Western Asset Managed Municipals B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
4.3%
3 Yr Avg Return
3.0%
5 Yr Avg Return
5.3%
Net Assets
$5.05 B
Holdings in Top 10
11.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.23%
SALES FEES
Front Load N/A
Deferred Load 4.50%
TRADING FEES
Turnover 5.00%
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
SMMBX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 2.1%
- 5 Yr Annualized Total Return 5.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.20%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Managed Municipals Fund
-
Fund Family NameLegg Mason
-
Inception DateNov 06, 1992
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDennis J. McNamara
Fund Description
SMMBX - Performance
Return Ranking - Trailing
Period | SMMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 0.0% | 5.8% | N/A |
1 Yr | 4.3% | -2.6% | 5.6% | N/A |
3 Yr | 3.0%* | -3.2% | 1.4% | N/A |
5 Yr | 5.3%* | -1.8% | 2.3% | N/A |
10 Yr | 4.7%* | -8.7% | 2.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | SMMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -4.8% | 0.8% | N/A |
2022 | N/A | -0.9% | 5.6% | N/A |
2021 | N/A | -6.1% | 7.3% | N/A |
2020 | N/A | -10.9% | 2.6% | N/A |
2019 | N/A | -60.4% | 12.0% | N/A |
Total Return Ranking - Trailing
Period | SMMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 0.0% | 6.0% | N/A |
1 Yr | -0.2% | -2.5% | 7.0% | N/A |
3 Yr | 2.1%* | -3.2% | 3.2% | N/A |
5 Yr | 5.1%* | -1.8% | 3.7% | N/A |
10 Yr | 4.7%* | -8.7% | 4.8% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | SMMBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -4.8% | 1.7% | N/A |
2022 | N/A | -0.9% | 6.2% | N/A |
2021 | N/A | -6.1% | 7.3% | N/A |
2020 | N/A | -9.6% | 3.9% | N/A |
2019 | N/A | -60.4% | 12.0% | N/A |
SMMBX - Holdings
Concentration Analysis
SMMBX | Category Low | Category High | SMMBX % Rank | |
---|---|---|---|---|
Net Assets | 5.05 B | 762 K | 68.3 B | N/A |
Number of Holdings | 552 | 3 | 8426 | N/A |
Net Assets in Top 10 | 578 M | -4.59 M | 2.02 B | N/A |
Weighting of Top 10 | 11.69% | 2.5% | 100.0% | N/A |
Top 10 Holdings
- M-S-R Engy Auth 6.5% 1.70%
- Texas Mun Gas Acquisition & Su Sr 6.25% 1.47%
- Public Auth 6.5% 1.29%
- Atlanta Ga Wtr & Waste Wtr Rev Ref 6.25% 1.22%
- North Tex Twy Auth 0.02% 1.20%
- Jefferson Cnty Ala Swr Rev Swr Rev W 1.04%
- Harris Cnty Tex Indl Dev Corp Rev Bds 5% 1.01%
- Bay Area Toll Auth 5.125% 0.99%
- New Jersey St Higher Ed Assist Re 6.125% 0.88%
- New York N Y City Mun Wtr Fin 2nd 0.55% 0.88%
Asset Allocation
Weighting | Return Low | Return High | SMMBX % Rank | |
---|---|---|---|---|
Bonds | 100.16% | 17.56% | 101.83% | N/A |
Stocks | 0.00% | 0.00% | 0.39% | N/A |
Preferred Stocks | 0.00% | 0.00% | 8.94% | N/A |
Other | 0.00% | -1.53% | 30.00% | N/A |
