Western Asset Corporate Bond Fund (SIGAX)
Under normal circumstances, the fund invests at least 80% of its assets in corporate debt securities and at least 80% of its assets in "investment grade" debt securities. It may invest up to 25% of its assets in non-U.S. dollar denominated fixed income securities of foreign issuers. The advisor intends to invest not more than 10% of the fund's assets in non-U.S. dollar denominated fixed income securities of foreign issuers for which the fund has not implemented a currency hedge. The fund may invest in securities of any maturity or duration.
Fund Info
US52469F3174
52469F317
Nov 6, 1992
$1,000
Expense Ratio
SIGAX features an expense ratio of 0.88%, 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 Corporate 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 Corporate Bond Fund had a return of 1.00% year-to-date (YTD) and 5.12% in the last 12 months. Over the past 10 years, Western Asset Corporate Bond Fund had an annualized return of 2.13%, while the S&P 500 had an annualized return of 11.26%, indicating that Western Asset Corporate Bond Fund did not perform as well as the benchmark.
SIGAX
1.00%
0.90%
-0.61%
5.12%
-0.72%
2.13%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of SIGAX, 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 | 0.61% | 1.00% | |||||||||||
| 2024 | 0.03% | -1.39% | 1.37% | -2.71% | 1.79% | 0.78% | 2.32% | 1.62% | 1.59% | -2.51% | 1.25% | -1.98% | 1.99% |
| 2023 | 4.64% | -3.31% | 1.43% | 0.66% | -1.40% | 0.33% | 0.70% | -1.11% | -2.98% | -1.97% | 6.05% | 4.67% | 7.44% |
| 2022 | -3.14% | -2.17% | -2.53% | -5.66% | 0.72% | -3.86% | 3.89% | -2.97% | -5.37% | -1.21% | 5.09% | -0.55% | -16.91% |
| 2021 | -1.01% | -1.62% | -1.48% | 1.25% | 0.70% | 1.20% | 1.19% | -0.08% | -1.15% | -0.10% | -0.32% | -0.02% | -1.48% |
| 2020 | 2.22% | 0.64% | -9.94% | 6.97% | 2.69% | 2.28% | 3.14% | -0.40% | -0.56% | -0.10% | 3.44% | -0.33% | 9.52% |
| 2019 | 3.15% | 0.47% | 2.23% | 0.64% | 0.81% | 2.90% | 0.63% | 1.63% | -0.41% | 0.61% | 0.28% | 0.44% | 14.15% |
| 2018 | -0.89% | -1.57% | 0.15% | -0.84% | 0.08% | -0.84% | 1.49% | -0.25% | 0.08% | -1.66% | -0.62% | 1.22% | -3.65% |
| 2017 | 0.58% | 1.27% | -0.10% | 1.11% | 1.11% | 0.21% | 0.77% | 0.85% | 0.03% | 0.35% | -0.04% | 0.85% | 7.21% |
| 2016 | -1.09% | -0.25% | 4.11% | 2.34% | 0.01% | 1.72% | 1.94% | 0.94% | -0.20% | -0.34% | -2.59% | 1.29% | 8.01% |
| 2015 | 2.25% | 0.04% | 0.23% | -0.42% | -0.48% | -1.87% | 0.26% | -0.90% | -0.34% | 1.52% | 0.00% | -1.03% | -0.79% |
| 2014 | 1.26% | 1.64% | 0.25% | 1.31% | 1.56% | 0.56% | -0.09% | 1.53% | -1.68% | 1.15% | 0.41% | 0.03% | 8.16% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SIGAX is 39, 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 Corporate Bond Fund (SIGAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Western Asset Corporate Bond Fund provided a 4.93% dividend yield over the last twelve months, with an annual payout of $0.52 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 | $0.52 | $0.52 | $0.49 | $0.39 | $0.36 | $0.43 | $0.46 | $0.45 | $0.44 | $0.47 | $0.51 | $0.49 |
Dividend yield | 4.93% | 4.95% | 4.58% | 3.67% | 2.72% | 3.16% | 3.54% | 3.84% | 3.45% | 3.83% | 4.32% | 3.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset Corporate 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 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.52 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.39 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.43 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.45 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.44 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.51 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.49 |
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 Corporate 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 Corporate Bond Fund was 30.27%, occurring on Mar 10, 2009. Recovery took 162 trading sessions.
The current Western Asset Corporate Bond Fund drawdown is 9.90%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -30.27% | Nov 5, 2007 | 337 | Mar 10, 2009 | 162 | Oct 28, 2009 | 499 |
| -23.6% | Sep 15, 2021 | 279 | Oct 21, 2022 | — | — | — |
| -18.31% | Mar 9, 2020 | 10 | Mar 20, 2020 | 72 | Jul 2, 2020 | 82 |
| -17.25% | Oct 6, 1998 | 335 | Jan 18, 2000 | 384 | Jul 30, 2001 | 719 |
| -17.08% | Oct 18, 1993 | 275 | Nov 4, 1994 | 144 | May 25, 1995 | 419 |
Volatility
Volatility Chart
The current Western Asset Corporate Bond Fund volatility is 1.47%, 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.