WEA - Our Core Income Portfolio: Bucking The Trend

November, 02 2020 07:00 AM Western Asset Bond Fund Share of Beneficial Interest

Markets returned to volatility as the tech boom became a tech wreck. The Nasdaq entered a full bear market falling over 20% from the peak.
Our Core Income Portfolio is now over four years old and did well in September bucking the downward trend in the markets.
Income (after tax) continues to increase thanks to some rising distributions and avoiding the large cutters.
Avoiding landmines and not sticking your neck out into clear yield traps like CLOs, MLPs, and most of the equity CEF market has served us well.
There is a lot of opportunity out there at the moment within both favorable asset classes and unfavorable.

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Company Name:	Western Asset Bond Fund Share of Beneficial Interest
Stock Symbol:	WEA
Market:	NYSE