Western Asset Short-Term Bond Fund (SBSTX)

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Western Asset Short-Term Bond Fund (SBSTX) is up 0.3% since the beginning of the year. SBSTX is currently trading at $4 per share. Investors who bought $1,000 worth of SBSTX shares 5 years ago would now be looking at an investment worth $1,076.

Western Asset Short-Term Bond Fund (SBSTX) has returned 0.32% so far this year and 3.37% over the past 12 months. Over the last ten years, SBSTX has returned 1.92% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 1992, SBSTX's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.

Historically, 69% of months were positive and 31% were negative. The best month was May 2009 with a return of +2.6%, while the worst month was Oct 2008 at -4.4%. The longest winning streak lasted 21 consecutive months, and the longest losing streak was 6 months.

On a daily basis, SBSTX closed higher 19% of trading days. The best single day was Jan 31, 1992 with a return of +14.1%, while the worst single day was Jan 30, 1992 at -12.4%.

Western Asset Short-Term Bond Fund has an annualized alpha of 2.98%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 02, 1992.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (10.08%) than losses (0.82%) - typical of diversified or defensive assets.
• Beta of -0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

SBSTX has an expense ratio of 0.71%, placing it in the medium range.

SBSTX ranks 46 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Western Asset Short-Term Bond Fund provided a 3.88% dividend yield over the last twelve months, with an annual payout of $0.14 per share. The fund has been increasing its distributions for 4 consecutive years.

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.

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.

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.

The current Western Asset Short-Term Bond Fund drawdown is 0.29%.

The chart below shows the rolling one-month volatility.