Western Asset Macro Opportunities Fund (LAOSX)
The investment seeks to maximize total return. Under normal circumstances, the fund seeks to achieve its investment objective by implementing an opportunistic investing strategy. The Advisor attempts to identify and capitalize on attractive relative-value opportunities principally in fixed income markets around the globe by investing in a variety of securities and other instruments. The fund may enter into various derivative transactions for both hedging and non-hedging purposes, including for purposes of enhancing returns. The fund is non-diversified.
Fund Info
| ISIN | US95768D5095 |
|---|---|
| Issuer | Legg Mason |
| Inception Date | Aug 29, 2013 |
| Category | Nontraditional Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
LAOSX has a high expense ratio of 1.24%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Western Asset Macro Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Western Asset Macro Opportunities Fund had a return of -9.02% year-to-date (YTD) and -0.40% in the last 12 months. Over the past 10 years, Western Asset Macro Opportunities Fund had an annualized return of 2.16%, while the S&P 500 had an annualized return of 10.37%, indicating that Western Asset Macro Opportunities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -9.02% | 5.57% |
| 1 month | -5.34% | -4.16% |
| 6 months | 10.72% | 20.07% |
| 1 year | -0.40% | 20.82% |
| 5 years (annualized) | -0.23% | 11.56% |
| 10 years (annualized) | 2.16% | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.56% | -2.24% | 0.90% | |||||||||
| 2023 | -3.01% | 10.36% | 10.28% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LAOSX is 7, indicating that it is in the bottom 7% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Western Asset Macro Opportunities Fund(LAOSX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Western Asset Macro Opportunities Fund (LAOSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Western Asset Macro Opportunities Fund granted a 0.47% dividend yield in the last twelve months. The annual payout for that period amounted to $0.04 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.04 | $0.04 | $0.00 | $0.32 | $0.01 | $1.19 | $0.30 | $0.61 | $0.24 | $0.74 | $0.44 | $0.30 |
Dividend yield | 0.47% | 0.43% | 0.00% | 2.73% | 0.06% | 10.74% | 2.82% | 5.30% | 2.29% | 7.30% | 4.14% | 2.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset Macro Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.19 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 |
| 2013 | $0.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Western Asset Macro Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Western Asset Macro Opportunities Fund was 30.38%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Western Asset Macro Opportunities Fund drawdown is 18.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -30.38% | Sep 16, 2021 | 279 | Oct 24, 2022 | — | — | — |
| -21.31% | Feb 18, 2020 | 24 | Mar 20, 2020 | 87 | Jul 24, 2020 | 111 |
| -10.24% | Apr 16, 2015 | 209 | Feb 11, 2016 | 46 | Apr 19, 2016 | 255 |
| -10.2% | Jan 26, 2018 | 194 | Oct 31, 2018 | 149 | Jun 7, 2019 | 343 |
| -9.25% | Jan 4, 2021 | 52 | Mar 18, 2021 | 114 | Aug 30, 2021 | 166 |
Volatility
Volatility Chart
The current Western Asset Macro Opportunities Fund volatility is 4.01%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.