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Morningstar

Western Asset Ultra-Short Income C LWAIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.14  /  +0.01 %
  • Total Assets 440.8 Mil
  • Adj. Expense Ratio
    1.430%
  • Expense Ratio 1.430%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 2.75%
  • Effective Duration 0.59 years

USD | NAV as of Apr 20, 2024 | 1-Day Return as of Apr 20, 2024, 12:48 AM GMT+0

Morningstar’s Analysis LWAIX

Will LWAIX 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 LWAIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LWAIX 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 LWAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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

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 most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings LWAIX

More LWAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Western Asset Prem Instl Govtt Rsrv Pref

6.80 30.3 Mil
Cash and Equivalents

Morgan Stanley 0.985%

1.63 7.3 Mil
Corporate

Wells Fargo & Co. 2.188%

1.17 5.2 Mil
Corporate

GM FINANCIAL REVOLVING RECEIVABLES TRUST 1.17%

1.12 5.0 Mil
Securitized

MUFG Bank, Ltd. 0%

1.12 5.0 Mil
Cash and Equivalents

Societe Generale Institutional 0%

1.12 5.0 Mil
Cash and Equivalents

Cooperatieve Rabobank U.A. 0%

1.11 4.9 Mil
Cash and Equivalents

Svenska Handelsbanken AB 0%

1.11 4.9 Mil
Cash and Equivalents

Federal Home Loan Mortgage Corp. 1.778%

1.00 4.5 Mil
Securitized

Goldman Sachs Group, Inc. 0.855%

0.97 4.3 Mil
Corporate