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Western Asset Core Bond FI WAPIX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Franklin Templeton Investment Hub

Morningstar’s Analysis WAPIX

Will WAPIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable WAPIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the WAPIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of WAPIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A volatile approach that could be worth a look.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

Western Asset Core Bond’s management remains capable despite an abrupt May 2024 comanager departure. However, it can take on high volatility, so investors may be better served using this as a piece rather than a cornerstone of their fixed-income portfolio.

by Mike Mulach
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