Western Asset Short Duration Municipal Income Fund Class A (SHDAX)
| Fund Assets | 293.23M |
| Expense Ratio | 0.55% |
| Min. Investment | $1,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.13 |
| Dividend Yield | 2.44% |
| Dividend Growth | 12.95% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 5.24 |
| YTD Return | 0.99% |
| 1-Year Return | 4.70% |
| 5-Year Return | 7.57% |
| 52-Week Low | 4.96 |
| 52-Week High | 5.24 |
| Beta (5Y) | 0.10 |
| Holdings | 147 |
| 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 4.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.61%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.01119 | Jan 30, 2026 |
| Dec 31, 2025 | $0.01173 | Dec 31, 2025 |
| Nov 28, 2025 | $0.01008 | Nov 28, 2025 |
| Oct 31, 2025 | $0.01202 | Oct 31, 2025 |
| Sep 30, 2025 | $0.01051 | Sep 30, 2025 |
| Aug 29, 2025 | $0.01127 | Aug 29, 2025 |