Morningstar

Western Asset Pennsylvania Municipals Fund Class A SBPAX

Medalist Rating as of Aug 31, 2026 See Franklin Templeton Investment Hub

Strategy

The investment seeks as high a level of income exempt from regular federal income tax and Pennsylvania personal income taxes as is consistent with prudent investing. Under normal circumstances, the fund invests at least 80% of its assets in "Pennsylvania municipal securities." Pennsylvania municipal securities are securities and other investments with similar economic characteristics the interest on which is exempt from regular federal income tax and Pennsylvania state personal income taxes but which may be subject to the federal alternative minimum tax. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
LPPIX	Western Asset Pennsylvania Municipals Fund Class I	Institutional	Open			Feb 4, 2008	$10.17M	0.550%	Below Average	$1M	−$374,912.95
SBPAX	Western Asset Pennsylvania Municipals Fund Class A	Front Load	Open			Apr 4, 1994	$57.81M	0.900%	High	$1,000	−$6.34M
SPALX	Western Asset Pennsylvania Municipals Fund Class C	Level Load	Open			Apr 5, 1994	$1.71M	1.470%	Below Average	$1,000	−$471,984.98

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