SPALX

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.