Western Asset Short Duration High Income benefits from an experienced and well-resourced team, and management has tried to curtail its hunger for yield, but it remains a riskier proposition. It earns a Morningstar Analyst Rating of Neutral on its cheaper share classes, while its most expensive earns a Negative.
Western Asset Short Duration High Inc I SHIYX
NAV / 1-Day Return
5.17
/
0.00
Total Assets
345.3 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.
0.750%
Expense Ratio
0.750%
Fee Level
Average
Longest Manager Tenure
14.80
years
Category
US Fund High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
1,000,000
Status
Open
TTM Yield
4.94%
Effective Duration
2.19
years
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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 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.
Not for the faint of heart.
