Western Asset Total Return ETF
WBND
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York City MD United States of America
- IPO Date
- Oct 4, 2018
- CIK
- 0001645194
- Similar Companies
- Business
- Western Asset Total Return ETF (WBND) is an actively managed exchange-traded fund that seeks total return through a diversified portfolio of fixed income securities from any geography and credit rating. The ETF primarily invests in broad credit instruments, including corporate bonds (34.1%); mortgage-backed securities (27.63%); asset-backed securities (23.12%); sovereign debt (17.71%); and minor allocations to common shares/ordinary shares (0.09%) and other assets (0.06%). It features approximately 302 holdings, with the top 10 comprising 20.30% of assets, and operates with a net expense ratio of 0.45%. Launched on October 3, 2018, and listed on NASDAQ, WBND is managed by Franklin Templeton (formerly under Legg Mason Partners Fund Advisor, LLC) with key portfolio managers including S. Kenneth Leech, Mark S. Lindbloom, Julien A. Scholnick, Frederick R. Marki, and John L. Bellows. The fund targets global blended development markets in the broad debt category, delivering monthly distributions with a recent yield around 3.17-3.68% and assets under management of approximately $10.09 million as of late 2025. In recent major developments, Franklin Templeton proposed reorganizing WBND into the Western Asset Bond ETF (WABF) in September 2024, subject to shareholder approval at a December 13, 2024 meeting; however, the plan was discontinued in January 2025 due to lack of required votes. Subsequently, on May 22, 2025, Franklin Templeton announced the liquidation and dissolution of WBND, approved by the board on May 21, 2025, with trading halted prior to market open on August 23, 2025, and shareholder proceeds distributed on or about August 29, 2025.