Key stats
About Western Asset Total Return ETF
Home page
Inception date
Oct 3, 2018
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Franklin Templeton Fund Adviser LLC
Distributor
Franklin Distributors LLC
WBND is an actively managed fund with few constraints in fulfilling the funds mandate for maximum total return. The fund may invest in a broad spectrum of fixed income securities, including corporates, Treasurys, ABS, agency and non-agency MBS, and CDOs. In addition, the fund may use both exchange-traded and OTC derivatives for risk management or as principal holdings and could also hold other ETFs. The fund is not entirely unconstrained, positions are limited for non-agency MBS and ABS (20%), CDOs (10%), unsecured junior debt (20%), high-yield (30%), debt from non-US issuers (30%), and non-USD-denominated debt (25%). These last two limitations do not count indirect exposure through ETFs or derivatives. WBND is designed as a core holding. The fund uses a hybrid bottom-up and top-down approach to manage duration, sector, and idiosyncratic risk. Though WBND may hold securities of any maturity, portfolio duration will generally range from two to nine years depending on market conditions.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Securitized
Corporate
Government
Bonds, Cash & Other100.00%
Securitized47.27%
Corporate36.94%
Government14.48%
Cash4.29%
Futures−0.01%
Miscellaneous−2.96%
Stock breakdown by region
North America82.35%
Latin America8.88%
Europe5.85%
Asia2.91%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history