About SCACX
Western Asset California Municipals Fund is an open-end municipal bond mutual fund focused on delivering tax-advantaged income to California residents. Its primary objective is to provide a high level of current income that is generally exempt from regular federal income taxes and California state personal income taxes, investing predominantly in California municipal debt with intermediate- to long-term maturities. The portfolio emphasizes investment-grade issuers and applies sector rotation and issuer selection within the state’s diverse municipal market, such as general obligation, revenue, and essential-service bonds. Managed by Western Asset, a specialist fixed-income franchise of Franklin Templeton, the strategy draws on dedicated municipal research, macro insights, and quantitative tools to assess credit quality, structure, and duration in a fragmented market. Within the Morningstar “Muni California Long” category, the fund aligns to durations typically greater than six years, reflecting its long-horizon approach to tax-exempt income generation and interest-rate risk management. It serves investors seeking state-specific tax efficiency, contributing to financing public infrastructure and services across California while offering diversification within tax-exempt fixed income.
Fund Family Franklin Templeton Investments
Category Muni California Long
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol SCACX
Share Class Class C
Index Bloomberg California TaxExempt Muni Bd TR
SCACX had a total return of 4.92% in the past year, including dividends.
Since the fund's inception, the average annual return has been 3.79%.
