Western Asset Ultra-Short Income Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.1%
1 yr return
6.0%
3 Yr Avg Return
1.7%
5 Yr Avg Return
1.8%
Net Assets
$445 M
Holdings in Top 10
14.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.43%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 47.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
LWAIX - Profile
Distributions
- YTD Total Return 2.1%
- 3 Yr Annualized Total Return 1.7%
- 5 Yr Annualized Total Return 1.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.20%
- Dividend Yield 2.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Ultra-Short Income Fund
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateAug 01, 2012
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerS. Leech
Fund Description
LWAIX - Performance
Return Ranking - Trailing
Period | LWAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -1.4% | 3.8% | 47.69% |
1 Yr | 6.0% | -0.4% | 13.8% | 27.31% |
3 Yr | 1.7%* | -2.0% | 5.9% | 88.29% |
5 Yr | 1.8%* | -1.0% | 4.0% | 82.98% |
10 Yr | 1.4%* | -4.4% | 27.5% | 70.09% |
* Annualized
Return Ranking - Calendar
Period | LWAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -2.3% | 4.3% | 7.87% |
2022 | -2.9% | -6.5% | 0.5% | 70.81% |
2021 | -0.9% | -2.1% | 0.3% | 87.19% |
2020 | 1.2% | -3.1% | 1.8% | 3.61% |
2019 | 1.0% | -1.2% | 6.1% | 19.57% |
Total Return Ranking - Trailing
Period | LWAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -1.4% | 3.8% | 47.69% |
1 Yr | 6.0% | -0.4% | 13.8% | 27.31% |
3 Yr | 1.7%* | -2.0% | 5.9% | 88.29% |
5 Yr | 1.8%* | -1.0% | 4.0% | 82.98% |
10 Yr | 1.4%* | -4.4% | 27.5% | 70.09% |
* Annualized
Total Return Ranking - Calendar
Period | LWAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.9% | 0.8% | 12.1% | 42.59% |
2022 | -1.7% | -5.1% | 2.5% | 87.08% |
2021 | -0.6% | -2.1% | 14.5% | 96.06% |
2020 | 2.6% | -1.0% | 3.6% | 17.53% |
2019 | 3.2% | 0.3% | 9.6% | 40.22% |
NAV & Total Return History
LWAIX - Holdings
Concentration Analysis
LWAIX | Category Low | Category High | LWAIX % Rank | |
---|---|---|---|---|
Net Assets | 445 M | 25.6 K | 22.6 B | 64.81% |
Number of Holdings | 447 | 2 | 1291 | 20.37% |
Net Assets in Top 10 | 61.2 M | 23.7 K | 17.3 B | 70.83% |
Weighting of Top 10 | 14.18% | 5.6% | 163.3% | 75.00% |
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 | LWAIX % Rank | |
---|---|---|---|---|
Bonds | 88.30% | 0.00% | 128.16% | 35.65% |
Other | 7.95% | -7.74% | 99.94% | 52.31% |
Cash | 3.76% | 0.00% | 109.89% | 53.24% |
Convertible Bonds | 2.66% | 0.00% | 15.25% | 52.09% |
Stocks | 0.00% | 0.00% | 95.95% | 42.59% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 29.17% |
Bond Sector Breakdown
Weighting | Return Low | Return High | LWAIX % Rank | |
---|---|---|---|---|
Corporate | 46.91% | 0.00% | 99.91% | 37.21% |
Securitized | 34.86% | 0.00% | 100.00% | 33.02% |
Government | 8.81% | 0.00% | 100.00% | 32.56% |
Cash & Equivalents | 3.52% | 0.00% | 109.89% | 50.46% |
Municipal | 0.05% | 0.00% | 70.39% | 37.67% |
Derivative | -0.07% | -7.49% | 21.59% | 77.78% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | LWAIX % Rank | |
---|---|---|---|---|
US | 88.30% | 0.00% | 128.16% | 35.65% |
Non US | 0.00% | 0.00% | 22.24% | 40.28% |
LWAIX - Expenses
Operational Fees
LWAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.43% | 0.02% | 29.63% | 5.61% |
Management Fee | 0.30% | 0.00% | 1.19% | 66.67% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 97.65% |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
LWAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | 1.00% | 0.25% | 1.00% | 42.86% |
Trading Fees
LWAIX 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.
LWAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 47.00% | 0.00% | 369.54% | 20.88% |
LWAIX - Distributions
Dividend Yield Analysis
LWAIX | Category Low | Category High | LWAIX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.88% | 0.00% | 8.78% | 95.83% |
Dividend Distribution Analysis
LWAIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
LWAIX | Category Low | Category High | LWAIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.20% | -1.30% | 14.86% | 96.15% |
Capital Gain Distribution Analysis
LWAIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.022 | DailyAccrualFund |
Mar 28, 2024 | $0.022 | DailyAccrualFund |
Feb 29, 2024 | $0.020 | DailyAccrualFund |
Jan 31, 2024 | $0.021 | DailyAccrualFund |
Dec 29, 2023 | $0.023 | DailyAccrualFund |
Nov 30, 2023 | $0.024 | DailyAccrualFund |
Oct 31, 2023 | $0.020 | DailyAccrualFund |
Sep 29, 2023 | $0.019 | DailyAccrualFund |
Aug 31, 2023 | $0.022 | DailyAccrualFund |
Jul 31, 2023 | $0.019 | DailyAccrualFund |
Jun 30, 2023 | $0.021 | DailyAccrualFund |
May 31, 2023 | $0.019 | DailyAccrualFund |
Apr 28, 2023 | $0.017 | DailyAccrualFund |
Mar 31, 2023 | $0.020 | DailyAccrualFund |
Feb 28, 2023 | $0.016 | DailyAccrualFund |
Jan 31, 2023 | $0.016 | DailyAccrualFund |
Dec 30, 2022 | $0.018 | DailyAccrualFund |
Nov 30, 2022 | $0.018 | DailyAccrualFund |
Oct 31, 2022 | $0.013 | DailyAccrualFund |
Sep 30, 2022 | $0.013 | DailyAccrualFund |
Aug 31, 2022 | $0.011 | DailyAccrualFund |
Jul 29, 2022 | $0.009 | DailyAccrualFund |
Jun 30, 2022 | $0.007 | DailyAccrualFund |
May 31, 2022 | $0.006 | DailyAccrualFund |
Apr 29, 2022 | $0.004 | DailyAccrualFund |
Mar 31, 2022 | $0.003 | DailyAccrualFund |
Feb 28, 2022 | $0.002 | DailyAccrualFund |
Jan 31, 2022 | $0.002 | DailyAccrualFund |
Dec 31, 2021 | $0.002 | DailyAccrualFund |
Nov 30, 2021 | $0.002 | DailyAccrualFund |
Oct 29, 2021 | $0.000 | DailyAccrualFund |
Sep 30, 2021 | $0.001 | DailyAccrualFund |
Aug 31, 2021 | $0.001 | DailyAccrualFund |
Jul 30, 2021 | $0.001 | DailyAccrualFund |
Jun 30, 2021 | $0.000 | DailyAccrualFund |
May 28, 2021 | $0.001 | DailyAccrualFund |
Apr 30, 2021 | $0.002 | DailyAccrualFund |
Mar 31, 2021 | $0.002 | DailyAccrualFund |
Feb 26, 2021 | $0.003 | DailyAccrualFund |
Jan 29, 2021 | $0.003 | DailyAccrualFund |
Dec 31, 2020 | $0.005 | DailyAccrualFund |
Nov 30, 2020 | $0.042 | DailyAccrualFund |
Oct 30, 2020 | $0.003 | DailyAccrualFund |
Sep 30, 2020 | $0.002 | DailyAccrualFund |
Aug 31, 2020 | $0.002 | DailyAccrualFund |
Jul 31, 2020 | $0.006 | DailyAccrualFund |
Jun 30, 2020 | $0.005 | DailyAccrualFund |
May 29, 2020 | $0.007 | DailyAccrualFund |
Apr 30, 2020 | $0.010 | DailyAccrualFund |
Mar 31, 2020 | $0.011 | DailyAccrualFund |
Feb 28, 2020 | $0.009 | DailyAccrualFund |
Jan 31, 2020 | $0.010 | DailyAccrualFund |
Dec 31, 2019 | $0.010 | DailyAccrualFund |
