Western Asset Short Duration Municipal Income Fund Class A (SHDAX)
| Fund Assets | 312.83M |
| Expense Ratio | 0.55% |
| Min. Investment | $1,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.12 |
| Dividend Yield | 2.32% |
| Dividend Growth | 15.46% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 5.04 |
| YTD Return | 1.41% |
| 1-Year Return | 3.41% |
| 5-Year Return | 5.07% |
| 52-Week Low | 4.95 |
| 52-Week High | 5.05 |
| Beta (5Y) | 0.09 |
| Holdings | 148 |
| Inception Date | Mar 17, 2003 |
About SHDAX
The Western Asset Short Duration Municipal Income Fund is a mutual fund primarily focused on providing investors with high current income that is exempt from regular federal income tax, while aiming to preserve capital. Under normal circumstances, the fund invests at least 80% of its assets in municipal securities, making it particularly relevant for investors seeking tax advantages associated with municipal bonds. The fund targets an average portfolio duration of three years or less, positioning it within the short duration segment of the municipal bond market. This strategy helps mitigate interest rate risk compared to longer-term funds and is designed to be suitable for individuals looking to generate income with a focus on lower volatility. The fund follows a sector rotation and issuer selection approach, engaging with a diversified range of municipal issuers. As an investment vehicle, it serves as a tool for inclusion in portfolios that require income generation through tax-advantaged municipal securities, responding to market interest rate conditions and contributing to the broader municipal bond investment landscape.
Performance
SHDAX had a total return of 3.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.19%.
Top 10 Holdings
22.26% of assets| Name | Symbol | Weight |
|---|---|---|
| TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX 5% | NY.TRBTRN 5 03.15.2029 | 3.12% |
| TENNESSEE ENERGY ACQUISITION CORP GAS REV 4% | TN.TNSUTL 11.01.2049 | 3.05% |
| NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 0.6% | NY.NYCMFH 05.01.2061 | 2.40% |
| INDIANAPOLIS IND LOC PUB IMPT BD BK 5% | IN.INPGEN 5 01.01.2029 | 2.36% |
| CONNECTICUT ST 4% | CT.CTS 4 08.15.2030 | 2.35% |
| DENVER COLO CITY & CNTY ARPT REV 5% | CO.DENAPT 5 12.01.2031 | 2.17% |
| LONG IS PWR AUTH N Y ELEC SYS REV 5% | NY.LSLPWR 09.01.2052 | 1.86% |
| NEW JERSEY ECONOMIC DEV AUTH MTR VEH SURCHARGES REV 5% | NJ.NJSDEV 5 07.01.2028 | 1.66% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | CA.SFOAPT 5 05.01.2030 | 1.65% |
| ATLANTA GA ARPT PASSENGER FAC CHARGE REV 5% | GA.ATLAPT 5 07.01.2026 | 1.64% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.00977 | Jun 30, 2025 |
| May 30, 2025 | $0.01078 | May 30, 2025 |
| Apr 30, 2025 | $0.01025 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0099 | Mar 31, 2025 |
| Feb 28, 2025 | $0.00954 | Feb 28, 2025 |
| Jan 31, 2025 | $0.01072 | Jan 31, 2025 |