Western Asset Municipal High Income Fund (MHF) vs Morgan Stanley Emerging Markets Debt Fund (MSD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Western Asset Municipal High Income Fund is the larger company by market cap ($136.7 million vs $134.5 million), about 1.0 times the size. On valuation, Morgan Stanley Emerging Markets Debt Fund trades at a lower trailing P/E (6.3x vs 16.6x for Western Asset Municipal High Income Fund). Morgan Stanley Emerging Markets Debt Fund offers the higher dividend yield (8.87% vs 6.63%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | MHF | MSD |
|---|---|---|
| Share price | $6.15 | $6.65 |
| Market cap | $136.68M | $134.54M |
| 1-day change | -2.07% | -0.60% |
| P/E ratio (TTM) | 16.62 | 6.27 |
| EPS (TTM) | $0.37 | $1.06 |
| Dividend yield | 6.63% | 8.87% |
| Annual dividend | $0.408 | $0.59 |
| 52-week high | $7.33 | $7.94 |
| 52-week low | $5.84 | $6.62 |
| Distance from 52-week high | -16.10% | -16.25% |
| Average volume | 77.08K | 65.78K |
| Shares outstanding | 22.22M | 20.23M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Western Asset Municipal High Income Fund trades at a higher earnings multiple (16.6x vs 6.3x trailing P/E).
- Morgan Stanley Emerging Markets Debt Fund offers a meaningfully higher dividend yield (8.87% vs 6.63%).
About Western Asset Municipal High Income Fund
MHF stock →Western Asset Municipal High Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Financial Services · Asset Management
About Morgan Stanley Emerging Markets Debt Fund
MSD stock →Morgan Stanley Emerging Markets Debt Fund, Inc. is a closed ended fixed income fund launched and managed by Morgan Stanley Investment Management Inc.
Financial Services · Asset Management
MHF vs MSD FAQ
Which is bigger, Western Asset Municipal High Income Fund or Morgan Stanley Emerging Markets Debt Fund?
Western Asset Municipal High Income Fund (MHF) is larger, with a market capitalization of $136.68M compared with $134.54M for Morgan Stanley Emerging Markets Debt Fund (MSD).
Which has the lower P/E ratio, MHF or MSD?
MSD has the lower trailing P/E at 6.3, versus 16.6 for MHF. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Western Asset Municipal High Income Fund or Morgan Stanley Emerging Markets Debt Fund?
Morgan Stanley Emerging Markets Debt Fund has the higher yield at 8.87%, compared with 6.63% for Western Asset Municipal High Income Fund.
Are Western Asset Municipal High Income Fund and Morgan Stanley Emerging Markets Debt Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.