LPPIX Performance — Western Asset Pennsylvania Municipals Fund, Class I
Data updated: 2026-08-27
LPPIX returned +2.62% year to date and +7.61% over one year to Jun 2026. Annualised returns are +4.20% over 3 years and +0.73% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $113, against $111 for the category, and to $108 over one year, against $106. Volatility over the past three years was 5.57% a year. In the 12 months to Jun 2026 the fund lost a net $2.6M, and assets reached $78.51M.
LPPIX Growth of $100
What $100 invested in Western Asset Pennsylvania Municipals Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | LPPIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $108 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $113 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $104 | $105 |
| Since data start (Jul 2019 – Jun 2026) | $112 | $112 |
LPPIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.62% |
| 1 year | +7.61% |
| 3 years (annualised) | +4.20% |
| 5 years (annualised) | +0.73% |
LPPIX Annual Returns
Calendar-year total returns of Western Asset Pennsylvania Municipals Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.62% |
| 2025 | +4.22% |
| 2024 | +2.68% |
| 2023 | +4.91% |
| 2022 | −10.30% |
| 2021 | +2.40% |
| 2020 | +4.07% |
| 2019 (Jul–Dec) | +2.00% |
LPPIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.3% | −1.7% | +1.1% | +0.4% | +0.9% | — | — | — | — | — | — |
| 2025 | +0.4% | +1.0% | −1.4% | −0.8% | −0.4% | +0.7% | −0.5% | +1.0% | +2.6% | +1.3% | +0.3% | +0.2% |
| 2024 | +0.1% | +0.1% | +0.2% | −1.2% | 0.0% | +1.8% | +0.9% | +0.9% | +1.0% | −1.3% | +1.5% | −1.4% |
| 2023 | +2.8% | −2.4% | +1.9% | −0.1% | −0.7% | +0.4% | +0.2% | −1.4% | −2.8% | −1.8% | +6.4% | +2.6% |
| 2022 | −2.7% | −0.7% | −3.0% | −3.1% | +1.1% | −2.1% | +2.4% | −2.1% | −3.7% | −1.2% | +4.8% | 0.0% |
| 2021 | +0.8% | −1.5% | +0.7% | +1.1% | +0.6% | +0.4% | +0.9% | −0.4% | −0.9% | −0.2% | +0.9% | +0.1% |
| 2020 | +1.9% | +1.3% | −3.8% | −2.1% | +2.9% | +0.8% | +1.5% | −0.3% | +0.1% | −0.1% | +1.5% | +0.6% |
| 2019 | — | — | — | — | — | — | +0.7% | +1.8% | −0.8% | 0.0% | +0.1% | +0.2% |
LPPIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 5.57%
- 3-year Sharpe ratio: -0.05 (vs 4.5% risk-free rate)
- Best month: +6.38% (Nov 2023)
- Worst month: −2.75% (Sep 2023)
LPPIX Fund Flows
Monthly money in and out of Western Asset Pennsylvania Municipals Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.6M
- 12-month gross sales (incl. reinvestments): $12.2M
- Sales ÷ redemptions: 0.82×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $752K | $1.5M | −$734K |
| May 2026 | $643K | $890K | −$246K |
| Apr 2026 | $814K | $1.2M | −$383K |
| Mar 2026 | $524K | $819K | −$295K |
| Feb 2026 | $555K | $722K | −$167K |
| Jan 2026 | $727K | $1.4M | −$628K |
| Dec 2025 | $1.8M | $2.1M | −$299K |
| Nov 2025 | $608K | $1.6M | −$960K |
| Oct 2025 | $388K | $1.1M | −$706K |
| Sep 2025 | $847K | $898K | −$51K |
| Aug 2025 | $1.0M | $1.2M | −$124K |
| Jul 2025 | $3.5M | $1.5M | $2.0M |
LPPIX Assets Under Management
Net assets of Western Asset Pennsylvania Municipals Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $78.51M |
| 2026-03-31 | $78.63M |
| 2025-12-31 | $80.21M |
| 2025-09-30 | $81.37M |
| 2025-06-30 | $77.78M |
| 2025-03-31 | $81.35M |
| 2024-12-31 | $84.34M |
| 2024-09-30 | $90.87M |
| 2024-06-28 | $92.79M |
| 2024-03-28 | $95.00M |
| 2023-12-29 | $96.48M |
| 2023-09-29 | $97.82M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.