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Morningstar

Western Asset Massachusetts Muni I LHMIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 11.20  /  0.19 %
  • Total Assets 57.3 Mil
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.550%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.99%
  • Effective Duration 7.38 years

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 1:49 AM GMT+0

Morningstar’s Analysis LHMIX

Will LHMIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LHMIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the LHMIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of LHMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Western Asset Massachusetts Muni I earns a Morningstar Medalist Rating of Neutral with strength in areas such as People offset by weaker spots such as Process.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings LHMIX

More LHMIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 63
  • Other Holdings 1
  • % Assets in Top 10 Holdings 48.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5%

6.12
3,557,021
municipal

MASSACHUSETTS ST PORT AUTH REV 5%

5.82
3,377,576
municipal

MASSACHUSETTS ST 5%

5.39
3,132,417
municipal

MASSACHUSETTS ST PORT AUTH SPL FACS REV 5%

5.18
3,008,010
municipal

MASSACHUSETTS DEPT TRANSN MET HWY SYS REV 5%

4.64
2,697,154
municipal

MASSACHUSETTS ST DEV FIN AGY REV 3.45%

4.49
2,607,490
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 3.6%

4.48
2,602,515
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

4.21
2,442,617
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

3.94
2,290,594
municipal

MASSACHUSETTS ST SPL OBLIG DEDICATED TAX REV 5.5%

3.91
2,273,033
municipal