Shareholder Report | 12 Months Ended |
May 31, 2024 USD ($) $ / shares |
Shareholder Report [Line Items] | | |
Document Type | N-CSR | |
Amendment Flag | false | |
Registrant Name | Western Asset Funds, Inc. | |
Entity Central Index Key | 0000863520 | |
Entity Investment Company Type | N-1A | |
Document Period End Date | May 31, 2024 | |
Class A | | |
Shareholder Report [Line Items] | | |
Fund Name | Western Asset Total Return Unconstrained Fund | |
Class Name | Class A | |
Trading Symbol | WAUAX | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents . You can also request this information by contacting us at 877-6LM-FUND/656-3863 . | |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. | |
Additional Information Phone Number | 877-6LM-FUND/656-3863 | |
Additional Information Website | https://www.franklintempleton.com/regulatory-fund-documents | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment) Class Name Costs of $10,000 investment Costs paid as a percentage of a $10,000 investment * Class A $105 1.02% | [1] |
Expenses Paid, Amount | $ 105 | |
Expense Ratio, Percent | 1.02% | |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? For the twelve months ended May 31, 2024, Class A shares of Western Asset Total Return Unconstrained Fund returned 5.03%. The Fund compares its performance to the Bloomberg U.S. Aggregate Index and the ICE BofA 3-Month U.S. Treasury Bill Index, which returned 1.31% and 5.45%, respectively, for the same period. PERFORMANCE HIGHLIGHTS Top contributors to performance: ↑ Yield-curve positioning, as the Fund was short the belly of the curve for the majority of the period (through the first quarter of 2024) and 10-year yields rose more than shorter- and longer-dated yields where the Fund had long duration exposure ↑ Allocation to emerging market (EM) debt, driven by the Fund’s local currency sovereign exposure ↑ Investment-grade (IG) credit exposure as spreads tightened Top detractors from performance: ↓ Duration exposure, as U.S. Treasury (UST) yields rose over the reporting period ↓ Developed market government exposure, driven by a short Japanese versus long U.S. rates position, as well as a strengthening U.S. dollar (USD) ↓ EM currency exposure, as the USD strengthened versus most currencies Use of derivatives and the impact on performance: The Fund used interest rate futures, options and swaps to manage duration and yield curve exposure, which provided a positive impact on performance. Credit default swaps (CDS) on IG and high-yield indices, as well as options on CDS, were used to manage credit exposures and had a negative impact on performance, while currency derivatives used to manage currency exposure had a slightly negative impact on performance. | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended May 31, 2024 1 Year 5 Year 10 Year Class A (without sales charge) 5.03 -0.46 0.97 Class A (with sales charge) 1.12 -1.33 0.53 Bloomberg U.S. Aggregate Index 1.31 -0.17 1.26 ICE BofA 3-Month U.S. Treasury Bill Index 5.45 2.12 1.47 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit https://www.franklintempleton.com/investments/options/mutual-funds . Important data provider notices and terms available at www.franklintempletondatasources.com. | |
Net Assets | $ 232,728,246 | |
Holdings Count | $ / shares | 403 | [2] |
Advisory Fees Paid, Amount | $ 1,428,485 | |
Investment Company Portfolio Turnover | 133% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of May 31, 2024) Total Net Assets $232,728,246 Total Number of Portfolio Holdings * 403 Total Management Fee Paid $1,428,485 Portfolio Turnover Rate 133% | [2] |
Holdings [Text Block] | | |
Material Fund Change [Text Block] | HOW HAS THE FUND CHANGED? Effective as of May 1, 2024, the Fund’s named portfolio management team consists of S. Kenneth Leech, Michael C. Buchanan, Mark S. Lindbloom, Frederick R. Marki and Julien A. Scholnick. This is a summary of certain changes to the Fund since June 1, 2023. For more complete information, you may review the Fund’s current prospectus and any applicable supplements at https://www.franklintempleton.com/regulatory-fund-documents or upon request at 877-6LM-FUND/656-3863 or prospectus franklintempleton.com . | |
Updated Prospectus Phone Number | 877-6LM-FUND/656-3863 | |
Updated Prospectus Email Address | prospectus@franklintempleton.com | |
