| Scorecard |
|---|
|
3 / 5 Stars
|
|
Lipper
4
4
5
3
5
|
|
Zacks Investment Research
5
(Strong Sell)
|
|
Standard & Poor's
3 / 5 Stars
|
|
TheStreet.com
C-
(Hold)
|
#19 in Muni National Short
U.S. News evaluated 45 Muni National Short Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 1.17 percent over the past year, 1.97 percent over the past three years, 2.89 percent over the past five years, and 2.58 percent over the past decade.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 0.6% |
| 1 Year | 1.2% |
| 3 Years (Annualized) | 2.0% |
| 5 Years (Annualized) | 2.9% |
| 10 Years (Annualized) | 2.6% |
Summary
The investment seeks to generate high current income exempt from regular federal income tax while preserving capital. The fund normally 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. It focuses on investment grade bonds, but may invest up to 20% of its assets in below investment grade bonds. The fund may, from time to time, invest over 25% of its assets in municipal securities from one state or region.
Fees
Fees are Above Average compared to funds in the same category.
Western Asset Short Duration Municipal Income Fund has an expense ratio of 0.65 percent.
Risk
Risk is Average compared to funds in the same category according to Morningstar.
