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Morningstar

Western Asset Ultra-Short Income IS ARMLX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.03  /  +0.01 %
  • Total Assets 440.8 Mil
  • Adj. Expense Ratio
    0.350%
  • Expense Ratio 0.350%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.78%
  • Effective Duration 0.59 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:33 AM GMT+0

Morningstar’s Analysis ARMLX

Will ARMLX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ARMLX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ARMLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of ARMLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Western Asset Ultra-Short Income IS's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ARMLX

More ARMLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Western Asset Prem Instl Govtt Rsrv Pref

6.80 30.3 Mil
Cash and Equivalents

Morgan Stanley 0.985%

1.63 7.3 Mil
Corporate

Wells Fargo & Co. 2.188%

1.17 5.2 Mil
Corporate

GM FINANCIAL REVOLVING RECEIVABLES TRUST 1.17%

1.12 5.0 Mil
Securitized

MUFG Bank, Ltd. 0%

1.12 5.0 Mil
Cash and Equivalents

Societe Generale Institutional 0%

1.12 5.0 Mil
Cash and Equivalents

Cooperatieve Rabobank U.A. 0%

1.11 4.9 Mil
Cash and Equivalents

Svenska Handelsbanken AB 0%

1.11 4.9 Mil
Cash and Equivalents

Federal Home Loan Mortgage Corp. 1.778%

1.00 4.5 Mil
Securitized

Goldman Sachs Group, Inc. 0.855%

0.97 4.3 Mil
Corporate