Western Asset Short Duration Municipal Income is managed by an experienced team that plies a thoughtful and repeatable investment approach to building this portfolio. Yet, the strategy hasn’t displayed an edge over peers over the longer term, resulting in a Morningstar Analyst Rating of Neutral for most share classes and a Negative for its more expensive C shares.
Will SHDAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SHDAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the SHDAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of SHDAX’s parent organization’s priorities and whether they’re in line with investors’ interests.