Western Asset Bond Fund Share of Beneficial Interest (WEA)

FairStock Score: 66/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Western Asset Bond Fund as a closed-end fund, not an operating business. It invests primarily in U.S. investment-grade bonds—corporates, government and agency securities, and mortgage-related debt—and is managed by Western Asset. The competitive position is not a classic moat; scale and manager expertise matter, but bond returns are mostly driven by credit and interest-rate cycles. At the 2026-10-13 close of $9.72, FairStock calculates a P/E of 11.71, P/B of 0.85, dividend yield of 8.34%, and beta of 0.49. The price sits near the low of its 52-week range of $9.65-$11.42. FairStock's Graham Number is $14.52, implying a 33.06% margin of safety, and the market cap is only $127 million. Those are value-oriented signals. But the quality signals are poor: Piotroski F-Score is 2/9, Altman Z-Score is 0.99, ROE is 7.34%, ROCE is 3.89%, and D/E is 0.47. The fund has no Lynch category because it has only 0 years of filed results, while the rules need 3. Revenue and profit growth are not available. A wide discount and high yield can be attractive, but leverage, credit risk, and distribution sustainability need evidence over a full cycle. I would want more filed history before treating the discount as a durable margin of safety.

In plain English: Western Asset Bond Fund is a closed-end fund that invests mainly in U.S. investment-grade bonds, including corporate, government, agency, and mortgage-related debt. Based on the figures provided, it looks mixed: the shares trade below accounting value and below a conservative estimate, pay a high income yield, and sit near the low end of their 52-week range, but the fund's financial-quality signals are weak and it has almost no filed history. The price looks cheap relative to those value estimates, though the weak quality signs mean it is not a clean bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer