Western Asset Core Bond Fund Class R is an actively managed mutual fund specializing in intermediate-term taxable bonds. The fund’s primary objective is to maximize total return while maintaining prudent investment management and meeting liquidity needs. It invests across a wide array of investment-grade fixed income securities, including U.S. Treasury bonds, government agency securities, mortgage-backed securities, and high-quality corporate bonds. This fund is designed for investors seeking diversified exposure to the core segments of the U.S. bond market. Its portfolio is characterized by high credit quality, with notable allocations to government and securitized assets, and an effective duration of around 6.4 years, indicating moderate interest rate sensitivity. Western Asset Core Bond Fund Class R plays a significant role as a foundational holding in diversified portfolios by seeking to provide income, preserve capital, and reduce overall portfolio risk relative to equities. Despite recent changes in fund leadership, its management team remains focused on risk control and adherence to established investment processes, helping support its market relevance within the intermediate core bond category.