Morningstar

Western Asset Short Duration Municipal Income Fund Class IS SHDSX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 5.07  /  0.00
  • Total Assets 272.2M
  • Adj. Expense Ratio
    0.350%
  • Expense Ratio 0.350%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 2.80%
  • Effective Duration 2.15 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:40 AM GMT+0

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.

An experienced team makes ample use of evolving proprietary muni technology.

Associate Analyst Joe Bullard

Joe Bullard

Associate Analyst

Summary

Western Asset Short Duration Municipal Income’s experienced team and repeatable process are largely unaffected by allegations against former Chief Investment Officer Ken Leech.

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 20.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

INDIANAPOLIS IND LOC PUB IMPT BD BK 5%

2.72 7M
municipal

DENVER COLO CITY & CNTY ARPT REV 5%

2.51 7M
municipal

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

2.44 7M
municipal

NEW JERSEY ST TRANSN TR FD AUTH 0%

2.05 6M
municipal

LONG IS PWR AUTH N Y ELEC SYS REV 3%

1.92 5M
municipal

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

1.92 5M
municipal

NEW JERSEY ECONOMIC DEV AUTH MTR VEH SURCHARGES REV 5%

1.88 5M
municipal

ST JOHN BAPTIST PARISH LA REV 2.375%

1.83 5M
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5%

1.79 5M
municipal

CONNECTICUT ST 5%

1.62 4M
municipal

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