Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
Western Asset Ultra-Short Income A ARMZX
- NAV / 1-Day Return 9.03 / +0.12 %
- Total Assets 453.4 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.650%
- Distribution Fee Level Above Average
- Share Class Type No Load
- Category Ultrashort Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 3.46%
- Effective Duration 0.55 years
USD | NAV as of Mar 19, 2024 | 1-Day Return as of Mar 19, 2024, 12:14 AM GMT+0
Morningstar’s Analysis ARMZX
Will ARMZX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 10.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Western Asset Prem Instl Govtt Rsrv Pref | 6.33 | 27.3 Mil | Cash and Equivalents |
Morgan Stanley 0.985% | 1.67 | 7.2 Mil | Corporate |
GM FINANCIAL REVOLVING RECEIVABLES TRUST 1.17% | 1.15 | 5.0 Mil | Securitized |
MUFG Bank, Ltd. 0% | 1.14 | 4.9 Mil | Cash and Equivalents |
Societe Generale Institutional 0% | 1.14 | 4.9 Mil | Cash and Equivalents |
Cooperatieve Rabobank U.A. 0% | 1.13 | 4.9 Mil | Cash and Equivalents |
Svenska Handelsbanken AB 0% | 1.13 | 4.9 Mil | Cash and Equivalents |
Wells Fargo & Co. 2.188% | 1.08 | 4.7 Mil | Corporate |
Federal Home Loan Mortgage Corp. 1.781% | 1.05 | 4.5 Mil | Securitized |
Fnma Pass-Thru I 5.5% | 0.98 | 4.2 Mil | Securitized |