.3% 30.78%

Total Return Ranking - Trailing

Period WAYRX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -7.5% 18.1% 35.63%
1 Yr 12.1% -4.6% 18.6% 34.15%
3 Yr 1.6%* -14.4% 21.6% 85.83%
5 Yr 3.4%* -11.4% 37.2% 66.90%
10 Yr 3.8%* -4.7% 20.4% 72.51%

* Annualized

Total Return Ranking - Calendar

Period WAYRX Return Category Return Low Category Return High Rank in Category (%)
2023 12.3% -4.7% 18.7% 45.90%
2022 -13.8% -33.4% 47.8% 90.56%
2021 5.6% -8.4% 12.4% 38.83%
2020 6.5% -9.6% 325.6% 30.09%
2019 14.4% -3.8% 19.4% 37.16%

NAV & Total Return History

WAYRX - Holdings

Concentration Analysis

WAYRX Category Low Category High WAYRX % Rank
Net Assets 234 M 3.13 M 25.3 B 70.42%
Number of Holdings 388 2 4432 42.20%
Net Assets in Top 10 19.2 M -492 M 6.67 B 83.42%
Weighting of Top 10 8.51% 4.2% 146.0% 86.86%

Top 10 Holdings

  1. CCO Holdings LLC / CCO Holdings Capital Corp 1.28%
  2. PM General Purchaser LLC 0.96%
  3. Venture Global LNG Inc 0.85%
  4. First Quantum Minerals Ltd 0.83%
  5. Ford Motor Co 0.80%
  6. Berry Petroleum Co LLC 0.79%
  7. NCL Finance Ltd 0.77%
  8. Southwestern Energy Co 0.76%
  9. American Airlines Inc/AAdvantage Loyalty IP Ltd 0.76%
  10. CommScope LLC 0.72%

Asset Allocation

Weighting Return Low Return High WAYRX % Rank
Bonds 		98.06% 0.00% 145.36% 13.40%
Convertible Bonds 		2.84% 0.00% 17.89% 11.17%
Cash 		1.44% -52.00% 48.02% 83.58%
Other 		0.26% -39.08% 99.23% 29.06%
Stocks 		0.24% 0.00% 97.54% 52.94%
Preferred Stocks 		0.00% 0.00% 4.97% 68.47%

Stock Sector Breakdown

Weighting Return Low Return High WAYRX % Rank
Energy 		83.70% 0.00% 100.00% 19.88%
Financial Services 		13.25% 0.00% 100.00% 15.13%
Consumer Cyclical 		3.05% 0.00% 100.00% 26.71%
Utilities 		0.00% 0.00% 100.00% 58.16%
Technology 		0.00% 0.00% 33.17% 60.83%
Real Estate 		0.00% 0.00% 86.71% 55.79%
Industrials 		0.00% 0.00% 93.12% 62.61%
Healthcare 		0.00% 0.00% 22.17% 53.71%
Communication Services 		0.00% 0.00% 99.99% 75.67%
Consumer Defense 		0.00% 0.00% 100.00% 56.97%
Basic Materials 		0.00% 0.00% 100.00% 58.46%

Stock Geographic Breakdown

Weighting Return Low Return High WAYRX % Rank
US 		0.21% 0.00% 97.54% 54.19%
Non US 		0.03% -0.01% 0.83% 10.51%

Bond Sector Breakdown

Weighting Return Low Return High WAYRX % Rank
Corporate 		92.90% 0.00% 100.00% 70.07%
Securitized 		5.96% 0.00% 97.24% 7.73%
Government 		0.47% 0.00% 99.07% 18.91%
Derivative 		0.26% -14.58% 42.26% 11.33%
Cash & Equivalents 		0.00% 0.00% 48.02% 94.09%
Municipal 		0.00% 0.00% 1.17% 45.72%

Bond Geographic Breakdown

Weighting Return Low Return High WAYRX % Rank
US 		97.29% 0.00% 126.57% 16.09%
Non US 		0.77% 0.00% 96.91% 34.48%

WAYRX - Expenses

Operational Fees

WAYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.37% 0.02% 38.33% 25.41%
Management Fee 0.55% 0.00% 1.75% 47.14%
12b-1 Fee 0.50% 0.00% 1.00% 64.78%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

WAYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WAYRX 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.

WAYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 101.00% 1.00% 255.00% 88.69%

WAYRX - Distributions

Dividend Yield Analysis

WAYRX Category Low Category High WAYRX % Rank
Dividend Yield 7.20% 0.00% 11.76% 38.01%

Dividend Distribution Analysis

WAYRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

WAYRX Category Low Category High WAYRX % Rank
Net Income Ratio 4.53% -2.39% 9.30% 42.31%

Capital Gain Distribution Analysis

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

Distributions History

View More +

WAYRX - Fund Manager Analysis

Managers

Michael Buchanan

Start Date

Tenure

Tenure Rank

Aug 01, 2005

16.84

16.8%

– 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

Walter Kilcullen

Start Date

Tenure

Tenure Rank

Sep 01, 2012

9.75

9.8%

-Western Asset Management Company, LLC - Head of US High Yield, 2002-Present -Seix Investment Advisors - Head High Yield Trader, 1998-2002 -University of Massachusetts, Amherst, B.A. Economics

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.31 8.17

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