Western Asset Intermediate Bond Fund (WATIX)

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Western Asset Intermediate Bond Fund (WATIX) is down 0.8% since the beginning of the year. WATIX is currently trading at $10 per share. Investors who bought $1,000 worth of WATIX shares 5 years ago would now be looking at an investment worth $996.

Western Asset Intermediate Bond Fund (WATIX) has returned -0.79% so far this year and 1.32% over the past 12 months. Over the last ten years, WATIX has returned 1.65% per year, falling short of the S&P 500 Index benchmark, which averaged 13.29% annually.

Based on dividend-adjusted daily data since Jun 30, 1994, WATIX's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.

Historically, 70% of months were positive and 30% were negative. The best month was Aug 1995 with a return of +31.3%, while the worst month was Oct 2008 at -5.7%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.

On a daily basis, WATIX closed higher 43% of trading days. The best single day was Aug 11, 1995 with a return of +29.5%, while the worst single day was Oct 8, 2008 at -2.0%.

Western Asset Intermediate Bond Fund has an annualized alpha of 12.50%, beta of -0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 30, 1994.

• This fund captured 27.96% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -22.75%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.02 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.

WATIX has an expense ratio of 0.56%, placing it in the medium range.

WATIX ranks 16 for risk / return — above 16% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

Western Asset Intermediate Bond Fund provided a 3.42% dividend yield over the last twelve months, with an annual payout of $0.33 per share.

The table displays the monthly dividend distributions for Western Asset Intermediate 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 Intermediate 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 Intermediate Bond Fund was 16.72%, occurring on Oct 20, 2022. Recovery took 825 trading sessions.

The current Western Asset Intermediate Bond Fund drawdown is 1.83%.

The chart below shows the rolling one-month volatility.