Morningstar

Western Asset Ultra-Short Income A ARMZX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.13  /  +0.01 %
  • Total Assets 434.7 Mil
  • Adj. Expense Ratio
    0.650%
  • Expense Ratio 0.650%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.61%
  • Effective Duration 0.47 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 12:58 AM GMT+0

Morningstar’s Analysis ARMZX

Will ARMZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ARMZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ARMZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of ARMZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Western Asset Ultra-Short Income A to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings ARMZX

More ARMZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Western Asset Prem Instl Govtt Rsrv Pref

4.57 20.2 Mil
Cash and Equivalents

United States Treasury Bills 0%

2.81 12.4 Mil
Government

Morgan Stanley 0.985%

1.68 7.4 Mil
Corporate

Wells Fargo & Co. 2.188%

1.39 6.2 Mil
Corporate

Bank of America Corp. 1.319%

1.26 5.6 Mil
Corporate

United States Treasury Bills 0%

1.26 5.6 Mil
Government

GM FINANCIAL REVOLVING RECEIVABLES TRUST 1.17%

1.16 5.1 Mil
Securitized

United States Treasury Notes 4.625%

1.09 4.8 Mil
Government

Goldman Sachs Group, Inc. 0.855%

1.00 4.4 Mil
Corporate

Canadian Imperial Bank of Commerce 5.01%

0.98 4.4 Mil
Cash and Equivalents

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