Western Asset Intermediate Bond Fund (WATIX)
The fund invests in a portfolio of fixed income securities of various maturities and, under normal market conditions, will invest at least 80% of its net assets in debt and fixed income securities. Although it may invest in debt and fixed income securities of any maturity, under normal market conditions the target dollar-weighted average effective duration for the fund, as estimated by the fund's subadviser, is expected to range within 20% of the duration of its benchmark.
Fund Info
US9576637014
957663701
Jul 1, 1994
$1,000,000
Expense Ratio
WATIX has an expense ratio of 0.56%, 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 Intermediate Bond Fund (WATIX) returned 2.79% year-to-date (YTD) and 6.96% over the past 12 months. Over the past 10 years, WATIX returned 1.96% annually, underperforming the S&P 500 benchmark at 10.84%.
WATIX
2.79%
-0.17%
2.65%
6.96%
2.34%
0.20%
1.96%
^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 WATIX, 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 | 0.64% | 1.55% | 0.24% | 0.96% | -0.61% | 2.79% | |||||||
| 2024 | 0.29% | -1.17% | 0.63% | -1.58% | 1.37% | 0.72% | 2.00% | 1.23% | 1.12% | -2.04% | 0.82% | -0.64% | 2.70% |
| 2023 | 2.89% | -1.81% | 1.86% | 0.58% | -0.75% | -0.54% | 0.39% | -0.13% | -1.50% | -0.97% | 3.36% | 2.52% | 5.90% |
| 2022 | -1.86% | -1.44% | -2.96% | -2.56% | 0.79% | -2.01% | 1.75% | -1.89% | -3.37% | -0.61% | 2.73% | -0.46% | -11.45% |
| 2021 | -0.28% | -1.09% | -0.82% | 0.70% | 0.26% | 0.15% | 0.86% | -0.13% | -0.67% | -0.84% | -0.04% | 0.05% | -1.85% |
| 2020 | 1.30% | 0.72% | -2.98% | 2.56% | 1.69% | 0.94% | 1.48% | 0.17% | -0.26% | -0.18% | 1.29% | 0.47% | 7.34% |
| 2019 | 1.37% | 0.22% | 1.36% | 0.43% | 0.89% | 1.33% | 0.15% | 1.49% | -0.31% | 0.39% | 0.03% | 0.44% | 8.06% |
| 2018 | -0.62% | -0.73% | 0.32% | -0.43% | 0.41% | -0.14% | 0.33% | 0.44% | -0.32% | -0.41% | 0.20% | 1.19% | 0.23% |
| 2017 | 0.48% | 0.63% | 0.10% | 0.75% | 0.56% | 0.10% | 0.47% | 0.65% | -0.17% | 0.21% | -0.19% | 0.39% | 4.04% |
| 2016 | 0.74% | 0.54% | 1.10% | 0.44% | -0.09% | 1.53% | 0.72% | -0.18% | 0.24% | -0.36% | -1.82% | 0.30% | 3.17% |
| 2015 | 1.70% | -0.48% | 0.51% | -0.00% | 0.01% | -0.81% | 0.63% | -0.33% | 0.38% | 0.29% | -0.07% | -0.32% | 1.50% |
| 2014 | 1.10% | 0.54% | -0.25% | 0.74% | 0.92% | 0.09% | -0.17% | 0.73% | -0.64% | 0.62% | 0.35% | -0.21% | 3.88% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 84, WATIX is among the top 16% 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 Intermediate Bond Fund (WATIX) 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 Intermediate Bond Fund provided a 3.68% dividend yield over the last twelve months, with an annual payout of $0.36 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 | $0.36 | $0.35 | $0.33 | $0.24 | $0.24 | $0.56 | $0.36 | $0.30 | $0.26 | $0.47 | $0.35 | $0.25 |
Dividend yield | 3.68% | 3.61% | 3.37% | 2.56% | 2.19% | 4.89% | 3.23% | 2.82% | 2.39% | 4.32% | 3.18% | 2.26% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.13 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.24 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.24 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.33 | $0.56 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.08 | $0.36 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.26 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.24 | $0.47 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.13 | $0.35 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
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 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 16.13%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Western Asset Intermediate Bond Fund drawdown is 2.83%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.13% | Jan 5, 2021 | 453 | Oct 20, 2022 | — | — | — |
| -11.6% | Feb 6, 2008 | 184 | Oct 28, 2008 | 146 | May 29, 2009 | 330 |
| -8.41% | Mar 6, 2020 | 10 | Mar 19, 2020 | 48 | May 28, 2020 | 58 |
| -6.02% | Mar 18, 2004 | 60 | Jun 14, 2004 | 167 | Feb 9, 2005 | 227 |
| -4.79% | Jun 16, 2003 | 42 | Aug 14, 2003 | 102 | Jan 9, 2004 | 144 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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