Western Asset Managed Municipals Fund
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.1%
1 yr return
3.0%
3 Yr Avg Return
-0.9%
5 Yr Avg Return
1.1%
Net Assets
$3.16 B
Holdings in Top 10
9.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.43%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 11.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SSMMX - Profile
Distributions
- YTD Total Return -0.1%
- 3 Yr Annualized Total Return -0.9%
- 5 Yr Annualized Total Return 1.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.61%
- Dividend Yield 3.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Managed Municipals Fund
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateMar 16, 2018
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Fare
Fund Description
SSMMX - Performance
Return Ranking - Trailing
Period | SSMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.1% | -4.9% | 8.8% | 18.45% |
1 Yr | 3.0% | -4.9% | 29.7% | 15.73% |
3 Yr | -0.9%* | -11.4% | 2.5% | 30.31% |
5 Yr | 1.1%* | -6.4% | 1101.3% | 20.38% |
10 Yr | N/A* | -0.5% | 248.1% | 27.62% |
* Annualized
Return Ranking - Calendar
Period | SSMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.2% | -1.4% | 41.0% | 32.90% |
2022 | -12.5% | -39.7% | 0.3% | 62.40% |
2021 | 0.7% | -5.6% | 6.9% | 12.02% |
2020 | 1.3% | -2.6% | 310.0% | 71.22% |
2019 | 3.7% | 0.0% | 26.0% | 51.04% |
Total Return Ranking - Trailing
Period | SSMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.1% | -4.9% | 8.8% | 18.45% |
1 Yr | 3.0% | -4.9% | 29.7% | 15.73% |
3 Yr | -0.9%* | -11.4% | 2.5% | 30.31% |
5 Yr | 1.1%* | -6.4% | 1101.3% | 20.38% |
10 Yr | N/A* | -0.5% | 248.1% | 27.75% |
* Annualized
Total Return Ranking - Calendar
Period | SSMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.3% | -1.3% | 41.0% | 13.88% |
2022 | -9.7% | -39.7% | 1.1% | 54.82% |
2021 | 3.6% | -4.8% | 23761504.0% | 8.70% |
2020 | 3.3% | -1.5% | 17057.9% | 65.51% |
2019 | 7.6% | 0.2% | 3514.6% | 20.13% |
NAV & Total Return History
SSMMX - Holdings
Concentration Analysis
SSMMX | Category Low | Category High | SSMMX % Rank | |
---|---|---|---|---|
Net Assets | 3.16 B | 3.22 M | 71.9 B | 10.40% |
Number of Holdings | 789 | 2 | 13067 | 13.52% |
Net Assets in Top 10 | 300 M | -317 M | 3.56 B | 12.09% |
Weighting of Top 10 | 9.50% | 2.0% | 100.2% | 85.31% |
Top 10 Holdings
- Puerto Rico Commonwealth Aqueduct Sewer Authority 1.16%
- Kentucky Public Energy Authority 1.09%
- West Jefferson Industrial Development Board 1.07%
- New York State Urban Development Corp (TOBs) 1.05%
- State of Illinois 0.99%
- Triborough Bridge Tunnel Authority 0.96%
- M-S-R Energy Authority 0.81%
- New York State Dormitory Authority (TOBs) 0.80%
- New York City Transitional Finance Authority Future Tax Secured Revenue 0.79%
- New York State Dormitory Authority (TOBs) 0.78%
Asset Allocation
Weighting | Return Low | Return High | SSMMX % Rank | |
---|---|---|---|---|
Bonds | 101.36% | 0.00% | 150.86% | 5.00% |
Other | 0.04% | -3.18% | 23.38% | 8.32% |
Stocks | 0.00% | 0.00% | 99.81% | 13.12% |
Preferred Stocks | 0.00% | 0.00% | 0.10% | 1.88% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 1.89% |
Cash | 0.00% | -50.86% | 46.80% | 90.19% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SSMMX % Rank | |
---|---|---|---|---|
Municipal | 99.85% | 44.39% | 100.00% | 18.79% |
Derivative | 0.04% | -3.18% | 23.38% | 4.42% |
Cash & Equivalents | 0.00% | 0.00% | 46.24% | 67.19% |
Securitized | 0.00% | 0.00% | 5.93% | 27.14% |
Corporate | 0.00% | 0.00% | 9.41% | 21.07% |
Government | 0.00% | 0.00% | 52.02% | 9.07% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SSMMX % Rank | |
---|---|---|---|---|
US | 101.36% | 0.00% | 142.23% | 4.48% |
Non US | 0.00% | 0.00% | 23.89% | 10.85% |
SSMMX - Expenses
Operational Fees
SSMMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.43% | 0.01% | 20.65% | 89.00% |
Management Fee | 0.40% | 0.00% | 1.20% | 37.92% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
SSMMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
SSMMX 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.
SSMMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 11.00% | 0.00% | 283.00% | 24.66% |
SSMMX - Distributions
Dividend Yield Analysis
SSMMX | Category Low | Category High | SSMMX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.46% | 0.00% | 14.60% | 11.23% |
Dividend Distribution Analysis
SSMMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
SSMMX | Category Low | Category High | SSMMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.61% | -0.53% | 5.33% | 14.40% |
Capital Gain Distribution Analysis
SSMMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.043 | OrdinaryDividend |
Mar 28, 2024 | $0.044 | DailyAccrualFund |
Feb 29, 2024 | $0.041 | DailyAccrualFund |
Jan 31, 2024 | $0.045 | DailyAccrualFund |
Dec 29, 2023 | $0.049 | DailyAccrualFund |
Nov 30, 2023 | $0.044 | DailyAccrualFund |
Oct 31, 2023 | $0.044 | DailyAccrualFund |
Sep 29, 2023 | $0.044 | DailyAccrualFund |
Aug 31, 2023 | $0.044 | DailyAccrualFund |
Jul 31, 2023 | $0.041 | DailyAccrualFund |
Jun 30, 2023 | $0.045 | DailyAccrualFund |
May 31, 2023 | $0.044 | DailyAccrualFund |
Apr 28, 2023 | $0.039 | DailyAccrualFund |
Mar 31, 2023 | $0.047 | DailyAccrualFund |
Feb 28, 2023 | $0.040 | DailyAccrualFund |
Jan 31, 2023 | $0.041 | DailyAccrualFund |
Dec 30, 2022 | $0.046 | DailyAccrualFund |
Nov 30, 2022 | $0.041 | DailyAccrualFund |
Oct 31, 2022 | $0.040 | DailyAccrualFund |
Sep 30, 2022 | $0.042 | DailyAccrualFund |
Aug 31, 2022 | $0.040 | DailyAccrualFund |
Jul 29, 2022 | $0.039 | DailyAccrualFund |
Jun 30, 2022 | $0.037 | DailyAccrualFund |
May 31, 2022 | $0.036 | DailyAccrualFund |
Apr 29, 2022 | $0.036 | DailyAccrualFund |
Mar 31, 2022 | $0.035 | DailyAccrualFund |
Feb 28, 2022 | $0.031 | DailyAccrualFund |
Jan 31, 2022 | $0.032 | DailyAccrualFund |
Dec 31, 2021 | $0.037 | DailyAccrualFund |
Nov 30, 2021 | $0.035 | DailyAccrualFund |
Oct 29, 2021 | $0.037 | DailyAccrualFund |
Sep 30, 2021 | $0.036 | DailyAccrualFund |
Aug 31, 2021 | $0.036 | DailyAccrualFund |
Jul 30, 2021 | $0.039 | DailyAccrualFund |
Jun 30, 2021 | $0.037 | DailyAccrualFund |
May 28, 2021 | $0.036 | DailyAccrualFund |
Apr 30, 2021 | $0.041 | DailyAccrualFund |
Mar 31, 2021 | $0.040 | DailyAccrualFund |
Feb 26, 2021 | $0.036 | DailyAccrualFund |
Jan 29, 2021 | $0.037 | DailyAccrualFund |
Dec 31, 2020 | $0.045 | DailyAccrualFund |
Nov 30, 2020 | $0.038 | DailyAccrualFund |
Oct 30, 2020 | $0.043 | DailyAccrualFund |
Sep 30, 2020 | $0.040 | DailyAccrualFund |
Aug 31, 2020 | $0.038 | DailyAccrualFund |
Jul 31, 2020 | $0.045 | DailyAccrualFund |
Jun 30, 2020 | $0.041 | DailyAccrualFund |
May 29, 2020 | $0.043 | DailyAccrualFund |
Apr 30, 2020 | $0.041 | DailyAccrualFund |
Mar 31, 2020 | $0.041 | DailyAccrualFund |
Feb 28, 2020 | $0.037 | DailyAccrualFund |
Jan 31, 2020 | $0.042 | DailyAccrualFund |
Dec 31, 2019 | $0.041 | DailyAccrualFund |
Nov 29, 2019 | $0.044 | DailyAccrualFund |
Oct 31, 2019 | $0.045 | DailyAccrualFund |
Sep 30, 2019 | $0.042 | DailyAccrualFund |
Aug 30, 2019 | $0.050 | DailyAccrualFund |
Jul 31, 2019 | $0.048 | DailyAccrualFund |
Jun 28, 2019 | $0.046 | OrdinaryDividend |
May 31, 2019 | $0.056 | DailyAccrualFund |
Apr 30, 2019 | $0.052 | DailyAccrualFund |
Mar 29, 2019 | $0.055 | DailyAccrualFund |
Feb 28, 2019 | $0.050 | DailyAccrualFund |
Jan 31, 2019 | $0.055 | DailyAccrualFund |
Dec 31, 2018 | $0.057 | DailyAccrualFund |
Nov 30, 2018 | $0.063 | DailyAccrualFund |
Oct 31, 2018 | $0.059 | DailyAccrualFund |
Aug 31, 2018 | $0.055 | DailyAccrualFund |
Jul 31, 2018 | $0.049 | DailyAccrualFund |
Jun 29, 2018 | $0.052 | DailyAccrualFund |
May 31, 2018 | $0.053 | DailyAccrualFund |
Apr 30, 2018 | $0.050 | DailyAccrualFund |
Mar 29, 2018 | $0.025 | DailyAccrualFund |
SSMMX - 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 | 7.37 | 1.58 |