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Morningstar

Western Asset Oregon Municipals C SORLX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.60  /  +0.02 %
  • Total Assets 46.3 Mil
  • Adj. Expense Ratio
    1.300%
  • Expense Ratio 1.300%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.81%
  • Effective Duration 7.35 years

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 1:16 AM GMT+0

Morningstar’s Analysis SORLX

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

  • People Pillar

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

A lowering of its Process Pillar rating is the primary driver of Western Asset Oregon Municipals C's downgrade to a Morningstar Medalist Rating of Negative from 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 SORLX

More SORLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 51.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UNIVERSITY OREGON GEN REV 5%

8.86 4.1 Mil
municipal

METRO ORE DEDICATED TAX REV 5%

6.65 3.1 Mil
municipal

WASHINGTON MULTNOMAH & YAMHILLCNTYS ORE SCH DIST NO 1J HILLSBORO 5%

5.65 2.6 Mil
municipal

OREGON ST 4%

5.38 2.5 Mil
municipal

EUGENE ORE ELEC UTIL REV 5%

5.05 2.3 Mil
municipal

WASHINGTON & CLACKAMAS CNTYS ORE SCH DIST NO 23 J TIGARD 5%

4.66 2.1 Mil
municipal

SALEM ORE HOSP FAC AUTH REV 5%

4.63 2.1 Mil
municipal

CLACKAMAS CNTY ORE SCH DIST NO 12 NORTH CLACKAMAS 5%

3.99 1.8 Mil
municipal

LANE CNTY ORE SCH DIST NO 019 SPRINGFIELD 0%

3.48 1.6 Mil
municipal

PORT PORTLAND ORE ARPT REV 5%

3.34 1.5 Mil
municipal