PortfoliosLab logo

Western Asset Ultra-Short Income Fund (ARMGX)

Mutual Fund · Currency in USD · Last updated Mar 22, 2023

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


Loading data...

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.


0.00%5.00%10.00%NovemberDecember2023FebruaryMarch
1.89%
8.82%
ARMGX (Western Asset Ultra-Short Income Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with ARMGX

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.


PeriodReturnBenchmark
1 month-0.37%-1.87%
Year-To-Date0.74%4.25%
6 months1.45%2.64%
1 year0.63%-10.31%
5 years (annualized)0.83%8.11%
10 years (annualized)0.90%9.92%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20231.12%0.20%
2022-0.43%-0.08%0.79%0.44%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Western Asset Ultra-Short Income Fund Sharpe ratio is 0.46. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

The chart below displays rolling 12-month Sharpe Ratio.


-1.50-1.00-0.500.000.50NovemberDecember2023FebruaryMarch
0.46
-0.44
ARMGX (Western Asset Ultra-Short Income Fund)
Benchmark (^GSPC)

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.


PeriodTTM20222021202020192018201720162015201420132012
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2023FebruaryMarch
-1.06%
-16.55%
ARMGX (Western Asset Ultra-Short Income Fund)
Benchmark (^GSPC)

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, 2007282Dec 17, 2008527Jan 21, 2011809
-9.09%Feb 24, 202022Mar 24, 2020113Sep 2, 2020135
-3.19%Sep 30, 1992586Dec 28, 1994455Sep 25, 19961041
-3.16%Feb 12, 2021347Jun 29, 2022
-2.21%Feb 22, 2011192Nov 22, 2011111May 3, 2012303
-1.58%Jun 3, 2015178Feb 16, 201684Jun 15, 2016262
-1.25%Dec 31, 19969Jan 10, 199773Apr 23, 199782
-1.21%Sep 25, 199822Oct 26, 199847Dec 30, 199869
-1.17%Aug 6, 200715Aug 24, 200732Oct 10, 200747
-1%May 31, 201325Jul 5, 2013206Apr 30, 2014231

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.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
1.85%
22.09%
ARMGX (Western Asset Ultra-Short Income Fund)
Benchmark (^GSPC)