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Morningstar

Western Asset Municipal High Income C SMHLX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 12.70  /  +0.01 %
  • Total Assets 332.5 Mil
  • Adj. Expense Ratio
    1.330%
  • Expense Ratio 1.330%
  • 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 3.37%
  • Effective Duration 7.84 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:33 AM GMT+0

Morningstar’s Analysis SMHLX

Will SMHLX 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 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.

Strength in Western Asset Municipal High Income 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 second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SMHLX

More SMHLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

5.35 18.0 Mil
municipal

BARTOW CNTY GA DEV AUTH SOLID WASTE DISP FAC REV 4.3%

3.08 10.4 Mil
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5.375%

3.07 10.4 Mil
municipal

HOUSTON TEX ARPT SYS REV 5%

2.25 7.6 Mil
municipal

CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5%

2.25 7.6 Mil
municipal

PHOENIX ARIZ INDL DEV AUTH ED REV 5%

2.06 7.0 Mil
municipal

HOUSTON TEX ARPT SYS REV 6.5%

1.96 6.6 Mil
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5.125%

1.93 6.5 Mil
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 5.25%

1.72 5.8 Mil
municipal

PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5%

1.66 5.6 Mil
municipal