Western Asset Core Plus Bond Fund Class I
WACPX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- Baltimore MD 21202 Baltimore MD United States of America 21202
- IPO Date
- Jul 7, 1998
- CIK
- 0000863520
- Website
- franklintempleton.com
- Similar Companies
- Business
- Western Asset Core Plus Bond Fund Class I (WACPX) is an actively managed open-end mutual fund that seeks to maximize total return through a diversified portfolio of primarily high-quality fixed-income securities, including limited exposure to opportunistic sectors such as high-yield credit, emerging markets debt, bank loans, and non-agency mortgage-backed securities; agency mortgage-backed securities; investment-grade credit; U.S. Treasuries; commercial mortgage-backed securities; collateralized loan obligations; asset-backed securities; and emerging markets corporate and government bonds. The fund, benchmarked against the Bloomberg U.S. Aggregate Index, employs a fundamental value-oriented investment philosophy combining top-down macroeconomic analysis with bottom-up research, leveraging the global resources of its manager, Western Asset Management Company, a leading fixed-income specialist founded in 1971 and headquartered in Pasadena, California, with additional offices in New York, London, Tokyo, Singapore, Hong Kong, Melbourne, São Paulo, and Zurich. Distributed monthly by Franklin Templeton, which oversees the fund as part of its broader mutual fund offerings, WACPX targets institutional investors with a minimum initial investment of $1 million and features a net expense ratio of 0.45%, maintaining total net assets of approximately $4.04 billion across 1,228 holdings as of late 2025. In recent developments, the fund navigated significant outflows of about $1.8 billion in 2024 following the sudden departure of a Western Asset co-CIO, contributing to a roughly 10% asset decline in the Core Plus strategy during that period amid broader client redemptions totaling $4.9 billion across core offerings. Amid market volatility from geopolitical events and tariff announcements in 2025, the portfolio benefited from emerging markets exposure while high-yield corporate bonds and bank loans detracted from performance, with portfolio managers anticipating continued central bank rate cuts and cautious spread positioning into 2026.