Western Asset Short Duration Municipal Income Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.2%
1 yr return
2.5%
3 Yr Avg Return
0.1%
5 Yr Avg Return
1.0%
Net Assets
$398 M
Holdings in Top 10
20.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.35%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 30.00%
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 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SHDSX - Profile
Distributions
- YTD Total Return -0.2%
- 3 Yr Annualized Total Return 0.1%
- 5 Yr Annualized Total Return 1.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.16%
- Dividend Yield 2.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Short Duration Municipal Income Fund
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateSep 15, 2017
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Fare
Fund Description
SHDSX - Performance
Return Ranking - Trailing
Period | SHDSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.2% | -5.5% | 7.2% | 13.24% |
1 Yr | 2.5% | -5.8% | 31.1% | 37.99% |
3 Yr | 0.1%* | -11.6% | 2.6% | 7.43% |
5 Yr | 1.0%* | -6.4% | 1101.7% | 31.08% |
10 Yr | N/A* | -0.5% | 248.1% | 90.73% |
* Annualized
Return Ranking - Calendar
Period | SHDSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.6% | -1.4% | 41.0% | 84.52% |
2022 | -4.5% | -39.7% | 0.3% | 7.19% |
2021 | -0.8% | -5.6% | 6.9% | 63.88% |
2020 | 1.2% | -2.6% | 310.0% | 75.70% |
2019 | 1.4% | 0.0% | 26.0% | 95.13% |
Total Return Ranking - Trailing
Period | SHDSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.2% | -5.5% | 7.2% | 13.24% |
1 Yr | 2.5% | -5.8% | 31.1% | 37.99% |
3 Yr | 0.1%* | -11.6% | 2.6% | 7.43% |
5 Yr | 1.0%* | -6.4% | 1101.7% | 31.08% |
10 Yr | N/A* | -0.5% | 248.1% | 90.24% |
* Annualized
Total Return Ranking - Calendar
Period | SHDSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.0% | -1.3% | 41.0% | 83.54% |
2022 | -3.0% | -39.7% | 1.1% | 6.20% |
2021 | 0.5% | -4.8% | 23761504.0% | 75.70% |
2020 | 2.4% | -1.5% | 17057.9% | 85.81% |
2019 | 3.2% | 0.2% | 3514.6% | 92.06% |
NAV & Total Return History
SHDSX - Holdings
Concentration Analysis
SHDSX | Category Low | Category High | SHDSX % Rank | |
---|---|---|---|---|
Net Assets | 398 M | 3.22 M | 71.9 B | 53.37% |
Number of Holdings | 161 | 2 | 13067 | 69.84% |
Net Assets in Top 10 | 81.2 M | -317 M | 3.56 B | 49.45% |
Weighting of Top 10 | 20.42% | 2.0% | 100.4% | 37.44% |
Top 10 Holdings
- Kentucky Public Energy Authority 3.81%
- Tennessee Energy Acquisition Corp 2.38%
- New York City Housing Development Corp 2.11%
- Long Island Power Authority 2.02%
- Indianapolis Local Public Improvement Bond Bank 1.89%
- State of Connecticut 1.87%
- Chandler Industrial Development Authority 1.81%
- Lancaster Port Authority 1.55%
- City of Los Angeles Department of Airports 1.54%
- Cypress-Fairbanks Independent School District 1.44%
Asset Allocation
Weighting | Return Low | Return High | SHDSX % Rank | |
---|---|---|---|---|
Bonds | 99.72% | 0.00% | 150.86% | 17.85% |
Cash | 0.29% | -50.86% | 50.09% | 83.17% |
Stocks | 0.00% | 0.00% | 99.81% | 87.06% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 85.89% |
Other | 0.00% | -3.18% | 33.35% | 82.27% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 85.83% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SHDSX % Rank | |
---|---|---|---|---|
Municipal | 100.00% | 44.39% | 100.00% | 8.84% |
Derivative | 0.00% | -3.18% | 23.38% | 81.49% |
Cash & Equivalents | 0.00% | 0.00% | 48.02% | 94.30% |
Securitized | 0.00% | 0.00% | 5.93% | 86.55% |
Corporate | 0.00% | 0.00% | 9.41% | 87.00% |
Government | 0.00% | 0.00% | 52.02% | 86.68% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SHDSX % Rank | |
---|---|---|---|---|
US | 99.72% | 0.00% | 142.23% | 16.05% |
Non US | 0.00% | 0.00% | 23.89% | 88.28% |
SHDSX - Expenses
Operational Fees
SHDSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.35% | 0.01% | 20.65% | 92.61% |
Management Fee | 0.30% | 0.00% | 1.20% | 17.27% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
SHDSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
SHDSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
SHDSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 30.00% | 0.00% | 283.00% | 79.17% |
SHDSX - Distributions
Dividend Yield Analysis
SHDSX | Category Low | Category High | SHDSX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.37% | 0.00% | 14.58% | 78.85% |
