SORLX

About SORLX

Western Asset Municipal High Income Fund is a mutual fund focused on generating high levels of tax-exempt income by investing primarily in municipal debt securities. Its primary purpose is to provide investors with current income that is generally exempt from regular federal income taxes, making it particularly attractive to investors seeking tax-advantaged cash flow. The fund typically allocates at least 80% of its net assets to a diversified portfolio of municipal bonds issued by state and local governments or their agencies. These bonds often finance public infrastructure projects, such as schools, roads, and utilities, thereby supporting community development while serving as an investment vehicle. The fund emphasizes exposure to intermediate- and long-term maturities, and it may hold securities across the credit spectrum, including both investment-grade and high-yield (below investment grade) municipal bonds. By actively managing credit and interest rate risks, the fund plays a significant role in the fixed-income market, providing investors with an avenue to access municipal credit while potentially enhancing after-tax returns.