Updated Prospectus Web Address | https://www.franklintempleton.com/regulatory-fund-documents | |
Class C | | |
Shareholder Report [Line Items] | | |
Fund Name | Western Asset Total Return Unconstrained Fund | |
Class Name | Class C | |
Trading Symbol | WAUCX | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents . You can also request this information by contacting us at 877-6LM-FUND/656-3863 . | |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. | |
Additional Information Phone Number | 877-6LM-FUND/656-3863 | |
Additional Information Website | https://www.franklintempleton.com/regulatory-fund-documents | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment) Class Name Costs of $10,000 investment Costs paid as a percentage of a $10,000 investment * Class C $179 1.75% | [3] |
Expenses Paid, Amount | $ 179 | |
Expense Ratio, Percent | 1.75% | |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? For the twelve months ended May 31, 2024, Class C shares of Western Asset Total Return Unconstrained Fund returned 4.30%. The Fund compares its performance to the Bloomberg U.S. Aggregate Index and the ICE BofA 3-Month U.S. Treasury Bill Index, which returned 1.31% and 5.45%, respectively, for the same period. PERFORMANCE HIGHLIGHTS Top contributors to performance: ↑ Yield-curve positioning, as the Fund was short the belly of the curve for the majority of the period (through the first quarter of 2024) and 10-year yields rose more than shorter- and longer-dated yields where the Fund had long duration exposure ↑ Allocation to emerging market (EM) debt, driven by the Fund’s local currency sovereign exposure ↑ Investment-grade (IG) credit exposure as spreads tightened Top detractors from performance: ↓ Duration exposure, as U.S. Treasury (UST) yields rose over the reporting period ↓ Developed market government exposure, driven by a short Japanese versus long U.S. rates position, as well as a strengthening U.S. dollar (USD) ↓ EM currency exposure, as the USD strengthened versus most currencies Use of derivatives and the impact on performance: The Fund used interest rate futures, options and swaps to manage duration and yield curve exposure, which provided a positive impact on performance. Credit default swaps (CDS) on IG and high-yield indices, as well as options on CDS, were used to manage credit exposures and had a negative impact on performance, while currency derivatives used to manage currency exposure had a slightly negative impact on performance. | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended May 31, 2024 1 Year 5 Year 10 Year Class C (without sales charge) 4.30 -1.13 0.29 Class C (with sales charge) 3.30 -1.13 0.29 Bloomberg U.S. Aggregate Index 1.31 -0.17 1.26 ICE BofA 3-Month U.S. Treasury Bill Index 5.45 2.12 1.47 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit https://www.franklintempleton.com/investments/options/mutual-funds . Important data provider notices and terms available at www.franklintempletondatasources.com. | |
Net Assets | $ 232,728,246 | |
Holdings Count | $ / shares | 403 | [4] |
Advisory Fees Paid, Amount | $ 1,428,485 | |
Investment Company Portfolio Turnover | 133% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of May 31, 2024) Total Net Assets $232,728,246 Total Number of Portfolio Holdings * 403 Total Management Fee Paid $1,428,485 Portfolio Turnover Rate 133% | [4] |
Holdings [Text Block] | | |
Material Fund Change [Text Block] | HOW HAS THE FUND CHANGED? Effective as of May 1, 2024, the Fund’s named portfolio management team consists of S. Kenneth Leech, Michael C. Buchanan, Mark S. Lindbloom, Frederick R. Marki and Julien A. Scholnick. This is a summary of certain changes to the Fund since June 1, 2023. For more complete information, you may review the Fund’s current prospectus and any applicable supplements at https://www.franklintempleton.com/regulatory-fund-documents or upon request at 877-6LM-FUND/656-3863 or prospectus franklintempleton.com . | |
Updated Prospectus Phone Number | 877-6LM-FUND/656-3863 | |
Updated Prospectus Email Address | prospectus@franklintempleton.com | |
Updated Prospectus Web Address | https://www.franklintempleton.com/regulatory-fund-documents | |
Class FI | | |
Shareholder Report [Line Items] | | |
Fund Name | Western Asset Total Return Unconstrained Fund | |
