SBSTX

About SBSTX

Western Asset Short-Term Bond Fund Class A is an open-end mutual fund focused on generating current income while emphasizing preservation of capital and liquidity. The strategy primarily targets investment‑grade fixed income, maintaining at least 80% of assets in securities such as corporate bonds, U.S. government and agency obligations, mortgage- and asset‑backed securities, and short-term instruments, with an average effective maturity constrained to the short end of the curve. The fund is actively managed, employing sector and security selection across high-quality credit to balance yield and interest rate risk, and typically maintains a limited duration profile to moderate sensitivity to rate movements. It distributes income monthly. The vehicle serves investors seeking a core short-term bond allocation that can complement cash management needs and dampen overall portfolio volatility relative to intermediate bond exposures. Established in 1991, it draws on Western Asset’s credit research and risk management to diversify across hundreds of holdings while aiming to provide steady income and capital stability through varying market cycles.