SGSYX

About SGSYX

Western Asset Mortgage Total Return Fund Class I is an open-end mutual fund focused on generating a high current return for its investors by investing predominantly in mortgage-backed securities. The fund typically allocates at least 80% of its assets to these instruments, which can include both agency and non-agency mortgage-backed securities, as well as other types of structured debt such as government stripped securities. Its portfolio is managed with the aim of capital preservation and long-term capital appreciation, balancing income generation with risk management across diverse mortgage assets. By targeting the mortgage sector, the fund provides investors with exposure to interest rate and credit risk tied to the U.S. real estate market, playing a distinct role within diversified fixed income allocations. The fund is managed by Western Asset, a well-established fixed income manager, and is sought out by investors seeking steady income and diversification within the broader bond market, particularly those wishing to concentrate on mortgage-related securities without exposure to equity markets.