Class Name | Class FI | |
Trading Symbol | WARIX | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents . You can also request this information by contacting us at 877-6LM-FUND/656-3863 . | |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. | |
Additional Information Phone Number | 877-6LM-FUND/656-3863 | |
Additional Information Website | https://www.franklintempleton.com/regulatory-fund-documents | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment) Class Name Costs of $10,000 investment Costs paid as a percentage of a $10,000 investment * Class FI $104 1.01% | [5] |
Expenses Paid, Amount | $ 104 | |
Expense Ratio, Percent | 1.01% | |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? For the twelve months ended May 31, 2024, Class FI shares of Western Asset Total Return Unconstrained Fund returned 5.01%. The Fund compares its performance to the Bloomberg U.S. Aggregate Index and the ICE BofA 3-Month U.S. Treasury Bill Index, which returned 1.31% and 5.45%, respectively, for the same period. PERFORMANCE HIGHLIGHTS Top contributors to performance: ↑ Yield-curve positioning, as the Fund was short the belly of the curve for the majority of the period (through the first quarter of 2024) and 10-year yields rose more than shorter- and longer-dated yields where the Fund had long duration exposure ↑ Allocation to emerging market (EM) debt, driven by the Fund’s local currency sovereign exposure ↑ Investment-grade (IG) credit exposure as spreads tightened Top detractors from performance: ↓ Duration exposure, as U.S. Treasury (UST) yields rose over the reporting period ↓ Developed market government exposure, driven by a short Japanese versus long U.S. rates position, as well as a strengthening U.S. dollar (USD) ↓ EM currency exposure, as the USD strengthened versus most currencies Use of derivatives and the impact on performance: The Fund used interest rate futures, options and swaps to manage duration and yield curve exposure, which provided a positive impact on performance. Credit default swaps (CDS) on IG and high-yield indices, as well as options on CDS, were used to manage credit exposures and had a negative impact on performance, while currency derivatives used to manage currency exposure had a slightly negative impact on performance. | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended May 31, 2024 1 Year 5 Year 10 Year Class FI (without sales charge) 5.01 -0.45 0.99 Class FI (with sales charge) 5.01 -0.45 0.99 Bloomberg U.S. Aggregate Index 1.31 -0.17 1.26 ICE BofA 3-Month U.S. Treasury Bill Index 5.45 2.12 1.47 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit https://www.franklintempleton.com/investments/options/mutual-funds . Important data provider notices and terms available at www.franklintempletondatasources.com. | |
Net Assets | $ 232,728,246 | |
Holdings Count | $ / shares | 403 | [6] |
Advisory Fees Paid, Amount | $ 1,428,485 | |
Investment Company Portfolio Turnover | 133% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of May 31, 2024) Total Net Assets $232,728,246 Total Number of Portfolio Holdings * 403 Total Management Fee Paid $1,428,485 Portfolio Turnover Rate 133% | [6] |
Holdings [Text Block] | | |
Material Fund Change [Text Block] | HOW HAS THE FUND CHANGED? Effective as of May 1, 2024, the Fund’s named portfolio management team consists of S. Kenneth Leech, Michael C. Buchanan, Mark S. Lindbloom, Frederick R. Marki and Julien A. Scholnick. This is a summary of certain changes to the Fund since June 1, 2023. For more complete information, you may review the Fund’s current prospectus and any applicable supplements at https://www.franklintempleton.com/regulatory-fund-documents or upon request at 877-6LM-FUND/656-3863 or prospectus franklintempleton.com . | |
Updated Prospectus Phone Number | 877-6LM-FUND/656-3863 | |
Updated Prospectus Email Address | prospectus@franklintempleton.com | |
Updated Prospectus Web Address | https://www.franklintempleton.com/regulatory-fund-documents | |
Class I | | |
Shareholder Report [Line Items] | | |
Fund Name | Western Asset Total Return Unconstrained Fund | |
Class Name | Class I | |
Trading Symbol | WAARX | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents . You can also request this information by contacting us at 877-6LM-FUND/656-3863 . | |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. | |
