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.
Western Asset Short Duration Muni Inc C SHDLX
NAV / 1-Day Return
5.18
/
0.00
%
Total Assets
886.3 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.910%
Expense Ratio
0.910%
Fee Level
Low
Longest Manager Tenure
18.14
years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
1,000
Status
Open
TTM Yield
0.84%
Effective Duration
2.13
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will SHDLX 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 SHDLX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of SHDLX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Middle of the pack.
