SMALX

About SMALX

Western Asset Massachusetts Municipals Fund Class C is a municipal bond mutual fund designed to provide Massachusetts investors with current income that is generally exempt from both federal and Massachusetts state income taxes. The fund primarily invests at least 80% of its net assets in municipal securities issued by state and local governments within Massachusetts, including revenue and general obligation bonds. These holdings focus on supporting public projects such as infrastructure and development initiatives within the state. The fund is actively managed, seeking to balance interest rate sensitivity with credit quality, and typically appeals to investors residing in Massachusetts who are seeking tax-advantaged income. Western Asset Massachusetts Municipals Fund Class C holds a concentrated portfolio, with over half of its assets allocated to its top ten holdings, reflecting a focused investment approach in the Massachusetts municipal bond market. It plays an important role for residents seeking steady, tax-exempt income and contributing to local public initiatives through their investment.