Nov 29, 2019 | $0.046 | DailyAccrualFund |
Oct 31, 2019 | $0.011 | DailyAccrualFund |
Sep 30, 2019 | $0.011 | DailyAccrualFund |
Aug 30, 2019 | $0.013 | DailyAccrualFund |
Jul 31, 2019 | $0.014 | DailyAccrualFund |
May 31, 2019 | $0.016 | DailyAccrualFund |
Apr 30, 2019 | $0.015 | DailyAccrualFund |
Mar 29, 2019 | $0.015 | DailyAccrualFund |
Feb 28, 2019 | $0.015 | DailyAccrualFund |
Jan 31, 2019 | $0.015 | DailyAccrualFund |
Dec 31, 2018 | $0.013 | DailyAccrualFund |
Nov 30, 2018 | $0.028 | DailyAccrualFund |
Oct 31, 2018 | $0.013 | DailyAccrualFund |
Aug 31, 2018 | $0.014 | DailyAccrualFund |
Jul 31, 2018 | $0.013 | DailyAccrualFund |
Jun 29, 2018 | $0.012 | DailyAccrualFund |
May 31, 2018 | $0.009 | DailyAccrualFund |
Apr 30, 2018 | $0.008 | DailyAccrualFund |
Mar 29, 2018 | $0.009 | DailyAccrualFund |
Feb 28, 2018 | $0.009 | DailyAccrualFund |
Jan 31, 2018 | $0.008 | DailyAccrualFund |
Dec 29, 2017 | $0.008 | DailyAccrualFund |
Nov 30, 2017 | $0.035 | DailyAccrualFund |
Oct 31, 2017 | $0.008 | DailyAccrualFund |
Sep 29, 2017 | $0.008 | DailyAccrualFund |
Aug 31, 2017 | $0.008 | DailyAccrualFund |
Jul 31, 2017 | $0.008 | DailyAccrualFund |
Jun 30, 2017 | $0.010 | DailyAccrualFund |
May 31, 2017 | $0.007 | DailyAccrualFund |
Apr 28, 2017 | $0.003 | DailyAccrualFund |
Mar 31, 2017 | $0.003 | DailyAccrualFund |
Feb 28, 2017 | $0.003 | DailyAccrualFund |
Jan 31, 2017 | $0.003 | DailyAccrualFund |
Dec 30, 2016 | $0.003 | DailyAccrualFund |
Nov 30, 2016 | $0.024 | DailyAccrualFund |
Oct 31, 2016 | $0.003 | DailyAccrualFund |
Sep 30, 2016 | $0.005 | DailyAccrualFund |
Aug 31, 2016 | $0.004 | DailyAccrualFund |
Jul 29, 2016 | $0.004 | DailyAccrualFund |
Jun 30, 2016 | $0.004 | DailyAccrualFund |
May 31, 2016 | $0.003 | DailyAccrualFund |
Apr 29, 2016 | $0.004 | DailyAccrualFund |
Mar 31, 2016 | $0.004 | DailyAccrualFund |
Feb 29, 2016 | $0.003 | DailyAccrualFund |
Jan 29, 2016 | $0.002 | DailyAccrualFund |
Dec 31, 2015 | $0.002 | DailyAccrualFund |
Dec 29, 2015 | $0.027 | ExtraDividend |
Nov 30, 2015 | $0.002 | DailyAccrualFund |
Oct 30, 2015 | $0.002 | DailyAccrualFund |
Sep 30, 2015 | $0.002 | DailyAccrualFund |
Aug 31, 2015 | $0.002 | DailyAccrualFund |
Jul 31, 2015 | $0.002 | DailyAccrualFund |
Jun 30, 2015 | $0.002 | DailyAccrualFund |
May 29, 2015 | $0.002 | DailyAccrualFund |
Apr 30, 2015 | $0.002 | DailyAccrualFund |
Mar 31, 2015 | $0.002 | DailyAccrualFund |
Feb 27, 2015 | $0.001 | DailyAccrualFund |
Dec 31, 2014 | $0.014 | DailyAccrualFund |
Dec 31, 2013 | $0.008 | DailyAccrualFund |
Feb 28, 2013 | $0.000 | DailyAccrualFund |
Dec 31, 2012 | $0.007 | DailyAccrualFund |
Nov 30, 2012 | $0.000 | DailyAccrualFund |
Oct 31, 2012 | $0.000 | DailyAccrualFund |
Aug 31, 2012 | $0.000 | DailyAccrualFund |
LWAIX - 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 |