Fixed Income

WAYCX Western Asset High Yield Fund

Overview

Fund Facts

Fund description

Seeks to maximize total return mainly through a portfolio of U.S. dollar denominated high yield debt or fixed income securities. Uses the global breadth of Western Asset's investment platform, fundamental value-oriented investment philosophy and a process that combines top down macro economic views with bottom up fundamental research. Investors seeking to generate income from a high yield bond portfolio that offers attractive risk/return potential with historically low correlations to other asset classes may find this fund appropriate.

Benchmark: Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index
Dividend Frequency, if any: Monthly
Fund Inception Date: 09/28/2001
Distribution Rate at NAVAs of 05/22/2026 (Updated Daily): 6.34%
30-Day SEC Yield—With WaiverAs of 04/30/2026 (Updated Monthly): 5.90%
30-Day SEC Yield—Without WaiverAs of 04/30/2026 (Updated Monthly): 5.86%
Effective DurationAs of 04/30/2026 (Updated Monthly): 2.89 Years

Sales Charges, Expenses & Fees

As of 10/01/2025

Gross Expense Ratio: 1.75%
Net Expense Ratio: 1.75%
Maximum Initial Charge: —
CDSC: 1.00%
12b-1 Fee: 1.00%

Identifiers

Ticker: WAYCX
Fund Number: 7823
CUSIP Code: 957663388

Average Annual Total Returns As of 04/30/2026

View performance section for additional info As of 04/30/2026

Class C

With Sales Charge (POP)

Without Sales Charge (NAV)

8.13%1 Year
8.22%3 Years
2.79%5 Years
4.60%10 Years
3.98%Since Inception
04/30/2012

Top Sectors

View portfolio section for additional info

As of 04/30/2026 - Market Value % of Total (Updated Monthly)

Top Sectors
Consumer Cyclical17.15%
Communications13.10%
Finance13.06%
Energy11.47%
Structured11.00%

Additional Fund Info

Share Class Inception Date: 04/30/2012
Investment Style: Corporate Credit
Lipper Classification: High Yield Funds
Morningstar Category: High Yield Bond

Manager and Commentary

About the Team

Western Asset

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.