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Western Asset Pennsylvania Municipals I (LPPIX)

12.93 0.00(0.00%) Jul 21

Profile as of Jun 29, 2014Get Profile for:
Western Asset Pennsylvania Municipals I
Legg Mason & Co., LLC55 Water Street, 32nd FloorNew York, NY 10004
Map
Phone: 877-721-1926
Fund Overview 
Category:Muni Pennsylvania
Fund Family:Legg Mason
Net Assets:226.09M
Year-to-Date Return:6.69%
Yield:3.99%
Morningstar Rating:3 stars
Fund Inception Date:Feb 4, 2008
Morningstar Style Box 
Muni Pennsylvania
[View Category Definition]
View Top Muni Pennsylvania Funds
About the Morningstar Style Box
Management Information 
Stephen A. Walsh
Lead Manager since Apr 16, 2007
Walsh is a chief investment officer of Western Asset Management Company since September 2008. Prior to joining Western in 1990, he was a portfolio manager at Security Pacific Investment Managers from 1989 to 1991. Prior to that, Walsh was a portfolio manager at Atlantic Richfield Company from 1981 to 1988. He has over 27 years of investment experience
Investment Information 
Min Initial Investment:1,000,000
Min Initial Investment, IRA:N/A
Min Initial Investment, AIP:1,000,000
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
LPPIX can be purchased from 40 brokerages.

Fund Summary 
The investment seeks as high a level of income exempt from regular federal income tax and Pennsylvania personal income taxes as is consistent with prudent investing. Under normal circumstances, the fund invests at least 80% of its assets in "Pennsylvania municipal securities." Pennsylvania municipal securities are securities and other investments with similar economic characteristics the interest on which is exempt from regular federal income tax and Pennsylvania state personal income taxes but which may be subject to the federal alternative minimum tax. It is non-diversified.

Fund Operations 
Last Dividend (Jun 29, 2014) : 0.04
Last Cap Gain : 0.00
Annual Holdings Turnover (Jul 17, 2014) : 6.00%
Average for Category:8.84%
Fees & Expenses 
ExpenseLPPIXCategory Avg
Annual Report Expense Ratio (net):0.59%0.93%
Prospectus Net Expense Ratio:0.58%N/A
Prospectus Gross Expense Ratio:0.58%N/A
Max 12b1 Fee:N/AN/A
Max Front End Sales Load:N/A4.25%
Max Deferred Sales Load: N/A2.42%
3 Yr Expense Projection*:186501
5 Yr Expense Projection*:323733
10 Yr Expense Projection*:7251,383
* Per $10,000 invested