3 / 5 Stars
2 2 2 5 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 41 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -5.70 percent over the past year, 6.29 percent over the past three years, 7.87 percent over the past five years, and 4.19 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.0%|
|3 Years (Annualized)||6.3%|
|5 Years (Annualized)||7.9%|
|10 Years (Annualized)||4.2%|
The investment seeks to maximize current income exempt from regular federal income tax. The fund will normally invest primarily in municipal securities rated at the time of purchase in the lowest investment grade categories (that is, securities rated in the Baa/BBB categories) or rated below investment grade (that is, securities rated below the Baa/BBB categories) or, if unrated, determined by the subadviser to be of comparable credit quality. It may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio (such as shortening or lengthening duration) and for other purposes.
Fees are High compared to funds in the same category.
Western Asset Municipal High Income Fund has an expense ratio of 1.42 percent.
Risk is Average compared to funds in the same category according to Morningstar.