About WAYRX
Western Asset High Yield Fund Class R is a mutual fund that seeks to maximize total return primarily through a diversified portfolio of U.S. dollar-denominated high yield debt and fixed income securities. Managed by Western Asset Management, a leading global fixed income firm founded in 1971, it employs a fundamental value-oriented investment philosophy combining top-down macroeconomic views with bottom-up research. The fund targets income generation from high yield bonds, which offer attractive risk/return profiles and historically low correlations to other asset classes, fitting the high yield bond category as classified by Morningstar and Lipper. Key features include monthly dividend distributions, an effective duration of approximately 3 years, and a weighted average life of about 4.76 years, with holdings spanning 404 securities across sectors like consumer cyclical (20.14%), finance (13.62%), communications (12.67%), and energy (11.77%). Benchmarking against the Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index, it maintains total net assets of $230.59 million. Launched on September 28, 2001, with the Class R shares inception on April 30, 2012, this fund plays a significant role in providing investors access to the non-investment grade corporate bond market, emphasizing credit analysis and risk management.
Fund Family Franklin Templeton Investments
Category High Yield Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol WAYRX
Share Class Class R
Index Bloomberg US High Yield 2% Issuer Cap TR
WAYRX had a total return of 8.78% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.83%.
