See what your fund actually adds
Western Asset Pennsylvania Municipals Fund Class A SBPAX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | SBPAX | Replication |
|---|---|---|
| Annualized growth | -0.6% | -0.2% |
| Annualized volatility | 5.2% | 4.9% |
| Sharpe ratio | -0.09 | -0.02 |
| Maximum drawdown | 14.6% | 12.1% |
| Replication fit (R²) | 0.97 · Tracking error 0.9% | |
Replication portfolio
The published portfolio below is the investable basket used to model SBPAX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 96.9% |
| SPTL | FI · Long Gov | 3.1% |