Western Asset High Yield Fund (WAHYX)
The fund normally invests at least 80% of its net assets in U.S. dollar denominated debt or fixed income securities that are rated below investment grade at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations or are of a comparable quality as determined by the subadviser. The fund managers consider securities that are rated below the Baa or BBB categories to be rated below investment grade. The fund may also enter into various exchange-traded and over-the-counter derivative transactions for both hedging and non-hedging purposes.
Fund Info
US9576638426
957663842
Sep 28, 2001
$1,000,000
Expense Ratio
WAHYX features an expense ratio of 0.81%, 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 High Yield 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 High Yield Fund had a return of 1.22% year-to-date (YTD) and 10.53% in the last 12 months. Over the past 10 years, Western Asset High Yield Fund had an annualized return of 4.36%, while the S&P 500 had an annualized return of 11.31%, indicating that Western Asset High Yield Fund did not perform as well as the benchmark.
WAHYX
1.22%
0.93%
4.49%
10.53%
3.57%
4.36%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of WAHYX, 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 | 1.07% | 1.22% | |||||||||||
| 2024 | -0.08% | 0.46% | 0.97% | -0.85% | 1.28% | 0.79% | 1.98% | 1.53% | 1.92% | -0.51% | 1.25% | -0.40% | 8.62% |
| 2023 | 4.85% | -1.47% | -0.38% | 0.62% | -0.85% | 2.15% | 2.00% | 0.36% | -1.15% | -1.93% | 3.94% | 3.80% | 12.31% |
| 2022 | -2.29% | -1.16% | -1.10% | -3.59% | -1.23% | -7.27% | 4.78% | -0.85% | -4.50% | 1.57% | 2.61% | -0.85% | -13.53% |
| 2021 | 0.16% | 0.76% | 0.31% | 1.24% | 0.28% | 1.50% | 0.31% | 0.42% | 0.02% | 0.16% | -1.32% | 1.78% | 5.73% |
| 2020 | -0.05% | -1.32% | -13.05% | 4.38% | 4.93% | 1.28% | 4.38% | 1.35% | -0.85% | 0.45% | 4.49% | 1.81% | 6.64% |
| 2019 | 5.14% | 1.35% | 0.99% | 1.49% | -1.05% | 2.52% | 0.47% | -0.05% | 0.46% | -0.16% | 0.45% | 2.51% | 14.90% |
| 2018 | 0.98% | -1.18% | -0.65% | 0.73% | 0.59% | 0.33% | 0.95% | 1.06% | 0.59% | -2.11% | -0.99% | -3.16% | -2.93% |
| 2017 | 1.49% | 1.28% | -0.02% | 0.93% | 0.15% | 0.58% | 1.09% | -0.61% | 1.36% | 0.11% | 0.09% | 0.47% | 7.13% |
| 2016 | -2.53% | -0.81% | 4.34% | 4.31% | 1.05% | 2.02% | 2.26% | 2.08% | 1.14% | 0.38% | -0.84% | 1.79% | 16.06% |
| 2015 | -0.53% | 3.03% | -0.05% | 1.61% | 0.18% | -1.36% | -1.36% | -1.89% | -2.83% | 2.13% | -2.26% | -3.84% | -7.16% |
| 2014 | 0.43% | 1.85% | 0.74% | 0.62% | 0.74% | 1.04% | -1.00% | 0.87% | -1.97% | -0.28% | -1.10% | -1.91% | -0.07% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 93, WAHYX is among the top 7% 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 High Yield Fund (WAHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Western Asset High Yield Fund provided a 7.72% dividend yield over the last twelve months, with an annual payout of $0.54 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 | $0.54 | $0.54 | $0.51 | $0.45 | $0.39 | $0.42 | $0.44 | $0.46 | $0.44 | $0.50 | $0.53 | $0.56 |
Dividend yield | 7.72% | 7.77% | 7.37% | 6.80% | 4.83% | 5.19% | 5.44% | 6.20% | 5.52% | 6.31% | 7.29% | 6.63% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset High Yield 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 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.06 | $0.04 | $0.54 |
| 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 | $0.51 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2021 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.42 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 | $0.04 | $0.46 |
| 2017 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2016 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
| 2015 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.53 |
| 2014 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.06 | $0.56 |
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 High Yield 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 High Yield Fund was 38.96%, occurring on Dec 12, 2008. Recovery took 233 trading sessions.
The current Western Asset High Yield Fund drawdown is 0.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.96% | May 24, 2007 | 392 | Dec 12, 2008 | 233 | Nov 16, 2009 | 625 |
| -22.83% | Feb 21, 2020 | 22 | Mar 23, 2020 | 158 | Nov 4, 2020 | 180 |
| -19.71% | Apr 25, 2002 | 117 | Oct 10, 2002 | 235 | Sep 18, 2003 | 352 |
| -17.91% | Jul 8, 2014 | 404 | Feb 11, 2016 | 161 | Sep 30, 2016 | 565 |
| -16.98% | Nov 10, 2021 | 238 | Oct 20, 2022 | 431 | Jul 11, 2024 | 669 |
Volatility
Volatility Chart
The current Western Asset High Yield Fund volatility is 0.84%, 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.