Additional Information Phone Number | 877-6LM-FUND/656-3863 | |
Additional Information Website | https://www.franklintempleton.com/regulatory-fund-documents | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment) Class Name Costs of $10,000 investment Costs paid as a percentage of a $10,000 investment * Class I $76 0.74% | [7] |
Expenses Paid, Amount | $ 76 | |
Expense Ratio, Percent | 0.74% | |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? For the twelve months ended May 31, 2024, Class I shares of Western Asset Total Return Unconstrained Fund returned 5.33%. The Fund compares its performance to the Bloomberg U.S. Aggregate Index and the ICE BofA 3-Month U.S. Treasury Bill Index, which returned 1.31% and 5.45%, respectively, for the same period. PERFORMANCE HIGHLIGHTS Top contributors to performance: ↑ Yield-curve positioning, as the Fund was short the belly of the curve for the majority of the period (through the first quarter of 2024) and 10-year yields rose more than shorter- and longer-dated yields where the Fund had long duration exposure ↑ Allocation to emerging market (EM) debt, driven by the Fund’s local currency sovereign exposure ↑ Investment-grade (IG) credit exposure as spreads tightened Top detractors from performance: ↓ Duration exposure, as U.S. Treasury (UST) yields rose over the reporting period ↓ Developed market government exposure, driven by a short Japanese versus long U.S. rates position, as well as a strengthening U.S. dollar (USD) ↓ EM currency exposure, as the USD strengthened versus most currencies Use of derivatives and the impact on performance: The Fund used interest rate futures, options and swaps to manage duration and yield curve exposure, which provided a positive impact on performance. Credit default swaps (CDS) on IG and high-yield indices, as well as options on CDS, were used to manage credit exposures and had a negative impact on performance, while currency derivatives used to manage currency exposure had a slightly negative impact on performance. | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended May 31, 2024 1 Year 5 Year 10 Year Class I (without sales charge) 5.33 -0.13 1.30 Class I (with sales charge) 5.33 -0.13 1.30 Bloomberg U.S. Aggregate Index 1.31 -0.17 1.26 ICE BofA 3-Month U.S. Treasury Bill Index 5.45 2.12 1.47 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit https://www.franklintempleton.com/investments/options/mutual-funds . Important data provider notices and terms available at www.franklintempletondatasources.com. | |
Net Assets | $ 232,728,246 | |
Holdings Count | $ / shares | 403 | [8] |
Advisory Fees Paid, Amount | $ 1,428,485 | |
Investment Company Portfolio Turnover | 133% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of May 31, 2024) Total Net Assets $232,728,246 Total Number of Portfolio Holdings * 403 Total Management Fee Paid $1,428,485 Portfolio Turnover Rate 133% | [8] |
Holdings [Text Block] | | |
Material Fund Change [Text Block] | HOW HAS THE FUND CHANGED? Effective as of May 1, 2024, the Fund’s named portfolio management team consists of S. Kenneth Leech, Michael C. Buchanan, Mark S. Lindbloom, Frederick R. Marki and Julien A. Scholnick. This is a summary of certain changes to the Fund since June 1, 2023. For more complete information, you may review the Fund’s current prospectus and any applicable supplements at https://www.franklintempleton.com/regulatory-fund-documents or upon request at 877-6LM-FUND/656-3863 or prospectus franklintempleton.com . | |
Updated Prospectus Phone Number | 877-6LM-FUND/656-3863 | |
Updated Prospectus Email Address | prospectus@franklintempleton.com | |
Updated Prospectus Web Address | https://www.franklintempleton.com/regulatory-fund-documents | |
Class IS | | |
Shareholder Report [Line Items] | | |
Fund Name | Western Asset Total Return Unconstrained Fund | |
Class Name | Class IS | |
Trading Symbol | WAASX | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents . You can also request this information by contacting us at 877-6LM-FUND/656-3863 . | |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. | |
Additional Information Phone Number | 877-6LM-FUND/656-3863 | |
Additional Information Website | https://www.franklintempleton.com/regulatory-fund-documents | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment) Class Name Costs of $10,000 investment Costs paid as a percentage of a $10,000 investment * Class IS $66 0.64% | [9] |
