WACPX

About WACPX

Western Asset Core Plus Bond Fund Class I is a mutual fund focused on generating total return through an actively managed, diversified portfolio of fixed income securities. The fund primarily invests at least 80% of its assets in debt and fixed income instruments across various maturities, adhering to a strategy that encompasses both investment-grade and limited non-investment-grade securities. Its approach enables exposure to U.S. and international bonds, as well as derivatives, providing latitude to navigate different interest rate environments and credit markets. The fund maintains a dollar-weighted average effective duration within 30% of the domestic bond market average, offering moderate interest rate sensitivity and credit quality. Managed for institutional investors, it features a below-average distribution fee and a sizable minimum investment, reflecting its target clientele. With over a thousand holdings and a substantial asset base, it serves as a core-plus vehicle for investors seeking regular income, risk diversification, and the potential for incremental yield over traditional core bond funds. This fund plays a significant role for institutions seeking to diversify fixed income allocations while targeting a balance between risk and return in the intermediate-term segment of the bond market.