Western Asset Ultra-Short Income Fund Class A
ARMZX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Western Asset Ultra-Short Income Fund Class A (ARMZX) is an open-end mutual fund managed by Western Asset Management Company LLC that seeks current income and capital preservation while maintaining liquidity through a primarily investment grade portfolio of U.S. dollar-denominated short-term debt instruments, including bank obligations, commercial paper, asset-backed securities, mortgage-backed securities, U.S. government agency or instrumentality securities, corporate loans, corporate debt securities, structured instruments, and repurchase agreements; it normally maintains a dollar-weighted average effective duration of less than or equal to one year to limit interest rate sensitivity. The fund's sector allocation features credit at 51.53%, asset-backed securities at 17.01%, residential mortgage-backed securities at 12.02%, commercial mortgage-backed securities at 6.02%, and U.S. Treasury securities at 5.74%, with total net assets of approximately $404 million, 454 holdings, a weighted average life of 1.46 years, and an effective duration of 0.64 years as of October 31, 2025. Launched on April 18, 1997, with Class A shares incepted on the same date, the fund is domiciled in the United States, available for sale to U.S. investors with a minimum initial investment of $1,000, and pays monthly dividends. Western Asset Management Company LLC, the fund's investment adviser founded in 1971 and headquartered at 385 East Colorado Boulevard in Pasadena, California, employs a team approach led by portfolio managers Nicholas Mastroianni (since September 1, 2021) and Michael Buchanan (since March 1, 2024); the firm maintains a global presence with offices in New York, London, Tokyo, Singapore, Hong Kong, Melbourne, São Paulo, and Zurich. The fund falls within the ultrashort bond category (Morningstar) and short investment grade debt funds (Lipper), targeting investors seeking low volatility fixed-income exposure with a net expense ratio of 0.66% for Class A shares. In recent developments, Franklin Templeton, which oversees Western Asset funds, proposed but discontinued the reorganization of the Western Asset Total Return ETF (WBND) into the Western Asset Bond ETF (WABF) in January 2025 following shareholder disapproval at a December 2024 meeting, and announced the liquidation of the Western Asset Short Duration Income ETF and Western Asset Total Return ETF in December 2025; these actions reflect ongoing portfolio rationalization efforts amid market conditions but do not directly impact ARMZX operations. The fund continues standard monthly distributions and daily pricing, with a 30-day SEC yield of 3.70% (with waivers) as of October 31, 2025, and no reported acquisitions, new product launches, or strategic shifts specific to ARMZX in the last 1-2 years.