Continue to site >
Trending ETFs

Name

As of

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

Vitals

YTD Return

N/A

1 yr return

11.1%

3 Yr Avg Return

6.8%

5 Yr Avg Return

5.3%

Net Assets

$121 M

Holdings in Top 10

52.2%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.59%

SALES FEES

Front Load N/A

Deferred Load 4.50%

TRADING FEES

Turnover 9.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of

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

SMABX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.88%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Massachusetts Municipals Fund
  • Fund Family Name
    Legg Mason/Western
  • Inception Date
    Nov 06, 1992
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Dennis J. McNamara

Fund Description


SMABX - Performance

Return Ranking - Trailing

Period SMABX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 270.1% N/A
1 Yr 11.1% -64.0% 270.1% N/A
3 Yr 6.8%* -41.4% 115.6% N/A
5 Yr 5.3%* -30.7% 58.6% N/A
10 Yr 4.4%* -8.4% 26.2% N/A

* Annualized

Return Ranking - Calendar

Period SMABX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -67.1% 73.0% N/A
2022 N/A -76.0% 74.8% N/A
2021 N/A -58.1% 900.0% N/A
2020 N/A -51.1% 336.8% N/A
2019 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period SMABX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 270.1% N/A
1 Yr 6.6% -64.0% 270.1% N/A
3 Yr 5.9%* -30.7% 115.6% N/A
5 Yr 5.1%* -30.7% 58.6% N/A
10 Yr 4.4%* -8.4% 26.3% N/A

* Annualized

Total Return Ranking - Calendar

Period SMABX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -67.1% 76.6% N/A
2022 N/A -30.7% 76.8% N/A
2021 N/A -58.1% 900.0% N/A
2020 N/A -51.1% 341.1% N/A
2019 N/A -60.1% 304.1% N/A

SMABX - Holdings

Concentration Analysis

SMABX Category Low Category High SMABX % Rank
Net Assets 121 M 0 814 B N/A
Number of Holdings 45 1 17358 N/A
Net Assets in Top 10 61.2 M -28.8 B 134 B N/A
Weighting of Top 10 52.16% 0.0% 20474.3% N/A

Top 10 Holdings

  1. Puerto Rico Sales Tax Fing Cor Sale 5.5% 6.39%
  2. Massachusetts St Health & Edl Rev 5.75% 5.74%
  3. Virgin Islands Pub Fin Auth 5% 5.60%
  4. Massachusetts St Health & Edl Rev Bds 5% 5.58%
  5. Massachusetts St Spl Obl Ded Ref Re 5.5% 5.44%
  6. Massachusetts St Port Auth 5% 4.77%
  7. Massachusetts Dept Transn Met Rev Bds 5% 4.69%
  8. Metropolitan Boston Tran Pkg C Rev Bd 5% 4.67%
  9. Puerto Rico Elec Pwr Auth 5.375% 4.65%
  10. Univ Mass Bldg Auth 5% 4.64%

Asset Allocation

Weighting Return Low Return High SMABX % Rank
Bonds
98.98% -955.59% 533.06% N/A
Cash
1.02% -483.27% 7388.76% N/A
Stocks
0.00% -142.98% 259.25% N/A
Preferred Stocks
0.00% -0.12% 80.89% N/A
Other
0.00% -7288.76% 493.15% N/A
Convertible Bonds
0.00% -0.37% 166.23% N/A

Bond Sector Breakdown

Weighting Return Low Return High SMABX % Rank
Municipal
98.98% 0.00% 110.18% N/A
Cash & Equivalents
1.02% -452.21% 7388.76% N/A
Derivative
0.00% -511.61% 48.69% N/A
Securitized
0.00% -35.05% 159.61% N/A
Corporate
0.00% -15.73% 3345.86% N/A
Government
0.00% -3298.93% 457.08% N/A

Bond Geographic Breakdown

Weighting Return Low Return High SMABX % Rank
US
98.98% -955.59% 499.56% N/A
Non US
0.00% -150.85% 464.75% N/A

SMABX - Expenses

Operational Fees

SMABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.59% 0.00% 928.63% N/A
Management Fee 0.50% 0.00% 2.87% N/A
12b-1 Fee 0.65% 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 52000.00% N/A

Sales Fees

SMABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 25.00% N/A
Deferred Load 4.50% 0.25% 5.50% N/A

Trading Fees

SMABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% 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.

SMABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 0.00% 5067.00% N/A

SMABX - Distributions

Dividend Yield Analysis

SMABX Category Low Category High SMABX % Rank
Dividend Yield 0.00% 0.00% 87.51% N/A

Dividend Distribution Analysis

SMABX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

SMABX Category Low Category High SMABX % Rank
Net Income Ratio 3.88% -46.00% 10.10% N/A

Capital Gain Distribution Analysis

SMABX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

SMABX - Fund Manager Analysis

Managers

Dennis J. McNamara


Start Date

Tenure

Tenure Rank

Sep 01, 2012

0.25

0.3%

Dennis McNamara, CFA, Portfolio Manager of Western Asset Management Company.Mr. McNamara joined the firm in 2001.

Stephen A. Walsh


Start Date

Tenure

Tenure Rank

Oct 30, 2006

6.09

6.1%

Walsh is a chief investment officer of Western Asset Management Company since September 2008. Prior to joining Western in 1990, he was a portfolio manager at Security Pacific Investment Managers from 1989 to 1991. Prior to that, Walsh was a portfolio manager at Atlantic Richfield Company from 1981 to 1988. He has over 27 years of investment experience

David T. Fare


Start Date

Tenure

Tenure Rank

Jan 12, 2006

6.89

6.9%

Fare is portfolio manger with Western Asset. Prior to joining the firm in 2005, he was with Citigroup Asset Management or one of its affiliates since 1989.

Robert E. Amodeo


Start Date

Tenure

Tenure Rank

Oct 30, 2006

6.09

6.1%

Amodeo is portfolio manger with Western Asset. Prior to joining the firm in 2005, he was a managing director and portfolio manger with Salomon Brothers Asset Management Inc. from 1992 to 2005. Amodeo holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 43.76 4.66 4.5