Western Asset Ultra-Short Income Fund
Name
As of 04/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.0%
1 yr return
6.5%
3 Yr Avg Return
2.6%
5 Yr Avg Return
2.4%
Net Assets
$431 M
Holdings in Top 10
14.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.46%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 47.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SBAYX - Profile
Distributions
- YTD Total Return 2.0%
- 3 Yr Annualized Total Return 2.6%
- 5 Yr Annualized Total Return 2.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.80%
- Dividend Yield 3.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Ultra-Short Income Fund
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateDec 18, 2002
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerS. Leech
Fund Description
SBAYX - Performance
Return Ranking - Trailing
Period | SBAYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.0% | -1.7% | 3.6% | 25.00% |
1 Yr | 6.5% | -0.5% | 12.9% | 10.65% |
3 Yr | 2.6%* | -2.2% | 5.9% | 30.24% |
5 Yr | 2.4%* | -1.0% | 4.0% | 19.15% |
10 Yr | 2.2%* | -4.4% | 27.5% | 5.13% |
* Annualized
Return Ranking - Calendar
Period | SBAYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.0% | -2.3% | 4.3% | 6.48% |
2022 | -2.8% | -6.5% | 0.5% | 69.86% |
2021 | -0.9% | -2.1% | 0.3% | 88.18% |
2020 | -0.4% | -3.1% | 1.8% | 87.63% |
2019 | 1.0% | -1.2% | 6.1% | 20.11% |
Total Return Ranking - Trailing
Period | SBAYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.0% | -1.7% | 3.6% | 25.00% |
1 Yr | 6.5% | -0.5% | 12.9% | 10.65% |
3 Yr | 2.6%* | -2.2% | 5.9% | 30.24% |
5 Yr | 2.4%* | -1.0% | 4.0% | 19.15% |
10 Yr | 2.2%* | -4.4% | 27.5% | 5.13% |
* Annualized
Total Return Ranking - Calendar
Period | SBAYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.2% | 0.8% | 12.1% | 10.19% |
2022 | -0.5% | -5.1% | 2.5% | 59.33% |
2021 | 0.5% | -2.1% | 14.5% | 18.72% |
2020 | 2.0% | -1.0% | 3.6% | 30.41% |
2019 | 4.2% | 0.3% | 9.6% | 7.61% |
NAV & Total Return History
SBAYX - Holdings
Concentration Analysis
SBAYX | Category Low | Category High | SBAYX % Rank | |
---|---|---|---|---|
Net Assets | 431 M | 25.6 K | 22.6 B | 64.09% |
Number of Holdings | 447 | 2 | 1291 | 20.45% |
Net Assets in Top 10 | 61.2 M | 32.5 K | 17.3 B | 70.45% |
Weighting of Top 10 | 14.18% | 5.6% | 163.3% | 74.09% |
Top 10 Holdings
- Western Asset Premier Institutional Government Reserves 3.52%
- Morgan Stanley 1.68%
- Wells Fargo Co 1.20%
- GM Financial Revolving Receivables Trust 2021-1 1.16%
- MUFG BANK LTD/NEW YORK NY 1.15%
- SOCIETE GENERALE -- CP 1.15%
- RABOBANK NEDERLAND 0 CP 05/06/2024 1.14%
- SVENSKA HANDELSBANKEN 0 CP 11/06/2024 1.14%
- Freddie Mac Non Gold Pool 1.04%
- Goldman Sachs Group Inc/The 1.00%
Asset Allocation
Weighting | Return Low | Return High | SBAYX % Rank | |
---|---|---|---|---|
Bonds | 88.30% | 0.00% | 128.16% | 35.45% |
Other | 7.95% | -7.74% | 99.94% | 50.45% |
Cash | 3.76% | 0.00% | 109.89% | 52.73% |
Convertible Bonds | 2.66% | 0.00% | 15.25% | 51.60% |
