Western Asset Short Duration High Income benefits from an experienced and well-resourced team, and management continues to make process enhancements to curtail some of its past risks. It earns a Morningstar Analyst Rating of Neutral on its cheaper share classes, while its most expensive share class is rated Negative.
Western Asset Short Duration High Inc C1 SHICX
NAV / 1-Day Return
5.27
/
0.01
%
Total Assets
391.2 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.
1.450%
Expense Ratio
1.450%
Fee Level
Low
Longest Manager Tenure
15.96
years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
1,000
Status
Closed
TTM Yield
4.15%
Effective Duration
1.85
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 SHICX 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 SHICX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the SHICX 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 SHICX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Improving, but it remains an aggressive short duration high-yield offering.
