Western Asset Inflation-Linked Income Fund
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$8.04
- Net Assets:$215 Million
- NAV:$9.34
- Premium-13.92%
- Peer Rank:47 of 62
- Investment Rating:D
- Performance:D
- RiskC+
We rate Western Asset Inflation-Linked Inc at D. Negative factors that influence this rating include a high expense structure. The fund invests approximately 93% of its assets in bonds and may be considered for investors seeking a Government Bond strategy.
Total return ranks well below peers over the last three years. The Western Asset Inflation-Linked Inc has returned an annual rate of 2.61% since inception. More recently, the fund has generated a total return of 3.27% in the last five years, -2.77% in the last three years, and 6.11% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 37% of them. It has also outpaced 22% of its competitors on a three year basis and 34% of them over the last year for the period ending 2/29/2024. On a year to date basis, WIA has returned 0.48%.
Downside risk has been above average. WIA has a draw down risk of -45.37%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 13.6%. This fund has had moderate volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. On total assets of $215.00 million, WIA maintains a high expense ratio compared to its Government Bond peers of 4.26% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As WIA is a closed end fund, it has no front end or back end load.