Western Asset Municipal High Income C (SMHLX)
| Fund Assets | 270.28M |
| Expense Ratio | 1.37% |
| Min. Investment | $1,000 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 3.31% |
| Dividend Growth | -2.13% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 12.71 |
| YTD Return | 0.09% |
| 1-Year Return | -0.78% |
| 5-Year Return | 3.52% |
| 52-Week Low | 12.08 |
| 52-Week High | 13.18 |
| Beta (5Y) | n/a |
| Holdings | 217 |
| Inception Date | Nov 17, 1994 |
About SMHLX
Western Asset Municipal High Income Fund - Class C is a mutual fund designed to generate high monthly income that is exempt from regular federal income taxes. The fund primarily invests in a diversified portfolio of municipal securities, with a focus on high-yield and lower-rated issues—often those rated at or below BBB or that are unrated—characteristic of the high-yield municipal bond category in which it is classified. By employing sector rotation and careful issuer selection, the fund aims to capitalize on income opportunities within the municipal bond market while navigating credit and interest rate risks. Western Asset Municipal High Income Fund - Class C appeals to investors seeking tax-advantaged income and exposure to the municipal segment of the fixed-income market. The fund’s performance is impacted by factors such as interest rate fluctuations and credit risks associated with below-investment-grade municipal bonds. Managed by a team with experience in municipal credit research, the fund’s returns and risk profile reflect its primary objective of maximizing tax-exempt income, offset by relatively higher fees compared to peers in its category.
Performance
SMHLX had a total return of -0.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.72%.
Top 10 Holdings
22.70% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.375% | NY.NYTTRN 5.38 06.30.2060 | 3.38% |
| HOUSTON TEX ARPT SYS REV 5% | TX.HOUAPT 5 07.15.2035 | 2.76% |
| CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5% | CA.CASPOL 5 11.21.2045 | 2.58% |
| PHOENIX ARIZ INDL DEV AUTH ED REV 5% | AZ.PHOEDU 5 07.01.2045 | 2.41% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.125% | NY.NYTTRN 5.12 06.30.2060 | 2.14% |
| HOUSTON TEX ARPT SYS REV 6.5% | TX.HOUAPT 6.5 07.15.2030 | 2.06% |
| PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% | CO.PUBUTL 6.5 11.15.2038 | 1.91% |
| PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 5.25% | PA.PASDEV 5.25 06.30.2053 | 1.87% |
| HOUSTON TEX ARPT SYS REV 6.625% | TX.HOUAPT 6.62 07.15.2038 | 1.85% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% | PR.PRCGEN 4.75 07.01.2053 | 1.74% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03706 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03632 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03379 | Jun 30, 2025 |
| May 30, 2025 | $0.03719 | May 30, 2025 |
| Apr 30, 2025 | $0.03514 | Apr 30, 2025 |
| Mar 31, 2025 | $0.034 | Mar 31, 2025 |