Stocks | 0.00% | 0.00% | 97.29% | 43.18% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 30.00% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SBAYX % Rank | |
---|---|---|---|---|
Corporate | 46.91% | 0.00% | 99.91% | 36.99% |
Securitized | 34.86% | 0.00% | 100.00% | 32.88% |
Government | 8.81% | 0.00% | 100.00% | 33.79% |
Cash & Equivalents | 3.52% | 0.00% | 109.89% | 51.36% |
Municipal | 0.05% | 0.00% | 70.39% | 37.44% |
Derivative | -0.07% | -7.49% | 21.59% | 78.64% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SBAYX % Rank | |
---|---|---|---|---|
US | 88.30% | 0.00% | 128.16% | 35.45% |
Non US | 0.00% | 0.00% | 22.24% | 40.91% |
SBAYX - Expenses
Operational Fees
SBAYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.46% | 0.02% | 29.63% | 53.21% |
Management Fee | 0.30% | 0.00% | 1.19% | 65.91% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
SBAYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
SBAYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SBAYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 47.00% | 0.00% | 369.54% | 21.08% |
SBAYX - Distributions
Dividend Yield Analysis
SBAYX | Category Low | Category High | SBAYX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.95% | 0.00% | 8.07% | 83.18% |
Dividend Distribution Analysis
SBAYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
SBAYX | Category Low | Category High | SBAYX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.80% | -1.30% | 14.86% | 21.70% |
Capital Gain Distribution Analysis
SBAYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.030 | DailyAccrualFund |
Feb 29, 2024 | $0.027 | DailyAccrualFund |
Jan 31, 2024 | $0.028 | DailyAccrualFund |
Dec 29, 2023 | $0.031 | DailyAccrualFund |
Nov 30, 2023 | $0.031 | DailyAccrualFund |
Oct 31, 2023 | $0.027 | DailyAccrualFund |
Sep 29, 2023 | $0.027 | DailyAccrualFund |
Aug 31, 2023 | $0.030 | DailyAccrualFund |
Jul 31, 2023 | $0.026 | DailyAccrualFund |
Jun 30, 2023 | $0.028 | DailyAccrualFund |
May 31, 2023 | $0.026 | DailyAccrualFund |
Apr 28, 2023 | $0.024 | DailyAccrualFund |
Mar 31, 2023 | $0.028 | DailyAccrualFund |
Feb 28, 2023 | $0.023 | DailyAccrualFund |
Jan 31, 2023 | $0.023 | DailyAccrualFund |
Dec 30, 2022 | $0.026 | DailyAccrualFund |
Nov 30, 2022 | $0.025 | DailyAccrualFund |
Oct 31, 2022 | $0.020 | DailyAccrualFund |
Sep 30, 2022 | $0.021 | DailyAccrualFund |
Aug 31, 2022 | $0.019 | DailyAccrualFund |
Jul 29, 2022 | $0.017 | DailyAccrualFund |
Jun 30, 2022 | $0.015 | DailyAccrualFund |
May 31, 2022 | $0.013 | DailyAccrualFund |
Apr 29, 2022 | $0.011 | DailyAccrualFund |
Mar 31, 2022 | $0.011 | DailyAccrualFund |
Feb 28, 2022 | $0.009 | DailyAccrualFund |
Jan 31, 2022 | $0.009 | DailyAccrualFund |
Dec 31, 2021 | $0.010 | DailyAccrualFund |
Nov 30, 2021 | $0.010 | DailyAccrualFund |
Oct 29, 2021 | $0.009 | DailyAccrualFund |
Sep 30, 2021 | $0.008 | DailyAccrualFund |
Aug 31, 2021 | $0.008 | DailyAccrualFund |
Jul 30, 2021 | $0.009 | DailyAccrualFund |
