Class FI - With Sales Charge (POP) (%)
Month End
As of 04/30/2026
Fixed Income
WACIX Western Asset Core Plus Bond Fund
- Access to high quality bonds. Seeks to maximize total return from a diversified portfolio of high quality bonds that includes limited exposure to opportunistic debt sectors.
- Experienced portfolio management Team. Actively managed by a seasoned portfolio management team, backed by a deep team of credit specialists, who leverage the global breadth of Western Asset's vast investment platform.
- Core portfolio holding. Can be used as a traditional core bond holding.
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Overview
Fund Facts
Fund description
Seeks to maximize total return from an actively managed, well-diversified core fixed-income portfolio of high-quality securities that includes limited exposure to opportunistic debt sectors. Uses the global breadth of Western Asset's investment platform, fundamental value-oriented investment philosophy and a process that combines top-down macroeconomic views with bottom-up fundamental research.
- Benchmark
- Bloomberg U.S. Aggregate Index
- Dividend Frequency, if any
- Monthly
- Fund Inception Date
- 07/08/1998
- Distribution Rate at NAV
3 As of 05/12/2026 (Updated Daily) - 4.81%
- Effective Duration
As of 04/30/2026 (Updated Monthly) - 6.25 Years
Identifiers
- Ticker
- WACIX
- Fund Number
- 7593
- CUSIP Code
- 957663602
Average Annual Total Returns As of 04/30/2026
Class FI
- 4.16%1 Year
- 2.90%3 Years
- -1.53%5 Years
- 1.42%10 Years
- 4.01%Since Inception
01/08/2002
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 04/30/2026 - Market Value % of Total (Updated Monthly)
Agency Mortgage-Backed Securities33.06% | |
Investment-Grade Credit29.87% | |
Commercial Mortgage Backed Securities8.93% | |
Treasury8.16% | |
Non-Agency Mortgage Backed Securities5.75% |
Additional Fund Info
- Share Class Inception Date
- 01/08/2002
- Investment Style
- Multi-Sector
- Lipper Classification
- Core Plus Bond Funds
- Morningstar Category
9 - Intermediate Core-Plus Bond
Manager and Commentary
About the Team
Western Asset Management is one of the world's leading global fixed income managers. Founded in 1971, the firm is known for team management and proprietary research, supported by robust risk management and a long-term fundamental value approach.
Commentary Highlights
March 31, 2026- Markets: The first quarter of 2026 was characterized by elevated geopolitical risk and accelerating AI-driven disruption across the software sector and its incumbent business models. The period was shaped by a series of international developments, including the capture and indictment of Nicolás Maduro, escalating diplomatic tensions between the US and European NATO allies over Greenland, and a US-Israeli military operation against Iran.
- Contributors : TIPS positioning along with positive issue selection within high-yield credit, agency MBS and structured products contributed to performance.
- Detractors : Yield curve positioning was a detractor as the curve bear-flattened.
- Outlook : Geopolitical tensions remain a defining feature of the outlook, with the Middle East conflict introducing ongoing uncertainty and contributing to oil price volatility as supply routes face occasional disruption. Even with these pressures, the global economic backdrop is gradually improving as fiscal support, easier financial conditions and moderating inflation help strengthen the 2026 outlook.
Latest Insights
May 11, 2026
April 28, 2026
March 9, 2026
February 22, 2026
Performance
Average Annual Total Returns
As of 04/30/2026
Selected Month April 2026
Class FI - Without Sales Charge (NAV) (%)
Month End
As of 04/30/2026
Bloomberg U.S. Aggregate Index (%)
Month End
As of 04/30/2026
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 10
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Portfolio
Distributions & Tax
Pricing
Documents
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. Active and frequent trading may increase a shareholder’s tax liability and transaction costs. These and other risks are discussed in the fund’s prospectus.
Important Information
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
The Bloomberg U.S. Aggregate Index is comprised of investment-grade, U.S. dollar-denominated government, corporate, and mortgage- and asset-backed issues having at least one year to maturity.
Source: Bloomberg Indices.