Western Asset Municipal High Income Fund (MHF) vs Franklin Master Intermediate Income (PIM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Franklin Master Intermediate Income is the larger company by market cap ($144.1 million vs $138.0 million), about 1.0 times the size. On valuation, Franklin Master Intermediate Income trades at a lower trailing P/E (14.9x vs 16.8x for Western Asset Municipal High Income Fund). Franklin Master Intermediate Income offers the higher dividend yield (8.83% vs 6.57%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MHF | PIM |
|---|---|---|
| Share price | $6.21 | $2.99 |
| Market cap | $138.01M | $144.07M |
| 1-day change | +0.98% | 0.00% |
| YTD return | — | -10.48% |
| 1-year return | — | -12.57% |
| 5-year return | — | -26.54% |
| P/E ratio (TTM) | 16.78 | 14.95 |
| EPS (TTM) | $0.37 | $0.20 |
| Dividend yield | 6.57% | 8.83% |
| Annual dividend | $0.408 | $0.264 |
| 52-week high | $7.33 | $3.43 |
| 52-week low | $5.84 | $2.95 |
| Distance from 52-week high | -15.28% | -12.83% |
| Average volume | 79.39K | 63.01K |
| Shares outstanding | 22.22M | 48.18M |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | Finance Companies |
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
- Franklin Master Intermediate Income offers a meaningfully higher dividend yield (8.83% vs 6.57%).
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.
Finance · Finance/Investors Services
About Franklin Master Intermediate Income
PIM stock →Putnam Master Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited.
Finance · Finance Companies
MHF vs PIM FAQ
Which is bigger, Western Asset Municipal High Income Fund or Franklin Master Intermediate Income?
Franklin Master Intermediate Income (PIM) is larger, with a market capitalization of $144.07M compared with $138.01M for Western Asset Municipal High Income Fund (MHF).
Which has the lower P/E ratio, MHF or PIM?
PIM has the lower trailing P/E at 14.9, versus 16.8 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 Franklin Master Intermediate Income?
Franklin Master Intermediate Income has the higher yield at 8.83%, compared with 6.57% for Western Asset Municipal High Income Fund.
Are Western Asset Municipal High Income Fund and Franklin Master Intermediate Income in the same industry?
Both are in the Finance sector, but in different industries: Finance/Investors Services for Western Asset Municipal High Income Fund and Finance Companies for Franklin Master Intermediate Income.