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Trending ETFs

Western Asset Short Duration High Income Fund

mutual fund
SHIYX
Payout Change
Pending
Price as of:
$4.79 -0.01 -0.21%
primary theme
High Yield Bond
SHIYX (Mutual Fund)

Western Asset Short Duration High Income Fund

Payout Change
Pending
Price as of:
$4.79 -0.01 -0.21%
primary theme
High Yield Bond
SHIYX (Mutual Fund)

Western Asset Short Duration High Income Fund

Payout Change
Pending
Price as of:
$4.79 -0.01 -0.21%
primary theme
High Yield Bond

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$4.79

$460 M

8.23%

$0.39

0.73%

Vitals

YTD Return

3.7%

1 yr return

9.4%

3 Yr Avg Return

2.9%

5 Yr Avg Return

4.2%

Net Assets

$460 M

Holdings in Top 10

10.5%

52 WEEK LOW AND HIGH

$4.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.73%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 88.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

$1,000,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$4.79

$460 M

8.23%

$0.39

0.73%

SHIYX - Profile

Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.69%
DIVIDENDS
  • Dividend Yield 8.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Western Asset Short Duration High Income Fund
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    Nov 19, 1998
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Buchanan

Fund Description

Under normal circumstances, the fund invests at least 80% of its assets in high yield debt securities. High yield securities are rated below investment grade (that is, securities rated below the Baa/BBB categories, or, if unrated, determined to be of comparable credit quality by the subadviser) and are commonly known as “high yield” or “junk” bonds.
The fund’s investments may include, but will not be limited to, high yield corporate debt securities and adjustable rate bank loans.
Although the fund may invest in securities of any maturity, the fund normally expects to maintain a dollar-weighted average effective duration, as estimated by the subadviser, of three years or less. Effective duration seeks to measure the expected sensitivity of market price to changes in interest rates, taking into account the anticipated effects of particular features of a security (for example, some bonds can be prepaid by the issuer).
Subject to its 80% investment policy, the fund may also invest in investment grade fixed income securities, including, but not limited to, corporate debt securities, mortgage- and asset-backed securities and securities issued by foreign issuers, including securities issued by issuers in emerging market countries. The fund’s investments in foreign securities may either be denominated in U.S. dollars or foreign currencies.
Instead of, and/or in addition to, investing directly in particular securities, the fund may use instruments such as derivatives, including options, forwards, interest rate swaps and other swaps (including buying and selling credit default swaps and options on credit default swaps), foreign currency futures, forwards and options, and futures contracts, and other synthetic instruments that are intended to provide economic exposure to the securities or the issuer or to be used as a hedging technique. The fund may use one or more types of these instruments without limit, subject to applicable regulatory requirements. For additional information regarding derivatives, see “More on the fund’s investment strategies, investments and risks—Derivatives” in the Prospectus. These instruments are taken into account when determining compliance with the fund’s 80% policy.
The fund may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio (such as shortening or lengthening duration) and for other purposes.
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SHIYX - Performance

Return Ranking - Trailing

Period SHIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -6.6% 8.3% 15.01%
1 Yr 9.4% -5.7% 19.2% 50.55%
3 Yr 2.9%* -16.2% 20.1% 16.01%
5 Yr 4.2%* -11.7% 37.1% 20.91%
10 Yr 3.2%* -5.2% 19.5% 56.21%

* Annualized

Return Ranking - Calendar

Period SHIYX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -4.7% 14.3% 93.03%
2022 -11.7% -33.4% 3.6% 12.16%
2021 1.3% -8.4% 8.2% 19.00%
2020 -1.3% -13.2% 302.7% 74.27%
2019 4.7% -4.4% 13.3% 85.71%

Total Return Ranking - Trailing

Period SHIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -6.6% 8.3% 15.01%
1 Yr 9.4% -5.7% 19.2% 50.55%
3 Yr 2.9%* -16.2% 20.1% 16.01%
5 Yr 4.2%* -11.7% 37.1% 20.91%
10 Yr 3.2%* -5.2% 19.5% 56.21%

* Annualized

Total Return Ranking - Calendar

Period SHIYX Return Category Return Low Category Return High Rank in Category (%)
2023 11.4% -4.7% 18.7% 65.61%
2022 -5.8% -33.4% 47.8% 9.44%
2021 6.9% -8.4% 12.4% 14.00%
2020 4.8% -9.6% 325.6% 62.61%
2019 11.0% -3.8% 19.4% 82.89%

