Western Asset Massachusetts Muni B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
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
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 ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Massachusetts Municipals Fund
-
Fund Family NameLegg Mason/Western
-
Inception DateNov 06, 1992
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDennis 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
- Puerto Rico Sales Tax Fing Cor Sale 5.5% 6.39%
- Massachusetts St Health & Edl Rev 5.75% 5.74%
- Virgin Islands Pub Fin Auth 5% 5.60%
- Massachusetts St Health & Edl Rev Bds 5% 5.58%
- Massachusetts St Spl Obl Ded Ref Re 5.5% 5.44%
- Massachusetts St Port Auth 5% 4.77%
- Massachusetts Dept Transn Met Rev Bds 5% 4.69%
- Metropolitan Boston Tran Pkg C Rev Bd 5% 4.67%
- Puerto Rico Elec Pwr Auth 5.375% 4.65%
- 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
Date | Amount | Type |
---|---|---|
Nov 30, 2012 | $0.034 | |
Oct 31, 2012 | $0.035 | |
Sep 28, 2012 | $0.030 | |
Aug 31, 2012 | $0.038 | |
Jul 31, 2012 | $0.034 | |
Jun 29, 2012 | $0.036 | |
May 31, 2012 | $0.037 | |
Apr 30, 2012 | $0.036 | |
Mar 30, 2012 | $0.038 | |
Feb 29, 2012 | $0.035 | |
Jan 31, 2012 | $0.035 | |
Dec 30, 2011 | $0.041 | |
Nov 30, 2011 | $0.038 | |
Oct 31, 2011 | $0.037 | |
Sep 30, 2011 | $0.038 | |
Aug 31, 2011 | $0.041 | |
Jul 29, 2011 | $0.046 | |
Jun 30, 2011 | $0.044 | |
May 31, 2011 | $0.044 | |
Apr 29, 2011 | $0.046 | |
Mar 31, 2011 | $0.046 | |
Feb 28, 2011 | $0.041 | |
Jan 31, 2011 | $0.042 | |
Dec 31, 2010 | $0.048 | |
Nov 30, 2010 | $0.043 | |
Oct 29, 2010 | $0.044 | |
Sep 30, 2010 | $0.040 | |
Aug 31, 2010 | $0.042 | |
Jul 30, 2010 | $0.043 | |
Jun 30, 2010 | $0.041 | |
May 28, 2010 | $0.040 | |
Apr 30, 2010 | $0.043 | |
Mar 31, 2010 | $0.042 | |
Feb 26, 2010 | $0.037 | |
Jan 29, 2010 | $0.035 | |
Dec 31, 2009 | $0.046 | |
Nov 30, 2009 | $0.038 | |
Oct 30, 2009 | $0.040 | |
Sep 30, 2009 | $0.037 | |
Aug 31, 2009 | $0.034 | |
Jul 31, 2009 | $0.041 | |
Jun 30, 2009 | $0.037 | |
May 29, 2009 | $0.036 | |
Apr 30, 2009 | $0.035 | |
Mar 31, 2009 | $0.036 | |
Feb 27, 2009 | $0.034 | |
Jan 30, 2009 | $0.039 | |
Dec 31, 2008 | $0.041 | |
Nov 28, 2008 | $0.038 | |
Oct 31, 2008 | $0.045 | |
Sep 30, 2008 | $0.038 | |
Aug 29, 2008 | $0.040 | |
Jul 31, 2008 | $0.039 | |
Jun 30, 2008 | $0.035 | |
May 30, 2008 | $0.039 | |
Apr 30, 2008 | $0.036 | |
Mar 31, 2008 | $0.035 | |
Feb 29, 2008 | $0.036 | |
Jan 31, 2008 | $0.034 | |
Dec 31, 2007 | $0.035 | |
Nov 30, 2007 | $0.036 | |
Oct 31, 2007 | $0.034 | |
Sep 28, 2007 | $0.030 | |
Aug 31, 2007 | $0.038 | |
Jul 31, 2007 | $0.035 | |
Jun 29, 2007 | $0.036 | |
May 31, 2007 | $0.036 | |
Apr 30, 2007 | $0.034 | |
Mar 30, 2007 | $0.039 | |
Feb 28, 2007 | $0.036 | |
Jan 31, 2007 | $0.037 | |
Dec 29, 2006 | $0.040 | |
Nov 30, 2006 | $0.037 | |
Oct 31, 2006 | $0.040 | |
Sep 29, 2006 | $0.039 | |
Aug 31, 2006 | $0.041 | |
Jul 31, 2006 | $0.041 | |
Jun 30, 2006 | $0.044 | |
May 31, 2006 | $0.042 | |
Apr 28, 2006 | $0.041 |
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 |