SHORX – Western Asset Oregon Municipals A Investment Strategy | Morningstar

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Strategy

The investment seeks to provide Oregon investors with as high a level of dividend income exempt from regular federal income tax and Oregon state personal income taxes as is consistent with prudent investment management and the preservation of capital. The fund normally invests at least 80% of its assets in "Oregon municipal securities." It focuses on investment grade bonds, but may invest up to 20% of its assets in below investment grade bonds. The fund may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio and for other purposes. 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
LMOOX	Western Asset Oregon Municipals Fund Class I	Institutional	Open			Sep 14, 2007	$25.00M	0.550%	Average	$1M	$487,421.55
SHORX	Western Asset Oregon Municipals Fund Class A	Front Load	Open			May 23, 1994	$12.82M	0.750%	Below Average	$1,000	−$1.05M
SORLX	Western Asset Oregon Municipals Fund Class C	Level Load	Open			May 16, 1995	$232,818.00	1.300%	Below Average	$1,000	−$195,695.67

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