Western Asset Municipal High Income C (SMHLX)
| Fund Assets | 267.73M |
| Expense Ratio | 1.37% |
| Min. Investment | $1,000 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 3.31% |
| Dividend Growth | -0.40% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 12.72 |
| YTD Return | 2.33% |
| 1-Year Return | 2.69% |
| 5-Year Return | 3.89% |
| 52-Week Low | 11.81 |
| 52-Week High | 12.78 |
| Beta (5Y) | n/a |
| Holdings | 212 |
| 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 2.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.69%.
Top 10 Holdings
22.48% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW YORK ST TRANSPRTN DEV CORP - New York Transportation Development Corp | NY.NYTTRN 5.38 06.30.2060 | 3.57% |
| CALIFORNIA ST POLL CONTROL FIN - California Pollution Control Financing Authority | CA.CASPOL 5 11.21.2045 | 2.76% |
| PHOENIX AZ INDL DEV AUTH EDU R - Industrial Development Authority of the City of Phoenix Arizona/The | AZ.PHOEDU 5 07.01.2045 | 2.47% |
| NEW YORK ST TRANSPRTN DEV CORP - New York Transportation Development Corp | NY.NYTTRN 5.12 06.30.2060 | 2.27% |
| HOUSTON TX ARPT SYS REVENUE - City of Houston TX Airport System Revenue | TX.HOUAPT 6.5 07.15.2030 | 2.05% |
| PENNSYLVANIA ST ECON DEV FING - Pennsylvania Economic Development Financing Authority | PA.PASDEV 5.25 06.30.2053 | 2.01% |
| PUBLIC AUTH FOR COLORADO ST EN - Public Authority for Colorado Energy | CO.PUBUTL 6.5 11.15.2038 | 2.00% |
| HOUSTON TX ARPT SYS REVENUE - City of Houston TX Airport System Revenue | n/a | 1.84% |
| PUERTO RICO SALES TAX FING COR - Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | PR.PRCGEN 4.75 07.01.2053 | 1.84% |
| NEW YORK STATE DORMITORY AUTHORITY (TOBS) | NY.NYSHGR 4 03.15.2045 | 1.67% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.032 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03772 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03328 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03706 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03632 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03379 | Jun 30, 2025 |