Class I - With Sales Charge (POP) (%)
Month End
As of 09/30/2025
Fixed Income
WAHYX Western Asset High Yield Fund
Popular Documents
Total Net Assets
$230.59M
As of 09/30/2025 (Updated Monthly)
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 NAV
4 As of 10/31/2025 (Updated Daily) - 6.73%
- Effective Duration
As of 09/30/2025 (Updated Monthly) - 3.02 Years
Identifiers
- Ticker
- WAHYX
- Fund Number
- 7258
- CUSIP Code
- 957663842
Average Annual Total Returns As of 09/30/2025
Class I
- 8.16%1 Year
- 10.72%3 Years
- 5.10%5 Years
- 5.45%10 Years
- 6.37%Since Inception
09/28/2001
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 09/30/2025 - Market Value % of Total (Updated Monthly)
Additional Fund Info
- Share Class Inception Date
- 09/28/2001
- 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.
Latest Insights
October 30, 2025
October 30, 2025
October 13, 2025
October 7, 2025
Performance
Average Annual Total Returns
As of 09/30/2025
Selected Month September 2025
Class I - Without Sales Charge (NAV) (%)
Month End
As of 09/30/2025
Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index (%)
Month End
As of 09/30/2025
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 3
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of09/30/2025 (Updated Monthly)
- Total Net Assets
- $230.59 Million
Positions
As of 09/30/2025 (Updated Monthly)
Number of Holdings
- Fund
- 404
- Benchmark
- 1,975
Portfolio Statistics
As of 09/30/2025 (Updated Monthly)
Effective Duration
- Fund
- 3.02 Years
- Benchmark
- —
- Fund
- 4.76 Years
- Benchmark
- 3.67 Years
- Fund
- 6.99%
- Benchmark
- —
Credit Quality Allocation 11
As of 09/30/2025 - Market Value (Updated Monthly)
| Credit Quality | Fund |
|---|---|
AA | 0.17% |
A | 0.23% |
BBB | 8.74% |
BB | 34.88% |
B | 34.47% |
CCC | 15.75% |
CC | 0.62% |
C | 0.21% |
D | 0.94% |
Not Rated | 4.38% |
Cash & Cash Equivalents | -0.39% |
Holdings
As of 09/30/2025 (Updated Monthly)
WA Premier Institutional Gover
CCO HOLDINGS LLC / CCO HOLDING 4.2500% Mat 01/15/2034
FIRST QUANTUM MINERALS LTD 8.0000% Mat 03/01/2033
MCCLATCHY MEDIA CO LLC 11.0000% Mat 12/01/2031
PM GENERAL PURCHASER LLC 9.5000% Mat 10/01/2028
VENTURE GLOBAL PLAQUE 6.7500% Mat 01/15/2036
CARNIVAL HLDGS BM LTD 6.1250% Mat 02/15/2033
NRG ENERGY INC 6.0000% Mat 01/15/2036
AMERICAN AIRLINES/AADVANTAGE LOYALTY 5.7500% Mat 04/20/2029
NCL CORP LTD 6.2500% Mat 09/15/2033
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an Accrual fund.
- Capital Gain Distributions
- December
Rates and Yields
Distribution Rate
At Net Asset Value (NAV) 6.73%
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
10/31/2025
09/30/2025
08/29/2025
07/31/2025
06/30/2025
05/30/2025
04/30/2025
03/31/2025
02/28/2025
01/31/2025
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Pricing
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Western Asset High Yield Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Western Asset High Yield Fund - Class I | |||
| Annual Financial Statements and Other Information - Western Asset High Yield Fund | |||
| Semi-Annual Report - Western Asset High Yield Fund - Class I | |||
| Semi-Annual Financial Statements and Other Information - Western Asset High Yield Fund | |||
| Prospectus - Western Asset High Yield Fund | |||
| Summary Prospectus - Western Asset High Yield Fund | |||
| Statement of Additional Information - Legg Mason Partners Income Trust Book 8 | |||
| Fiscal Q1 Holdings - Western Asset High Yield Fund | |||
| Fiscal Q3 Holdings - Western Asset High Yield Fund |
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. Leverage increases the volatility of investment returns and subjects investments to magnified losses and a decline in value. 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. These and other risks are discussed in the fund’s prospectus.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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.
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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.
The Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index measures the performance of U.S. dollar-denominated, non-investment-grade, fixed-rate, taxable corporate bond market. The Index limits the maximum exposure to any one issuer to 2%.
Source: Bloomberg Indices.
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.