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Morningstar

Western Asset Ultra-Short Income I SBAYX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.05  /  +0.01 %
  • Total Assets 441.4 Mil
  • Adj. Expense Ratio
    0.380%
  • Expense Ratio 0.380%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.85%
  • 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 SBAYX

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

  • People Pillar

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

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Western Asset Ultra-Short Income I to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
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Portfolio Holdings SBAYX

More SBAYX Holdings
  • 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