An experienced team performing solid bottom-up research steers Western Asset Short Duration Municipal Income. But middling performance and lackluster fees give us reason for pause, supporting a Morningstar Analyst Rating of Neutral across all share classes.
Will SHDLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SHDLX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the SHDLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of SHDLX’s parent organization’s priorities and whether they’re in line with investors’ interests.