Convertible Bonds | 0.00% | 0.00% | 2.66% | N/A |
Cash | -0.17% | -1.83% | 82.44% | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | SMMBX % Rank | |
---|---|---|---|---|
Municipal | 100.16% | 0.00% | 104.99% | N/A |
Derivative | 0.00% | 0.00% | 0.08% | N/A |
Securitized | 0.00% | 0.00% | 23.62% | N/A |
Corporate | 0.00% | 0.00% | 39.71% | N/A |
Government | 0.00% | -6.32% | 93.35% | N/A |
Cash & Equivalents | -0.17% | -2.41% | 82.44% | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SMMBX % Rank | |
---|---|---|---|---|
US | 100.16% | 17.56% | 101.37% | N/A |
Non US | 0.00% | 0.00% | 23.82% | N/A |
SMMBX - Expenses
Operational Fees
SMMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.23% | 0.09% | 4.80% | N/A |
Management Fee | 0.45% | 0.00% | 0.65% | N/A |
12b-1 Fee | 0.65% | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.34% | N/A |
Sales Fees
SMMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | 4.50% | 0.50% | 5.50% | N/A |
Trading Fees
SMMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
SMMBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 5.00% | 0.00% | 739.25% | N/A |
SMMBX - Distributions
Dividend Yield Analysis
SMMBX | Category Low | Category High | SMMBX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 2.53% | N/A |
Dividend Distribution Analysis
SMMBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
SMMBX | Category Low | Category High | SMMBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.20% | 0.01% | 4.95% | N/A |
Capital Gain Distribution Analysis
SMMBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
May 31, 2016 | $0.041 | |
Apr 29, 2016 | $0.043 | |
Mar 31, 2016 | $0.044 | |
Feb 29, 2016 | $0.043 | |
Jan 29, 2016 | $0.040 | |
Dec 31, 2015 | $0.049 | |
Nov 30, 2015 | $0.043 | |
Oct 30, 2015 | $0.045 | |
Sep 30, 2015 | $0.043 | |
Aug 31, 2015 | $0.041 | |
Jul 31, 2015 | $0.047 | |
Jun 30, 2015 | $0.045 | |
May 29, 2015 | $0.046 | |
Apr 30, 2015 | $0.044 | |
Mar 31, 2015 | $0.047 | |
Feb 27, 2015 | $0.046 | |
Jan 30, 2015 | $0.050 | |
Dec 31, 2014 | $0.049 | |
Nov 28, 2014 | $0.041 | |
Oct 31, 2014 | $0.048 | |
Sep 30, 2014 | $0.045 | |
Aug 29, 2014 | $0.049 | |
Jul 31, 2014 | $0.046 | |
Jun 30, 2014 | $0.044 | |
May 30, 2014 | $0.050 | |
Apr 30, 2014 | $0.046 | |
Mar 31, 2014 | $0.044 | |
Feb 28, 2014 | $0.045 | |
Jan 31, 2014 | $0.052 | |
Dec 31, 2013 | $0.050 | |
Nov 29, 2013 | $0.050 | |
Oct 31, 2013 | $0.049 | |
Sep 30, 2013 | $0.047 | |
Aug 30, 2013 | $0.049 | |
Jul 31, 2013 | $0.049 | |
Jun 28, 2013 | $0.043 | |
May 31, 2013 | $0.046 | |
Apr 30, 2013 | $0.045 | |
Mar 28, 2013 | $0.047 | |
Feb 28, 2013 | $0.044 | |
Jan 31, 2013 | $0.047 | |
Dec 31, 2012 | $0.046 | |
Nov 30, 2012 | $0.044 | |
Oct 31, 2012 | $0.046 | |
Sep 28, 2012 | $0.041 | |
Aug 31, 2012 | $0.052 | |
Jul 31, 2012 | $0.046 | |
Jun 29, 2012 | $0.049 | |
