Western Asset California Municipals IS (SHRSX)

Fund Assets	172.81M
Expense Ratio	0.664%
Min. Investment	$1,000,000
Turnover	6.00%
Dividend (ttm)	0.49
Dividend Yield	3.69%
Dividend Growth	5.15%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	13.17
YTD Return	-3.27%
1-Year Return	-2.16%
5-Year Return	-2.21%
52-Week Low	13.03
52-Week High	14.29
Beta (5Y)	n/a
Holdings	91
Inception Date	Aug 9, 2019

About SHRSX

Western Asset California Municipals Fund IS is a mutual fund focused on providing a high level of current income that is exempt from both regular federal income taxes and California state personal income taxes. The fund primarily invests at least 80% of its assets in municipal securities issued by the state of California and its local governments or agencies. These securities typically include intermediate-term and long-term municipal bonds, with maturities ranging from one to over thirty years, offering diversification across various credit qualities and issuers. The primary purpose of the fund is to serve California-based investors seeking tax-advantaged income, making it particularly relevant for those in higher tax brackets. By targeting California municipal bonds, the fund has a significant impact on the public finance sector within the state, helping finance infrastructure, schools, and community projects. The fund’s relatively low expense ratio further enhances its appeal as an efficient vehicle within the municipal bond fund category.

• Fund Family: Franklin Templeton, Inc
• Category: Muni California Long
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: SHRSX
• Share Class: Class Is
• Index: Bloomberg California TaxExempt Muni Bd TR

Performance

SHRSX had a total return of -2.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.34%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
LMCUX	Class I	0.70%
SHRCX	Class A	0.94%
SCACX	Class C	1.48%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.04083	Sep 30, 2026
Aug 31, 2026	$0.03918	Aug 31, 2026
Jul 31, 2026	$0.04462	Jul 31, 2026
Jun 30, 2026	$0.04033	Jun 30, 2026
May 29, 2026	$0.04156	May 29, 2026
Apr 30, 2026	$0.04029	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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