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 C1 SHICX
- NAV / 1-Day Return 4.78 / +0.02 %
- Total Assets 462.9 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.430%
- Distribution Fee Level Low
- Share Class Type Level Load
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 1,000
- Status Closed
- TTM Yield 6.91%
- Effective Duration 1.76 years
USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 12:49 AM GMT+0
Morningstar’s Analysis SHICX
Will SHICX outperform in future?
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
|
---|---|---|---|
Teva Pharmaceutical Finance Netherlands III B.V. 4.75% | 1.03 | 4.8 Mil | Corporate |
Carnival Corporation 6% | 1.02 | 4.8 Mil | Corporate |
Viking Cruises, Ltd. 7% | 0.97 | 4.6 Mil | Corporate |
Pm General Purchaser Llc 9.5% | 0.93 | 4.4 Mil | Corporate |
NCL Corporation Ltd. 8.125% | 0.92 | 4.3 Mil | Corporate |
Western Asset Prem Instl Govtt Rsrv Pref | 0.86 | 4.0 Mil | Cash and Equivalents |
Corecivic Inc 8.25% | 0.85 | 4.0 Mil | Corporate |
LifePoint Health, Inc 11% | 0.85 | 4.0 Mil | Corporate |
Carnival Holdings Bermuda Ltd. 10.375% | 0.85 | 4.0 Mil | Corporate |
Berry Petroleum Co LLC 7% | 0.77 | 3.6 Mil | Corporate |