Western Asset formally added bank-loan manager Ryan Kohan to Western Asset Short Duration High Income on March 1, 2024. Kohan joined Western in 2019 as head of bank loans after managing bank-loan strategies at Sound Point Capital Management and has roughly 16 years of industry experience. It makes sense to name him as a comanager considering his increased contributions to the strategy. He will work alongside comanager co-CIO Mike Buchanan and high-yield manager Walter Kilcullen, who remains the lead here. At the same time, Western removed its co-CIO pro forma comanager Ken Leech on this strategy. These moves do not impact the strategy’s Above Average People or Average Process ratings.
Western Asset Short Duration High Inc A SHIAX
- NAV / 1-Day Return 4.78 / +0.08 %
- Total Assets 465.5 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.990%
- Distribution Fee Level Average
- Share Class Type Front Load
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 6.76%
- Effective Duration 1.68 years
USD | NAV as of Mar 29, 2024 | 1-Day Return as of Mar 29, 2024, 12:14 AM GMT+0
Morningstar’s Analysis SHIAX
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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 9.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Western Asset Prem Instl Govtt Rsrv Pref | 2.73 | 11.8 Mil | Cash and Equivalents |
NCL Corporation Ltd. 5.875% | 1.14 | 4.9 Mil | Corporate |
Teva Pharmaceutical Finance Netherlands III B.V. 4.75% | 1.09 | 4.7 Mil | Corporate |
Carnival Corporation 6% | 1.06 | 4.6 Mil | Corporate |
Viking Cruises, Ltd. 7% | 1.06 | 4.6 Mil | Corporate |
Royal Caribbean Group 11.625% | 1.00 | 4.3 Mil | Corporate |
NCL Corporation Ltd. 8.125% | 0.96 | 4.2 Mil | Corporate |
Ford Motor Credit Company LLC 4.125% | 0.96 | 4.1 Mil | Corporate |
Carnival Holdings Bermuda Ltd. 10.375% | 0.90 | 3.9 Mil | Corporate |
Global Aircraft Leasing Co Ltd 6.5% | 0.85 | 3.7 Mil | Corporate |