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Morningstar

Western Asset Massachusetts Muni C SMALX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 11.41  /  −0.17 %
  • Total Assets 53.8 Mil
  • 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 2.06%
  • Effective Duration 7.51 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 1:01 AM GMT+0

Morningstar’s Analysis SMALX

Will SMALX 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 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.

Strength in Western Asset Massachusetts Muni C'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 most expensive quintile among peers.

by Morningstar Manager Research
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 50.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5%

6.57 3.6 Mil
municipal

MASSACHUSETTS ST PORT AUTH REV 5%

6.51 3.6 Mil
municipal

MASSACHUSETTS ST 5%

5.95 3.3 Mil
municipal

MASSACHUSETTS ST PORT AUTH SPL FACS REV 5%

5.71 3.2 Mil
municipal

MASSACHUSETTS DEPT TRANSN MET HWY SYS REV 5%

5.10 2.8 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

4.68 2.6 Mil
municipal

MASSACHUSETTS ST SPL OBLIG DEDICATED TAX REV 5.5%

4.41 2.4 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

4.18 2.3 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

3.65 2.0 Mil
municipal

MASSACHUSETTS MUN WHSL ELEC CO REV 4%

3.58 2.0 Mil
municipal