The Western Asset Municipal High Income Fund Class I (LMHIX) is a mutual fund that primarily invests in municipal bonds issued by state and local governments. These bonds are typically tax-exempt and offer a steady stream of income to investors. This fund is managed by Western Asset Management Company, a leading fixed-income investment firm. With a focus on high-yield municipal bonds, this fund aims to provide investors with a high level of income while also maintaining a level of capital preservation. As a Class I fund, it is designed for institutional investors and may have lower fees and higher minimum investment requirements compared to other classes of the same fund. Overall, the Western Asset Municipal High Income Fund Class I offers a diversified and potentially tax-efficient option for investors seeking income from the municipal bond market.