Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
Mutualfunds logo

SHRCX Western Asset California Municipals A

  • Fund
  • SHRCX
  • Price as of: Dec 14, 2017
  • $16.02
  • + $0.02
  • + 0.13%
  • Category
  • Single State Municipal Bonds

SHRCX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 2.3%
  • 5 Yr Annualized Return 2.1%
  • Net Assets $546 M
  • Holdings in Top 10 29.7%

52 WEEK LOW AND HIGH

$16.02
$15.81
$16.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.73%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 19.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

N/A

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni California Long

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.87%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Western Asset California Municipals Fund
  • Fund Family Name Legg Mason
  • Inception Date Apr 09, 1984
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager S. Kenneth Leech

Fund Description

The fund normally invests at least 80% of its assets in California municipal securities and other investments with similar economic characteristics, the interest on which is exempt from regular federal income tax and California state personal income tax but which may be subject to the alternative minimum tax. It normally invests in intermediate-term and long-term municipal securities that have remaining maturities from one to more than thirty years at the time of purchase. It is non-diversified.

SHRCX - Performance

Return Ranking - Trailing

Period SHRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.9% -22.9% 6.6% 45.66% 4
1 Yr 4.4% -8.3% 11.9% 36.43% 2
3 Yr 2.3% * -2.1% 8.2% 41.36% 3
5 Yr 2.1% * -2.1% 7.1% 33.16% 2
10 Yr 4.1% * 0.2% 6.1% 16.84% 1

* Annualized


Return Ranking - Calendar

Period SHRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -3.9% -4.9% 0.6% 66.47% 5
2015 -1.4% -7.9% 7.9% 57.20% 5
2014 5.3% -7.6% 15.6% 43.58% 3
2013 -8.1% -20.2% 6.4% 49.59% 4
2012 4.7% -0.9% 13.5% 17.72% 2

Total Return Ranking - Trailing

Period SHRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.9% -22.9% 6.6% 45.66% 4
1 Yr 0.0% -12.7% 10.6% 75.88% 4
3 Yr 0.8% * -2.7% 8.2% 74.09% 4
5 Yr 1.2% * -2.4% 7.1% 59.88% 4
10 Yr 3.7% * 0.2% 6.1% 30.11% 2

* Annualized


Total Return Ranking - Calendar

Period SHRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -3.9% -4.9% 0.7% 66.97% 5
2015 -1.4% -7.9% 7.6% 61.73% 5
2014 5.3% -7.6% 17.8% 47.00% 4
2013 -8.1% -20.2% 6.4% 51.22% 4
2012 4.7% -0.6% 13.5% 21.17% 2

NAV & Total Return History

SHRCX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

SHRCX Category Low Category High SHRCX % Rank Quintile
Net Assets 546 M 2.11 M 15.8 B 8.04% 2
Number of Holdings 116 18 3653 14.65% 3
Net Assets in Top 10 166 M -2.85 M 2.6 B 5.53% 1
Weighting of Top 10 29.7% 3.9% 73.5% 10.48% 2

Top 10 Holdings

  1. Riverside Cnty Calif Transn Co Sales 5% 3.97%
  2. Sacramento Cnty Calif Arpt Sys Rev Bd 6% 3.76%
  3. San Joaquin Hills Calif Transn Sr Lien T 3.53%
  4. California Statewide Cmntys De Rev 6.25% 3.29%
  5. Los Angeles Calif Hbr Dept Rev Rev 5.25% 3.11%
  6. Modesto Calif Irr Dist 5.75% 2.93%
  7. Long Beach Calif Bd Fin Auth 5.5% 2.55%
  8. M-S-R Engy Auth 6.5% 2.33%
  9. Chula Vista Calif Indl Dev Rev Re 5.875% 2.15%
  10. Long Beach Calif Bd Fin Auth 5% 2.11%

Asset Allocation

Weighting Category Low Category High SHRCX % Rank Quintile
Bonds
100.00% 0.00% 103.74% 1.26% 1
Stocks
0.00% 0.00% 0.48% 0.48% 1
Preferred Stocks
0.00% 0.00% 2.18% 0.48% 1
Other
0.00% -0.55% 23.51% 4.66% 2
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 1
Cash
0.00% -3.74% 99.63% 19.59% 4

Bond Sector Breakdown

Weighting Category Low Category High SHRCX % Rank Quintile
Municipal
100.00% 0.00% 118.44% 1.84% 1
Derivative
0.00% -6.47% 0.00% 0.10% 1
Cash & Equivalents
0.00% -3.74% 99.63% 19.11% 4
Securitized
0.00% 0.00% 0.00% 0.10% 1
Corporate
0.00% 0.00% 5.14% 2.33% 1
Government
0.00% -19.99% 4.86% 0.97% 1

Bond Geographic Breakdown

Weighting Category Low Category High SHRCX % Rank Quintile
US
100.00% 0.00% 103.74% 0.97% 1
Non US
0.00% 0.00% 27.48% 16.20% 4

SHRCX - Expenses

Operational Fees

SHRCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.73% 0.09% 5.19% 13.29% 2
Management Fee 0.50% 0.00% 1.30% 1.26% 4
12b-1 Fee 0.15% 0.00% 1.00% 3.07% 2
Administrative Fee N/A 0.00% 0.33% N/A N/A

Sales Fees

SHRCX Fees (% of AUM) Category Low Category High SHRCX Rank Quintile
Front Load 4.25% 1.00% 5.75% 1.44% 3
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

SHRCX Fees (% of AUM) Category Low Category High SHRCX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SHRCX Fees (% of AUM) Category Low Category High SHRCX Rank Quintile
Turnover 19.00% 0.00% 146.00% 6.40% 3

SHRCX - Distributions

Dividend Yield Analysis

SHRCX Category Low Category High SHRCX % Rank Quintile
Dividend Yield 0.7% 0.00% 0.99% 0.60% 1

Dividend Distribution Analysis

SHRCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

SHRCX Category Low Category High SHRCX % Rank Quintile
Net Income Ratio 3.87% 0.00% 6.13% 3.39% 1

Capital Gain Distribution Analysis

SHRCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

SHRCX - Managers

S. Kenneth Leech

Manager

Start Date

Mar 31, 2014

Tenure

3.67

Tenure Rank

10.0%

S. Kenneth Leech is the Chief Investment Officer of Western Asset. He has been with Western Asset since 1990.


David T. Fare

Manager

Start Date

Dec 31, 2004

Tenure

12.92

Tenure Rank

4.6%

David T. Fare is a Portfolio Manager at Western Asset. He has been with Western Asset since 2005.


Robert E. Amodeo

Manager

Start Date

Mar 02, 2007

Tenure

10.76

Tenure Rank

5.7%

Robert E. Amodeo is the Head of Municipals at Western Asset. He has been with Western Asset since 2005.


Tenure Analysis

Category Low

0.0

Category High

38.1

Category Average

9.73

Category Mode

0.7