Morningstar

Western Asset Short Duration Municipal Income Fund Class IS SHDSX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $5.02  /  +0.40 %
  • Fund Size $267.6M
  • Adjusted Expense Ratio 0.350%
  • Net Expense Ratio 0.350%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Muni National Short
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 2.91%
  • Average Effective Duration 2.23 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis SHDSX

Will SHDSX outperform in the 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 SHDSX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

A transition awaits.

Associate Analyst Joe Bullard

Joe Bullard

Associate Analyst

Summary

Uncertainty raised from the merging of municipal-bond teams between Western Asset and Franklin Templeton Fixed Income leads to the resetting of Western Asset Short Duration Municipal Income’s People and Process rating to Average from Above Average.

by Joe Bullard
Rated on Published on

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Portfolio Holdings SHDSX

More SHDSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

INDIANAPOLIS IND LOC PUB IMPT BD BK 5%

2.76 7M
municipal

DENVER COLO CITY & CNTY ARPT REV 5%

2.54 7M
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX 5%

2.47 6M
municipal

NEW JERSEY ST TRANSN TR FD AUTH 0%

2.13 6M
municipal

LONG IS PWR AUTH N Y ELEC SYS REV 3%

1.95 5M
municipal

NEW JERSEY ECONOMIC DEV AUTH MTR VEH SURCHARGES REV 5%

1.94 5M
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

1.91 5M
municipal

LOS ANGELES CALIF DEPT ARPTS ARPT REV 5%

1.82 5M
municipal

CONNECTICUT ST 5%

1.67 4M
municipal

DENTON TEX INDPT SCH DIST 4%

1.58 4M
municipal

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