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Trending ETFs

Western Asset Managed Municipals Fund

mutual fund
SHMMX
Payout Change
Pending
Price as of:
$14.9 +0.01 +0.07%
primary theme
Municipal Bond
share class
A (SHMMX) I (SMMYX) Other (SMMOX) I (SSMMX) C (SMMCX)
SHMMX (Mutual Fund)

Western Asset Managed Municipals Fund

Payout Change
Pending
Price as of:
$14.9 +0.01 +0.07%
primary theme
Municipal Bond
share class
A (SHMMX) I (SMMYX) Other (SMMOX) I (SSMMX) C (SMMCX)
SHMMX (Mutual Fund)

Western Asset Managed Municipals Fund

Payout Change
Pending
Price as of:
$14.9 +0.01 +0.07%
primary theme
Municipal Bond
share class
A (SHMMX) I (SMMYX) Other (SMMOX) I (SSMMX) C (SMMCX)

Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Western Asset Managed Municipals Fund

SHMMX | Fund

$14.90

$3.1 B

3.38%

$0.50

0.70%

Vitals

YTD Return

2.1%

1 yr return

2.2%

3 Yr Avg Return

-0.8%

5 Yr Avg Return

0.8%

Net Assets

$3.1 B

Holdings in Top 10

9.5%

52 WEEK LOW AND HIGH

$14.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load 4.25%

Deferred Load N/A

TRADING FEES

Turnover 11.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Western Asset Managed Municipals Fund

SHMMX | Fund

$14.90

$3.1 B

3.38%

$0.50

0.70%

SHMMX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return -0.8%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.41%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Managed Municipals Fund
  • Fund Family Name
    Legg Mason
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Fare

SHMMX - Performance

Return Ranking - Trailing

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -7.3% 37.5% 34.25%
1 Yr 2.2% -7.4% 37.6% 36.47%
3 Yr -0.8%* -11.8% 5.1% 46.17%
5 Yr 0.8%* -7.4% 1103.2% 40.22%
10 Yr 2.0%* -1.1% 248.8% 28.52%

* Annualized

Return Ranking - Calendar

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
2023 3.1% -1.4% 41.0% 36.43%
2022 -12.6% -39.7% 0.3% 61.91%
2021 0.7% -5.6% 6.9% 12.44%
2020 1.3% -2.6% 310.0% 67.58%
2019 3.7% 0.0% 26.0% 55.51%

Total Return Ranking - Trailing

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -7.3% 37.5% 34.25%
1 Yr 2.2% -7.4% 37.6% 36.47%
3 Yr -0.8%* -11.8% 5.1% 46.17%
5 Yr 0.8%* -7.4% 1103.2% 40.22%
10 Yr 2.0%* -1.1% 248.8% 28.52%

* Annualized

Total Return Ranking - Calendar

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
2023 6.9% -1.3% 41.0% 19.60%
2022 -9.9% -39.7% 1.1% 57.06%
2021 3.4% -4.8% 23761504.0% 12.03%
2020 3.3% -1.5% 17057.9% 67.58%
2019 7.6% 0.2% 3514.6% 20.88%

NAV & Total Return History

SHMMX - Holdings

Concentration Analysis

SHMMX Category Low Category High SHMMX % Rank
Net Assets 3.1 B 3.22 M 71.9 B 11.36%
Number of Holdings 764 4 13418 14.51%
Net Assets in Top 10 300 M -317 M 3.09 B 12.63%
Weighting of Top 10 9.48% 1.8% 100.3% 83.00%

Top 10 Holdings

  1. Puerto Rico Commonwealth Aqueduct Sewer Authority 1.17%
  2. Kentucky Public Energy Authority 1.09%
  3. New York State Urban Development Corp (TOBs) 1.03%
  4. California Community Choice Financing Authority 0.99%
  5. State of Illinois 0.98%
  6. Triborough Bridge Tunnel Authority 0.95%
  7. Florida Development Finance Corp 0.87%
  8. M-S-R Energy Authority 0.80%
  9. New York State Dormitory Authority (TOBs) 0.80%
  10. Metropolitan Pier Exposition Authority 0.79%

Asset Allocation

Weighting Return Low Return High SHMMX % Rank
Bonds 		103.56% 0.00% 150.86% 4.36%
Stocks 		0.00% 0.00% 99.77% 52.48%
Preferred Stocks 		0.00% 0.00% 0.07% 44.19%
Convertible Bonds 		0.00% 0.00% 0.93% 43.90%
Cash 		0.00% -50.86% 44.62% 89.79%
Other 		-0.05% -3.69% 53.54% 96.31%

Bond Sector Breakdown

Weighting Return Low Return High SHMMX % Rank
Municipal 		99.85% 44.39% 100.00% 18.75%
Cash & Equivalents 		0.00% 0.00% 44.41% 76.70%
Securitized 		0.00% 0.00% 5.93% 48.69%
Corporate 		0.00% 0.00% 9.41% 56.78%
Government 		0.00% 0.00% 52.02% 51.65%
Derivative 		-0.05% -3.69% 53.54% 96.51%

Bond Geographic Breakdown

Weighting Return Low Return High SHMMX % Rank
US 		103.56% 0.00% 142.23% 4.37%
Non US 		0.00% 0.00% 23.89% 46.68%

SHMMX - Expenses

Operational Fees

SHMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.01% 8.02% 54.23%
Management Fee 0.40% 0.00% 1.20% 40.81%
12b-1 Fee 0.15% 0.00% 1.00% 23.29%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

SHMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 0.50% 4.75% 17.53%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

SHMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SHMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 283.00% 26.06%

SHMMX - Distributions

Dividend Yield Analysis

SHMMX Category Low Category High SHMMX % Rank
Dividend Yield 3.38% 0.00% 14.51% 19.33%

Dividend Distribution Analysis

SHMMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

SHMMX Category Low Category High SHMMX % Rank
Net Income Ratio 2.41% -0.53% 5.33% 23.39%

Capital Gain Distribution Analysis

SHMMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SHMMX - Fund Manager Analysis

Managers

David Fare

Start Date

Tenure

Tenure Rank

Dec 31, 2004

17.42

17.4%

David T. Fare is a Portfolio Manager at Western Asset. He has been with Western Asset since 2005.

Robert Amodeo

Start Date

Tenure

Tenure Rank

Feb 02, 2007

15.33

15.3%

– Western Asset Management Company, LLC – Head of Municipals, 2005- – Salomon Brothers Asset Management – Analyst to Managing Director, Portfolio Manager, 1992-2005 – Salomon Brothers Inc. – Accountant to Analyst, 1988-1992 – The Bank of New York – Accountant, 1987-1988 – Columbia University, M.P.A., Advanced Management and Finance – Long Island University, B.S. – Chartered Financial Analyst

S. Leech

Start Date

Tenure

Tenure Rank

Mar 31, 2014

8.17

8.2%

– Western Asset Management Company, LLC – Chief Investment Officer, 1990– – Greenwich Capital Markets – Portfolio Manager, 1988–1990 – The First Boston Corporation – Fixed Income Manager, 1980–1988 – National Bank of Detroit – Portfolio Manager, 1977–1980 – The Wharton School, University of Pennsylvania, M.B.A., B.S., B.A., summa cum laude, 1972–1976

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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