Western Asset Total Return Unconstrained Fund (WAARX)
The fund has a flexible investment strategy and will invest in a variety of securities and instruments and use a variety of investment techniques in pursuing its objective. Under normal market conditions, it will invest at least 50% of its net assets in debt and fixed income securities rated at least in the Baa or BBB categories at the time of purchase by one or more NRSROs or unrated securities of comparable quality at the time of purchase. The fund may also enter into various exchange-traded and over-the-counter derivative transactions for both hedging and non-hedging purposes.
Fund Info
US9576637196
957663719
Jul 5, 2006
$1,000,000
Expense Ratio
WAARX has an expense ratio of 0.74%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Western Asset Total Return Unconstrained Fund (WAARX) returned 3.22% year-to-date (YTD) and 7.31% over the past 12 months. Over the past 10 years, WAARX returned 1.89% annually, underperforming the S&P 500 benchmark at 10.84%.
WAARX
3.22%
-0.54%
2.65%
7.31%
2.73%
0.97%
1.89%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of WAARX, 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 | 1.23% | 1.55% | 0.09% | 0.87% | -0.54% | 3.22% | |||||||
| 2024 | -0.11% | -0.55% | 0.40% | -1.99% | 1.47% | 0.28% | 1.90% | 1.10% | 1.52% | -1.85% | 1.44% | -0.77% | 2.77% |
| 2023 | 2.99% | -3.68% | 2.27% | 0.00% | -0.23% | 1.35% | 1.70% | -1.34% | -2.27% | -0.82% | 4.35% | 3.24% | 7.50% |
| 2022 | -0.98% | -2.96% | -4.14% | -2.35% | 0.66% | -2.50% | 0.56% | -0.44% | -4.01% | -1.51% | 3.30% | -0.25% | -13.93% |
| 2021 | -0.37% | -0.55% | -1.50% | 0.85% | 0.38% | 0.57% | -0.00% | 0.47% | -0.60% | -0.47% | -0.66% | 0.05% | -1.84% |
| 2020 | 0.46% | -1.69% | -7.72% | 3.24% | 2.59% | 1.91% | 2.26% | 0.38% | -0.29% | -0.19% | 3.47% | 1.12% | 5.13% |
| 2019 | 2.06% | 0.03% | 0.45% | 0.36% | 0.70% | 1.43% | 0.17% | -0.74% | 1.69% | 1.02% | -0.33% | 1.64% | 8.76% |
| 2018 | 0.38% | -1.50% | 0.39% | -1.13% | -0.58% | -0.85% | 0.78% | -1.25% | 0.20% | -1.74% | 0.75% | 1.98% | -2.61% |
| 2017 | 0.63% | 0.62% | 0.51% | 0.61% | 0.89% | 1.48% | 0.64% | 0.73% | 0.31% | -0.04% | 0.49% | 0.56% | 7.68% |
| 2016 | -1.80% | -0.94% | 2.53% | 1.67% | -0.10% | 0.48% | 1.37% | 0.85% | -0.05% | 0.93% | -0.42% | 0.95% | 5.53% |
| 2015 | -0.26% | 1.08% | 0.02% | 0.55% | 0.29% | -0.47% | 0.29% | -0.49% | -1.02% | 0.95% | -0.34% | -0.33% | 0.25% |
| 2014 | 0.38% | 0.77% | 0.53% | 0.62% | 0.64% | 0.35% | 0.27% | 0.15% | 0.23% | -0.20% | -0.53% | -0.60% | 2.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 86, WAARX is among the top 14% 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 Total Return Unconstrained Fund (WAARX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Western Asset Total Return Unconstrained Fund provided a 4.37% dividend yield over the last twelve months, with an annual payout of $0.40 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.43 | $0.23 | $0.09 | $0.45 | $0.17 | $0.46 | $0.38 | $0.39 | $0.33 | $0.32 | $0.38 |
Dividend yield | 4.37% | 4.81% | 2.53% | 1.04% | 4.40% | 1.60% | 4.34% | 3.73% | 3.58% | 3.17% | 3.12% | 3.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset Total Return Unconstrained 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 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | |||||||
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.43 |
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.04 | $0.23 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.29 | $0.45 |
| 2020 | $0.04 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.06 | $0.46 |
| 2018 | $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 |
| 2017 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.10 | $0.03 | $0.39 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2014 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.11 | $0.38 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Western Asset Total Return Unconstrained 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 Total Return Unconstrained Fund was 21.40%, occurring on Dec 5, 2008. Recovery took 162 trading sessions.
The current Western Asset Total Return Unconstrained Fund drawdown is 3.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.4% | Feb 1, 2008 | 214 | Dec 5, 2008 | 162 | Jul 30, 2009 | 376 |
| -19.34% | Sep 16, 2021 | 277 | Oct 20, 2022 | — | — | — |
| -13.75% | Feb 18, 2020 | 25 | Mar 23, 2020 | 87 | Jul 27, 2020 | 112 |
| -5.58% | Feb 1, 2018 | 190 | Oct 31, 2018 | 144 | May 31, 2019 | 334 |
| -5.53% | Aug 4, 2015 | 133 | Feb 11, 2016 | 80 | Jun 7, 2016 | 213 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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