About WATIX
Western Asset Intermediate Bond Fund Class I is an actively managed mutual fund focused on the intermediate core bond segment. Its primary objective is to maximize total return while maintaining prudent risk management and liquidity, targeting an average or effective duration of roughly two to five years to balance interest-rate sensitivity and income generation. The portfolio invests at least 80% of assets in debt and fixed income securities, spanning U.S. Treasuries, agency and corporate bonds, and securitized instruments, with notable allocations to U.S. government issues. As an institutional share class, it features a stated expense ratio near the middle of its peer group and a high/limited profile on credit quality and interest-rate sensitivity metrics. The fund distributes income monthly, reflecting its focus on steady cash flows from fixed income holdings. Managed by Western Asset, a specialist fixed income platform within Franklin Templeton, the strategy plays a role as a core bond holding, offering diversification, liquidity, and intermediate duration exposure within multi-asset or fixed income portfolios.
Fund Family Franklin Templeton Investments
Category Intermediate Core Bond
Performance Rating Above Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol WATIX
Share Class Class I
Index Bloomberg Intermediate US Govt/Credit TR
WATIX had a total return of 7.09% in the past year, including dividends. Since the fund's
inception, the average annual return has been 26.35%.
