Western Asset Short Duration Income ETF

C000207671 Fund Overview

Western Asset Short Duration Income ETF is a US ETF managed by Legg Mason ETF Investment Trust, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Legg Mason ETF Investment Trust
• Category: Short Corporate Bond
• Assets under management: $12.14M
• 1-year return: 6.7%
• SEC CIK: 0001645194
• SEC series ID: S000064209
• Share class ID: C000207671

C000207671 Investment Objective and Strategy

Western Asset Short Duration Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Legg Mason ETF Investment Trust.

Investment objective

Western Asset Short Duration Income ETF (the fund) seeks current income.

Principal investment strategy

Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in 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. The fund may invest in Rule 144A securities. The fund may also invest in other short-duration fixed-income securities, such as floating rate loans and structured debt and in cash or cash equivalents such as money market securities. Securities in which the fund will invest will be U.S. dollar-denominated although they may be issued by a foreign corporation or a U.S.

affiliate of a foreign corporation, or a foreign government or its agencies and instrumentalities, including those in emerging markets. Although the fund may invest in securities of any maturity, the fund will normally maintain an effective duration, as estimated by the subadviser, of approximately two years. Effective duration seeks to measure the expected sensitivity of market price to changes in interest rates, taking into account the anticipated effects of structural complexities (for example, some bonds can be prepaid by the issuer). Generally, the longer a funds effective duration, the more sensitive it will be to changes in interest rates. For example, if interest rates rise by 1%, a fund with a two-year effective duration would expect the value of its portfolio to decrease by 2% and a fund with a ten-year effective duration would expect the value of its portfolio to decrease by 10%, all other factors being equal.

The fund may invest in investment grade securities. Investment grade securities are those rated by a rating agency at the time of purchase in one of the top four ratings categories (e.g., BBB- or higher by S&P Global Ratings (S&P) or Baa3 or higher by Moodys Investors Service, Inc. (Moodys)) or, if unrated, are judged by the subadviser to be of comparable credit quality. The fund may also invest up to 35% of its assets in fixed income securities that are below investment grade (e.g., BB+ or lower by S&P or Ba1 or lower by Moodys or, if unrated, are judged by the subadviser to be of comparable credit quality), including up to 5% of its assets in fixed income securities whose highest rating is rated below BB- by S&P or Ba3 by Moodys or, if unrated, are judged by the subadviser to be of comparable credit quality.

Below investment grade securities are commonly known as junk bonds or high yield securities. The fund may also invest up to 15% of its assets in mortgage-backed securities (MBS) and asset-backed securities (ABS), including collateralized debt obligations (CDOs). The fund may use derivatives, including options, forwards, interest rate swaps and other swaps (including buying and selling credit default swaps and options on credit default swaps) and futures contracts that are intended to provide economic exposure to the securities or issuer or to be used as a hedging technique, in order to change the investment characteristics of its portfolio (such as shortening or lengthening duration) and/or for other purposes.

C000207671 Holdings

Top 10 holdings of Western Asset Short Duration Income ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000207671 holdings

C000207671 Portfolio Allocation

Asset-class allocation of Western Asset Short Duration Income ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000207671 Performance

Total returns for C000207671 (as of 2026-10-01), from SEC filings.

C000207671 Risk Information

Risk metrics for C000207671, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 1.7%

C000207671 Costs and Fees

C000207671 costs about $29 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.29%
• Gross expense ratio: 0.29%
• Portfolio turnover: 63%
• Brokerage commissions: 0.44 bps of average net assets (SEC N-CEN)

C000207671 Cashflows

Over the 12 months to 2025-06, Western Asset Short Duration Income ETF had net inflows of $1.20M, from monthly SEC N-PORT filings.

C000207671 Debt Constituents

Largest debt holdings of Western Asset Short Duration Income ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000207671 Prospectus and SEC Filings

Official Western Asset Short Duration Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-07-25
• Prospectus (485BPOS) — filed 2024-07-26
• Prospectus (485BPOS) — filed 2023-07-25
• Portfolio holdings (N-PORT) — filed 2025-08-25
• Portfolio holdings (N-PORT) — filed 2025-05-22
• Portfolio holdings (N-PORT) — filed 2025-02-27
• Annual census (N-CEN) — filed 2025-06-13
• Annual census (N-CEN) — filed 2024-06-11

Related Funds

Other Short Corporate Bond funds tracked on ABC INVEST:

• Vanguard Short-Term Investment-Grade Fund (VFSTX)
• Vanguard Short-Term Corporate Bond Index Fund (VSCSX)
• American High Income Trust (AHITX)
• Vanguard High-Yield Corporate Fund (VWEHX)
• PGIM High Yield Fund (JDYRX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.