WESTERN ASSET CORE PLUS BOND I

About

Western Asset Core Plus Bond I (WACPX) is an actively managed core-plus fixed-income mutual fund run by Western Asset Management, a specialist in global bond investing. The fund invests primarily in investment-grade debt while maintaining flexibility to allocate to below-investment-grade corporates, emerging-market debt, mortgage- and asset-backed securities, and derivatives to manage duration and credit exposure. As a core-plus product, it is positioned to pursue additional yield and diversification relative to a traditional core bond portfolio; the I share class is an institutional/fee-sensitive share class.