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 C1 ARMGX
- NAV / 1-Day Return 9.03 / +0.13 %
- Total Assets 441.4 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.380%
- Distribution Fee Level Above Average
- Share Class Type Level Load
- Category Ultrashort Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 1,000
- Status Closed
- TTM Yield 2.86%
- Effective Duration 0.52 years
USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 1:16 AM GMT+0
Morningstar’s Analysis ARMGX
Will ARMGX 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 11.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Western Asset Prem Instl Govtt Rsrv Pref | 3.79 | 16.5 Mil | Cash and Equivalents |
United States Treasury Bills 0% | 2.83 | 12.3 Mil | Government |
Morgan Stanley 0.985% | 1.68 | 7.3 Mil | Corporate |
Wells Fargo & Co. 2.188% | 1.41 | 6.1 Mil | Corporate |
Bank of America Corp. 1.319% | 1.26 | 5.5 Mil | Corporate |
GM FINANCIAL REVOLVING RECEIVABLES TRUST 1.17% | 1.16 | 5.0 Mil | Securitized |
United States Treasury Notes 4.625% | 1.09 | 4.7 Mil | Government |
Goldman Sachs Group, Inc. 0.855% | 1.01 | 4.4 Mil | Corporate |
Federal Home Loan Mortgage Corp. 1.779% | 0.98 | 4.3 Mil | Securitized |
Federal Home Loan Mortgage Corp. 3.268% | 0.87 | 3.8 Mil | Securitized |