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Western Asset Short Duration High Inc R LWSRX Fund Analysis

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Morningstar’s Analysis LWSRX

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

  • People Pillar

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

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.

by Mike Mulach
Published on

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