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Beacon

WABFWestern Asset Bond ETF

Grow my money2y track recordRanked #2,041 of 2,960 in this goal

To maximize total return consistent with prudent investment management and liquidity needs.

By Franklin Templeton Investments · Launched 2023

Annual Cost

0.35%

#1,706 of 5,562 · low cost

Fund Size

$16M

#4,484 of 5,562 · small

Return (1Y)Goal

+5.4%

Track Record

2 years

#3,170 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,506+5.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 32.8% of fund✓ well diversified

US TREASURY N/B
15.6%
Fannie Mae
3.1%
Fannie Mae or Freddie Mac
2.4%
Fannie Mae or Freddie Mac
2.1%
Freddie Mac
1.9%
Government National Mortgage A
1.8%
Antares CLO
1.5%
US TREASURY N/B
1.5%
Freddie Mac
1.5%
Fannie Mae
1.4%

Asset allocation

Bonds
109.7%
Preferred
0.1%
Convertible
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
3.7%Low

Year-on-year price swings

Max drawdown
-5.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Bond profile

Duration

4.6 years

Avg maturity

9.6 years

Credit ratings

US Government
18.9%
AAA
18.9%
AA
53.9%
A
13.6%
BBB
15.4%
BB
5.2%
B
1.9%
Below B
0.1%

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
To maximize total return consistent with prudent investment management and liquidity needs.
Strategy
Invests primarily in debt instruments and fixed income securities of various maturities, including corporate debt, government securities, and ABS. Under normal conditions, at least 80% of net assets will be in these securities, including derivatives for exposure and risk management.
Inception date
September 19, 2023
Fund family
Franklin Templeton Investments

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
91.0%
TE
1.8%
Beta
1.07
Fee
5× 0.07%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=active_selection + low_tracking_error+near_market_beta+fee_premium

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19