MHF - Western Asset Municipal High Income Fund

What this means for you

1607 Capital owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.

Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.

Email me if this changes

What happened, and when

1. July 21, 2025

   The fund said it may sell new shares.

   Original document →

2. July 16, 2025

   The fund said it may sell new shares.

   Original document →

3. May 9, 2025

   The fund said it may sell new shares.

   Original document →

4. Nov 14, 2024

   1607 Capital sold down below 5% and stopped reporting.

   Original document →

5. Feb 8, 2024

   1607 Capital now owns 5.5%, as a passive investor.

   Original document →

About this fund

• Run by Western Asset. At its last yearly report (Oct 31, 2025) the fund was run by Franklin Templeton Fund Adviser, LLC. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Size: about $153 million of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 4% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.6% a year in management fees; 0.8% a year in total, including interest on borrowed money. Fiscal year ended Oct 31, 2025. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Oct 31, 2025) the fund paid $0.41 a share. $0.25 of that was income; $0.16 was your own money back, not income. As of Oct 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Oct 31, 2025): $7.00. The shares traded at $7.05, about 0.7% above that. As of Oct 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap ranged from 10.9% below to 10.8% above. As of Oct 31, 2025, from the fund's annual report. Original document →
• How the holdings did: up 1% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +0.9%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Oct 31, 2025): the value of the holdings returned +2.6%. How the share price did: the shares returned +6.8% over the same year, counting payouts and the change in the market price. As of Oct 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 1994.

What the fund holds

Almost all tax-free municipal bonds (100%). About 100% issued in the U.S.

1. New Jersey Transportation Trust Fund Authority (NJ), NJ Njstrn 5 06/15/2042 - 2.8%
2. Oregon Facilities Authority (or), Or Orsfac 08/01/2034 - 2.4%
3. New York Transportation Development Corp (NY), NY Nyttrn 5.38 06/30/2060 - 2.1%
4. Puerto Rico Sales Tax Financing, Pr Prcgen 4.75 07/01/2053 - 1.9%
5. Pennsylvania Economic Development Financing Authority (PA), PA Pasdev 5.25 06/30/2053 - 1.7%
6. Texas Transn Commn, TX Txstrn 5 04/01/2042 - 1.6%
7. M-S-R Energy Authority (CA), CA Msrpwr 6.5 11/01/2039 - 1.6%
8. M-S-R Energy Authority (CA), CA Msrpwr 7 11/01/2034 - 1.6%
9. New York City Transitional Finance Authority (NY), NY Nycgen 5 02/01/2047 - 1.5%
10. Broward (FL), County of, FL Brotrn 4 09/01/2049 - 1.4%

As of April 30, 2026, from the fund's quarterly holdings report. Original document →