Western Asset Pennsylvania Municipals C (SPALX)

Fund Assets	72.68M
Expense Ratio	1.53%
Min. Investment	$1,000
Turnover	9.00%
Dividend (ttm)	0.28
Dividend Yield	2.47%
Dividend Growth	4.81%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	11.16
YTD Return	-2.63%
1-Year Return	-1.63%
5-Year Return	-4.02%
52-Week Low	10.98
52-Week High	11.91
Beta (5Y)	0.04
Holdings	73
Inception Date	Apr 5, 1994

About SPALX

Western Asset Pennsylvania Municipals Fund Class C is a tax-exempt municipal bond mutual fund that primarily invests in debt securities issued by Pennsylvania municipalities and related entities. The fund's main objective is to provide investors with a high level of income that is exempt from both regular federal income tax and Pennsylvania state personal income taxes, making it particularly appealing to residents of Pennsylvania seeking tax-advantaged income. It allocates at least 80% of its assets to Pennsylvania municipal securities, including bonds of varying maturities and credit qualities, which can include long-, intermediate-, and short-duration instruments. Managed since 1994, the fund plays a specialized role in the municipal bond market by supporting local public projects while offering investors potential tax efficiency. Its performance metrics and yields are typically measured against broader municipal bond indices and specific municipal fund categories focused on Pennsylvania, emphasizing stability and income generation within a targeted state-based investment universe.

• Fund Family: Franklin Templeton, Inc
• Category: Muni Pennsylvania
• Performance Rating: Low
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: SPALX
• Share Class: Class C
• Index: Bloomberg Muni Bond Pennsylvania TR USD

Performance

SPALX had a total return of -1.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.46%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VPAIX	Vanguard	Vanguard Pennsylvania Long-Term Tax-Exempt Fund Investor Shares	0.15%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
LPPIX	Class I	0.55%
SBPAX	Class A	0.90%
LPISX	Class Is	0.52%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02329	Sep 30, 2026
Aug 31, 2026	$0.02217	Aug 31, 2026
Jul 31, 2026	$0.02513	Jul 31, 2026
Jun 30, 2026	$0.02304	Jun 30, 2026
May 29, 2026	$0.02376	May 29, 2026
Apr 30, 2026	$0.02306	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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