Western Asset Short Duration Municipal Income Fund Class I (SMDYX)

Fund Assets	270.23M
Expense Ratio	0.40%
Min. Investment	$1,000,000
Turnover	25.00%
Dividend (ttm)	0.14
Dividend Yield	2.79%
Dividend Growth	9.74%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	5.06
YTD Return	1.02%
1-Year Return	2.39%
5-Year Return	8.47%
52-Week Low	5.04
52-Week High	5.12
Beta (5Y)	0.04
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.

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

Performance

SMDYX had a total return of 2.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.99%.

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%
SHDAX	Class A	0.55%
SHDLX	Class C	0.96%
CIABX	Class C2	1.14%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.01278	Jul 31, 2026
Jun 30, 2026	$0.01156	Jun 30, 2026
May 29, 2026	$0.01202	May 29, 2026
Apr 30, 2026	$0.01171	Apr 30, 2026
Mar 31, 2026	$0.01153	Mar 31, 2026
Feb 27, 2026	$0.01084	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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