Western Asset named Mike Buchanan as co-CIO alongside Ken Leech on Sept. 1, 2023. While there are no indications that Leech has imminent plans to retire, we view this as part of prudent succession planning rather than a significant shift in investment responsibilities. Buchanan remains Western’s head of global credit and has been Western’s deputy CIO since 2015.
Western Asset Short Duration Muni Inc A SHDAX
- NAV / 1-Day Return 4.95 / +0.01 %
- Total Assets 380.4 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.550%
- Distribution Fee Level Low
- Share Class Type Front Load
- Category Muni National Short
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 2.04%
- Effective Duration 2.18 years
USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 1:21 AM GMT+0
Morningstar’s Analysis SHDAX
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People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 20.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% | 3.92 | 15.4 Mil | municipal |
TENNESSEE ENERGY ACQUISITION CORP GAS REV 4% | 2.46 | 9.6 Mil | municipal |
NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 0.6% | 2.15 | 8.4 Mil | municipal |
LONG IS PWR AUTH N Y ELEC SYS REV 5% | 2.05 | 8.0 Mil | municipal |
INDIANAPOLIS IND LOC PUB IMPT BD BK 5% | 1.94 | 7.6 Mil | municipal |
CONNECTICUT ST 4% | 1.90 | 7.4 Mil | municipal |
CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5% | 1.86 | 7.3 Mil | municipal |
LANCASTER PORT AUTH OHIO GAS SUPPLY REV 5% | 1.58 | 6.2 Mil | municipal |
CYPRESS-FAIRBANKS TEX INDPT SCH DIST 0.28% | 1.46 | 5.7 Mil | municipal |
CONNECTICUT ST SPL TAX OBLIG REV 5% | 1.41 | 5.5 Mil | municipal |