Morningstar

Western Asset Short Duration Muni Inc A SHDAX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Franklin Templeton Investment Hub

Morningstar’s Analysis SHDAX

Will SHDAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SHDAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SHDAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SHDAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An experienced team with a thoughtful muni approach remains here.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Western Asset Short Duration Municipal Income's knowledgeable and collaborative municipal team along with its thoughtful and repeatable approach is largely unaffected by co-CIO Ken Leech's surprise Aug. 21, 2024, leave of absence from the firm. Thus, the strategy retains its Above Average People and Process ratings.

by Elizabeth Foos
Rated on Published on

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