Western Asset Global High Yield Bond Fund
Data updated: 2022-11-28
C000046505 — Western Asset Global High Yield Bond Fund. Corporate Bond · $123.24M AUM · 0.90% expense ratio. Holdings, fees, performance and SEC filings.
C000046505 Fund Overview
Western Asset Global High Yield Bond Fund is a US mutual fund managed by Legg Mason Partners Income Trust, categorised as Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Legg Mason Partners Income Trust
- Category: Corporate Bond
- Assets under management: $123.24M
- 1-year return: -20.3%
- SEC CIK: 0000764624
- SEC series ID: S000016648
- Share class ID: C000046505
C000046505 Investment Objective and Strategy
Western Asset Global High Yield Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Legg Mason Partners Income Trust.
Investment objective
The fund seeks to maximize total return.
Principal investment strategy
The fund invests primarily in high yield fixed income securities issued by U.S. and foreign companies and foreign governments and their agencies and instrumentalities. Under normal market conditions, the fund invests at least 80% of its assets in high yield bonds. High yield bonds are rated below investment grade (that is, securities rated below the Baa/BBB categories, or, if unrated, determined to be of comparable credit quality by the subadviser) and are commonly referred to as high yield or junk bonds. Under normal circumstances, the fund will be invested in at least three countries (one of which may be the United States). The fund may invest without limit in foreign securities denominated either in U.S. dollars or foreign currencies and may invest up to 35% of its assets in sovereign debt issued by emerging market governmental issuers.
The funds investments may be of any maturity or duration. Instead of, and/or in addition to, investing directly in particular securities, the fund may use instruments such as derivatives, including options, swaps, interest rate swaps, credit default swaps (including buying and selling credit default swaps and options on credit default swaps), foreign currency futures, forwards and options, futures contracts and other synthetic instruments that are intended to provide economic exposure to the securities or the issuer or to be used as a hedging technique. The fund may use one or more types of these instruments without limit. For additional information regarding derivatives, see More on the funds investment strategies, investments and risksDerivatives in the Prospectus. These instruments are taken into account when determining compliance with the funds 80% policy.
The fund may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio (such as shortening or lengthening duration) and for other purposes.
C000046505 Performance
Total returns for C000046505 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -20.3% |
| 3 years (annualised) | -3.2% |
C000046505 Risk Information
Risk metrics for C000046505, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.0%
C000046505 Costs and Fees
C000046505 costs about $90 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.90%
- Gross expense ratio: 0.91%
- Portfolio turnover: 81%
- Brokerage commissions: 0.21 bps of average net assets (SEC N-CEN)
C000046505 Cashflows
Over the 12 months to 2022-09, Western Asset Global High Yield Bond Fund had net inflows of $102.88M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-09 | $11.09M |
| 2022-08 | $15.25M |
| 2022-07 | $18.95M |
| 2022-06 | $4.90M |
| 2022-05 | $5.93M |
| 2022-04 | $13.59M |
C000046505 Debt Constituents
No individual debt constituents are reported in Western Asset Global High Yield Bond Fund's latest SEC N-PORT filing.
C000046505 Prospectus and SEC Filings
Official Western Asset Global High Yield Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-25
- Prospectus (485BPOS) — filed 2021-04-23
- Prospectus (485BPOS) — filed 2020-05-14
- Portfolio holdings (N-PORT) — filed 2022-11-28
- Portfolio holdings (N-PORT) — filed 2022-08-19
- Portfolio holdings (N-PORT) — filed 2022-05-27
- Annual census (N-CEN) — filed 2022-03-09
- Annual census (N-CEN) — filed 2021-03-12
Related Funds
Other Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.