SHDSX – Western Asset Short Duration Muni Inc IS Investment Strategy | Morningstar

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Strategy

The investment seeks to generate high current income exempt from regular federal income tax while preserving capital. 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SMDYX	Western Asset Short Duration Municipal Income Fund Class I	Institutional	Open			Nov 14, 2003	$74.26M	0.400%	Average	$1M	−$9.29M
SHDSX	Western Asset Short Duration Municipal Income Fund Class IS	Institutional	Open			Sep 18, 2017	$8.59M	0.350%	Average	$1M	$1.07M
SHDAX	Western Asset Short Duration Municipal Income Fund Class A	Front Load	Open			Mar 17, 2003	$171.55M	0.550%	Low	$1,000	−$29.69M
SHDLX	Western Asset Short Duration Municipal Income Fund Class C	Level Load	Open			Mar 18, 2003	$6.30M	0.960%	Low	$1,000	−$1.81M
CIABX	Western Asset Short Duration Municipal Income Fund Class C2	Level Load	Open			Nov 2, 2020	$689,920.00	1.140%	Low	$1,000	$14,694.10

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