WATAX Performance — Western Asset Intermediate Bond Fund, Class A
Data updated: 2026-09-24
WATAX returned +0.23% year to date and +4.03% over one year to May 2026. Annualised returns are +4.23% over 3 years and +0.38% over 5 years. The fund trailed its Intermediate Core Bond category average: $100 invested three years ago grew to $113, against $115 for the category, and to $104 over one year, against $105. Volatility over the past three years was 3.94% a year. In the 12 months to May 2026 the fund lost a net $35.4M, and assets reached $158.80M.
WATAX Growth of $100
What $100 invested in Western Asset Intermediate Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Core Bond category average over the same months.
| Period | WATAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $104 | $105 |
| 3 years (Jun 2023 – May 2026) | $113 | $115 |
| 5 years (Jun 2021 – May 2026) | $102 | $103 |
| Since data start (Sep 2019 – May 2026) | $108 | $109 |
WATAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.23% |
| 1 year | +4.03% |
| 3 years (annualised) | +4.23% |
| 5 years (annualised) | +0.38% |
WATAX Annual Returns
Calendar-year total returns of Western Asset Intermediate Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.23% |
| 2025 | +7.11% |
| 2024 | +2.56% |
| 2023 | +5.56% |
| 2022 | −11.61% |
| 2021 | −2.13% |
| 2020 | +7.07% |
| 2019 (Sep–Dec) | +0.43% |
WATAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.1% | +1.1% | −1.5% | +0.3% | +0.1% | — | — | — | — | — | — | — |
| 2025 | +0.7% | +1.4% | +0.3% | +0.8% | −0.1% | +1.1% | −0.1% | +1.2% | +0.4% | +0.4% | +0.7% | 0.0% |
| 2024 | +0.3% | −1.1% | +0.6% | −1.6% | +1.2% | +0.7% | +2.1% | +1.1% | +1.1% | −1.9% | +0.8% | −0.7% |
| 2023 | +2.8% | −1.8% | +1.9% | +0.6% | −0.8% | −0.6% | +0.4% | −0.2% | −1.5% | −1.0% | +3.4% | +2.5% |
| 2022 | −1.9% | −1.5% | −3.0% | −2.6% | +0.8% | −2.0% | +1.7% | −1.9% | −3.4% | −0.6% | +2.8% | −0.5% |
| 2021 | −0.4% | −1.1% | −0.8% | +0.7% | +0.3% | +0.1% | +0.8% | −0.1% | −0.7% | −0.9% | −0.1% | 0.0% |
| 2020 | +1.3% | +0.7% | −3.0% | +2.5% | +1.6% | +1.0% | +1.5% | +0.1% | −0.3% | −0.2% | +1.3% | +0.5% |
| 2019 | — | — | — | — | — | — | — | — | −0.3% | +0.4% | −0.1% | +0.4% |
WATAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 3.94%
- 3-year Sharpe ratio: -0.07 (vs 4.5% risk-free rate)
- Best month: +3.35% (Nov 2023)
- Worst month: −1.94% (Oct 2024)
WATAX Fund Flows
Monthly money in and out of Western Asset Intermediate Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$35.4M
- 12-month gross sales (incl. reinvestments): $55.6M
- Sales ÷ redemptions: 0.61×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $2.1M | $6.0M | −$3.9M |
| Apr 2026 | $3.4M | $6.3M | −$3.0M |
| Mar 2026 | $5.1M | $2.9M | $2.2M |
| Feb 2026 | $2.7M | $3.9M | −$1.2M |
| Jan 2026 | $4.6M | $11.0M | −$6.4M |
| Dec 2025 | $3.1M | $4.9M | −$1.8M |
| Nov 2025 | $3.8M | $4.2M | −$343K |
| Oct 2025 | $5.5M | $35.2M | −$29.7M |
| Sep 2025 | $7.0M | $3.0M | $4.0M |
| Aug 2025 | $5.9M | $4.5M | $1.4M |
| Jul 2025 | $8.3M | $4.9M | $3.4M |
| Jun 2025 | $4.1M | $4.3M | −$282K |
WATAX Assets Under Management
Net assets of Western Asset Intermediate Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $158.80M |
| 2026-02-27 | $166.76M |
| 2025-11-28 | $175.68M |
| 2025-08-29 | $200.53M |
| 2025-05-30 | $193.33M |
| 2025-02-28 | $186.25M |
| 2024-11-29 | $224.28M |
| 2024-08-30 | $605.45M |
| 2024-05-31 | $686.40M |
| 2024-02-29 | $710.04M |
| 2023-11-30 | $698.63M |
| 2023-08-31 | $713.53M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.