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Western Asset Short Duration High Inc A (SHIAX)

6.44 0.00(0.00%) Jul 22

Profile as of Jun 29, 2014Get Profile for:
Western Asset Short Duration High Inc A
Legg Mason & Co., LLC55 Water Street, 32nd FloorNew York, NY 10004
Map
Phone: 877-721-1926
Fund Overview 
Category:High Yield Bond
Fund Family:Legg Mason
Net Assets:1.53B
Year-to-Date Return:4.16%
Yield:6.05%
Morningstar Rating:3 stars
Fund Inception Date:Nov 6, 1992
Morningstar Style Box 
High Yield Bond
[View Category Definition]
View Top High Yield Bond Funds
About the Morningstar Style Box
Management Information 
Michael C. Buchanan
Lead Manager since Feb 10, 2006
Michael Buchanan, Managing Director, is head of US credit products, a senior member of the Core Fixed Income team and a member of the Global Credit Committee. He joined in 2003 from Janus Capital Management, where he was an Executive Vice President and managed high yield portfolios. Previously, he was a Managing Director at BlackRock Financial Management, where he was a senior high yield portfolio manager and a member of the firm’s investment strategy group; and a Vice President at Conseco Capital Management, where he managed high yield portfolios and was responsible for the trading of high yield debt, bank loans and emerging market debt. Mr. Buchanan holds a BA in business economics and organizational behavior/management from Brown University. He is a CFA charterholder.
Investment Information 
Min Initial Investment:1,000
Min Initial Investment, IRA:250
Min Initial Investment, AIP:50
Min Subsequent Investment:50
Min Subsequent Investment, IRA:50
Min Subsequent Investment, AIP:50
SHIAX can be purchased from 108 brokerages.

Fund Summary 
The investment seeks high current income. 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 "junk bonds." Its investments may include, but will not be limited to, high yield corporate debt securities and adjustable rate bank loans. The fund may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio and for other purposes.

Fund Operations 
Last Dividend (Jun 29, 2014) : 0.03
Last Cap Gain : 0.00
Annual Holdings Turnover (Jul 20, 2014) : 117.00%
Average for Category:67.81%
Fees & Expenses 
ExpenseSHIAXCategory Avg
Annual Report Expense Ratio (net):0.98%1.10%
Prospectus Net Expense Ratio:0.95%N/A
Prospectus Gross Expense Ratio:0.95%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:2.25%4.18%
Max Deferred Sales Load: N/A2.21%
3 Yr Expense Projection*:522538
5 Yr Expense Projection*:740865
10 Yr Expense Projection*:1,3661,772
* Per $10,000 invested