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Morningstar

Western Asset Pennsylvania Municipals I LPPIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 11.54  /  +0.01 %
  • Total Assets 93.2 Mil
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.550%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 2.98%
  • Effective Duration 7.64 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 12:49 AM GMT+0

Morningstar’s Analysis LPPIX

Will LPPIX 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 LPPIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LPPIX 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 LPPIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Western Asset Pennsylvania Municipals I's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

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 LPPIX

More LPPIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 36.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

WESTMORELAND CNTY PA MUN AUTH MUN SVC REV 0%

7.36 7.0 Mil
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 5%

4.00 3.8 Mil
municipal

PHILADELPHIA PA WTR & WASTEWTR REV 5%

3.78 3.6 Mil
municipal

PHILADELPHIA PA ARPT REV 5%

3.56 3.4 Mil
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 5%

3.37 3.2 Mil
municipal

PHILADELPHIA PA ARPT REV 5%

3.26 3.1 Mil
municipal

LANCASTER CNTY PA HOSP AUTH REV 5%

2.97 2.8 Mil
municipal

PHILADELPHIA PA GAS WKS REV 5%

2.71 2.6 Mil
municipal

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 5%

2.69 2.6 Mil
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 5%

2.46 2.3 Mil
municipal