Jun 30, 2021 | $0.008 | DailyAccrualFund |
May 28, 2021 | $0.008 | DailyAccrualFund |
Apr 30, 2021 | $0.010 | DailyAccrualFund |
Mar 31, 2021 | $0.010 | DailyAccrualFund |
Feb 26, 2021 | $0.010 | DailyAccrualFund |
Jan 29, 2021 | $0.010 | DailyAccrualFund |
Dec 31, 2020 | $0.013 | DailyAccrualFund |
Nov 30, 2020 | $0.049 | DailyAccrualFund |
Oct 30, 2020 | $0.011 | DailyAccrualFund |
Sep 30, 2020 | $0.010 | DailyAccrualFund |
Aug 31, 2020 | $0.010 | DailyAccrualFund |
Jul 31, 2020 | $0.014 | DailyAccrualFund |
Jun 30, 2020 | $0.013 | DailyAccrualFund |
May 29, 2020 | $0.014 | DailyAccrualFund |
Apr 30, 2020 | $0.017 | DailyAccrualFund |
Mar 31, 2020 | $0.018 | DailyAccrualFund |
Feb 28, 2020 | $0.016 | DailyAccrualFund |
Jan 31, 2020 | $0.018 | DailyAccrualFund |
Dec 31, 2019 | $0.018 | DailyAccrualFund |
Nov 29, 2019 | $0.054 | DailyAccrualFund |
Oct 31, 2019 | $0.018 | DailyAccrualFund |
Sep 30, 2019 | $0.018 | DailyAccrualFund |
Aug 30, 2019 | $0.022 | DailyAccrualFund |
Jul 31, 2019 | $0.022 | DailyAccrualFund |
May 31, 2019 | $0.024 | DailyAccrualFund |
Apr 30, 2019 | $0.022 | DailyAccrualFund |
Mar 29, 2019 | $0.023 | DailyAccrualFund |
Feb 28, 2019 | $0.022 | DailyAccrualFund |
Jan 31, 2019 | $0.022 | DailyAccrualFund |
Dec 31, 2018 | $0.021 | DailyAccrualFund |
Nov 30, 2018 | $0.037 | DailyAccrualFund |
Oct 31, 2018 | $0.020 | DailyAccrualFund |
Aug 31, 2018 | $0.023 | DailyAccrualFund |
Jul 31, 2018 | $0.020 | DailyAccrualFund |
Jun 29, 2018 | $0.020 | DailyAccrualFund |
May 31, 2018 | $0.018 | DailyAccrualFund |
Apr 30, 2018 | $0.016 | DailyAccrualFund |
Mar 29, 2018 | $0.017 | DailyAccrualFund |
Feb 28, 2018 | $0.015 | DailyAccrualFund |
Jan 31, 2018 | $0.015 | DailyAccrualFund |
Dec 29, 2017 | $0.017 | DailyAccrualFund |
Nov 30, 2017 | $0.043 | DailyAccrualFund |
Oct 31, 2017 | $0.016 | DailyAccrualFund |
Sep 29, 2017 | $0.015 | DailyAccrualFund |
Aug 31, 2017 | $0.016 | DailyAccrualFund |
Jul 31, 2017 | $0.016 | DailyAccrualFund |
Jun 30, 2017 | $0.018 | DailyAccrualFund |
May 31, 2017 | $0.015 | DailyAccrualFund |
Apr 28, 2017 | $0.010 | DailyAccrualFund |
Mar 31, 2017 | $0.011 | DailyAccrualFund |
Feb 28, 2017 | $0.009 | DailyAccrualFund |
Jan 31, 2017 | $0.010 | DailyAccrualFund |
Dec 30, 2016 | $0.011 | DailyAccrualFund |
Nov 30, 2016 | $0.031 | DailyAccrualFund |
Oct 31, 2016 | $0.010 | DailyAccrualFund |
Sep 30, 2016 | $0.013 | DailyAccrualFund |
Aug 31, 2016 | $0.012 | DailyAccrualFund |
Jul 29, 2016 | $0.012 | DailyAccrualFund |
Jun 30, 2016 | $0.011 | DailyAccrualFund |
May 31, 2016 | $0.011 | DailyAccrualFund |
Apr 29, 2016 | $0.012 | DailyAccrualFund |
Mar 31, 2016 | $0.011 | DailyAccrualFund |
Feb 29, 2016 | $0.010 | DailyAccrualFund |
Jan 29, 2016 | $0.009 | DailyAccrualFund |
Dec 31, 2015 | $0.017 | DailyAccrualFund |
Nov 30, 2015 | $0.009 | DailyAccrualFund |
Oct 30, 2015 | $0.010 | DailyAccrualFund |
Sep 30, 2015 | $0.009 | DailyAccrualFund |
Aug 31, 2015 | $0.009 | DailyAccrualFund |