Expenses Paid, Amount | $ 66 | |
Expense Ratio, Percent | 0.64% | |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? For the twelve months ended May 31, 2024, Class IS shares of Western Asset Total Return Unconstrained Fund returned 5.46%. The Fund compares its performance to the Bloomberg U.S. Aggregate Index and the ICE BofA 3-Month U.S. Treasury Bill Index, which returned 1.31% and 5.45%, respectively, for the same period. PERFORMANCE HIGHLIGHTS Top contributors to performance: ↑ Yield-curve positioning, as the Fund was short the belly of the curve for the majority of the period (through the first quarter of 2024) and 10-year yields rose more than shorter- and longer-dated yields where the Fund had long duration exposure ↑ Allocation to emerging market (EM) debt, driven by the Fund’s local currency sovereign exposure ↑ Investment-grade (IG) credit exposure as spreads tightened Top detractors from performance: ↓ Duration exposure, as U.S. Treasury (UST) yields rose over the reporting period ↓ Developed market government exposure, driven by a short Japanese versus long U.S. rates position, as well as a strengthening U.S. dollar (USD) ↓ EM currency exposure, as the USD strengthened versus most currencies Use of derivatives and the impact on performance: The Fund used interest rate futures, options and swaps to manage duration and yield curve exposure, which provided a positive impact on performance. Credit default swaps (CDS) on IG and high-yield indices, as well as options on CDS, were used to manage credit exposures and had a negative impact on performance, while currency derivatives used to manage currency exposure had a slightly negative impact on performance. | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended May 31, 2024 1 Year 5 Year 10 Year Class IS (without sales charge) 5.46 -0.03 1.39 Class IS (with sales charge) 5.46 -0.03 1.39 Bloomberg U.S. Aggregate Index 1.31 -0.17 1.26 ICE BofA 3-Month U.S. Treasury Bill Index 5.45 2.12 1.47 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit https://www.franklintempleton.com/investments/options/mutual-funds . Important data provider notices and terms available at www.franklintempletondatasources.com. | |
Net Assets | $ 232,728,246 | |
Holdings Count | $ / shares | 403 | [10] |
Advisory Fees Paid, Amount | $ 1,428,485 | |
Investment Company Portfolio Turnover | 133% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of May 31, 2024) Total Net Assets $232,728,246 Total Number of Portfolio Holdings * 403 Total Management Fee Paid $1,428,485 Portfolio Turnover Rate 133% | [10] |
Holdings [Text Block] | | |
Material Fund Change [Text Block] | HOW HAS THE FUND CHANGED? Effective as of May 1, 2024, the Fund’s named portfolio management team consists of S. Kenneth Leech, Michael C. Buchanan, Mark S. Lindbloom, Frederick R. Marki and Julien A. Scholnick. This is a summary of certain changes to the Fund since June 1, 2023. For more complete information, you may review the Fund’s current prospectus and any applicable supplements at https://www.franklintempleton.com/regulatory-fund-documents or upon request at 877-6LM-FUND/656-3863 or prospectus franklintempleton.com . | |
Updated Prospectus Phone Number | 877-6LM-FUND/656-3863 | |
Updated Prospectus Email Address | prospectus@franklintempleton.com | |
Updated Prospectus Web Address | https://www.franklintempleton.com/regulatory-fund-documents | |
Class R | | |
Shareholder Report [Line Items] | | |
Fund Name | Western Asset Total Return Unconstrained Fund | |
Class Name | Class R | |
Trading Symbol | WAURX | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents . You can also request this information by contacting us at 877-6LM-FUND/656-3863 . | |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. | |
Additional Information Phone Number | 877-6LM-FUND/656-3863 | |
Additional Information Website | https://www.franklintempleton.com/regulatory-fund-documents | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE LAST YEAR? (based on a hypothetical $10,000 investment) Class Name Costs of $10,000 investment Costs paid as a percentage of a $10,000 investment * Class R $137 1.34% | [11] |
Expenses Paid, Amount | $ 137 | |
