# Portfolio overlap — LPPIX vs LSMSX Comparing **Western Asset Pennsylvania Municipals Fund** (2026-03-31) and **Western Asset SMASh Series TF Fund** (2026-02-27). - Shared positions: 14 - Western Asset Pennsylvania Municipals Fund covered by Western Asset SMASh Series TF Fund: 0.03470215979769105256472511402 - Western Asset SMASh Series TF Fund covered by Western Asset Pennsylvania Municipals Fund: 0.03470215979769105256472511402 ## Western Asset Pennsylvania Municipals Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Westmoreland County Municipal Authority | 0.096391 | | | Pennsylvania Turnpike Commission, Series 2022B | 0.065854 | | | Pennsylvania Turnpike Commission | 0.046853 | | | PHIL PA WTR 5% 10/1/2043 | 0.044079 | | | PHILADELPHIA PA ARPT REVENUE REGD B/E AMT 5.00000000 | 0.038841 | | | Lancaster (County of), PA Hospital Authority (Landis Homes Retirement Community), Series 2015, Ref. RB | 0.037057 | | | PHILADELPHIA PA GAS WKS REVENUE | 0.032336 | | | Pennsylvania Higher Educational Facilities Authority | 0.032257 | | | PHILADELPHIA PA AUTH FOR INDLDEV CITY SVC AGREEMENT REVENUE | 0.026599 | | | WILKES BARRE PA 4% 4/15/2049 | 0.026227 | | | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2018A-2 | 0.026068 | | | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Widener University, Series 2021A | 0.024338 | | | SOUTHCENTRL PA GEN AUTH REVENU SCAGEN 06/44 FIXED 4 | 0.023848 | | | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE | 0.021838 | | | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE | 0.021522 | | | PENNSYLVANIA ST ECON DEV FING REGD N/C B/E 4.00000000 | 0.020567 | | | PHILA PA 5% 2/1/2039 | 0.020112 | | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.75000000 | 0.018696 | | | Montgomery County Industrial Development Authority, Series 2023A | 0.016981 | | | DE RIVER JT TOLL | 0.016293 | | | LANCASTER H AUT 5% 11/1/2046 | 0.016245 | | | PENN STATE HEALTH OBL GRP | 0.015073 | | | PHILADELPHIA PA ENERGY AUTH | 0.013692 | | | Philadelphia Authority for Industrial Development, Series 2025, RB | 0.013674 | | | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2022B | 0.013332 | | | Commonwealth Financing Authority, Tobacco Master Settlement Payment | 0.013256 | | | Sports & Exhibition Authority of Pittsburgh & Allegheny County | 0.013087 | | | ERIE SWR AUTH | 0.013077 | | | PA MONDEV 5 11/15/2045 | 0.013000 | | | LANCASTER PA INDL DEV AUTH | 0.012739 | | | North Allegheny School District, Series 2019, GO Bonds | 0.012416 | | | PENNSYLVANIA ST ECON DEV FING REGD N/C B/E 4.00000000 | 0.011750 | | | PENNSYLVANIA ST ECON DEV FING AUTH SEWAGE SLUDGE DISP REVENU | 0.010494 | | | Bucks County Industrial Development Authority | 0.010131 | | | ST PUB SCH BLDG-A-REF | 0.009758 | | | Bucks County Water and Sewer Authority 4.00% 12/01/2042 | 0.009730 | | | PHILADELPHIA PA ENERGY AUTH | 0.009531 | | | Montgomery County Industrial Development Authority, Series 2021 A | 0.008297 | | | PHILIDELPHIA AUTH-B-1 | 0.007708 | | | HIGHLANDS AT WYOMISSING OBLIGATED GROUP 5.0% 05-15-47 | 0.007534 | | | Montgomery (County of), PA Industrial Development Authority (Germantown Academy), Series 2021, Ref. RB | 0.006872 | | | Bucks County Industrial Development Authority | 0.006852 | | | Bucks County Industrial Development Authority | 0.006442 | | | Berks County Industrial Development Authority, Series 2017 A | 0.006439 | | | PENNSYLVANIA ST ECON DEV FINGAUTH EXEMPT FACS REVENUE | 0.006435 | ✓ | | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.006311 | ✓ | | Montgomery (County of), PA Industrial Development Authority (Germantown Academy), Series 2021, Ref. RB | 0.005507 | | | RESTRUCTURED-SER A1 | 0.005277 | ✓ | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.005157 | ✓ | | Montgomery County Industrial Development Authority, Pennsylvania, Revenue Bonds, Germantown Academy Project, Series 2021A | 0.005150 | | ## Western Asset SMASh Series TF Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | NYC-D4-ADJ | 0.036862 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.023821 | | | ILLINOIS ST FIN AUTH REVENUE | 0.023551 | | | STATE OF NEW JERSEY NATL 0.0% 12-15-31 | 0.021980 | | | NYC MUNI WTR FIN-BB | 0.021802 | | | CALIFORNIA COMMUNITY VAR | 0.019613 | | | MET NASHVILLE TN ARPT AUTH ARPT REVENUE | 0.016061 | | | PENNSYLVANIA ST ECON DEV FING REGD OID B/E AMT 5.25000000 | 0.014067 | ✓ | | State of Illinois | 0.013779 | | | NOVANT HEALTH OBLIGATED GROUP 5.0% 12-01-35 | 0.011782 | | | Energy Southeast A Cooperative District, Series B-1 | 0.011553 | | | CTR PLN ENG GAS 5% 9/1/2033 | 0.011518 | | | CTR TX RMA 4% 1/1/2051 | 0.011517 | | | CHICAGO IL BRD OF EDU CHIEDU 12/40 FIXED 5 | 0.011384 | | | Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C | 0.011265 | | | OR FACS AUTH-B-REF | 0.011263 | | | IL CHI 5.5 01/01/2039 | 0.011056 | | | New York State Urban Development Corp. (Bidding Group 3), Series 2023 A, RB | 0.010824 | | | NY NYCUTL 5.25 06/15/2052 | 0.010818 | | | NY TRANSPRTN DEV CORP | 0.010749 | | | Chandler Industrial Development Authority | 0.010445 | | | NOVANT HEALTH OBLIGATED GROUP 5.0% 06-01-55 | 0.010268 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.009985 | ✓ | | PORT NY NJ 4% 7/15/2045 @ | 0.009936 | | | NY MTA DED 4% 11/15/2054 | 0.009504 | | | INDIANA ST FIN AUTH HLTH SYS R INSMED 12/49 FIXED 4 | 0.009484 | | | NYC GO 23A-4 Q=TD V1 | 0.009216 | | | CALIFORNIA COMMUNITY VAR | 0.009145 | | | NY TRANSPRTN DEV -AMT | 0.008573 | | | CHICAGO IL BRD OF EDU REGD B/E 5.00000000 | 0.008279 | | | Black Belt Energy Gas District (The) (Gas), Series 2022 F, RB | 0.008194 | | | CHICAGO IL BRD OF EDU DEDICATE REGD B/E 5.75000000 | 0.008179 | | | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.008148 | | | California Community Choice Financing Authority, Series 2025G | 0.008080 | | | Chandler Industrial Development Authority, Series 2019 | 0.007903 | | | RESTRUCTURED-SER A1 | 0.007798 | ✓ | | NY TRANS CORP 5% 6/30/2049 @ | 0.007769 | | | NY TRANS CORP 5% 7/1/46 @ | 0.007683 | | | NY TRANSPRTN DEV -AMT | 0.007675 | | | ELGIN TX ISD 4% 8/1/2049 | 0.007304 | | | WV HOSP FIN AUTH-C | 0.007168 | | | Van Alstyne Independent School District | 0.007113 | | | New York City Housing Development Corp | 0.006740 | | | St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Series 2017, Ref. RB | 0.006252 | | | Oneida County Local Development Corp., Series A | 0.005978 | | | LONGVIEW TX ISD 4% 2/15/2049 | 0.005852 | | | DENVER CO ARPT 5% 11/15/2032 @ | 0.005827 | | | Black Belt Energy Gas District, Series D | 0.005689 | | | MTRO WA DC ARPT 5% 10/1/2030 @ | 0.005676 | | | SALT VERDE FINL CORP GAS REV ARIZ SR | 0.005614 | | ## Sources - N-PORT (fund A) — accession `0000940400-26-020733` (as of 2026-03-31) - N-PORT (fund B) — accession `0000940400-26-014628` (as of 2026-02-27) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. 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