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Western Asset Short Duration High Inc I SHIYX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 4.74  /  +0.02 %
  • Total Assets 465.0 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 1.0 Mil
  • Status Open
  • TTM Yield 7.63%
  • Effective Duration 1.79 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 12:33 AM GMT+0

Morningstar’s Analysis SHIYX

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Bank-Loan Manager Added to Western Asset Short Duration High Income; Ratings Unchanged

null Mike Mulach

Mike Mulach

Analyst Note

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.

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Portfolio Holdings SHIYX

  • 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