Expense Ratio, Percent | 1.34% | |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? For the twelve months ended May 31, 2024, Class R shares of Western Asset Total Return Unconstrained Fund returned 4.60%. The Fund compares its performance to the Bloomberg U.S. Aggregate Index and the ICE BofA 3-Month U.S. Treasury Bill Index, which returned 1.31% and 5.45%, respectively, for the same period. PERFORMANCE HIGHLIGHTS Top contributors to performance: ↑ Yield-curve positioning, as the Fund was short the belly of the curve for the majority of the period (through the first quarter of 2024) and 10-year yields rose more than shorter- and longer-dated yields where the Fund had long duration exposure ↑ Allocation to emerging market (EM) debt, driven by the Fund’s local currency sovereign exposure ↑ Investment-grade (IG) credit exposure as spreads tightened Top detractors from performance: ↓ Duration exposure, as U.S. Treasury (UST) yields rose over the reporting period ↓ Developed market government exposure, driven by a short Japanese versus long U.S. rates position, as well as a strengthening U.S. dollar (USD) ↓ EM currency exposure, as the USD strengthened versus most currencies Use of derivatives and the impact on performance: The Fund used interest rate futures, options and swaps to manage duration and yield curve exposure, which provided a positive impact on performance. Credit default swaps (CDS) on IG and high-yield indices, as well as options on CDS, were used to manage credit exposures and had a negative impact on performance, while currency derivatives used to manage currency exposure had a slightly negative impact on performance. | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURNS (%) Period Ended May 31, 2024 1 Year 5 Year 10 Year Class R (without sales charge) 4.60 -0.70 0.74 Class R (with sales charge) 4.60 -0.70 0.74 Bloomberg U.S. Aggregate Index 1.31 -0.17 1.26 ICE BofA 3-Month U.S. Treasury Bill Index 5.45 2.12 1.47 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | For current month-end performance, please call Franklin Templeton at 877-6LM-FUND/656-3863 or visit https://www.franklintempleton.com/investments/options/mutual-funds . Important data provider notices and terms available at www.franklintempletondatasources.com. | |
Net Assets | $ 232,728,246 | |
Holdings Count | $ / shares | 403 | [12] |
Advisory Fees Paid, Amount | $ 1,428,485 | |
Investment Company Portfolio Turnover | 133% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of May 31, 2024) Total Net Assets $232,728,246 Total Number of Portfolio Holdings * 403 Total Management Fee Paid $1,428,485 Portfolio Turnover Rate 133% | [12] |
Holdings [Text Block] | | |
Material Fund Change [Text Block] | HOW HAS THE FUND CHANGED? Effective as of May 1, 2024, the Fund’s named portfolio management team consists of S. Kenneth Leech, Michael C. Buchanan, Mark S. Lindbloom, Frederick R. Marki and Julien A. Scholnick. This is a summary of certain changes to the Fund since June 1, 2023. For more complete information, you may review the Fund’s current prospectus and any applicable supplements at https://www.franklintempleton.com/regulatory-fund-documents or upon request at 877-6LM-FUND/656-3863 or prospectus franklintempleton.com . | |
Updated Prospectus Phone Number | 877-6LM-FUND/656-3863 | |
Updated Prospectus Email Address | prospectus@franklintempleton.com | |
Updated Prospectus Web Address | https://www.franklintempleton.com/regulatory-fund-documents | |
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[1] * Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher. * Does not include derivatives, except purchased option contracts, if any. * Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher. * Does not include derivatives, except purchased option contracts, if any. * Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher. * Does not include derivatives, except purchased option contracts, if any. * Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher. * Does not include derivatives, except purchased option contracts, if any. * Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher. * Does not include derivatives, except purchased option contracts, if any. * Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher. * Does not include derivatives, except purchased option contracts, if any. |