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Western Asset Short Duration High Inc I SHIYX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
5.35  /  0.22 %
Total Assets
384.7 Mil
Adj. Expense Ratio
0.750%
Expense Ratio
0.750%
Fee Level
Above Average
Longest Manager Tenure
15.45 years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
4.91%
Effective Duration
1.79 years

USD | NAV as of Jul 23, 2021 | 1-Day Return as of Jul 23, 2021, 11:03 PM GMT+00:00

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Morningstar’s Analysis

Will SHIYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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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

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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

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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.

Analyst

Summary

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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.

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