Jul 31, 2015 | $0.010 | DailyAccrualFund |
Jun 30, 2015 | $0.009 | DailyAccrualFund |
May 29, 2015 | $0.010 | DailyAccrualFund |
Apr 30, 2015 | $0.009 | DailyAccrualFund |
Mar 31, 2015 | $0.009 | DailyAccrualFund |
Feb 27, 2015 | $0.009 | DailyAccrualFund |
Jan 30, 2015 | $0.009 | DailyAccrualFund |
Dec 31, 2014 | $0.024 | DailyAccrualFund |
Nov 28, 2014 | $0.008 | DailyAccrualFund |
Oct 31, 2014 | $0.008 | DailyAccrualFund |
Sep 30, 2014 | $0.006 | DailyAccrualFund |
Aug 29, 2014 | $0.007 | DailyAccrualFund |
Jul 31, 2014 | $0.007 | DailyAccrualFund |
Jun 30, 2014 | $0.006 | DailyAccrualFund |
May 30, 2014 | $0.007 | DailyAccrualFund |
Apr 30, 2014 | $0.006 | DailyAccrualFund |
Mar 31, 2014 | $0.006 | DailyAccrualFund |
Feb 28, 2014 | $0.005 | DailyAccrualFund |
Jan 31, 2014 | $0.005 | DailyAccrualFund |
Dec 31, 2013 | $0.013 | DailyAccrualFund |
Nov 29, 2013 | $0.005 | DailyAccrualFund |
Oct 31, 2013 | $0.006 | DailyAccrualFund |
Sep 30, 2013 | $0.005 | DailyAccrualFund |
Aug 30, 2013 | $0.006 | DailyAccrualFund |
Jul 31, 2013 | $0.006 | DailyAccrualFund |
Jun 28, 2013 | $0.005 | DailyAccrualFund |
May 31, 2013 | $0.005 | DailyAccrualFund |
Apr 30, 2013 | $0.006 | DailyAccrualFund |
Mar 28, 2013 | $0.006 | DailyAccrualFund |
Feb 28, 2013 | $0.006 | DailyAccrualFund |
Jan 31, 2013 | $0.007 | DailyAccrualFund |
Dec 31, 2012 | $0.014 | DailyAccrualFund |
Nov 30, 2012 | $0.007 | DailyAccrualFund |
Oct 31, 2012 | $0.007 | DailyAccrualFund |
Sep 28, 2012 | $0.006 | DailyAccrualFund |
Aug 31, 2012 | $0.008 | DailyAccrualFund |
Jul 31, 2012 | $0.007 | DailyAccrualFund |
Jun 29, 2012 | $0.007 | DailyAccrualFund |
May 31, 2012 | $0.008 | DailyAccrualFund |
Apr 30, 2012 | $0.008 | DailyAccrualFund |
Mar 30, 2012 | $0.008 | DailyAccrualFund |
Feb 29, 2012 | $0.009 | DailyAccrualFund |
Jan 31, 2012 | $0.009 | DailyAccrualFund |
Dec 30, 2011 | $0.014 | DailyAccrualFund |
Nov 30, 2011 | $0.009 | DailyAccrualFund |
Oct 31, 2011 | $0.009 | DailyAccrualFund |
Sep 30, 2011 | $0.009 | DailyAccrualFund |
Aug 31, 2011 | $0.009 | DailyAccrualFund |
Jul 29, 2011 | $0.009 | DailyAccrualFund |
Jun 30, 2011 | $0.010 | DailyAccrualFund |
May 31, 2011 | $0.009 | DailyAccrualFund |
Apr 29, 2011 | $0.009 | DailyAccrualFund |
Mar 31, 2011 | $0.009 | DailyAccrualFund |
Feb 28, 2011 | $0.009 | DailyAccrualFund |
Jan 31, 2011 | $0.008 | DailyAccrualFund |
Dec 31, 2010 | $0.018 | DailyAccrualFund |
Nov 30, 2010 | $0.010 | DailyAccrualFund |
Oct 29, 2010 | $0.010 | DailyAccrualFund |
Sep 30, 2010 | $0.010 | DailyAccrualFund |
Aug 31, 2010 | $0.011 | DailyAccrualFund |
Jul 30, 2010 | $0.012 | DailyAccrualFund |
Jun 30, 2010 | $0.012 | DailyAccrualFund |
May 28, 2010 | $0.010 | DailyAccrualFund |
Apr 30, 2010 | $0.013 | DailyAccrualFund |
Mar 31, 2010 | $0.011 | DailyAccrualFund |
Feb 26, 2010 | $0.012 | DailyAccrualFund |
Jan 29, 2010 | $0.011 | DailyAccrualFund |
Dec 31, 2009 | $0.018 | DailyAccrualFund |
Nov 30, 2009 | $0.013 | DailyAccrualFund |
Oct 30, 2009 | $0.015 | DailyAccrualFund |
