Western Asset Oregon Municipals Fund (SHORX)
The fund normally invests at least 80% of its assets in "Oregon municipal securities." It focuses on investment grade bonds, but may invest up to 20% of its assets in below investment grade bonds. 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. It is non-diversified.
Fund Info
US52469N1046
52469N104
May 22, 1994
$1,000
Expense Ratio
SHORX has a high expense ratio of 1.30%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Western Asset Oregon Municipals Fund (SHORX) returned -1.38% year-to-date (YTD) and 1.61% over the past 12 months. Over the past 10 years, SHORX returned 1.40% annually, underperforming the S&P 500 benchmark at 10.85%.
SHORX
-1.38%
-0.74%
-2.79%
1.61%
0.91%
-0.01%
1.40%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of SHORX, 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 | 0.31% | 1.02% | -1.33% | -0.63% | -0.74% | -1.38% | |||||||
| 2024 | -0.21% | 0.08% | 0.09% | -1.05% | -0.22% | 1.68% | 0.94% | 0.73% | 0.81% | -1.43% | 1.55% | -1.44% | 1.49% |
| 2023 | 2.29% | -2.21% | 1.88% | -0.13% | -0.75% | 0.31% | 0.19% | -1.07% | -2.47% | -1.11% | 5.30% | 2.22% | 4.25% |
| 2022 | -2.48% | -0.43% | -2.84% | -2.64% | 0.69% | -1.58% | 2.15% | -1.97% | -3.58% | -0.47% | 4.23% | -0.12% | -8.94% |
| 2021 | 0.25% | -1.73% | 0.94% | 1.02% | 0.44% | 0.35% | 0.72% | -0.40% | -0.78% | 0.15% | 0.81% | 0.06% | 1.82% |
| 2020 | 2.00% | 1.29% | -3.75% | -1.87% | 3.55% | 0.65% | 1.41% | -0.40% | -0.03% | -0.30% | 1.50% | 0.44% | 4.37% |
| 2019 | 0.56% | 0.34% | 1.45% | 0.34% | 1.32% | 0.32% | 0.78% | 1.74% | -0.67% | -0.19% | 0.07% | 0.27% | 6.49% |
| 2018 | -1.29% | -0.34% | 0.47% | -0.43% | 1.06% | -0.04% | 0.06% | 0.17% | -0.59% | -0.66% | 0.92% | 0.98% | 0.28% |
| 2017 | -0.12% | 0.35% | 0.09% | 0.37% | 1.26% | -0.12% | 0.38% | 0.86% | -0.61% | 0.47% | -0.04% | 1.14% | 4.11% |
| 2016 | 0.95% | 0.08% | 0.57% | 0.55% | 0.55% | 1.39% | -0.28% | 0.09% | -0.66% | -0.66% | -3.04% | 0.69% | 0.16% |
| 2015 | 1.53% | -0.74% | 0.31% | -0.08% | -0.08% | -0.09% | 0.37% | 0.10% | 0.46% | 0.29% | 0.27% | 0.57% | 2.93% |
| 2014 | 1.71% | 0.79% | 0.91% | 0.80% | 1.56% | 0.30% | -0.35% | 1.09% | 0.59% | 0.50% | 0.28% | 0.69% | 9.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SHORX is 22, meaning it’s performing worse than 78% of other 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 Oregon Municipals Fund (SHORX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Western Asset Oregon Municipals Fund provided a 2.51% dividend yield over the last twelve months, with an annual payout of $0.24 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.23 | $0.22 | $0.20 | $0.20 | $0.21 | $0.26 | $0.33 | $0.33 | $0.35 | $0.38 | $0.39 |
Dividend yield | 2.51% | 2.42% | 2.23% | 2.11% | 1.89% | 1.97% | 2.54% | 3.33% | 3.22% | 3.44% | 3.55% | 3.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset Oregon Municipals 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 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.08 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 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 | $0.20 |
| 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 | $0.21 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 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 | $0.04 | $0.38 |
| 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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Western Asset Oregon Municipals 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 Oregon Municipals Fund was 13.42%, occurring on Dec 15, 2008. Recovery took 102 trading sessions.
The current Western Asset Oregon Municipals Fund drawdown is 5.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.42% | Jun 4, 2008 | 135 | Dec 15, 2008 | 102 | May 13, 2009 | 237 |
| -13.15% | Jul 21, 2021 | 320 | Oct 25, 2022 | — | — | — |
| -11.47% | Mar 3, 2020 | 14 | Mar 20, 2020 | 95 | Aug 5, 2020 | 109 |
| -8.33% | May 10, 2013 | 84 | Sep 9, 2013 | 246 | Aug 29, 2014 | 330 |
| -7.42% | Oct 15, 2010 | 64 | Jan 14, 2011 | 110 | Jun 23, 2011 | 174 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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