STXAX – Western Asset Municipal High Income A Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize current income exempt from regular federal income tax. Under normal circumstances, the fund invests at least 80% of its assets in "municipal securities." It will invest primarily in municipal securities rated at the time of purchase in the lowest investment grade categories (that is, securities rated in the Baa/BBB categories) or rated below investment grade (that is, securities rated below the Baa/BBB categories) or, if unrated, determined by the sub-adviser to be of comparable credit quality.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
LMHIX	Western Asset Municipal High Income Fund Class I	Institutional	Open			Mar 20, 2007	$80.32M	0.550%	Below Average	$1M	−$12.44M
STXAX	Western Asset Municipal High Income Fund Class A	Front Load	Open			Nov 6, 1992	$145.50M	0.750%	Low	$1,000	−$29.25M
SMHLX	Western Asset Municipal High Income Fund Class C	Level Load	Open			Nov 17, 1994	$3.03M	1.290%	Low	$1,000	−$1.30M

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