Western Asset Short-Term Bond Fund (LWSTX)
| Fund Assets | 256.18M |
| Expense Ratio | 0.41% |
| Min. Investment | $1,000,000 |
| Turnover | 86.00% |
| Dividend (ttm) | 0.16 |
| Dividend Yield | 4.38% |
| Dividend Growth | 8.59% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 3.720 |
| YTD Return | 1.81% |
| 1-Year Return | 2.45% |
| 5-Year Return | 5.50% |
| 52-Week Low | 3.660 |
| 52-Week High | 3.730 |
| Beta (5Y) | n/a |
| Holdings | 471 |
| Inception Date | Oct 5, 2012 |
About LWSTX
Western Asset Short-Term Bond Fund Class IS is an actively managed mutual fund focused on high-quality, short-duration fixed income. Its primary objective is to provide current income while preserving capital and maintaining liquidity through a portfolio that invests at least 80% in investment‑grade bonds and related instruments, with an average effective maturity kept at three years or less. The strategy spans a diversified mix of sectors, including corporate credit, asset‑backed and mortgage‑backed securities, and U.S. government and agency debt, reflecting a broad approach to investment‑grade exposures within the short end of the curve. Managed by Western Asset under the Franklin Templeton umbrella, the fund is positioned in the Short‑Term Bond category and benchmarks against short 1–3 year U.S. government/credit indices to manage interest‑rate sensitivity. Key characteristics typically include moderate effective duration, monthly distributions, and a focus on liquidity, making it a tool for cash management, diversification of fixed‑income allocations, and dampening overall portfolio volatility relative to longer‑duration strategies. The share class emphasizes cost efficiency alongside disciplined risk management and sector rotation within investment‑grade markets.
Performance
LWSTX had a total return of 2.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.71%.
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 | $0.01462 | Aug 29, 2025 |
| Jul 31, 2025 | $0.01415 | Jul 31, 2025 |
| Jun 30, 2025 | $0.01322 | Jun 30, 2025 |
| May 30, 2025 | $0.01452 | May 30, 2025 |
| Apr 30, 2025 | $0.01335 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01348 | Mar 31, 2025 |