About WATRX
Western Asset Intermediate Bond Fund Class R is a mutual fund focused on providing investors with exposure to a diversified portfolio of intermediate-term, investment-grade fixed income securities. Its primary objective is to maximize total return by investing largely in debt instruments, such as U.S. government bonds, investment-grade corporate bonds, agency mortgage-backed securities, and asset-backed securities. The fund is managed using a strategy that combines top-down macroeconomic perspectives with detailed bottom-up credit assessment, seeking value opportunities across fixed income markets.
This fund typically targets an effective duration close to that of its benchmark, positioning it to manage interest rate risk while aiming for favorable risk-adjusted returns. Notable features include a broad investment scope spanning government, credit, securitized, and select emerging market debt, making it suitable as a core bond holding within a diversified portfolio. By leveraging the expertise and global resources of Western Asset, the fund plays a significant role for investors seeking both income generation and moderate interest rate sensitivity within the fixed income universe.
Fund Family Franklin Templeton Investments
Category Intermediate Core Bond
Performance Rating Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol WATRX
Share Class Class R
Index Bloomberg Intermediate US Govt/Credit TR
WATRX had a total return of 6.26% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.72%.
