Morningstar

Western Asset Municipal High Income Fund Class C SMHLX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 11.88  /  −0.08 %
  • Total Assets 228.9M
  • Adj. Expense Ratio
    1.290%
  • Expense Ratio 1.370%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.53%
  • Effective Duration 8.92 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:31 AM GMT+0

Morningstar’s Analysis SMHLX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Western Asset Municipal High Income C holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings SMHLX

More SMHLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK TRANSN DEV CORP SPL FAC REV 5.375%

3.98 10M
municipal

CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5%

3.13 8M
municipal

PHOENIX ARIZ INDL DEV AUTH ED REV 5%

2.76 7M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5.125%

2.51 6M
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 5.25%

2.26 5M
municipal

PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5%

2.14 5M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

2.08 5M
municipal

M-S-R ENERGY AUTH CALIF GAS REV 7%

1.72 4M
municipal

BROWARD CNTY FLA PORT FACS REV 4%

1.60 4M
municipal

JEFFERSON CNTY ALA SWR REV 5.25%

1.52 4M
municipal

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