Is MHF a Friend, Question Mark or Foe?

MHF is classified a Question Mark under the Income Quality Score framework, based on long-duration distribution and total-return history. This is a research classification, not investment advice.

How safe is the MHF distribution?

A Question Mark is an income asset with a mixed or incomplete quality record — some income-quality signals are strong while others are weak, or the available history is too short to classify with confidence. It warrants a closer look rather than a conclusion.

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Public snapshot

MHF Income Quality Score

Name: MHF Income Quality Score
Creator: Income Quality Score
Keywords: MHF income quality, MHF dividend quality, MHF dividend safety, MHF distribution history, MHF dividend score, MHF analysis, Western Asset Municipal High Income Fund dividend

Western Asset Municipal High Income Fund (MHF) has an Income Quality Score of 64/100, classified as a Question Mark with high confidence, based on a 10-year income and total-return history.

Western Asset Municipal High Income Fund (MHF) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of June 30, 2026Lookback: 10-year

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Long-term focused10-year income and total-return analysis

Data-drivenObjective scoring across 4 quality, distribution and risk signals

Clear classificationFriends to own. Foes to avoid.

IQ Score

64/100

Question MarkHigh confidence

Asset Type

CEF

Exchange

—

Trailing Yield (TTM)

Not published

No normalized trailing yield is published for closed-end funds in this snapshot.

Rank in CEF Universe

96 of 358

Lookback

10-year

Data as of

June 30, 2026

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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.

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MHFWestern Asset Municipal High Income Fund

64Question MarkHigh confidence

Snapshot: 2026-06
Data as of: 2026-06-30
Lookback: 10-year
Asset type: Closed-End Fund

IQ Score History

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases, marked on the line. Where the methodology changed, the line is broken rather than joined across the change.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage

49/100

Working Capital Preservation

61/100

Distribution Cut Score

100/100

Distribution Trend

68/100

What is working

Working capital preserved over time
No material annual distribution decline across 10 full years of data
Distributions growing year-over-year

Distribution Safety

6Years raised

0Years cut

38Years of data

RisingCurrent trend

High confidence (10-year history)

19890.485Held
19900.72Raised
19910.72Held
19920.72Held
19930.67Lower total
19940.6Lower total
19950.6Held
19960.6Held
19970.6Held
19980.6Held
19990.6Held
20000.6Held
20010.582Lower total
20020.5695Lower total
20030.558Lower total
20040.5275Lower total
20050.435Lower total
20060.388Lower total
20070.408Raised
20080.429Raised
20090.444Raised
20100.444Held
20110.436Held
20120.406Lower total
20130.376Lower total
20140.364Lower total
20150.347Lower total
20160.3245Lower total
20170.306Lower total
20180.306Held
20190.3048Held
20200.2816Lower total
20210.2596Lower total
20220.2376Lower total
20230.2428Held
20240.384Raised
20250.408Raised
20260.204Partial year

Distributions per year, from the frozen distribution-stability signal. “Lower total” means the calendar-year sum was smaller than the prior year (often a special-distribution rolloff or timing shift), but did not decline more than the engine's 10% material-decline threshold — see Years Cut above for years that did.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.