Western Asset Short Duration Income ETF

Frequently Asked Questions About WINC

What does WINC invest in?

Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in "investment grade" fixed income securities. Corporate debt securities, including notes, bonds, debentures and commercial paper, are fixed income securities usually issued by businesses to finance their operations. These securities may be secured or unsecured, may be issued by U.S. or foreign entities and may carry variable or floating rates of interest.

What is the expense ratio of WINC?

Western Asset Short Duration Income ETF (WINC) charges an expense ratio of 0.29%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of WINC?

Effective duration measures WINC's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. WINC's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of WINC?

WINC's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of WINC?

Yield to maturity (YTM) is the total return you'd earn from WINC if every bond in the portfolio is held to maturity at the current price. WINC's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is WINC?

Western Asset Short Duration Income ETF (WINC) manages $12.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.