About WATAX
Western Asset Intermediate Bond Fund Class A is a mutual fund specializing in intermediate-term fixed income investments. The fund’s primary objective is to maximize total return through a well-diversified portfolio of debt and fixed income securities, while maintaining prudent risk management and satisfying liquidity requirements. It typically targets an average portfolio duration between two and five years, positioning itself within the intermediate core bond category. The fund allocates at least 80% of its assets to bonds, including government, corporate, mortgage-backed, and asset-backed securities, providing broad exposure to US fixed income markets.
Western Asset Intermediate Bond Fund Class A is designed for investors seeking regular income and moderate interest rate risk, distributing dividends on a monthly basis. With over 500 holdings, the fund’s structure helps reduce the impact of individual security risks on overall performance. It has a reputation for low volatility and an above-average performance rating compared to peers in its category, though its expense ratio is relatively high versus other similar funds. This mutual fund plays a notable role in diversified portfolios, especially for those focused on income generation, capital preservation, and balancing risk within the fixed income sector.
Fund Family Franklin Templeton Investments
Category Intermediate Core Bond
Stock Exchange NASDAQ
Ticker Symbol WATAX
Share Class Class A
Index Bloomberg Intermediate US Govt/Credit TR
WATAX had a total return of 2.28% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.57%.
