Western Asset Total Return Unconstrained Fund Class A (WAUAX)

Fund Assets	37.53M
Expense Ratio	1.09%
Min. Investment	$1,000
Turnover	177.00%
Dividend (ttm)	0.45
Dividend Yield	5.09%
Dividend Growth	30.05%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.77
YTD Return	-0.88%
1-Year Return	-0.16%
5-Year Return	-1.13%
52-Week Low	8.75
52-Week High	9.32
Beta (5Y)	0.24
Holdings	382
Inception Date	Apr 30, 2012

About WAUAX

Western Asset Total Return Unconstrained Fund Class A is an actively managed open-end mutual fund focused on fixed income. Its primary objective is to maximize total return through a flexible, benchmark-agnostic approach that allocates across global bond sectors and utilizes derivatives for both hedging and opportunistic positioning. The strategy emphasizes diversified exposure to interest-rate and credit risk, with material allocations to agency mortgage‑backed securities and U.S. Treasuries, complemented by segments such as CMBS, CLOs, asset-backed securities, and select emerging markets debt. Portfolio construction targets controlled duration and spread risk, allowing managers to adjust interest-rate sensitivity and sector mix as market conditions evolve. The fund typically maintains a substantial share of investment‑grade holdings while retaining latitude to include high-yield and non‑U.S. exposures to enhance total return. Managed by Western Asset, a specialist fixed-income affiliate within Franklin Templeton, the fund serves investors seeking a diversified, unconstrained bond strategy designed to navigate varying rate and credit cycles without reliance on a traditional benchmark.

• Fund Family: Franklin Templeton, Inc
• Category: Abs Return Bond
• Performance Rating: Below Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: WAUAX
• Share Class: Class A
• Index: ICE BofA U.S. T-Bills 0-3 Months TR

Performance

WAUAX had a total return of -0.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.85%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
WAASX	Class Is	0.66%
WAARX	Class I	0.76%
WARIX	Class Fi	1.11%
WAURX	Class R	1.36%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.13548	Sep 30, 2026
Jun 30, 2026	$0.08133	Jun 30, 2026
Mar 31, 2026	$0.06366	Mar 31, 2026
Dec 19, 2025	$0.16704	Dec 19, 2025
Sep 30, 2025	$0.12876	Sep 30, 2025
Jun 30, 2025	$0.05989	Jun 30, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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