Advertisement
Skip to Content
Morningstar

Western Asset Short Duration High Inc I SHIYX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 4.80  /  0.23 %
  • Total Assets 384.6 Mil
  • Adj. Expense Ratio
    0.730%
  • Expense Ratio 0.730%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 6.26%
  • Effective Duration 1.77 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 1:36 AM GMT+00:00

Morningstar’s Analysis SHIYX

Will SHIYX 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 SHIYX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

Aggressive short duration high-yield exposure.

Senior Analyst

Summary

| by Mike Mulach

Western Asset Short Duration High Income’s experienced and well-resourced team stands out, but this remains a risky approach despite 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.

Unlock our full analysis with Morningstar Investor