About WAYCX
Western Asset High Yield Fund Class C is an actively managed mutual fund focused on delivering total return through exposure to below‑investment‑grade corporate debt. The strategy primarily invests in U.S. dollar–denominated high yield bonds, seeking income and capital appreciation while adhering to prudent risk management. The portfolio concentrates on lower‑quality issuers, which typically offer higher coupon income but entail greater credit and economic sensitivity compared with investment‑grade securities. The fund’s role in the market is to provide diversified access to the high yield universe, spanning sectors such as energy, industrials, consumer cyclicals, and telecom, with flexibility across maturities and capital structures. As part of a multi‑manager fixed income platform, it emphasizes issuer selection, industry allocation, and active risk controls to navigate default risk, interest‑rate moves, and liquidity conditions. It serves investors looking to complement core bond holdings with higher income potential and differentiated credit exposure within a professionally managed, open‑end structure.
Fund Family Franklin Templeton Investments
Category High Yield Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol WAYCX
Share Class Class C
Index Bloomberg US High Yield 2% Issuer Cap TR
WAYCX had a total return of 4.49% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.25%.
