Western Asset Municipal High Income Fund (STXAX)
Under normal circumstances, the fund invests at least 80% of its assets in "municipal securities." It will invest primarily in municipal securities rated at the time of purchase in the lowest investment grade categories (that is, securities rated in the Baa/BBB categories) or rated below investment grade (that is, securities rated below the Baa/BBB categories) or, if unrated, determined by the sub-adviser to be of comparable credit quality.
Fund Info
US52469F5807
52469F580
Nov 5, 1992
$1,000
Expense Ratio
STXAX has an expense ratio of 0.83%, 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 Municipal High Income Fund (STXAX) returned -2.33% year-to-date (YTD) and 0.16% over the past 12 months. Over the past 10 years, STXAX returned 2.40% annually, underperforming the S&P 500 benchmark at 10.79%.
STXAX
-2.33%
0.97%
-2.40%
0.16%
2.23%
2.40%
^GSPC (Benchmark)
0.60%
9.64%
-0.54%
11.47%
15.67%
10.79%
Monthly Returns
The table below presents the monthly returns of STXAX, 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 | 0.33% | 1.15% | -1.67% | -1.65% | -0.48% | -2.33% | |||||||
| 2024 | 0.42% | 0.15% | 0.33% | -1.31% | 0.41% | 2.04% | 0.79% | 0.93% | 1.07% | -1.43% | 1.54% | -1.51% | 3.39% |
| 2023 | 3.60% | -2.33% | 1.54% | 0.41% | -0.30% | 0.82% | 0.33% | -1.16% | -3.19% | -2.04% | 7.41% | 3.13% | 8.03% |
| 2022 | -2.33% | -0.62% | -2.96% | -2.83% | 0.90% | -2.60% | 2.79% | -2.06% | -4.45% | -1.63% | 5.08% | -0.20% | -10.74% |
| 2021 | 1.39% | -1.48% | 0.76% | 1.37% | 0.81% | 0.66% | 0.79% | -0.44% | -1.00% | -0.23% | 1.07% | 0.17% | 3.89% |
| 2020 | 1.84% | 1.38% | -8.21% | -1.86% | 2.74% | 2.80% | 2.10% | 0.06% | -0.08% | -0.07% | 2.21% | 1.33% | 3.78% |
| 2019 | 0.60% | 0.58% | 1.63% | 0.51% | 1.29% | 0.42% | 0.56% | 1.75% | -0.58% | 0.32% | 0.24% | 0.31% | 7.87% |
| 2018 | -0.68% | -0.23% | 0.22% | -0.22% | 1.08% | 0.26% | 0.27% | 0.35% | -0.50% | -0.77% | 0.58% | 0.74% | 1.08% |
| 2017 | 0.43% | 1.06% | 0.52% | 0.87% | 1.43% | 0.07% | 0.64% | 0.71% | -0.20% | 0.02% | 0.00% | 1.07% | 6.81% |
| 2016 | 1.32% | 0.18% | 1.17% | 0.79% | 0.61% | 1.89% | 0.05% | 0.39% | -0.15% | -1.01% | -4.13% | 0.43% | 1.43% |
| 2015 | 1.54% | -0.34% | 0.23% | -0.33% | -0.25% | -0.19% | -0.10% | -0.12% | 0.44% | 0.79% | 0.14% | 0.78% | 2.62% |
| 2014 | 2.08% | 0.99% | 0.76% | 1.46% | 2.57% | 0.37% | 0.23% | 1.28% | 0.79% | 0.53% | 0.03% | 0.58% | 12.29% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of STXAX is 20, meaning it’s performing worse than 80% 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 Municipal High Income Fund (STXAX) 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 Municipal High Income Fund provided a 3.92% dividend yield over the last twelve months, with an annual payout of $0.49 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.49 | $0.51 | $0.45 | $0.43 | $0.48 | $0.59 | $0.60 | $0.62 | $0.58 | $0.63 | $0.64 |
Dividend yield | 3.92% | 3.81% | 3.90% | 3.61% | 2.98% | 3.33% | 4.12% | 4.30% | 4.31% | 4.12% | 4.41% | 4.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset Municipal High Income 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 | $0.04 | $0.04 | $0.04 | $0.00 | $0.16 | |||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.51 |
| 2022 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.45 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.43 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2019 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.59 |
| 2018 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.60 |
| 2017 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
| 2016 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.58 |
| 2015 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.63 |
| 2014 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.64 |
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 Municipal High Income 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 Municipal High Income Fund was 21.99%, occurring on Dec 17, 2008. Recovery took 184 trading sessions.
The current Western Asset Municipal High Income Fund drawdown is 4.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.99% | Jun 5, 2008 | 136 | Dec 17, 2008 | 184 | Sep 11, 2009 | 320 |
| -15.98% | Aug 5, 2021 | 309 | Oct 25, 2022 | 467 | Sep 5, 2024 | 776 |
| -15.09% | Mar 2, 2020 | 16 | Mar 23, 2020 | 184 | Dec 11, 2020 | 200 |
| -10.66% | Feb 1, 1994 | 208 | Nov 17, 1994 | 105 | Apr 13, 1995 | 313 |
| -10.6% | May 21, 2013 | 75 | Sep 5, 2013 | 230 | Aug 5, 2014 | 305 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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