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 C LWHIX
- NAV / 1-Day Return 4.73 / +0.02 %
- Total Assets 464.9 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.710%
- Distribution Fee Level Average
- Share Class Type Level Load
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 6.68%
- Effective Duration 1.79 years
USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 12:33 AM GMT+0
Morningstar’s Analysis LWHIX
Will LWHIX 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 9.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Teva Pharmaceutical Finance Netherlands III B.V. 4.75% | 1.03 | 4.8 Mil | Corporate |
Carnival Corporation 6% | 1.02 | 4.8 Mil | Corporate |
Viking Cruises, Ltd. 7% | 0.97 | 4.6 Mil | Corporate |
Pm General Purchaser Llc 9.5% | 0.93 | 4.4 Mil | Corporate |
NCL Corporation Ltd. 8.125% | 0.92 | 4.3 Mil | Corporate |
Western Asset Prem Instl Govtt Rsrv Pref | 0.86 | 4.0 Mil | Cash and Equivalents |
Corecivic Inc 8.25% | 0.85 | 4.0 Mil | Corporate |
LifePoint Health, Inc 11% | 0.85 | 4.0 Mil | Corporate |
Carnival Holdings Bermuda Ltd. 10.375% | 0.85 | 4.0 Mil | Corporate |
Berry Petroleum Co LLC 7% | 0.77 | 3.6 Mil | Corporate |