Western Asset Short Duration Municipal Income Fund Class A (SHDAX)

Fund Assets	270.23M
Expense Ratio	0.55%
Min. Investment	$1,000
Turnover	25.00%
Dividend (ttm)	0.13
Dividend Yield	2.64%
Dividend Growth	10.15%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	5.06
YTD Return	0.94%
1-Year Return	2.26%
5-Year Return	7.68%
52-Week Low	5.04
52-Week High	5.12
Beta (5Y)	0.09
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.

• Fund Family: Franklin Templeton Investments
• Category: Muni National Short
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: SHDAX
• Share Class: Class A
• Index: Bloomberg Municipal Bond 3 Y TR

Performance

SHDAX had a total return of 2.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.32%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SHDSX	Class Is	0.35%
SMDYX	Class I	0.40%
SHDLX	Class C	0.96%
CIABX	Class C2	1.14%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.0121	Jul 31, 2026
Jun 30, 2026	$0.01094	Jun 30, 2026
May 29, 2026	$0.01136	May 29, 2026
Apr 30, 2026	$0.01108	Apr 30, 2026
Mar 31, 2026	$0.01091	Mar 31, 2026
Feb 27, 2026	$0.01026	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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