Western Asset Mortgage Total Return Fund (SGVAX)
The fund normally invests at least 80% of its assets in mortgage-backed securities. Mortgage-backed securities may be issued by private issuers, U.S. government-sponsored entities such as the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) and by agencies of the U.S. government, such as the Government National Mortgage Association. It may invest in government stripped mortgage-backed securities and other stripped securities. The fund may invest in securities of any maturity or duration, and the securities may have fixed, floating or variable rates.
Fund Info
US52469F3661
52469F366
Nov 6, 1992
$1,000
Expense Ratio
SGVAX has a high expense ratio of 0.94%, 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 Mortgage Total Return 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 Mortgage Total Return Fund had a return of 1.03% year-to-date (YTD) and 5.95% in the last 12 months. Over the past 10 years, Western Asset Mortgage Total Return Fund had an annualized return of 1.05%, while the S&P 500 had an annualized return of 11.31%, indicating that Western Asset Mortgage Total Return Fund did not perform as well as the benchmark.
SGVAX
1.03%
1.28%
-0.40%
5.95%
-0.98%
1.05%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of SGVAX, 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 | 0.79% | 1.03% | |||||||||||
| 2024 | 0.38% | -1.34% | 1.01% | -2.52% | 1.63% | 1.41% | 2.35% | 1.43% | 1.31% | -2.68% | 1.49% | -1.24% | 3.11% |
| 2023 | 3.55% | -2.92% | 2.26% | 0.58% | -1.31% | -0.83% | -0.23% | -0.37% | -3.41% | -2.42% | 4.87% | 4.52% | 3.90% |
| 2022 | -1.09% | -1.07% | -2.79% | -2.91% | 0.41% | -1.44% | 2.52% | -3.15% | -5.33% | -2.53% | 3.89% | -0.93% | -13.80% |
| 2021 | 0.08% | -0.19% | -0.23% | 0.53% | -0.28% | 0.26% | 1.14% | 0.10% | -0.43% | -0.13% | -0.06% | 0.01% | 0.78% |
| 2020 | 0.99% | 0.95% | -4.73% | 0.96% | 0.69% | 1.33% | 0.44% | 0.15% | 0.38% | 0.03% | 0.27% | 0.93% | 2.26% |
| 2019 | 0.66% | 0.06% | 1.44% | -0.04% | 1.49% | 0.65% | 0.47% | 1.15% | 0.11% | 0.22% | -0.24% | -0.09% | 6.03% |
| 2018 | -0.83% | -0.48% | 0.70% | -0.36% | 0.54% | -0.05% | -0.09% | 0.88% | -0.67% | -0.20% | 0.91% | 1.74% | 2.06% |
| 2017 | 0.30% | 0.50% | 0.42% | 0.69% | 1.05% | -0.24% | 0.58% | 0.97% | -0.24% | 0.26% | -0.32% | 0.48% | 4.54% |
| 2016 | 1.29% | -0.49% | -0.18% | 0.46% | -0.00% | 1.09% | 0.42% | -0.01% | 0.72% | -0.39% | -1.72% | 0.11% | 1.26% |
| 2015 | 1.53% | 0.08% | 0.55% | 0.63% | 0.16% | -0.93% | 0.55% | -0.29% | 0.28% | -0.14% | -0.30% | -0.33% | 1.79% |
| 2014 | 1.27% | 0.51% | -0.11% | 1.17% | 0.95% | 0.55% | 0.16% | 0.60% | 0.15% | 0.67% | 0.43% | -0.26% | 6.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SGVAX is 44, indicating average performance compared to other mutual funds on our website. Here’s 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 Mortgage Total Return Fund (SGVAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Western Asset Mortgage Total Return Fund provided a 4.67% dividend yield over the last twelve months, with an annual payout of $0.38 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 | $0.38 | $0.38 | $0.36 | $0.33 | $0.27 | $0.35 | $0.46 | $0.55 | $0.40 | $0.38 | $0.37 | $0.42 |
Dividend yield | 4.67% | 4.66% | 4.36% | 3.93% | 2.67% | 3.39% | 4.39% | 5.42% | 3.79% | 3.58% | 3.40% | 3.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset Mortgage Total Return 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 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.36 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.33 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.27 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.07 | $0.03 | $0.35 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.05 | $0.03 | $0.46 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.16 | $0.04 | $0.55 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.14 | $0.03 | $0.40 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.07 | $0.02 | $0.38 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.37 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.06 | $0.42 |
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 Mortgage Total Return 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 Mortgage Total Return Fund was 20.45%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Western Asset Mortgage Total Return Fund drawdown is 8.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.45% | Jan 25, 2021 | 690 | Oct 19, 2023 | — | — | — |
| -8.44% | Oct 6, 1998 | 221 | Aug 10, 1999 | 303 | Oct 17, 2000 | 524 |
| -7.43% | Sep 8, 1993 | 176 | May 11, 1994 | 250 | Apr 26, 1995 | 426 |
| -7.39% | Mar 10, 2020 | 12 | Mar 25, 2020 | 196 | Jan 4, 2021 | 208 |
| -6.2% | Dec 27, 1995 | 121 | Jun 12, 1996 | 100 | Oct 30, 1996 | 221 |
Volatility
Volatility Chart
The current Western Asset Mortgage Total Return Fund volatility is 1.48%, 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.