Western Asset Ultra-Short Income Fund (ARMGX)
Under normal circumstances, the fund will invest its assets in debt obligations, other fixed income securities and related investments. It may invest in all types of U.S. dollar denominated short-term debt instruments, including bank obligations, commercial paper and asset-backed securities, mortgage-backed securities, U.S. government agency or instrumentality securities, corporate loans, corporate debt securities, structured instruments and repurchase agreements.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Western Asset Ultra-Short Income Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $16,759 for a total return of roughly 67.59%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Western Asset Ultra-Short Income Fund had a return of 0.74% year-to-date (YTD) and 0.63% in the last 12 months. Over the past 10 years, Western Asset Ultra-Short Income Fund had an annualized return of 0.90%, while the S&P 500 had an annualized return of 9.92%, indicating that Western Asset Ultra-Short Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -0.37% | -1.87% |
| Year-To-Date | 0.74% | 4.25% |
| 6 months | 1.45% | 2.64% |
| 1 year | 0.63% | -10.31% |
| 5 years (annualized) | 0.83% | 8.11% |
| 10 years (annualized) | 0.90% | 9.92% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 1.12% | 0.20% | ||||||||||
| 2022 | -0.43% | -0.08% | 0.79% | 0.44% |
Dividend History
Western Asset Ultra-Short Income Fund granted a 2.04% dividend yield in the last twelve months. The annual payout for that period amounted to $0.18 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.18 | $0.14 | $0.02 | $0.13 | $0.21 | $0.17 | $0.12 | $0.09 | $0.08 | $0.03 | $0.01 | $0.03 |
Dividend yield | 2.04% | 1.63% | 0.24% | 1.48% | 2.43% | 2.03% | 1.49% | 1.08% | 0.95% | 0.36% | 0.14% | 0.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset Ultra-Short Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.02 | $0.02 | ||||||||||
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.05 | $0.01 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.03 | $0.02 |
| 2017 | $0.01 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.01 |
| 2016 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.01 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
| 2013 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2012 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Western Asset Ultra-Short Income Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Western Asset Ultra-Short Income Fund is 19.79%, recorded on Dec 17, 2008. It took 527 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.79% | Nov 5, 2007 | 282 | Dec 17, 2008 | 527 | Jan 21, 2011 | 809 |
| -9.09% | Feb 24, 2020 | 22 | Mar 24, 2020 | 113 | Sep 2, 2020 | 135 |
| -3.19% | Sep 30, 1992 | 586 | Dec 28, 1994 | 455 | Sep 25, 1996 | 1041 |
| -3.16% | Feb 12, 2021 | 347 | Jun 29, 2022 | — | — | — |
| -2.21% | Feb 22, 2011 | 192 | Nov 22, 2011 | 111 | May 3, 2012 | 303 |
| -1.58% | Jun 3, 2015 | 178 | Feb 16, 2016 | 84 | Jun 15, 2016 | 262 |
| -1.25% | Dec 31, 1996 | 9 | Jan 10, 1997 | 73 | Apr 23, 1997 | 82 |
| -1.21% | Sep 25, 1998 | 22 | Oct 26, 1998 | 47 | Dec 30, 1998 | 69 |
| -1.17% | Aug 6, 2007 | 15 | Aug 24, 2007 | 32 | Oct 10, 2007 | 47 |
| -1% | May 31, 2013 | 25 | Jul 5, 2013 | 206 | Apr 30, 2014 | 231 |
Volatility Chart
Current Western Asset Ultra-Short Income Fund volatility is 1.85%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.