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Western Asset Short Duration High Inc A SHIAX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 4.78  /  +0.08 %
  • Total Assets 465.5 Mil
  • Adj. Expense Ratio
    0.990%
  • 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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Bank-Loan Manager Added to Western Asset Short Duration High Income; Ratings Unchanged

null Mike Mulach

Mike Mulach

Analyst Note

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.

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Portfolio Holdings SHIAX

  • 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