Western Asset Municipal High Income Fund Inc (MHF) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MHF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MHF
MHF charges 0.04% annually. There are 9 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset Managed Municipals Fund Inc | 0.01% | — | Jun 1992 | MHF vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | MHF vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | — | Dec 1993 | MHF vs EIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | — | Jun 2012 | MHF vs MMD | |
| Nuveen Select Maturities Municipal Fund | 0.03% | — | Sep 1992 | MHF vs NIM |
Best Risk-Adjusted Alternatives to MHF
MHF has a PortfoliosLab risk / return rank of 10. There are 492 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | MHF vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | MHF vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | MHF vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | MHF vs FHMIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | MHF vs DFCMX |
Top Performing MHF Alternatives (YTD)
MHF is at 4.51% YTD. There are 26 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 15.47%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 15.47% | — | Jan 1993 | MHF vs NMT | |
| RiverNorth Opportunistic Municipal Income Fund | 14.90% | — | — | MHF vs RMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 11.77% | — | — | MHF vs RFMZ | |
| Nuveen New York AMT Free Quality Municipal Income | 10.68% | — | Nov 2002 | MHF vs NRK | |
| Nuveen Municipal Income Fund, Inc. | 10.10% | — | Apr 1998 | MHF vs NMI |
Lowest Volatility Alternatives to MHF
MHF has 13.91% 1-year volatility. There are 491 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | MHF vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | MHF vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | MHF vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | MHF vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | MHF vs USMTX |
Lowest Drawdown Alternatives to MHF
MHF has a 1-year max drawdown of -9.96%. There are 489 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | MHF vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | MHF vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | MHF vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | MHF vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | MHF vs DFABX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 14 | 8.94% | — | Jan 1968 | MHF vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 29 | -11.31% | — | May 1969 | MHF vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 85 | 4.80% | — | — | MHF vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 25 | 7.17% | — | Apr 1948 | MHF vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 42 | 23.18% | — | Jun 2011 | MHF vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 32 | 6.55% | — | Jan 1987 | MHF vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 8 | 4.96% | — | Aug 1997 | MHF vs SBLGX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 90 | 5.36% | — | Aug 1997 | MHF vs FRIAX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 8 | 3.20% | — | Oct 1983 | MHF vs SHRAX | |
| Templeton Institutional Fund International Equity ... | Foreign Large Cap Equities | 53 | 16.06% | — | Oct 1990 | MHF vs TFEQX |
Often Compared With MHF
Investors most often compare MHF with RMMZ, FXIEX, NMS. These 11 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| RiverNorth Managed Duration Municipal Income Fund ... | Municipal Bonds | 46 | 6.87% | — | — | MHF vs RMMZ | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 92 | 2.11% | — | Jun 2012 | MHF vs FXIEX | |
| Nuveen Minnesota Quality Municipal Income Fund | Municipal Bonds | 76 | 8.12% | — | Jun 1993 | MHF vs NMS | |
| Nuveen California Municipal Value Fund | Municipal Bonds | 23 | 6.36% | — | Oct 1987 | MHF vs NCA | |
| Invesco Trust for Investment Grade Municipals | 87 | 6.06% | — | — | MHF vs VGM | ||
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 18 | 1.00% | — | Dec 2017 | MHF vs APUSX | |
| Nuveen Arizona Quality Municipal Income Fund | Municipal Bonds | 36 | 9.87% | — | Nov 1992 | MHF vs NAZ | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 21 | 4.84% | — | Mar 1993 | MHF vs NPV | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 35 | 7.08% | — | Mar 1970 | MHF vs SHAPX | |
| DFA NY Municipal Bond Portfolio | Municipal Bonds | 99 | 1.29% | — | Jun 2015 | MHF vs DNYMX | |
| Franklin Utilities Fund | Utilities Equities | 32 | 9.71% | — | Sep 1948 | MHF vs FKUTX |
Compare MHF with Any Fund or Stock
Compare MHF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MHF with funds that move differently
Western Asset Municipal High Income Fund Inc alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MHF.
Explore MHF Diversifiers