WAPRX Mutual Fund — Western Asset Core Plus Bond Fund Class R

Western Asset Core Plus Bond Fund Class R (WAPRX)

Updated October 9, 2026.

WAPRX is a Mutual Fund. its distribution rate is 4.24%, its trailing-12-month yield is 3.29%, its expense ratio is 1.13%. Dividend Vision Distribution Safety Score™ is 65/100 (Generally safe). Total return is 21.7% over the past 14.4 years, 589.0 points behind SPY at 610.7%.

At the current 4.24% distribution rate, a $10,000 investment would generate approximately $424 per year, or $35.33 per month.

Western Asset Core Plus Bond Fund Class R is a mutual fund that invests primarily in a diversified portfolio of fixed income securities across various maturities, maintaining duration close to the broader domestic bond market while allowing up to 20% in non-U.S. dollar securities. The fund carries a current distribution rate in the mid-single digits with a 1.13% expense ratio. It appeals to income-focused investors seeking broad bond market exposure with modest cost.

WAPRX performance versus SPY

Price and return data through 2026-10-09.

Total return is 21.7% over the past 14.4 years, 589.0 points behind SPY at 610.7%. Over the past year its total return — price change plus distributions reinvested — is -3.9%. Its deepest 1-year drawdown was 6.9%.

WAPRX key facts

Distribution Safety Score™

65 · Generally safe

Safety-Adjusted Yield

2.76%

Issuer

Western Asset

Asset type

Mutual Fund

Asset class

Fixed Income

Expense ratio

1.13%

Distribution rate

4.24%

Distribution frequency

Monthly

Trailing yield

3.29%

Last close

$8.69 (as of 2026-10-09)

NAV

$8.67 as of 2026-09-30; source eodhd

Premium / discount

0.23% premium (price 2026-10-09, NAV 2026-09-30) (NAV stale)

AUM

$23,832,143,872

Average volume

0.0

Dividend

$0.033

Ex-dividend date

08/31/2026

Beta

1.27

How Dividend Vision calculates yield and returns

Distribution rate (4.24%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.29%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Western Asset; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

WAPRX risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.9%.

Who may consider WAPRX — and who may not

WAPRX may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Western Asset.