Morningstar

Western Asset California Municipals Fund Class IS SHRSX

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

Strategy

The investment seeks to provide California investors with a high level of current income exempt from regular federal income taxes and California state personal income taxes. Under normal circumstances, the fund invests at least 80% of its assets in California municipal securities and other investments with similar economic characteristics, the interest on which is exempt from regular federal income tax and California state personal income tax 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
LMCUX	Western Asset California Municipals Fund Class I	Institutional	Open			Mar 2, 2007	$23.52M	0.550%	Average	$1M	−$4.75M
SHRSX	Western Asset California Municipals Fund Class IS	Institutional	Open			Aug 9, 2019	$3.65M	0.520%	Average	$1M	−$536,703.66
SHRCX	Western Asset California Municipals Fund Class A	Front Load	Open			Apr 9, 1984	$148.43M	0.790%	Average	$1,000	−$21.17M
SCACX	Western Asset California Municipals Fund Class C	Level Load	Open			Nov 14, 1994	$1.91M	1.330%	Below Average	$1,000	−$82,029.93

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