Western Asset Pennsylvania Municipals B
Legg Mason & Co., LLC55 Water Street, 32nd FloorNew York, NY 10004
Map
Phone: 877-721-1926
| Category: | Muni Pennsylvania | | Fund Family: | Legg Mason | | Net Assets: | 328.45M | | Year-to-Date Return: | 0.64% | | Yield: | 2.96% | | Morningstar Rating: |  | | Fund Inception Date: | Jun 19, 1994 |
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Stephen A. Walsh
Lead Manager since Apr 15, 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 |
| Min Initial Investment: | 1,000 | | Min Initial Investment, IRA: | N/A | | Min Initial Investment, AIP: | 50 | | Min Subsequent Investment: | 50 | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | 50 |
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| 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.
The fund normally 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. It focuses on investment grade bonds but may invest up to 20% of its assets in below investment grade bonds. The fund is non-diversified. |
| Last Dividend
(Apr 29, 2013)
:
| 0.03 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(May 15, 2013)
:
| 11.00% | | Average for Category: | 10.95% |
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| Expense | SBPBX | Category Avg |
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| Annual Report Expense Ratio (net): | 1.42% | 0.96% | | Prospectus Net Expense Ratio: | 1.43% | N/A | | Prospectus Gross Expense Ratio: | 1.43% | N/A | | Max 12b1 Fee: | 0.65% | N/A | | Max Front End Sales Load: | N/A | 4.17% | | Max Deferred Sales Load:
| 4.50% | 2.71% | | 3 Yr Expense Projection*: | 753 | 529 | | 5 Yr Expense Projection*: | 882 | 760 | | 10 Yr Expense Projection*: | 1,515 | 1,414 |
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0.02(0.15%) May 23