- What does ARMZX invest in?
- The Fund seeks high current income and to limit the degree of fluctuation of its net asset value by investing principally in a portfolio of adjustable rate securities, many of which will also be US Government securities.
- What is the expense ratio of ARMZX?
- Western Asset Ultra-Short Income Fund;A (ARMZX) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.
- What is ARMZX's dividend yield?
- ARMZX's trailing-twelve-month yield is 3.90%, calculated from the sum of dividends over the past year divided by the current price.
- Is ARMZX a good long-term hold?
- ARMZX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
- How does ARMZX's daily reset work?
- ARMZX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
- How big is ARMZX?
- Western Asset Ultra-Short Income Fund;A (ARMZX) manages $494.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
