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Western Asset Total Return ETF

Active ETF
WBND
Payout Change
Pending
Price as of:
$19.6738 +0.09 +0.45%
primary theme
U.S. Intermediate-Term Bond Duration
WBND (ETF)

Western Asset Total Return ETF

Payout Change
Pending
Price as of:
$19.6738 +0.09 +0.45%
primary theme
U.S. Intermediate-Term Bond Duration
WBND (ETF)

Western Asset Total Return ETF

Payout Change
Pending
Price as of:
$19.6738 +0.09 +0.45%
primary theme
U.S. Intermediate-Term Bond Duration

Name

As of 12/20/2024

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 Total Return ETF

WBND | Active ETF

$19.67

$22.2 M

4.69%

$0.92

0.49%

Vitals

YTD Return

-0.5%

1 yr return

0.0%

3 Yr Avg Return

-6.0%

5 Yr Avg Return

-2.3%

Net Assets

$22.2 M

Holdings in Top 10

19.6%

52 WEEK LOW AND HIGH

$19.6
$19.41
$20.96

Expenses

OPERATING FEES

Expense Ratio 0.49%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 10.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/20/2024

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 Total Return ETF

WBND | Active ETF

$19.67

$22.2 M

4.69%

$0.92

0.49%

WBND - Profile

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return -6.0%
  • 5 Yr Annualized Total Return -2.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.62%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Total Return ETF
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    Oct 03, 2018
  • Shares Outstanding
    3400000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Julien Scholnick

Fund Description

Under normal market conditions, the fund will seek its investment objective by investing at least 80% of its assets in a portfolio comprised of fixed income securities, debt instruments, derivatives, equity securities of any type acquired in reorganizations of issuers of fixed income securities or debt instruments (“work out securities”), non-convertible preferred securities, warrants, cash and cash equivalents, foreign currencies, and exchange-traded funds (“ETFs”) that provide exposure to these investments (“Principal Investments”). Debt instruments include loans and similar debt instruments.
As part of its 80% policy, the fund intends to invest in derivatives that (i) provide exposure to the Principal Investments, (ii) are used to risk manage the fund’s holdings, and/or (iii) are used to enhance returns. The risk management uses of derivatives will include managing (i) investment-related risks, (ii) risks due to fluctuations in securities prices, interest rates, or currency exchanges rates, (iii) risks due to the credit-worthiness of an issuer, and (iv) the effective duration of the fund’s portfolio. The types of derivatives in which the fund will invest include swaps and security-based swaps, futures and options on futures, currency forwards, swaptions and currency options and security options. As a result of the fund’s use of derivatives and to serve as collateral, the fund may also hold significant amounts of U.S. Treasury securities, cash and cash equivalents and foreign currencies in which certain derivatives are denominated.
The types of fixed income securities in which the fund may invest include corporate debt securities, U.S. and non-U.S. government securities, asset-backed securities (“ABS”), mortgage-backed securities (“MBS”) (including commercial MBS (“CMBS”), residential MBS (“RMBS”) and non-agency collateralized mortgage obligations (“CMOs”)), collateralized debt obligations (“CDOs”) and mortgage dollar rolls. The fixed income securities and debt instruments in which the fund may invest may pay fixed, variable or floating rates of interest. The fund will not invest more than 20% of its portfolio in ABS and non-agency, non-government sponsored enterprise and privately-issued MBS or more than 10% of the fund’s total assets in CDOs. The fund will also not invest more than 20% of its total assets in junior loans (e.g., debt instruments that are unsecured and subordinated).
Although the fund may invest in securities and debt instruments of any maturity, the fund expects the normal range of the fund’s effective duration to be approximately 2 to 9 years. Effective duration seeks to measure the expected sensitivity of market price to changes in interest rates, taking into account the anticipated effects of structural complexities (for example, some bonds can be prepaid by the issuer).
The fund may invest up to 30% of its assets in below investment grade fixed income securities or debt instruments. For these purposes, “investment grade” is defined as investments with a rating at the time of purchase in one of the four highest categories of at least one nationally recognized statistical rating organization (“NRSRO”) (e.g., BBB- or higher or Baa3 or higher) or, if unrated, securities of comparable quality at the time of purchase (as determined by the subadviser). Securities rated below investment grade (e.g., BB+ to D or Baa1 to C) or, if unrated, securities of comparable quality at the time of purchase (as determined by the subadviser) are commonly known as “junk bonds” or “high yield securities.”
The fund may invest in securities issued by both U.S. and non-U.S. issuers (including issuers in emerging markets), but the fund will not invest more than 30% of its total assets in securities or debt instruments of non-U.S. issuers or more than 25% of its total assets directly in non-U.S. dollar denominated securities or debt instruments. For purposes of these limitations only, derivatives, warrants and U.S.-listed ETFs that provide indirect exposure to the investments described above will not be counted by the fund in calculating its holdings in non-U.S. issuers or in non-U.S. dollar denominated securities or debt instruments.
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WBND - Performance

