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Morningstar

Western Asset Ultra-Short Income A ARMZX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.87  /  0.03 %
  • Total Assets 408.1 Mil
  • Adj. Expense Ratio
    0.660%
  • Expense Ratio 0.660%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.93%
  • Effective Duration 0.73 years

USD | NAV as of Sep 30, 2023 | 1-Day Return as of Sep 30, 2023, 12:13 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.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ARMZX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ARMZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of ARMZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Western Asset Ultra-Short Income A's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings ARMZX

More ARMZX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 449
  • Other Holdings 19
  • % Assets in Top 10 Holdings 10.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Western Asset Prem Instl Govtt Rsrv Pref

4.41
19,609,452
Cash and Equivalents

Morgan Stanley 0.985%

1.67
7,427,600
Corporate

Federal Home Loan Mortgage Corporation 1.779%

1.11
4,942,754
Securitized

GM FINANCIAL REVOLVING RECEIVABLES TRUST 1.17%

1.08
4,810,028
Securitized

Wells Fargo & Company 2.188%

1.03
4,563,674
Corporate

Fnma Pass-Thru I 5.5%

0.97
4,316,715
Securitized

Goldman Sachs Group, Inc. 0.855%

0.94
4,191,423
Corporate

Federal Home Loan Mortgage Corporation 3.265%

0.93
4,146,253
Securitized

Bank of America Corporation 1.319%

0.79
3,519,945
Corporate

United States Treasury Notes 3.625%

0.77
3,414,774
Government