SHRSX Performance — Western Asset California Municipals Fund, Class IS
Data updated: 2026-07-22
SHRSX returned +1.47% year to date and +7.74% over one year to May 2026. Annualised returns are +3.90% over 3 years and +0.74% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $112, against $112 for the category, and to $108 over one year, against $107. Volatility over the past three years was 5.40% a year. In the 12 months to May 2026 the fund lost a net $24.6M, and assets reached $192.80M.
SHRSX Growth of $100
What $100 invested in Western Asset California Municipals Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | SHRSX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $107 |
| 3 years (Jun 2023 – May 2026) | $112 | $112 |
| 5 years (Jun 2021 – May 2026) | $104 | $103 |
| Since data start (Sep 2019 – May 2026) | $109 | $109 |
SHRSX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.47% |
| 1 year | +7.74% |
| 3 years (annualised) | +3.90% |
| 5 years (annualised) | +0.74% |
SHRSX Annual Returns
Calendar-year total returns of Western Asset California Municipals Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.47% |
| 2025 | +4.20% |
| 2024 | +2.38% |
| 2023 | +5.91% |
| 2022 | −10.30% |
| 2021 | +2.35% |
| 2020 | +4.09% |
| 2019 (Sep–Dec) | −0.16% |
SHRSX 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 | +0.7% | +1.4% | −2.2% | +1.1% | +0.5% | — | — | — | — | — | — | — |
| 2025 | 0.0% | +1.3% | −1.6% | −1.1% | −0.5% | +0.7% | −0.5% | +1.1% | +3.0% | +1.4% | +0.3% | +0.1% |
| 2024 | −0.1% | +0.2% | +0.3% | −1.1% | +0.3% | +1.6% | +0.7% | +0.6% | +1.0% | −1.3% | +1.6% | −1.3% |
| 2023 | +2.8% | −1.8% | +1.6% | +0.2% | −0.5% | +0.3% | +0.3% | −1.1% | −2.5% | −1.5% | +5.9% | +2.4% |
| 2022 | −2.7% | −0.7% | −3.0% | −3.3% | +1.1% | −2.2% | +2.8% | −2.0% | −4.1% | −1.0% | +4.7% | 0.0% |
| 2021 | +0.8% | −1.8% | +0.7% | +1.1% | +0.7% | +0.3% | +0.9% | −0.4% | −0.9% | −0.1% | +1.0% | +0.1% |
| 2020 | +1.9% | +1.4% | −6.2% | −1.2% | +3.3% | +1.1% | +1.8% | −0.2% | −0.1% | −0.2% | +1.9% | +0.8% |
| 2019 | — | — | — | — | — | — | — | — | −0.7% | +0.1% | +0.1% | +0.4% |
SHRSX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.40%
- 3-year Sharpe ratio: -0.11 (vs 4.5% risk-free rate)
- Best month: +5.85% (Nov 2023)
- Worst month: −2.45% (Sep 2023)
SHRSX Fund Flows
Monthly money in and out of Western Asset California Municipals Fund, from SEC Form N-PORT.
- 12-month net flow: −$24.6M
- 12-month gross sales (incl. reinvestments): $26.4M
- Sales ÷ redemptions: 0.52×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $3.9M | $2.8M | $1.2M |
| Apr 2026 | $1.8M | $3.6M | −$1.8M |
| Mar 2026 | $3.4M | $5.9M | −$2.6M |
| Feb 2026 | $2.2M | $1.6M | $550K |
| Jan 2026 | $1.9M | $2.6M | −$739K |
| Dec 2025 | $2.3M | $8.0M | −$5.7M |
| Nov 2025 | $2.5M | $5.4M | −$2.8M |
| Oct 2025 | $1.4M | $2.5M | −$1.2M |
| Sep 2025 | $2.0M | $3.5M | −$1.5M |
| Aug 2025 | $1.4M | $5.1M | −$3.7M |
| Jul 2025 | $1.6M | $4.3M | −$2.7M |
| Jun 2025 | $2.1M | $5.6M | −$3.6M |
SHRSX Assets Under Management
Net assets of Western Asset California Municipals Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $192.80M |
| 2026-02-27 | $198.94M |
| 2025-11-28 | $202.37M |
| 2025-08-29 | $200.16M |
| 2025-05-30 | $209.30M |
| 2025-02-28 | $221.70M |
| 2024-11-29 | $231.96M |
| 2024-08-30 | $235.78M |
| 2024-05-31 | $234.72M |
| 2024-02-29 | $245.62M |
| 2023-11-30 | $251.99M |
| 2023-08-31 | $270.10M |
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.