Return Ranking - Trailing

Period WBND Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -7.7% 11.3% 93.67%
1 Yr 0.0% -7.3% 11.6% 93.57%
3 Yr -6.0%* -10.7% 27.2% 99.25%
5 Yr -2.3%* -7.5% 58.3% 98.16%
10 Yr N/A* -3.1% 73.7% 6.07%

* Annualized

Return Ranking - Calendar

Period WBND Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -16.2% 8.1% 17.26%
2022 -23.3% -34.7% 131.9% 99.57%
2021 -7.1% -11.6% 4.4% 97.89%
2020 4.8% -9.9% 946.1% 37.74%
2019 7.3% -1.7% 16.9% 6.00%

Total Return Ranking - Trailing

Period WBND Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -7.7% 11.3% 93.67%
1 Yr 0.0% -7.3% 11.6% 93.57%
3 Yr -6.0%* -10.7% 27.2% 99.25%
5 Yr -2.3%* -7.5% 58.3% 98.16%
10 Yr N/A* -3.1% 73.7% N/A

* Annualized

Total Return Ranking - Calendar

Period WBND Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% -11.3% 11.9% 42.72%
2022 -21.3% -32.2% 131.9% 99.47%
2021 -3.1% -9.4% 9.2% 97.11%
2020 10.0% -1.9% 1009.0% 18.53%
2019 13.6% 1.1% 21668.0% 0.60%

WBND - Holdings

Concentration Analysis

WBND Category Low Category High WBND % Rank
Net Assets 22.2 M 2.9 M 314 B 98.03%
Number of Holdings 576 1 17880 57.68%
Net Assets in Top 10 4.88 M 1.62 M 35.1 B 98.34%
Weighting of Top 10 19.57% 4.7% 3984.6% 63.54%

Top 10 Holdings

  1. Mexican Bonos 3.68%
  2. BNY CASH RESERVE 2.92%
  3. Fannie Mae or Freddie Mac 2.16%
  4. Fannie Mae or Freddie Mac 1.73%
  5. United States Treasury Note/Bond 1.68%
  6. Fannie Mae or Freddie Mac 1.62%
  7. Mexico Government International Bond 1.53%
  8. United States Treasury Note/Bond 1.44%
  9. United States Treasury Note/Bond 1.40%
  10. Freddie Mac Pool 1.40%

Asset Allocation

Weighting Return Low Return High WBND % Rank
Bonds 		102.31% 0.00% 9231.88% 19.46%
Other 		3.84% -27.25% 1695.17% 52.59%
Cash 		2.92% -54.51% 237.69% 51.24%
Convertible Bonds 		0.94% 0.00% 7.93% 70.95%
Stocks 		0.00% 0.00% 99.98% 60.56%
Preferred Stocks 		0.00% 0.00% 72.34% 54.77%

Bond Sector Breakdown

Weighting Return Low Return High WBND % Rank
Corporate 		38.19% 0.00% 100.00% 27.38%
Securitized 		32.91% 0.00% 98.40% 40.65%
Government 		14.57% 0.00% 86.23% 75.65%
Cash & Equivalents 		2.92% 0.00% 237.69% 50.52%
Derivative 		0.39% -6.56% 44.82% 15.04%
Municipal 		0.00% 0.00% 100.00% 84.54%

Bond Geographic Breakdown

Weighting Return Low Return High WBND % Rank
US 		96.09% 0.00% 9042.62% 41.18%
Non US 		6.22% 0.00% 189.26% 9.23%

WBND - Expenses

Operational Fees

WBND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.01% 39.64% 72.96%
Management Fee 0.49% 0.00% 1.76% 87.74%
12b-1 Fee 0.00% 0.00% 1.00% 5.02%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

WBND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

WBND 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.

WBND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 2.00% 493.39% 0.73%

WBND - Distributions

Dividend Yield Analysis

WBND Category Low Category High WBND % Rank
Dividend Yield 4.69% 0.00% 10.11% 19.88%

Dividend Distribution Analysis

WBND Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

WBND Category Low Category High WBND % Rank
Net Income Ratio 2.62% -1.28% 4.79% 8.21%

Capital Gain Distribution Analysis

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

Distributions History

View More +

WBND - Fund Manager Analysis

Managers

Julien Scholnick

Start Date

Tenure

Tenure Rank

Oct 03, 2018

3.66

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

John Bellows

Start Date

Tenure

Tenure Rank

Oct 03, 2018

3.66

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

Mark Lindbloom

Start Date

Tenure

Tenure Rank

Oct 03, 2018

3.66

3.7%

– 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.

S. Leech

Start Date

Tenure

Tenure Rank

Oct 03, 2018

3.66

3.7%

– 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

Frederick Marki

Start Date

Tenure

Tenure Rank

Oct 03, 2018

3.66

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

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