NAV & Total Return History


SHIYX - Holdings

Concentration Analysis

SHIYX Category Low Category High SHIYX % Rank
Net Assets 460 M 1.45 M 23.6 B 55.45%
Number of Holdings 379 2 2888 46.35%
Net Assets in Top 10 46.7 M -492 M 5.26 B 66.83%
Weighting of Top 10 10.51% 4.2% 164.1% 76.67%

Top 10 Holdings

  1. Western Asset Premier Institutional Government Reserves 1.88%
  2. Royal Caribbean Cruises Ltd 1.13%
  3. Teva Pharmaceutical Finance Netherlands III BV 1.07%
  4. Carnival Corp 1.03%
  5. Viking Cruises Ltd 1.01%
  6. NCL Corp Ltd 0.93%
  7. Ford Motor Credit Co LLC 0.92%
  8. Carnival Holdings Bermuda Ltd 0.87%
  9. LifePoint Health Inc 0.85%
  10. Global Aircraft Leasing Co Ltd 0.83%

Asset Allocation

Weighting Return Low Return High SHIYX % Rank
Bonds
97.49% -0.88% 154.38% 22.59%
Cash
2.17% -52.00% 48.07% 73.81%
Convertible Bonds
2.07% 0.00% 17.89% 22.54%
Other
0.30% -63.70% 100.29% 23.17%
Stocks
0.04% 0.00% 99.58% 66.51%
Preferred Stocks
0.00% 0.00% 7.88% 93.17%

Stock Sector Breakdown

Weighting Return Low Return High SHIYX % Rank
Financial Services
83.96% 0.00% 100.00% 6.84%
Consumer Cyclical
15.35% 0.00% 100.00% 17.66%
Energy
0.69% 0.00% 100.00% 70.09%
Utilities
0.00% 0.00% 100.00% 88.89%
Technology
0.00% 0.00% 33.17% 92.88%
Real Estate
0.00% 0.00% 86.71% 90.60%
Industrials
0.00% 0.00% 93.12% 93.16%
Healthcare
0.00% 0.00% 22.17% 90.03%
Communication Services
0.00% 0.00% 99.99% 95.73%
Consumer Defense
0.00% 0.00% 100.00% 88.60%
Basic Materials
0.00% 0.00% 100.00% 90.03%

Stock Geographic Breakdown

Weighting Return Low Return High SHIYX % Rank
Non US
0.03% -0.01% 0.83% 9.52%
US
0.01% 0.00% 99.58% 68.89%

Bond Sector Breakdown

Weighting Return Low Return High SHIYX % Rank
Corporate
87.35% 0.00% 100.00% 85.85%
Securitized
7.02% 0.00% 97.24% 6.52%
Cash & Equivalents
1.88% 0.00% 48.07% 66.19%
Government
0.24% 0.00% 99.07% 25.44%
Municipal
0.00% 0.00% 1.17% 87.28%
Derivative
0.00% -14.70% 42.26% 85.24%

Bond Geographic Breakdown

Weighting Return Low Return High SHIYX % Rank
US
97.40% -0.88% 129.21% 16.03%
Non US
0.09% 0.00% 98.19% 39.84%

SHIYX - Expenses

Operational Fees

SHIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.02% 38.33% 72.58%
Management Fee 0.55% 0.00% 1.84% 52.85%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

SHIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SHIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

SHIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 88.00% 1.00% 255.00% 81.49%

SHIYX - Distributions

Dividend Yield Analysis

SHIYX Category Low Category High SHIYX % Rank
Dividend Yield 8.23% 0.00% 11.76% 6.62%

Dividend Distribution Analysis

SHIYX Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

SHIYX Category Low Category High SHIYX % Rank
Net Income Ratio 4.69% -2.39% 14.30% 34.09%

Capital Gain Distribution Analysis

SHIYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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SHIYX - Fund Manager Analysis

Managers

Michael Buchanan


Start Date

Tenure

Tenure Rank

Feb 10, 2006

16.31

16.3%

– Western Asset Management Company, LLC – Deputy Chief Investment Officer, 2005– – Credit Suisse Asset Management – Managing Director, Head of U.S. Credit Products, 2003–2005 – Janus Capital Management – Executive Vice President, Portfolio Manager, 2003 – BlackRock Financial Management – Managing Director, Portfolio Manager, 1998–2003 – Conseco Capital Management – Vice President, Portfolio Manager, 1990–1998 – Brown University, B.A. – Chartered Financial Analyst

Walter Kilcullen


Start Date

Tenure

Tenure Rank

Sep 01, 2012

9.75

9.8%

-Western Asset Management Company, LLC - Head of US High Yield, 2002-Present -Seix Investment Advisors - Head High Yield Trader, 1998-2002 -University of Massachusetts, Amherst, B.A. Economics

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
0.13 37.79 7.17 8.17