Morningstar

Western Asset Massachusetts Municipals Fund Class C SMALX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 11.60  /  −0.09 %
  • Total Assets 29.3M
  • Adj. Expense Ratio
    1.300%
  • Expense Ratio 1.300%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.01%
  • Effective Duration 8.46 years

USD | NAV as of Jun 13, 2026 | 1-Day Return as of Jun 13, 2026, 12:43 AM GMT+0

Morningstar’s Analysis SMALX

Will SMALX outperform in the 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 SMALX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Western Asset Massachusetts Muni C holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings SMALX

More SMALX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 49.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST DEV FIN AGY REV 4%

6.54 2M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5.25%

6.23 2M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

5.55 2M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

5.10 1M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

4.77 1M
municipal

PLYMOUTH MASS 3.5%

4.71 1M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

4.59 1M
municipal

MASSACHUSETTS ST PORT AUTH REV 5%

4.44 1M
municipal

MASSACHUSETTS ST SPL OBLIG DEDICATED TAX REV 5.5%

4.07 1M
municipal

MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5.25%

3.67 1M
municipal

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