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Morningstar

Western Asset Ultra-Short Income I SBAYX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 8.75  /  0.15 %
  • Total Assets 553.3 Mil
  • Adj. Expense Ratio
    0.380%
  • Expense Ratio 0.390%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.23%
  • Effective Duration 0.47 years

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:20 PM GMT+00:00

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.

Summary

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Western Asset Ultra-Short Income I's Average Process and Parent pillars limit this strategy to a Morningstar Quantitative Rating of Neutral. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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