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Western Asset Ultra-Short Income C (LWAIX)

Nasdaq - Nasdaq Delayed price. Currency in USD
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9.15+0.01 (+0.11%)
At close: 08:05AM EDT

Western Asset Ultra-Short Income C

New York, NY 10004

55 Water Street, 32nd Floor

Legg Mason & Co., LLC

Management information
Michael C. Buchanan,Lead manager since 29 February 2024
Michael C. Buchanan is Deputy Chief Investment Officer at Western Asset. Mr. Buchanan has been in the fixed-income industry since 1990. As Deputy Chief Investment Officer, Mr. Buchanan has direct oversight of Western Asset’s Global Credit Team, which covers U.S. and non-US investment-grade, high-yield and bank loan sectors. Mr. Buchanan also leads the Global Credit Committee, which ultimately determines overall firmwide credit themes. Prior to joining Western Asset in 2005, Mr. Buchanan served as Managing Director and Head of US Credit Products at Credit Suisse Asset Management and as Executive Vice President and Portfolio Manager at Janus Capital Management. Mr. Buchanan also worked at BlackRock Financial Management as Managing Director and Portfolio Manager and at Conseco Capital Management as Vice President and Portfolio Manager. Mr. Buchanan graduated with honors from Brown University. He holds a Bachelor of Arts in Economics and is a CFA® charterholder.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryUltrashort Bond
Fund familyFranklin Templeton Investments
Net assets445.47M
YTD return1.36%
Yield2.75%
Morningstar rating★★
Inception date17 Apr 1997

Fund operations

Last dividend0.06
Last cap gain-9.00
Holdings turnover10.00%
Average for categoryN/A

Fees and expenses

ExpenseLWAIXCategory average
Annual report expense ratio (net)0.65%0.44%
Prospectus net expense ratio0.65%N/A
Prospectus gross expense ratio0.70%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A2.59%
Max deferred sales loadN/A1.21%
3-yr expense projection0N/A
5-yr expense projection0N/A
10-yr expense projection0N/A