LMOOX

About LMOOX

Western Asset Oregon Municipals Fund Class I is a municipal bond mutual fund designed primarily for investors residing in Oregon. Its chief objective is to deliver a high level of monthly income that is exempt from both federal and Oregon state personal income taxes, making it particularly attractive to investors seeking tax-advantaged income within the state. The fund achieves this goal by investing predominantly in long-duration municipal bonds issued by Oregon state and local governments, which are typically used to finance various public projects such as infrastructure, schools, and community development initiatives. A notable feature of this fund is its focus on capital preservation and appreciation, in addition to tax-free income generation. By concentrating its holdings within Oregon, the fund offers state-specific tax benefits and some exposure to the region's economic and fiscal conditions. Western Asset Oregon Municipals Fund Class I is categorized by Morningstar as a muni single-state long portfolio, characterized by average maturities exceeding 12 years and durations over 6 years. This fund plays a significant role in providing local investors with access to the municipal bond market while supporting the funding of essential public services in Oregon.