Western Asset Massachusetts Municipals Fund (LHMIX)
| Fund Assets | 33.85M |
| Expense Ratio | 0.55% |
| Min. Investment | $1,000,000 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 2.84% |
| Dividend Growth | -0.48% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 11.37 |
| YTD Return | -0.02% |
| 1-Year Return | -0.89% |
| 5-Year Return | -1.62% |
| 52-Week Low | 10.76 |
| 52-Week High | 11.76 |
| Beta (5Y) | n/a |
| Holdings | 51 |
| Inception Date | Jun 3, 2008 |
About LHMIX
Western Asset Massachusetts Municipals Fund Class I is a fixed income mutual fund focused on municipal bonds issued in Massachusetts. Its primary purpose is to generate a high level of tax-exempt income by investing at least 80% of its assets in Massachusetts municipal debt securities, offering interest income that is generally exempt from both federal and Massachusetts state personal income taxes. The fund primarily targets intermediate- and long-term municipal bonds, providing exposure to essential infrastructure and public services within Massachusetts. It is most relevant for investors seeking income with potential tax advantages and plays an important role in the municipal bond market by supporting local projects while offering diversification benefits to portfolios sensitive to tax efficiency. With a relatively low expense ratio and a portfolio diversified across over 50 holdings, the fund is designed to appeal to Massachusetts residents and institutions with a focus on municipal credits in the region.
Performance
LHMIX had a total return of -0.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.38%.
Top 10 Holdings
47.85% of assets| Name | Symbol | Weight |
|---|---|---|
| MASSACHUSETTS ST DEV FIN AGY REV 5% | MA.MASDEV 07.01.2050 | 6.45% |
| MASSACHUSETTS ST PORT AUTH SPL FACS REV 5% | MA.MASTRN 5 07.01.2049 | 5.79% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.25% | MA.MASDEV 5.25 07.01.2050 | 5.18% |
| MASSACHUSETTS ST DEV FIN AGY REV 4% | MA.MASDEV 4 09.01.2044 | 5.10% |
| MASSACHUSETTS ST DEV FIN AGY REV 5% | MA.MASDEV 5 04.01.2037 | 4.53% |
| MASSACHUSETTS ST 5% | MA.MAS 5 08.01.2051 | 4.52% |
| MASSACHUSETTS ST DEV FIN AGY REV 5% | MA.MASDEV 5 07.01.2050 | 4.26% |
| MASSACHUSETTS ST DEV FIN AGY REV 0.85% | MA.MASDEV 03.01.2048 | 4.17% |
| MASSACHUSETTS ST DEV FIN AGY REV 5% | MA.MASDEV 5 10.01.2040 | 4.07% |
| MASSACHUSETTS ST DEV FIN AGY REV 5% | MA.MASDEV 5 10.01.2044 | 3.78% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0277 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02715 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02624 | Jun 30, 2025 |
| May 30, 2025 | $0.02915 | May 30, 2025 |
| Apr 30, 2025 | $0.02724 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02622 | Mar 31, 2025 |