Sep 30, 2009 | $0.014 | DailyAccrualFund |
Aug 31, 2009 | $0.013 | DailyAccrualFund |
Jul 31, 2009 | $0.016 | DailyAccrualFund |
Jun 30, 2009 | $0.015 | DailyAccrualFund |
May 29, 2009 | $0.018 | DailyAccrualFund |
Apr 30, 2009 | $0.019 | DailyAccrualFund |
Mar 31, 2009 | $0.019 | DailyAccrualFund |
Feb 27, 2009 | $0.019 | DailyAccrualFund |
Jan 30, 2009 | $0.023 | DailyAccrualFund |
Dec 31, 2008 | $0.026 | DailyAccrualFund |
Nov 28, 2008 | $0.030 | DailyAccrualFund |
Oct 31, 2008 | $0.035 | DailyAccrualFund |
Sep 30, 2008 | $0.028 | DailyAccrualFund |
Aug 29, 2008 | $0.030 | DailyAccrualFund |
Jul 31, 2008 | $0.030 | DailyAccrualFund |
Jun 30, 2008 | $0.029 | DailyAccrualFund |
May 30, 2008 | $0.033 | DailyAccrualFund |
Apr 30, 2008 | $0.033 | DailyAccrualFund |
Mar 31, 2008 | $0.032 | DailyAccrualFund |
Feb 29, 2008 | $0.039 | DailyAccrualFund |
Jan 31, 2008 | $0.040 | DailyAccrualFund |
Dec 31, 2007 | $0.041 | DailyAccrualFund |
Nov 30, 2007 | $0.045 | DailyAccrualFund |
Oct 31, 2007 | $0.043 | DailyAccrualFund |
Sep 28, 2007 | $0.038 | DailyAccrualFund |
Aug 31, 2007 | $0.046 | DailyAccrualFund |
Jul 31, 2007 | $0.041 | DailyAccrualFund |
Jun 29, 2007 | $0.043 | DailyAccrualFund |
May 31, 2007 | $0.042 | DailyAccrualFund |
Apr 30, 2007 | $0.039 | DailyAccrualFund |
Mar 30, 2007 | $0.043 | DailyAccrualFund |
Feb 28, 2007 | $0.039 | DailyAccrualFund |
Jan 31, 2007 | $0.035 | DailyAccrualFund |
Dec 29, 2006 | $0.038 | DailyAccrualFund |
Nov 30, 2006 | $0.037 | DailyAccrualFund |
Oct 31, 2006 | $0.039 | DailyAccrualFund |
Sep 29, 2006 | $0.038 | DailyAccrualFund |
Aug 31, 2006 | $0.039 | DailyAccrualFund |
Jul 31, 2006 | $0.039 | DailyAccrualFund |
Jun 30, 2006 | $0.040 | DailyAccrualFund |
May 31, 2006 | $0.037 | DailyAccrualFund |
Apr 28, 2006 | $0.032 | DailyAccrualFund |
SBAYX - Fund Manager Analysis
Managers
S. Leech
Start Date
Tenure
Tenure Rank
Mar 31, 2014
8.17
8.2%
– Western Asset Management Company, LLC – Chief Investment Officer, 1990– – Greenwich Capital Markets – Portfolio Manager, 1988–1990 – The First Boston Corporation – Fixed Income Manager, 1980–1988 – National Bank of Detroit – Portfolio Manager, 1977–1980 – The Wharton School, University of Pennsylvania, M.B.A., B.S., B.A., summa cum laude, 1972–1976
John Bellows
Start Date
Tenure
Tenure Rank
Jun 30, 2016
5.92
5.9%
– Western Asset Management Company, LLC – Portfolio Manager, 2012- – U.S. Department of the Treasury – Acting Assistant Secretary for Economic Policy; Deputy Assistant Secretary for Microeconomic Analysis; Senior Advisor in the Office of Economic Policy, 2009-2011 – University of California, Berkeley, PhD Economics – Dartmouth College, B.A. Economics, magna cum laude – Chartered Financial Analyst
Nicholas Mastroianni
Start Date
Tenure
Tenure Rank
Sep 01, 2021
0.75
0.8%
Portfolio Manager and has been employed by Western Asset as an investment professional for at least the past five years
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 32.44 | 6.56 | 7.92 |