Western Asset Short-Term Bond Fund (LWARX)
| Fund Assets | 256.18M |
| Expense Ratio | 1.11% |
| Min. Investment | $1,000,000 |
| Turnover | 86.00% |
| Dividend (ttm) | 0.14 |
| Dividend Yield | 3.69% |
| Dividend Growth | 9.64% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 3.710 |
| YTD Return | 1.70% |
| 1-Year Return | 1.84% |
| 5-Year Return | 2.86% |
| 52-Week Low | 3.650 |
| 52-Week High | 3.720 |
| Beta (5Y) | n/a |
| Holdings | 471 |
| Inception Date | Jan 31, 2014 |
About LWARX
Western Asset Short-Term Bond Fund Class R is an open-end mutual fund focused on generating current income while emphasizing preservation of capital and liquidity. The strategy primarily invests in investment-grade fixed income, including corporate bonds, U.S. government and agency securities, and mortgage- and asset-backed securities, with flexibility to allocate a portion to U.S. dollar–denominated issues from non-U.S. issuers. The portfolio targets the short end of the curve, maintaining a short effective duration—around two years—and an average maturity of roughly four years to reduce interest-rate sensitivity relative to intermediate and long-duration peers. The fund employs active management and can use derivatives to adjust interest-rate, credit, and sector exposures, seeking efficient implementation of its risk positioning. With hundreds of holdings, it maintains broad diversification across issuers and sectors, and distributes income monthly. Positioned within the short-term bond category, it serves as a conservative fixed-income allocation for investors aiming to balance income needs with lower volatility than longer-duration bond funds.
Performance
LWARX had a total return of 1.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.27%.
Top 10 Holdings
18.20% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Notes 0.625% | T.0.625 07.31.26 | 3.95% |
| Legg Mason Partners Inst Trust - Western Asset Premier Institutional Government Reserves Fund | WACXX | 3.09% |
| BPCE SA 0% | n/a | 2.10% |
| Mizuho Bank, Ltd. New York Branch 0% | n/a | 2.10% |
| United States Treasury Notes 4.125% | T.4.125 10.31.29 | 2.04% |
| Enterprise Products Operating LLC 3.7% | EPD.3.7 02.15.26 | 1.12% |
| United States Treasury Notes 4% | T.4 02.28.30 | 1.05% |
| Mars Inc. 4.6% | MARS.4.6 03.01.28 144A | 0.94% |
| Federal National Mortgage Association 5.75001% | FNR.2025-18 FH | 0.92% |
| Government National Mortgage Association 5.05185% | GNR.2022-H08 FA | 0.89% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.01224 | Aug 29, 2025 |
| Jul 31, 2025 | $0.01183 | Jul 31, 2025 |
| Jun 30, 2025 | $0.01105 | Jun 30, 2025 |
| May 30, 2025 | $0.01218 | May 30, 2025 |
| Apr 30, 2025 | $0.01116 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01137 | Mar 31, 2025 |