Western Asset Short Duration Municipal Income Fund Class I (SMDYX)
| Fund Assets | 312.83M |
| Expense Ratio | 0.40% |
| Min. Investment | $1,000,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.13 |
| Dividend Yield | 2.52% |
| Dividend Growth | 14.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 5.04 |
| YTD Return | 1.43% |
| 1-Year Return | 3.56% |
| 5-Year Return | 5.77% |
| 52-Week Low | 4.95 |
| 52-Week High | 5.05 |
| Beta (5Y) | n/a |
| Holdings | 148 |
| 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 3.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.88%.
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 | $0.01037 | Jun 30, 2025 |
| May 30, 2025 | $0.01143 | May 30, 2025 |
| Apr 30, 2025 | $0.01086 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0105 | Mar 31, 2025 |
| Feb 28, 2025 | $0.01009 | Feb 28, 2025 |
| Jan 31, 2025 | $0.01136 | Jan 31, 2025 |