Class C - With Sales Charge (POP) (%)
Fixed Income
SORLX Western Asset Oregon Municipals Fund
Popular Documents
NAV
$9.73
As of 06/09/2026
YTD Total Returns At NAV
1.42%
As of 06/09/2026
Total Net Assets
$40.19M
As of 05/31/2026 (Updated Monthly)
Overview
Fund Facts
Fund description
Strives to provide Oregon investors with high monthly income exempt from regular federal income taxes and Oregon state personal income taxes as is consistent with preservation of capital. Focuses on sector rotation and issuer selection primarily within intermediate and long-term investment grade municipal securities. Utilizes a time-tested, value-oriented investment process led by a deep and experienced team of municipal bond specialists.
- Benchmark
- Bloomberg Oregon Municipal
- Fund Inception Date
- 05/23/1994
- Dividend Frequency, if any
- Monthly
- Distribution Rate at NAV
As of 06/09/2026 (Updated Daily) - 2.20%
- 30-Day SEC Yield—With Waiver
As of 05/31/2026 (Updated Monthly) - 2.77%
- 30-Day SEC Yield—Without Waiver
As of 05/31/2026 (Updated Monthly) - 2.24%
- Taxable Equivalent Yield—With Waiver
As of 05/31/2026 (Updated Monthly) - 4.68%
- Taxable Equivalent Yield—Without Waiver
As of 05/31/2026 (Updated Monthly) - 4.68%
Sales Charges, Expenses & Fees
- Gross Expense Ratio
- 1.64%
- Net Expense Ratio
- 1.30%
- Maximum Initial Charge
- —
- CDSC
- 1.00%
- 12b-1 Fee
- 0.70%
Identifiers
- Ticker
- SORLX
- Fund Number
- 7487
- CUSIP Code
- 52469N302
Average Annual Total Returns As of 05/31/2026
Class C
- 5.31%1 Year
- 2.90%3 Years
- -0.01%5 Years
- 1.04%10 Years
- 3.26%Since Inception
05/16/1995
Top Sectors
As of 05/31/2026 % of Total (Updated Monthly)
Local General Obligation35.16% | |
Hospital/Healthcare14.06% | |
Education8.08% | |
Transportation7.76% | |
Leasing7.66% |
Additional Fund Info
- Share Class Inception Date
- 05/16/1995
- Investment Style
- Municipals
- Lipper Classification
- Other States Municipal Debt Funds
- Morningstar Category
- Muni Single State Long
Manager and Commentary
About the Team
Western Asset Management is one of the world's leading global fixed income managers. Founded in 1971, the firm is known for team management and proprietary research, supported by robust risk management and a long-term fundamental value approach.
Latest Insights
June 4, 2026
May 22, 2026
May 20, 2026
May 13, 2026
Performance
Calendar Year Returns
As of 05/31/2026
Class C - Without Sales Charge (NAV) (%)
Bloomberg Oregon Municipal (%)
Ratings
Portfolio
Distributions & Tax
Pricing
Daily Fund Prices
52-Week Range
- Highest NAV
As of 02/27/2026 - $9.82
- Lowest NAV
As of 07/18/2025 - $9.25
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Western Asset Oregon Municipals Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Western Asset Oregon Municipals Fund Class C | |||
| Annual Financial Statements and Other Information - Western Asset Oregon Municipals Fund | |||
| Semi-Annual Report - Western Asset Oregon Municipals Fund - Class C | |||
| Semi-Annual Financial Statements and Other Information - Western Asset Oregon Municipals Fund | |||
| Prospectus - Western Asset Oregon Municipals Fund | |||
| Summary Prospectus - Western Asset Oregon Municipals Fund | |||
| Statement of Additional Information - Legg Mason Partners Income Trust Book 5 | |||
| Fiscal Q1 Holdings - Western Asset Oregon Municipals Fund | |||
| Fiscal Q3 Holdings - Western Asset Oregon Municipals Fund |
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Portfolios focused on a single state are subject to greater risk of adverse economic and regulatory changes in that state than a geographically diversified fund. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the fund's performance and result in greater fluctuation in the value of the fund's shares. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. An investor may be subject to the federal Alternative Minimum Tax, and state and local taxes may apply. These and other risks are discussed in the fund’s prospectus.