Western Asset Pennsylvania Municipals Fund (SBPAX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Western Asset Pennsylvania Municipals Fund (SBPAX) is up 1.4% since the beginning of the year. SBPAX is currently trading at $12 per share. Investors who bought $1,000 worth of SBPAX shares 5 years ago would now be looking at an investment worth $1,020.

Western Asset Pennsylvania Municipals Fund (SBPAX) has returned 1.42% so far this year and 7.25% over the past 12 months. Over the last ten years, SBPAX has returned 1.73% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 3, 1995, SBPAX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.

Historically, 69% of months were positive and 31% were negative. The best month was Nov 2023 with a return of +6.4%, while the worst month was Sep 2008 at -4.0%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.

On a daily basis, SBPAX closed higher 39% of trading days. The best single day was Mar 25, 2020 with a return of +3.6%, while the worst single day was Mar 19, 2020 at -2.8%.

Western Asset Pennsylvania Municipals Fund has an annualized alpha of 4.23%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 04, 1995.

• This fund captured 12.97% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.66%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

SBPAX has an expense ratio of 0.80%, placing it in the medium range.

SBPAX ranks 76 for risk / return — better than 76% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Western Asset Pennsylvania Municipals Fund (SBPAX) and compare them to S&P 500 Index.

Western Asset Pennsylvania Municipals Fund provided a 2.64% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Western Asset Pennsylvania Municipals Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Western Asset Pennsylvania Municipals Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Western Asset Pennsylvania Municipals Fund was 15.97%, occurring on Oct 25, 2022. Recovery took 821 trading sessions.

The current Western Asset Pennsylvania Municipals Fund drawdown is 0.19%.

The chart below shows the rolling one-month volatility.