Western Asset Municipal Part:MNP

    Manage Alerts


    As of 8/20/2019

    52 Wk Avg$14.31$16.04-10.79%
    52 Wk High$15.70$16.96-6.92%
    52 Wk Low$13.26$15.46-14.93%
    Regular Distribution TypeIncome Only
    Distribution Rate4.02%
    Distribution Amount$0.0575
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks high current income exempt from Federal income tax and capital preservation through investment in investment grade tax exempt municipal bonds

    Capital Structure

    As of 8/20/2019

    Total Net Assets:$248.724M
    Total Common Assets:$164.641M
    Common Shares Outstanding:9,719,063

    As of 5/31/2019

    Preferred Share Assets: $84.000M
    Type of Preferred: Variable Rate Demand Preferred
    Total Debt (USD):
    Structural Leverage (USD): $84.000M
    Structural Leverage (%): 34.44%
    Effective Leverage (USD): $84.000M
    Effective Leverage (%): 34.44%
    Annual Expense Ratios

    As of 11/30/2018

      Per Common Share
    Management Fees0.85%
    Other Expenses:0.57%
    Baseline Expense: 1.42%
    Interest Expense:0.00%
    Total: 1.42%
    Fund Management

    Fund Sponsor
    Legg Mason Partners Fund Advisors, LLC

    Portfolio Managers
    Robert E. Amodeo (01 Jul 2011) / David T. Fare (01 Jul 2011) / Kenneth Leech (31 Mar 2014)

    Category: Tax-Free Income-National
    Ticker: MNP
    NAV Ticker: XMNPX
    Average Daily Volume (shares): 23,000
    Average Daily Volume (USD): $0.327M
    Inception Date: 1/29/1993
    Inception Share Price: $15.00
    Inception NAV: $14.10
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports


    As of 8/20/2019

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 5/31/2019
    Annualized Distribution Rate on NAV:
    As of 8/20/2019
    Total Return on NAV (12 months):
    As of 8/20/2019
    Avg. UNII Per Share:
    As of 5/31/2018
    Avg. Portfolio Coupon:
    As of 8/20/2019
    Total % Portfolio Effectively Leveraged:
    As of 8/20/2019
    Taxable Equivalent Yield

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 8/20/2019

    PeriodAvg Discount
    6 Month-9.83%
    1 Year-10.79%
    3 Year-8.36%
    5 Year-7.73%

    As of 8/21/2019

    3 Month1.80
    6 Month2.20
    1 Year1.90
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 8/20/2019
    Category: National Municipal Leveraged Non-Insured

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 8/20/2019
    Category: National Municipal Leveraged Non-Insured

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    As of 6/30/2017
    Average Coupon:
    As of 8/20/2019
    Number of Holdings:
    As of 6/30/2019
    Annual Portfolio Turnover:
    As of 11/30/2018
    Asset Allocation

    As of 1/31/2018 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2017 reported by Fund Sponsor

    Transportation 21.22%
    Industrial Revenue 15.52%
    Water & Sewer 13.69%
    Health Care 12.14%
    Lease Backed 7.28%
    Education 6.49%
    Pre refunded / Escrowed t5.41%
    Local 4.74%
    Special Tax Obligation 3.89%
    Power 3.28%
    State Allocation

    As of 1/31/2018 reported by Fund Sponsor

    State% Portfolio
    New York15.95%
    New Jersey7.61%
    Top Holdings

    As of 4/30/2019 reported by Fund Sponsor

    HoldingValue% Portfolio
    New Jersey St Transn Tr Fd Aut Trans 5% 5.00 15 Jun 2038$6.41M2.66%
    Public Auth 6.5% 6.50 15 Nov 2038$6.08M2.53%
    Central Bradford Progress Auth 5% 5.00 01 Dec 2026$5.61M2.33%
    Charlotte-Mecklenberg Hosp Aut Health 5% 5.00 15 Jan 2031$5.46M2.27%
    New York N Y City Mun Wtr Fin Second 5% 5.00 15 Jun 2031$5.12M2.13%
    Port Auth 5% 5.00 15 Jan 2041$5.05M2.10%
    Northeast Ohio Regl Swr Dist 5% 5.00 15 Nov 2043$4.66M1.94%
    New York St Dorm Auth 5.5% 5.50 15 May 2030$4.49M1.87%
    Public Fin Auth 5% 5.00 01 Jul 2042$4.31M1.79%
    M-S-R Engy Auth 7% 7.00 01 Nov 2034$3.75M1.56%
    Tennessee Engy Acquisition C Gas Rev 5% 5.00 01 Feb 2020$3.67M1.52%
    Credit Quality

    As of 3/31/2019 reported by Fund Sponsor

    Country Allocation

    As of 8/31/2015 reported by Fund Sponsor

    Country% Portfolio
    USA 100.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.


    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    1 Taxable equivalent yield is the yield or distribution rate needed from a taxable investment to be economically equal to receiving the stated tax-free yield from a municipal bond investment. Please note that the income levels shown in the calculator do not reflect (i) any federal or state limitations on the amounts of allowable itemized deductions, phaseouts of personal or dependent exemption credits or other allowable credits, (ii) any local taxes imposed, or (iii) any alternative minimum taxes or any taxes other than personal income taxes. The user is responsible for selecting the applicable federal and, as applicable, state tax rates. The stated federal tax rates for joint incomes over $250,000 include the 3.8% medicare tax imposed on the net investment income of certain taxpayers with higher incomes. This calculator is for illustrative purposes only and is not intended to represent actual performance, or to predict future performance, of any Nuveen Investments product. Certain taxpayers may find their effective marginal tax rates to be greater than those shown in the calculator. In that case, the taxable equivalent yield may be even higher.

    The Tax Cuts and Jobs Act of 2017 doubles the standard deduction and implements a limit for itemizing state and local income taxes, state and local property taxes, and sales taxes on 2018 tax filings. Since it is expected that fewer investors will deduct state income taxes for federal filing purposes, this calculator does not contemplate a federal benefit for state taxes paid, and the effective tax rate therefore represents the applicable federal income tax rate plus the applicable state income tax rate. If you itemize your deductions and have not exceeded your cap on deducting state taxes, your taxable equivalent yield will generally be lower than the rate calculated above.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.