Western Asset Municipal High Income Fund Inc. Portfolio Composition as of September 30, 2015
30 Octubre 2015 - 12:38PM
Business Wire
Western Asset Municipal High Income Fund Inc. (NYSE:MHF)
announces its portfolio composition as of September 30, 2015.
Investment Objective: The Fund seeks high current income
exempt from Federal income taxes.
Portfolio Composition*:
Asset Allocation Municipal
97.2% Variable Rate Demand Notes 2.8%
Top Ten Municipal Sectors Industrial Revenue
29.5% Transportation 15.2% Health Care 15.2% Education 10.2% Water
& Sewer 7.7% Special Tax Obligation 5.4% Lease Backed 4.3% Pre
refunded/ Escrowed to Maturity 3.9% Power 3.0% Local 1.0%
Credit Quality Allocation** AAA 3.1% AA 7.8% A
27.0% BBB 42.9% BB 7.8% Not Rated 11.4%
Call
Statistics Not Callable 11.7% 2015 5.4% 2016 8.2% 2017
7.5% 2018 5.3% 2019 8.2% 2020 13.9% 2021 6.5% 2022 10.8% 2023 12.7%
2024 6.0% 2025 3.0% 2028 0.7%
Average Life (years)
10.4
Effective Duration (years) 6.8
Average Coupon
(%) 5.5
Subject to AMT (%) 16.8
Portfolio
Statistics: Inception Date November 28, 1988
Inception Price $10.00
Total Assets $171,776,139
Market Price $7.23
NAV $7.94
(Daily NAV is available on market
quotation systems using the symbol XMHFX.)
Distribution Rate $0.0290 per share
Frequency
Monthly (Declared quarterly, paid monthly)
* Portfolio holdings and weightings are historical and are
presented here for informational purposes only. They are subject to
change at any time.** Credit quality is a measure of a bond
issuer's ability to repay interest and principal in a timely
manner. The credit ratings shown are based on each portfolio
security’s rating as provided by Standard and Poor’s, Moody’s
Investors Service and/or Fitch Ratings, Ltd. and typically range
from AAA (highest) to D (lowest), or an equivalent and/or similar
rating. For this purpose, when two or more of the agencies have
assigned differing ratings to a security, the highest rating is
used. Securities that are unrated by all three agencies are
reflected as such. The credit quality of the investments in the
Fund's portfolio does not apply to the stability or safety of the
Fund. These ratings are updated monthly and may change over time.
Please note, the Fund itself has not been rated by an
independent rating agency.
Western Asset Municipal High Income Fund Inc., a diversified
closed-end investment management company, is advised by Legg Mason
Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg
Mason, Inc., and is sub-advised by Western Asset Management
Company, an affiliate of the advisor.
An investment in the Fund involves risk, including loss of
principal. Investment return and the value of shares will
fluctuate. Fixed income securities are subject to credit risk,
inflation risk, call risk, and interest rate risk. As interest
rates rise, bond prices fall, reducing the value of the Fund's
share price. Certain investors may be subject to the alternative
minimum tax (AMT). State and local taxes may apply. The Fund may
invest in derivative instruments. Derivative instruments can be
illiquid, may disproportionately increase losses, and have a
potentially large impact on Fund performance.
Data and commentary provided in this press release are for
informational purposes only. Legg Mason and its affiliates do not
engage in selling shares of the Fund.
For more information, please call Fund Investor Services at
1-888-777-0102, or consult the Fund’s web site at
http://www.lmcef.com. Hard copies of the Fund’s complete audited
financial statements are available free of charge upon request.
FN1112214
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version on businesswire.com: http://www.businesswire.com/news/home/20151030005940/en/
Legg MasonMaria Rosati, 212-805-6036mrosati@leggmason.com
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