Western Asset Short Duration Municipal Income Fund Class I (SMDYX)
| Fund Assets | 293.23M |
| Expense Ratio | 0.40% |
| Min. Investment | $1,000,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.14 |
| Dividend Yield | 2.64% |
| Dividend Growth | 12.20% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 5.12 |
| YTD Return | 1.02% |
| 1-Year Return | 4.97% |
| 5-Year Return | 8.53% |
| 52-Week Low | 4.84 |
| 52-Week High | 5.12 |
| Beta (5Y) | n/a |
| Holdings | 147 |
| Inception Date | Nov 14, 2003 |
About SMDYX
The Western Asset Short Duration Municipal Income Fund is an actively managed mutual fund focused on generating high current income that is exempt from regular federal income tax while seeking to preserve capital for investors. The fund invests primarily in short-duration municipal bonds issued by state and local governments across sectors such as healthcare, education, utilities, and general obligation debt. These bonds are typically used to finance public projects that benefit communities nationwide. By targeting a shorter duration, the fund aims to mitigate interest rate risk compared to longer-term municipal bond funds, making it a strategic choice for investors seeking tax-advantaged income with reduced sensitivity to rate fluctuations. The Western Asset Short Duration Municipal Income Fund supports public infrastructure funding and plays a role in diversifying fixed income portfolios by offering exposure to a broad range of municipal issuers and sectors.
Performance
SMDYX had a total return of 4.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.05%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.01184 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0124 | Dec 31, 2025 |
| Nov 28, 2025 | $0.01066 | Nov 28, 2025 |
| Oct 31, 2025 | $0.01271 | Oct 31, 2025 |
| Sep 30, 2025 | $0.01112 | Sep 30, 2025 |
| Aug 29, 2025 | $0.01193 | Aug 29, 2025 |