About WAHYX
Western Asset High Yield Fund Class I is a mutual fund designed to maximize total return through prudent investment management, primarily by allocating at least 80% of its net assets to U.S. dollar-denominated high yield debt and fixed income securities. These high yield, or junk bonds, offer higher income potential compared to investment-grade securities, focusing on below-investment-grade corporate bonds from issuers across various sectors including consumer cyclical, communications, energy, and finance. Managed by Western Asset Management Company, the fund employs a research-driven, value-oriented strategy that leverages extensive credit research to identify attractively priced securities, balancing income generation with capital appreciation objectives. With total assets around $233.8 million and an expense ratio of 0.75%, it caters to institutional and high-net-worth investors seeking exposure to the high yield bond market. The fund's portfolio emphasizes diversified holdings in BB, B, and CCC-rated bonds, contributing to its role in providing income-oriented fixed income solutions within broader portfolios.
Fund Family Franklin Templeton Investments
Category High Yield Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol WAHYX
Share Class Class I
Index Bloomberg US High Yield 2% Issuer Cap TR
WAHYX had a total return of 5.42% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.06%.
