Western Asset Short Duration Municipal Income Fund (SHDAX)
Under normal circumstances, the fund invests at least 80% of its assets in municipal securities and in participation or other interests in municipal securities issued by banks, insurance companies or other financial institutions. Municipal securities are securities and other investments with similar economic characteristics the interest on which is exempt from regular federal income tax.
Fund Info
ISIN | US52469F1921 |
---|---|
CUSIP | 52469F192 |
Issuer | Franklin Templeton Investments |
Inception Date | Mar 16, 2003 |
Category | Municipal Bonds |
Min. Investment | $1,000 |
Asset Class | Bond |
Expense Ratio
SHDAX features an expense ratio of 0.55%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Western Asset Short Duration Municipal Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Western Asset Short Duration Municipal Income Fund had a return of 2.26% year-to-date (YTD) and 4.88% in the last 12 months. Over the past 10 years, Western Asset Short Duration Municipal Income Fund had an annualized return of 1.13%, while the S&P 500 had an annualized return of 10.88%, indicating that Western Asset Short Duration Municipal Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.26% | 18.10% |
1 month | 0.80% | 1.42% |
6 months | 2.32% | 9.39% |
1 year | 4.88% | 26.58% |
5 years (annualized) | 1.19% | 13.42% |
10 years (annualized) | 1.13% | 10.88% |
Monthly Returns
The table below presents the monthly returns of SHDAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -0.23% | 0.17% | 0.18% | -0.43% | -0.01% | 0.57% | 0.79% | 1.01% | 2.26% | ||||
2023 | 1.16% | -1.07% | 1.18% | -0.26% | -0.45% | 0.58% | 0.16% | -0.23% | -0.84% | -0.03% | 2.24% | 1.19% | 3.64% |
2022 | -1.29% | -0.52% | -1.30% | -0.92% | 0.69% | -0.11% | 0.90% | -1.10% | -1.31% | -0.29% | 1.59% | 0.37% | -3.30% |
2021 | 0.28% | -0.50% | 0.09% | 0.28% | 0.08% | 0.08% | 0.27% | -0.12% | -0.31% | -0.12% | 0.07% | 0.08% | 0.19% |
2020 | 0.72% | 0.51% | -2.56% | -0.27% | 1.52% | 0.90% | 0.90% | 0.10% | 0.10% | -0.09% | 0.48% | 0.30% | 2.57% |
2019 | 0.52% | 0.12% | 0.53% | 0.14% | 0.54% | 0.33% | 0.53% | 0.35% | -0.45% | 0.34% | 0.13% | 0.14% | 3.26% |
2018 | 0.10% | 0.08% | -0.08% | -0.09% | 0.32% | 0.12% | 0.31% | -0.06% | -0.08% | -0.07% | 0.14% | 0.33% | 1.02% |
2017 | 0.30% | 0.30% | 0.10% | 0.10% | 0.30% | -0.10% | 0.49% | 0.30% | -0.10% | -0.10% | -0.29% | 0.11% | 1.41% |
2016 | 0.47% | 0.08% | -0.10% | 0.10% | 0.10% | 0.27% | 0.27% | -0.12% | -0.12% | -0.10% | -0.90% | 0.10% | 0.05% |
2015 | 0.49% | -0.31% | 0.10% | -0.10% | -0.29% | 0.10% | 0.29% | -0.10% | 0.10% | 0.10% | -0.12% | 0.08% | 0.33% |
2014 | 0.51% | 0.31% | -0.08% | 0.12% | 0.31% | 0.12% | 0.10% | 0.10% | 0.10% | 0.10% | -0.10% | -0.10% | 1.48% |
2013 | 0.31% | 0.10% | -0.10% | 0.29% | -0.10% | -0.68% | 0.10% | -0.08% | 0.29% | 0.31% | 0.12% | -0.08% | 0.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SHDAX is 87, placing it in the top 13% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Western Asset Short Duration Municipal Income Fund (SHDAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Western Asset Short Duration Municipal Income Fund granted a 2.11% dividend yield in the last twelve months. The annual payout for that period amounted to $0.11 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.11 | $0.10 | $0.06 | $0.05 | $0.07 | $0.08 | $0.07 | $0.06 | $0.05 | $0.06 | $0.07 | $0.07 |
Dividend yield | 2.11% | 1.94% | 1.21% | 0.96% | 1.36% | 1.63% | 1.41% | 1.21% | 1.05% | 1.12% | 1.28% | 1.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset Short Duration Municipal 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 | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.07 | |||
2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 |
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 | $0.05 |
2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.07 |
2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
2018 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 |
2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 |
2016 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.05 |
2015 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.06 |
2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 |
2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Western Asset Short Duration Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Western Asset Short Duration Municipal Income Fund was 6.18%, occurring on Mar 20, 2020. Recovery took 83 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-6.18% | Mar 10, 2020 | 9 | Mar 20, 2020 | 83 | Jul 20, 2020 | 92 |
-5.65% | Aug 25, 2021 | 294 | Oct 24, 2022 | 411 | Jun 13, 2024 | 705 |
-2.53% | Sep 17, 2008 | 21 | Oct 15, 2008 | 56 | Jan 6, 2009 | 77 |
-2.09% | Mar 2, 2004 | 53 | May 14, 2004 | 285 | Jul 1, 2005 | 338 |
-1.54% | Feb 14, 2008 | 10 | Feb 28, 2008 | 6 | Mar 7, 2008 | 16 |
Volatility
Volatility Chart
The current Western Asset Short Duration Municipal Income Fund volatility is 0.37%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.