Western Asset Short Duration High Income Fund (SHIAX)
The investment seeks high current income. The fund normally invests at least 80% of its assets in high yield debt securities. High yield securities are rated below investment grade (that is, securities rated below the Baa/BBB categories, or, if unrated, determined to be of comparable credit quality by the subadviser) and are commonly known as "high yield" or "junk" bonds. Its investments may include, but will not be limited to, high yield corporate debt securities and adjustable rate bank loans. The fund may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio and for other purposes.
Fund Info
US52469F6300
52469F630
Nov 6, 1992
$1,000
Expense Ratio
SHIAX has a high expense ratio of 1.01%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Western Asset Short Duration High 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 High Income Fund had a return of 1.23% year-to-date (YTD) and 9.87% in the last 12 months. Over the past 10 years, Western Asset Short Duration High Income Fund had an annualized return of 4.10%, while the S&P 500 had an annualized return of 11.31%, indicating that Western Asset Short Duration High Income Fund did not perform as well as the benchmark.
SHIAX
1.23%
0.81%
4.56%
9.87%
4.60%
4.10%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of SHIAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.23% | 1.23% | |||||||||||
| 2024 | 0.23% | 0.80% | 0.84% | -0.23% | 1.06% | 0.82% | 1.26% | 1.26% | 1.22% | -0.02% | 1.23% | -0.22% | 8.56% |
| 2023 | 3.16% | -0.50% | 0.00% | 0.81% | -0.42% | 1.70% | 1.49% | 0.42% | -0.23% | -1.29% | 2.59% | 2.32% | 10.42% |
| 2022 | -0.91% | -0.60% | -0.39% | -1.72% | -1.77% | -4.86% | 3.52% | -0.33% | -2.63% | 1.44% | 1.88% | 0.01% | -6.42% |
| 2021 | 0.79% | 0.94% | 0.61% | 1.14% | 0.40% | 0.91% | 0.00% | 0.40% | 0.19% | 0.21% | -0.75% | 1.18% | 6.16% |
| 2020 | -0.32% | -1.51% | -13.53% | 4.37% | 4.41% | 1.70% | 3.38% | 1.43% | -0.57% | 0.42% | 4.03% | 1.57% | 4.07% |
| 2019 | 4.25% | 1.21% | 0.48% | 1.25% | -1.18% | 1.63% | 0.27% | -0.70% | 0.64% | -0.30% | 0.64% | 2.20% | 10.75% |
| 2018 | 1.21% | -0.68% | -0.28% | 0.66% | 0.68% | 0.45% | 0.81% | 0.83% | 0.43% | -1.04% | -1.06% | -2.80% | -0.85% |
| 2017 | 1.26% | 1.02% | 0.17% | 0.50% | 0.50% | 0.28% | 1.06% | -0.62% | 1.20% | 0.26% | 0.26% | 0.28% | 6.33% |
| 2016 | -3.86% | -1.82% | 4.01% | 4.04% | 0.96% | 1.14% | 1.73% | 1.90% | 1.08% | 0.55% | 0.14% | 1.65% | 11.86% |
| 2015 | -1.10% | 2.74% | -0.09% | 1.56% | 0.39% | -0.80% | -1.45% | -2.18% | -2.97% | 1.32% | -2.20% | -3.54% | -8.19% |
| 2014 | 0.50% | 1.25% | 0.69% | 0.50% | 0.36% | 0.81% | -0.72% | 0.67% | -1.54% | -0.43% | -0.93% | -2.05% | -0.96% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, SHIAX is among the top 4% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Western Asset Short Duration High Income Fund (SHIAX) 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 High Income Fund provided a 7.24% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.35 | $0.35 | $0.28 | $0.25 | $0.26 | $0.29 | $0.29 | $0.31 | $0.35 | $0.39 | $0.39 |
Dividend yield | 7.24% | 7.32% | 7.24% | 6.03% | 4.64% | 5.01% | 5.51% | 5.75% | 5.77% | 6.50% | 7.58% | 6.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset Short Duration High 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.28 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2019 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2018 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.31 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
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 High 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 High Income Fund was 38.52%, occurring on Dec 12, 2008. Recovery took 196 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.52% | Jun 1, 2007 | 387 | Dec 12, 2008 | 196 | Sep 24, 2009 | 583 |
| -25.96% | Jul 31, 1998 | 1064 | Oct 10, 2002 | 284 | Nov 26, 2003 | 1348 |
| -22.41% | Feb 21, 2020 | 22 | Mar 23, 2020 | 161 | Nov 9, 2020 | 183 |
| -19.64% | Jul 8, 2014 | 404 | Feb 11, 2016 | 305 | Apr 28, 2017 | 709 |
| -10.11% | May 17, 2011 | 98 | Oct 4, 2011 | 97 | Feb 23, 2012 | 195 |
Volatility
Volatility Chart
The current Western Asset Short Duration High Income Fund volatility is 0.75%, 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.