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Morningstar

Western Asset California Municipals A SHRCX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 13.90  /  +0.01 %
  • Total Assets 240.9 Mil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.730%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.88%
  • Effective Duration 6.94 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 12:33 AM GMT+0

Morningstar’s Analysis SHRCX

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

  • People Pillar

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

Strength in Western Asset California Municipals A'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

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SHRCX

More SHRCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 29.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

RIVERSIDE CNTY CALIF TRANSN COMMN SALES TAX REV 5%

4.41 10.8 Mil
municipal

CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5%

4.35 10.6 Mil
municipal

NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 5%

3.21 7.9 Mil
municipal

ALAMEDA CORRIDOR TRANSN AUTH CALIF REV 5%

2.79 6.8 Mil
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 5%

2.70 6.6 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

2.70 6.6 Mil
municipal

LONG BEACH CALIF BD FIN AUTH NAT GAS PUR REV 5.5%

2.37 5.8 Mil
municipal

SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5%

2.29 5.6 Mil
municipal

LOS ANGELES CALIF DEPT WTR & PWR REV 5%

2.17 5.3 Mil
municipal

LOS ANGELES CALIF DEPT WTR & PWR REV 5%

2.16 5.3 Mil
municipal