SMHLX

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.