Dividend Distribution Analysis
SHDSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
SHDSX | Category Low | Category High | SHDSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.16% | -0.53% | 5.33% | 82.97% |
Capital Gain Distribution Analysis
SHDSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.010 | OrdinaryDividend |
Feb 29, 2024 | $0.009 | OrdinaryDividend |
Jan 31, 2024 | $0.009 | DailyAccrualFund |
Dec 29, 2023 | $0.010 | DailyAccrualFund |
Nov 30, 2023 | $0.009 | DailyAccrualFund |
Oct 31, 2023 | $0.009 | DailyAccrualFund |
Sep 29, 2023 | $0.010 | DailyAccrualFund |
Aug 31, 2023 | $0.010 | DailyAccrualFund |
Jul 31, 2023 | $0.009 | DailyAccrualFund |
Jun 30, 2023 | $0.009 | DailyAccrualFund |
May 31, 2023 | $0.009 | DailyAccrualFund |
Apr 28, 2023 | $0.008 | OrdinaryDividend |
Mar 31, 2023 | $0.009 | DailyAccrualFund |
Feb 28, 2023 | $0.008 | DailyAccrualFund |
Jan 31, 2023 | $0.008 | DailyAccrualFund |
Dec 30, 2022 | $0.009 | DailyAccrualFund |
Nov 30, 2022 | $0.008 | DailyAccrualFund |
Oct 31, 2022 | $0.007 | DailyAccrualFund |
Sep 30, 2022 | $0.006 | DailyAccrualFund |
Aug 31, 2022 | $0.006 | DailyAccrualFund |
Jul 29, 2022 | $0.006 | DailyAccrualFund |
Jun 30, 2022 | $0.005 | DailyAccrualFund |
May 31, 2022 | $0.004 | DailyAccrualFund |
Apr 29, 2022 | $0.005 | DailyAccrualFund |
Mar 31, 2022 | $0.005 | DailyAccrualFund |
Feb 28, 2022 | $0.004 | DailyAccrualFund |
Jan 31, 2022 | $0.004 | DailyAccrualFund |
Dec 31, 2021 | $0.005 | DailyAccrualFund |
Nov 30, 2021 | $0.004 | DailyAccrualFund |
Oct 29, 2021 | $0.005 | DailyAccrualFund |
Sep 30, 2021 | $0.005 | DailyAccrualFund |
Aug 31, 2021 | $0.005 | DailyAccrualFund |
Jul 30, 2021 | $0.005 | DailyAccrualFund |
Jun 30, 2021 | $0.005 | DailyAccrualFund |
May 28, 2021 | $0.005 | DailyAccrualFund |
Apr 30, 2021 | $0.006 | DailyAccrualFund |
Mar 31, 2021 | $0.006 | DailyAccrualFund |
Feb 26, 2021 | $0.005 | DailyAccrualFund |
Jan 29, 2021 | $0.005 | DailyAccrualFund |
Dec 31, 2020 | $0.007 | DailyAccrualFund |
Nov 30, 2020 | $0.006 | DailyAccrualFund |
Oct 30, 2020 | $0.006 | DailyAccrualFund |
Sep 30, 2020 | $0.006 | DailyAccrualFund |
Aug 31, 2020 | $0.006 | OrdinaryDividend |
Jul 31, 2020 | $0.007 | OrdinaryDividend |
Jun 30, 2020 | $0.007 | OrdinaryDividend |
May 29, 2020 | $0.007 | OrdinaryDividend |
Apr 30, 2020 | $0.007 | OrdinaryDividend |
Mar 31, 2020 | $0.008 | OrdinaryDividend |
Feb 28, 2020 | $0.007 | OrdinaryDividend |
Jan 31, 2020 | $0.008 | OrdinaryDividend |
Dec 31, 2019 | $0.008 | DailyAccrualFund |
Nov 29, 2019 | $0.008 | DailyAccrualFund |
Oct 31, 2019 | $0.008 | DailyAccrualFund |
Sep 30, 2019 | $0.007 | DailyAccrualFund |
Aug 30, 2019 | $0.009 | DailyAccrualFund |
Jul 31, 2019 | $0.008 | DailyAccrualFund |
Jun 28, 2019 | $0.007 | OrdinaryDividend |
May 31, 2019 | $0.009 | DailyAccrualFund |
Apr 30, 2019 | $0.008 | DailyAccrualFund |
Mar 29, 2019 | $0.008 | DailyAccrualFund |
Feb 28, 2019 | $0.007 | DailyAccrualFund |
Jan 31, 2019 | $0.007 | DailyAccrualFund |
Dec 31, 2018 | $0.007 | DailyAccrualFund |
Nov 30, 2018 | $0.008 | DailyAccrualFund |
Oct 31, 2018 | $0.007 | DailyAccrualFund |
Aug 31, 2018 | $0.008 | DailyAccrualFund |
Jul 31, 2018 | $0.006 | DailyAccrualFund |
Jun 29, 2018 | $0.007 | DailyAccrualFund |
May 31, 2018 | $0.007 | DailyAccrualFund |
Apr 30, 2018 | $0.007 | DailyAccrualFund |
Mar 29, 2018 | $0.007 | DailyAccrualFund |
Feb 28, 2018 | $0.006 | DailyAccrualFund |
Jan 31, 2018 | $0.006 | DailyAccrualFund |
Dec 29, 2017 | $0.007 | DailyAccrualFund |
Nov 30, 2017 | $0.006 | DailyAccrualFund |
Oct 31, 2017 | $0.006 | DailyAccrualFund |
Sep 29, 2017 | $0.003 | DailyAccrualFund |
SHDSX - Fund Manager Analysis
Managers
David Fare
Start Date
Tenure
Tenure Rank
Mar 17, 2003
19.22
19.2%
David T. Fare is a Portfolio Manager at Western Asset. He has been with Western Asset since 2005.
Robert Amodeo
Start Date
Tenure
Tenure Rank
May 17, 2007
15.05
15.1%
– Western Asset Management Company, LLC – Head of Municipals, 2005- – Salomon Brothers Asset Management – Analyst to Managing Director, Portfolio Manager, 1992-2005 – Salomon Brothers Inc. – Accountant to Analyst, 1988-1992 – The Bank of New York – Accountant, 1987-1988 – Columbia University, M.P.A., Advanced Management and Finance – Long Island University, B.S. – Chartered Financial Analyst
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
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |