Western Asset formally added bank-loan manager Ryan Kohan to Western Asset Short Duration High Income on March 1, 2024. Kohan joined Western in 2019 as head of bank loans after managing bank-loan strategies at Sound Point Capital Management and has roughly 16 years of industry experience. It makes sense to name him as a comanager considering his increased contributions to the strategy. He will work alongside comanager co-CIO Mike Buchanan and high-yield manager Walter Kilcullen, who remains the lead here. At the same time, Western removed its co-CIO pro forma comanager Ken Leech on this strategy. These moves do not impact the strategy’s Above Average People or Average Process ratings.
Western Asset Short Duration High Inc A SHIAX
- NAV / 1-Day Return 4.79 / +0.06 %
- Total Assets 489.2 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.990%
- Distribution Fee Level Average
- Share Class Type Front Load
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 7.39%
- Effective Duration 1.79 years
USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 1:16 AM GMT+0
Morningstar’s Analysis SHIAX
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Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 9.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Trade Date Cash | 4.11 | 19.9 Mil | Cash and Equivalents |
Carnival Corporation 6% | 0.97 | 4.7 Mil | Corporate |
Western Asset Prem Instl Govtt Rsrv Pref | 0.96 | 4.7 Mil | Cash and Equivalents |
Viking Cruises, Ltd. 7% | 0.96 | 4.6 Mil | Corporate |
Community Health Systems Incorporated 6% | 0.94 | 4.6 Mil | Corporate |
Teva Pharmaceutical Finance Netherlands III B.V. 4.75% | 0.92 | 4.5 Mil | Corporate |
Bombardier Inc. 8.75% | 0.90 | 4.4 Mil | Corporate |
NCL Corporation Ltd. 8.125% | 0.90 | 4.3 Mil | Corporate |
CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75% | 0.89 | 4.3 Mil | Corporate |
Pm General Purchaser Llc 9.5% | 0.88 | 4.3 Mil | Corporate |