LMCUX — Western Asset California Municipals Fund
Data updated: 2026-07-22
LMCUX — Western Asset California Municipals Fund. Long Municipal - National Bond · $192.80M AUM. Holdings, fees, performance and SEC filings.
LMCUX Fund Overview
LMCUX — Western Asset California Municipals Fund is a US mutual fund managed by Legg Mason Partners Income Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Legg Mason Partners Income Trust
- Category: Long Municipal - National Bond
- Assets under management: $192.80M
- 1-year return: 7.7%
- Ticker: LMCUX
- SEC CIK: 0000764624
- SEC series ID: S000016644
- Share class ID: C000046488
LMCUX Holdings
Top 10 holdings of Western Asset California Municipals Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Los Angeles Cnty Calif Pub Wks Fing Auth | 7.98% |
| California Pollution Control Financing Authority (ca) | 5.45% |
| Northern California Energy Authority (ca) | 4.05% |
| California Community Choice Financing Authority (ca) | 3.43% |
| Long Beach Bond Finance Authority (ca) | 2.96% |
| San Diego County Regional Airport Authority (ca) | 2.79% |
| California State Public Works Board (ca) | 2.75% |
| Sacramento Calif Mun Util Dist | 2.73% |
| Southern California Public Power Authority (ca) | 2.66% |
| Los Angeles City Departement Of Water And Power (ca) | 2.63% |
LMCUX Portfolio Allocation
Asset-class allocation of Western Asset California Municipals Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 104.0% |
LMCUX Performance
Total returns for LMCUX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.4% |
| 1 year | 7.7% |
| 3 years (annualised) | 3.8% |
| 5 years (annualised) | 0.7% |
LMCUX Risk Information
Risk metrics for LMCUX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.4%
LMCUX Costs and Fees
LMCUX costs about $70 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.70%
- Gross expense ratio: 0.80%
- Portfolio turnover: 6%
- Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)
LMCUX Cashflows
Over the 12 months to 2026-05, Western Asset California Municipals Fund had net outflows of $24.60M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $1.16M |
| 2026-04 | −$1.82M |
| 2026-03 | −$2.56M |
| 2026-02 | $550.19K |
| 2026-01 | −$739.48K |
| 2025-12 | −$5.68M |
LMCUX Debt Constituents
Largest debt holdings of Western Asset California Municipals Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Los Angeles Cnty Calif Pub Wks Fing Auth | 7.98% |
| California Pollution Control Financing Authority (ca) | 5.45% |
| Northern California Energy Authority (ca) | 4.05% |
| California Community Choice Financing Authority (ca) | 3.43% |
| Long Beach Bond Finance Authority (ca) | 2.96% |
| San Diego County Regional Airport Authority (ca) | 2.79% |
| California State Public Works Board (ca) | 2.75% |
| Sacramento Calif Mun Util Dist | 2.73% |
| Southern California Public Power Authority (ca) | 2.66% |
| Los Angeles City Departement Of Water And Power (ca) | 2.63% |
LMCUX Prospectus and SEC Filings
Official Western Asset California Municipals Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-06-23
- Prospectus (485BPOS) — filed 2025-06-24
- Prospectus (485BPOS) — filed 2024-06-25
- Portfolio holdings (N-PORT) — filed 2026-07-22
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Portfolio holdings (N-PORT) — filed 2026-01-26
- Annual census (N-CEN) — filed 2026-05-06
- Annual census (N-CEN) — filed 2025-05-07
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.