Western Asset Mortgage Total Return Fund (LWMSX)
| Fund Assets | 359.68M |
| Expense Ratio | 1.63% |
| Min. Investment | $1,000 |
| Turnover | 233.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 4.14% |
| Dividend Growth | 6.88% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 8.39 |
| YTD Return | 3.40% |
| 1-Year Return | 2.31% |
| 5-Year Return | -6.84% |
| 52-Week Low | 8.05 |
| 52-Week High | 8.48 |
| Beta (5Y) | n/a |
| Holdings | 501 |
| Inception Date | Aug 1, 2012 |
About LWMSX
Western Asset Mortgage Total Return Fund Class C is a mutual fund designed to provide investors with a high current return through a diversified portfolio, concentrating primarily on mortgage-backed securities. The fund allocates a significant portion—no less than 80%—of its total assets to investment-grade securities, including agency and non-agency mortgage-backed securities as well as commercial mortgage-backed securities. It utilizes a combination of top-down macroeconomic analysis and bottom-up fundamental research to manage its holdings, benefiting from the extensive global investment resources of Western Asset Management Company. This fund is classified under the intermediate-term core-plus bond category, allowing it flexibility to diversify into non-core sectors, such as high-yield, bank loans, and emerging market debts, though its focus remains on securitized debt. The fund’s structure seeks to offer investors diversification away from traditional corporate credit markets, making it a notable option for those seeking exposure to the U.S. mortgage and securitized debt markets. Credit quality allocations are predominantly in the highest-rated securities, with a notable proportion in AAA-rated issues, which emphasizes risk management and preservation of capital.
Performance
LWMSX had a total return of 2.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.96%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FMGAX | Fidelity | Fidelity Advisor Mortgage Securities A | 0.80% |
| FMSCX | Fidelity | Fidelity Advisor Mortgage Securities I | 0.57% |
| FIKUX | Fidelity | Fidelity Advisor Mortgage Securities Z | 0.36% |
| FMSAX | Fidelity | Fidelity Advisor Mortgage Securities M | 0.80% |
| FMSFX | Fidelity | Fidelity Mortgage Securities | 0.44% |
Top 10 Holdings
30.49% of assets| Name | Symbol | Weight |
|---|---|---|
| Federal National Mortgage Association 2% | FN.FS8579 | 4.66% |
| Federal National Mortgage Association 3% | FNCL.3 9.11 | 4.43% |
| Federal National Mortgage Association 6% | FNCL.6 9.11 | 3.81% |
| Federal National Mortgage Association 4.5% | FNCL.4.5 9.11 | 3.34% |
| Federal National Mortgage Association 2.5% | FNCL.2.5 9.11 | 3.28% |
| Federal National Mortgage Association 5.5% | FNCL.5.5 9.11 | 3.16% |
| Federal National Mortgage Association 5% | FNCL.5 9.11 | 2.03% |
| Federal National Mortgage Association 2% | FNCL.2 9.13 | 1.99% |
| Government National Mortgage Association 5.5% | G2SF.5.5 9.11 | 1.90% |
| Federal Home Loan Mortgage Corp. 3% | FG.G67701 | 1.89% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.02954 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03012 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02934 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02647 | Jun 30, 2025 |
| May 30, 2025 | $0.02857 | May 30, 2025 |
| Apr 30, 2025 | $0.02887 | Apr 30, 2025 |