Western Asset Mortgage Backed Securities Fund

Scorecard
3 / 5 Stars
Lipper
---
Zacks Investment Research
---
Standard & Poor's
1 / 5 Stars
TheStreet.com
B+ (Buy)

U.S. News evaluated 273 Intermediate-Term Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all Legg Mason funds

See full Intermediate-Term Bond rankings

See more fund rankings

Performance

The fund has returned 2.36 percent over the past year, 4.23 percent over the past three years, 6.13 percent over the past five years, and 4.48 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 4.1%
1 Year 2.4%
3 Years (Annualized) 4.2%
5 Years (Annualized) 6.1%
10 Years (Annualized) 4.5%

See more LWMSX performance

Summary

The investment seeks high current return. The fund normally invests at least 80% of its assets in mortgage-backed securities. Mortgage-backed securities may be issued by government-sponsored entities such as the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) and by agencies of the U.S. government, such as the Government National Mortgage Association (Ginnie Mae). It may invest in government stripped mortgage-backed securities and other stripped securities. The fund may invest in securities of any maturity or duration, and the securities may have fixed, floating or variable rates.

Fees

Fees are High compared to funds in the same category.
Western Asset Mortgage Backed Securities Fund has an expense ratio of 1.70 percent.

See more LWMSX fees

Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

See more LWMSX risk