May 31, 2012 | $0.049 | |
Apr 30, 2012 | $0.046 | |
Mar 30, 2012 | $0.049 | |
Feb 29, 2012 | $0.048 | |
Jan 31, 2012 | $0.048 | |
Dec 30, 2011 | $0.056 | |
Nov 30, 2011 | $0.051 | |
Oct 31, 2011 | $0.049 | |
Sep 30, 2011 | $0.051 | |
Aug 31, 2011 | $0.057 | |
Jul 29, 2011 | $0.058 | |
Jun 30, 2011 | $0.057 | |
May 31, 2011 | $0.057 | |
Apr 29, 2011 | $0.060 | |
Mar 31, 2011 | $0.060 | |
Feb 28, 2011 | $0.055 | |
Jan 31, 2011 | $0.058 | |
Dec 31, 2010 | $0.064 | |
Nov 30, 2010 | $0.056 | |
Oct 29, 2010 | $0.057 | |
Sep 30, 2010 | $0.055 | |
Aug 31, 2010 | $0.056 | |
Jul 30, 2010 | $0.062 | |
Jun 30, 2010 | $0.062 | |
May 28, 2010 | $0.055 | |
Apr 30, 2010 | $0.058 | |
Mar 31, 2010 | $0.056 | |
Feb 26, 2010 | $0.051 | |
Jan 29, 2010 | $0.052 | |
Dec 31, 2009 | $0.064 | |
Nov 30, 2009 | $0.054 | |
Oct 30, 2009 | $0.057 | |
Sep 30, 2009 | $0.053 | |
Aug 31, 2009 | $0.053 | |
Jul 31, 2009 | $0.061 | |
Jun 30, 2009 | $0.054 | |
May 29, 2009 | $0.055 | |
Apr 30, 2009 | $0.053 | |
Mar 31, 2009 | $0.052 | |
Feb 27, 2009 | $0.049 | |
Jan 30, 2009 | $0.055 | |
Dec 31, 2008 | $0.060 | |
Nov 28, 2008 | $0.051 | |
Oct 31, 2008 | $0.061 | |
Sep 30, 2008 | $0.052 | |
Aug 29, 2008 | $0.056 | |
Jul 31, 2008 | $0.054 | |
Jun 30, 2008 | $0.050 | |
May 30, 2008 | $0.055 | |
Apr 30, 2008 | $0.051 | |
Mar 31, 2008 | $0.049 | |
Feb 29, 2008 | $0.053 | |
Jan 31, 2008 | $0.051 | |
Dec 31, 2007 | $0.051 | |
Nov 30, 2007 | $0.054 | |
Oct 31, 2007 | $0.052 | |
Sep 28, 2007 | $0.046 | |
Aug 31, 2007 | $0.058 | |
Jul 31, 2007 | $0.051 | |
Jun 29, 2007 | $0.053 | |
May 31, 2007 | $0.053 | |
Apr 30, 2007 | $0.049 | |
Mar 30, 2007 | $0.055 | |
Feb 28, 2007 | $0.048 | |
Jan 31, 2007 | $0.049 | |
Dec 29, 2006 | $0.052 | |
Nov 30, 2006 | $0.049 | |
Oct 31, 2006 | $0.051 | |
Sep 29, 2006 | $0.051 | |
Aug 31, 2006 | $0.052 | |
Jul 31, 2006 | $0.052 | |
Jun 30, 2006 | $0.054 | |
May 31, 2006 | $0.052 | |
Apr 28, 2006 | $0.047 |
SMMBX - Fund Manager Analysis
Managers
Dennis J. McNamara
Start Date
Tenure
Tenure Rank
Sep 01, 2012
3.75
3.8%
Dennis McNamara, CFA, Portfolio Manager of Western Asset Management Company.Mr. McNamara joined the firm in 2001.
S. Kenneth Leech
Start Date
Tenure
Tenure Rank
Mar 31, 2014
2.17
2.2%
Leech transitioned into a CIO Emeritus role in September 2008 and joined Western Asset as Chief Investment Officer in 1990. Prior to joining Western in 1990, he was a portfolio manager with Greenwich Capital Markets from 1988 to 1990; the First Boston Corporation from 1980 to 1988; and the National Bank of Detroit from 1977 to 1980. He has over 32 years of investment experience.
David T. Fare
Start Date
Tenure
Tenure Rank
Dec 31, 2004
11.42
11.4%
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
Feb 02, 2007
9.33
9.3%
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 | 39.77 | 7.57 | 4.32 |