Western Asset Core Bond Fund (WATFX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Western Asset Core Bond Fund (WATFX) is up 0.0% since the beginning of the year. WATFX is currently trading at $11 per share. Investors who bought $1,000 worth of WATFX shares 5 years ago would now be looking at an investment worth $948.

Western Asset Core Bond Fund (WATFX) has returned 0.02% so far this year and 4.88% over the past 12 months. Over the last ten years, WATFX has returned 1.51% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Aug 31, 1990, WATFX's average daily return is +0.17%, while the average monthly return is +3.50%. At this rate, an investment would double in approximately 1.7 years.

Historically, 66% of months were positive and 34% were negative. The best month was Dec 1993 with a return of +206.4%, while the worst month was Oct 2008 at -6.2%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.

On a daily basis, WATFX closed higher 47% of trading days. The best single day was Dec 28, 1993 with a return of +204.9%, while the worst single day was Jul 25, 1991 at -3.5%.

Western Asset Core Bond Fund has an annualized alpha of 51.98%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 31, 1990.

• This fund captured 98.22% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -56.07%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.01 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.

WATFX has an expense ratio of 0.46%, placing it in the medium range.

WATFX ranks 21 for risk / return — below 21% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Western Asset Core Bond Fund provided a 3.93% dividend yield over the last twelve months, with an annual payout of $0.42 per share.

The table displays the monthly dividend distributions for Western Asset Core 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 Core 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 Core Bond Fund was 23.69%, occurring on Oct 24, 2022. The portfolio has not yet recovered.

The current Western Asset Core Bond Fund drawdown is 7.35%.

The chart below shows the rolling one-month volatility.