(MHF) Western Asset Municipal - Overview
Fund: Municipal, Bonds, High, Yield, Tax-Exempt
Dividends
| Dividend Yield | 5.81% |
| Yield on Cost 5y | 6.94% |
| Yield CAGR 5y | 11.71% |
| Payout Consistency | 93.2% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 8.73% |
| Relative Tail Risk | -4.45% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.01 |
| Alpha | -3.42 |
| Character TTM | |
|---|---|
| Beta | 0.198 |
| Beta Downside | 0.238 |
| Drawdowns 3y | |
|---|---|
| Max DD | 13.32% |
| CAGR/Max DD | 0.48 |
Description: MHF Western Asset Municipal January 17, 2026
Western Asset Municipal High Income Closed Fund (NYSE:MHF) is a U.S.-based closed-end fund that focuses on high-yield municipal bonds, aiming to deliver income that exceeds the average municipal market while preserving capital.
Key metrics as of the latest filing (Q4 2025) show a weighted-average coupon of roughly 5.4% and a distribution yield near 6.2%, reflecting the fund’s emphasis on lower-rated (BB/B-) munis. The portfolio’s duration sits at about 4.5 years, making it moderately sensitive to interest-rate shifts, while its credit quality distribution is roughly 55% BB/B- and 45% A-/AA-.
Primary drivers of performance include the prevailing municipal-bond supply-demand balance, the health of state and local government finances, and the broader interest-rate environment set by Federal Reserve policy. A tightening fiscal outlook in high-tax states or a rapid increase in short-term rates could pressure the fund’s net asset value, whereas a stable or easing rate outlook and strong credit fundamentals in the issuing jurisdictions tend to support its income profile.
For a deeper, data-driven dive into MHF’s risk-adjusted returns and how its exposure compares to peers, you might find ValueRay’s analytical tools worth exploring.
What is the price of MHF shares?
Over the past week, the price has changed by +1.11%, over one month by +1.47%, over three months by +2.17% and over the past year by +2.39%.
Is MHF a buy, sell or hold?
What are the forecasts/targets for the MHF price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 7.6 | 9% |
MHF Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 146.1m USD (146.1m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 146.1m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 146.1m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.64% (E(146.1m)/V(146.1m) * Re(6.64%) + (debt-free company))
Discount Rate = 6.64% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)