Western Asset Short-Term Bond Fund (SBSTX)
The investment seeks current income, preservation of capital and liquidity. The fund normally invests at least 80% of its assets in "investment grade" fixed income securities. Securities in which the fund invests include corporate debt securities, bank obligations, mortgage- and asset-backed securities and securities issued by the U.S. government and its agencies and instrumentalities. It may invest up to 25% of its assets in U.S. dollar denominated securities of non-U.S. issuers. The adviser may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio and for other purposes.
Fund Info
US52469E5006
52469E500
Nov 11, 1991
$1,000
Expense Ratio
SBSTX features an expense ratio of 0.71%, falling within the medium range.
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 Short-Term Bond 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 Short-Term Bond Fund had a return of 0.60% year-to-date (YTD) and 5.10% in the last 12 months. Over the past 10 years, Western Asset Short-Term Bond Fund had an annualized return of 1.76%, while the S&P 500 had an annualized return of 11.31%, indicating that Western Asset Short-Term Bond Fund did not perform as well as the benchmark.
SBSTX
0.60%
0.60%
1.73%
5.10%
1.38%
1.76%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of SBSTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.60% | 0.60% | |||||||||||
| 2024 | 0.58% | -0.54% | 0.60% | -0.52% | 0.61% | 0.61% | 1.16% | 0.87% | 0.87% | -0.75% | 0.60% | 0.08% | 4.21% |
| 2023 | 1.08% | -0.58% | 1.11% | 0.28% | -0.28% | -0.25% | 0.58% | 0.31% | -0.25% | -0.25% | 1.71% | 1.41% | 4.95% |
| 2022 | -0.93% | -0.94% | -1.45% | -0.94% | 0.14% | -0.92% | 0.71% | -0.62% | -1.45% | -0.33% | 1.37% | 0.25% | -5.03% |
| 2021 | 0.15% | -0.38% | -0.13% | 0.38% | 0.13% | -0.15% | 0.36% | -0.15% | -0.15% | -0.41% | -0.31% | 0.13% | -0.54% |
| 2020 | 0.72% | 0.43% | -2.62% | 1.75% | 0.96% | 0.66% | 0.66% | 0.15% | -0.13% | 0.15% | 0.58% | 0.41% | 3.74% |
| 2019 | 0.76% | 0.21% | 0.75% | 0.49% | 0.49% | 0.49% | 0.23% | 0.46% | 0.21% | 0.21% | -0.03% | 0.18% | 4.54% |
| 2018 | -0.36% | 0.16% | 0.16% | -0.08% | 0.44% | -0.08% | 0.21% | 0.21% | -0.05% | -0.05% | 0.26% | 0.50% | 1.32% |
| 2017 | 0.39% | 0.39% | 0.13% | 0.39% | 0.15% | 0.13% | 0.42% | 0.13% | -0.13% | 0.15% | -0.07% | 0.15% | 2.24% |
| 2016 | 0.10% | 0.10% | 0.39% | 0.37% | 0.13% | 0.65% | 0.38% | -0.13% | 0.39% | -0.13% | -0.49% | 0.13% | 1.91% |
| 2015 | 0.36% | 0.08% | 0.10% | 0.10% | 0.10% | -0.15% | 0.10% | -0.41% | 0.10% | 0.10% | -0.15% | -0.26% | 0.07% |
| 2014 | 0.33% | 0.33% | -0.15% | 0.36% | 0.10% | 0.10% | -0.15% | 0.36% | -0.15% | 0.08% | 0.08% | -0.31% | 0.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 90, SBSTX is among the top 10% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Western Asset Short-Term Bond Fund (SBSTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Western Asset Short-Term Bond Fund provided a 3.86% dividend yield over the last twelve months, with an annual payout of $0.14 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.14 | $0.14 | $0.13 | $0.08 | $0.06 | $0.08 | $0.10 | $0.09 | $0.07 | $0.06 | $0.05 | $0.05 |
Dividend yield | 3.86% | 3.84% | 3.42% | 2.08% | 1.52% | 2.12% | 2.62% | 2.35% | 1.71% | 1.64% | 1.38% | 1.23% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset Short-Term Bond 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.01 | $0.00 | $0.01 | ||||||||||
| 2024 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.06 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 |
| 2016 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.05 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Western Asset Short-Term Bond 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 Short-Term Bond Fund was 16.30%, occurring on Nov 24, 2008. Recovery took 287 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.3% | Feb 6, 2008 | 203 | Nov 24, 2008 | 287 | Jan 15, 2010 | 490 |
| -7.89% | Jun 11, 2021 | 343 | Oct 19, 2022 | 414 | Jun 13, 2024 | 757 |
| -5.32% | Mar 9, 2020 | 12 | Mar 24, 2020 | 52 | Jun 8, 2020 | 64 |
| -5.07% | Feb 14, 1996 | 86 | Jun 12, 1996 | 104 | Nov 5, 1996 | 190 |
| -4.06% | Oct 18, 1993 | 146 | May 9, 1994 | 202 | Feb 15, 1995 | 348 |
Volatility
Volatility Chart
The current Western Asset Short-Term Bond Fund volatility is 0.80%, 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.