Western Asset California Municipals Fund (SHRCX)
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 federal 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. It is non-diversified.
Fund Info
US52468T1025
52468T102
Apr 8, 1984
$1,000
Expense Ratio
SHRCX has an expense ratio of 0.76%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Western Asset California Municipals Fund (SHRCX) returned -2.22% year-to-date (YTD) and 0.77% over the past 12 months. Over the past 10 years, SHRCX returned 1.54% annually, underperforming the S&P 500 benchmark at 10.85%.
SHRCX
-2.22%
-0.81%
-3.55%
0.77%
1.04%
0.25%
1.54%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of SHRCX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.02% | 1.39% | -1.59% | -1.19% | -0.81% | -2.22% | |||||||
| 2024 | -0.03% | 0.16% | 0.18% | -1.04% | 0.20% | 1.60% | 0.68% | 0.62% | 1.00% | -1.43% | 1.61% | -1.36% | 2.15% |
| 2023 | 2.77% | -1.84% | 1.56% | 0.14% | -0.48% | 0.32% | 0.29% | -1.13% | -2.45% | -1.55% | 5.75% | 2.37% | 5.60% |
| 2022 | -2.74% | -0.61% | -3.09% | -3.27% | 1.04% | -2.17% | 2.79% | -2.03% | -4.07% | -1.05% | 4.62% | -0.04% | -10.46% |
| 2021 | 0.74% | -1.87% | 0.65% | 1.09% | 0.68% | 0.38% | 0.81% | -0.45% | -0.88% | -0.13% | 0.94% | 0.13% | 2.08% |
| 2020 | 1.92% | 1.37% | -6.19% | -1.32% | 3.32% | 1.18% | 1.71% | -0.23% | -0.10% | -0.15% | 1.79% | 0.73% | 3.77% |
| 2019 | 0.62% | 0.40% | 1.71% | 0.60% | 1.38% | 0.39% | 0.77% | 1.84% | -0.68% | 0.06% | 0.05% | 0.33% | 7.70% |
| 2018 | -1.27% | -0.43% | 0.51% | -0.41% | 1.40% | 0.18% | 0.10% | 0.20% | -0.71% | -0.63% | 0.93% | 0.62% | 0.44% |
| 2017 | 0.40% | 0.50% | 0.21% | 0.70% | 1.22% | -0.05% | 0.52% | 0.64% | -0.42% | 0.19% | -0.12% | 1.08% | 4.97% |
| 2016 | 1.19% | -0.10% | 0.52% | 0.68% | 0.33% | 1.52% | -0.03% | 0.02% | -0.35% | -0.89% | -3.40% | 0.53% | -0.05% |
| 2015 | 2.03% | -0.91% | 0.24% | -0.61% | -0.35% | -0.13% | 0.31% | 0.24% | 0.53% | 0.54% | 0.22% | 0.75% | 2.87% |
| 2014 | 1.78% | 1.47% | 0.38% | 1.16% | 1.64% | 0.23% | 0.00% | 1.26% | 0.34% | 0.89% | 0.04% | 0.29% | 9.85% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SHRCX is 13, meaning it’s performing worse than 87% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Western Asset California Municipals Fund (SHRCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Western Asset California Municipals Fund provided a 3.12% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.42 | $0.40 | $0.39 | $0.55 | $0.68 | $0.60 | $0.57 | $0.63 | $0.64 | $0.71 | $0.70 |
Dividend yield | 3.12% | 2.99% | 2.80% | 2.81% | 3.49% | 4.22% | 3.70% | 3.68% | 3.91% | 4.06% | 4.28% | 4.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset California Municipals Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.03 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
| 2024 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.19 | $0.55 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.19 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.12 | $0.68 |
| 2019 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.12 | $0.60 |
| 2018 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.57 |
| 2017 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.63 |
| 2016 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.64 |
| 2015 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.71 |
| 2014 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.70 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Western Asset California 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 California Municipals Fund was 16.84%, occurring on Oct 19, 1987. Recovery took 200 trading sessions.
The current Western Asset California Municipals Fund drawdown is 5.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.84% | Mar 6, 1987 | 158 | Oct 19, 1987 | 200 | Aug 2, 1988 | 358 |
| -15.78% | Sep 12, 2008 | 66 | Dec 15, 2008 | 177 | Aug 28, 2009 | 243 |
| -15.16% | Aug 6, 2021 | 307 | Oct 25, 2022 | — | — | — |
| -12.87% | Mar 3, 2020 | 14 | Mar 20, 2020 | 182 | Dec 8, 2020 | 196 |
| -12.63% | Dec 13, 1993 | 240 | Nov 22, 1994 | 97 | Apr 12, 1995 | 337 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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