Western Asset Corporate Bond Fund Class P (LCBPX)
| Fund Assets | 545.52M |
| Expense Ratio | 1.10% |
| Min. Investment | $1,000 |
| Turnover | 102.00% |
| Dividend (ttm) | 0.50 |
| Dividend Yield | 4.60% |
| Dividend Growth | -0.17% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.85 |
| YTD Return | 1.31% |
| 1-Year Return | 9.22% |
| 5-Year Return | -1.04% |
| 52-Week Low | 9.86 |
| 52-Week High | 10.87 |
| Beta (5Y) | n/a |
| Holdings | 663 |
| Inception Date | Jul 7, 2009 |
About LCBPX
Western Asset Corporate Bond Fund Class P is a mutual fund focused on delivering income and moderate capital appreciation by investing primarily in a diversified portfolio of corporate bonds. Its central objective is to provide shareholders exposure to the U.S. corporate debt market, concentrating on investment-grade bonds but allocating some assets to below-investment-grade and non-U.S. issuers to enhance diversification. This fund holds more than 65% of its assets in corporate debt instruments, which generally offer higher yields and increased credit risk compared to government bonds. By selecting securities across sectors such as industrials, financials, utilities, and other key industries, the fund seeks to take advantage of shifting credit and interest rate environments. Western Asset Corporate Bond Fund Class P plays a significant role for investors seeking income-oriented products within their overall fixed income allocation, and it is structured to manage duration and credit exposure in alignment with the corporate bond sector’s typical characteristics and risk profile.
Performance
LCBPX had a total return of 9.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.34%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIKOX | Fidelity | Fidelity Advisor Corporate Bond Fund - Class Z | 0.36% |
| FCCCX | Fidelity | Fidelity Advisor Corporate Bond Fund - Class C | 1.54% |
| FCBAX | Fidelity | Fidelity Advisor Corporate Bond Fund - Class A | 0.77% |
| FCBTX | Fidelity | Fidelity Advisor Corporate Bond Fund - Class M | 0.82% |
| FCBIX | Fidelity | Fidelity Advisor Corporate Bond Fund - Class I | 0.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0408 | Jan 30, 2026 |
| Dec 31, 2025 | $0.04282 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03712 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04391 | Oct 31, 2025 |
| Sep 30, 2025 | $0.04049 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04434 | Aug 29, 2025 |