Western Asset Managed Municipals Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-3.1%
1 yr return
-0.9%
3 Yr Avg Return
-6.7%
5 Yr Avg Return
-3.0%
Net Assets
$529 M
Holdings in Top 10
15.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.31%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 16.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XMMUX - Profile
Distributions
- YTD Total Return -3.1%
- 3 Yr Annualized Total Return -6.7%
- 5 Yr Annualized Total Return -3.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.85%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Managed Municipals Fund
-
Fund Family NameFranklin Templeton Investments
-
Inception DateSep 26, 2001
-
Shares Outstanding43367851
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDavid Fare
Fund Description
XMMUX - Performance
Return Ranking - Trailing
Period | XMMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.1% | -4.6% | 8.9% | 96.37% |
1 Yr | -0.9% | -3.5% | 31.0% | 97.08% |
3 Yr | -6.7%* | -11.3% | 2.5% | 96.09% |
5 Yr | -3.0%* | -6.0% | 1102.0% | 96.11% |
10 Yr | 1.3%* | -0.4% | 248.1% | 68.60% |
* Annualized
Return Ranking - Calendar
Period | XMMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.6% | -1.4% | 41.0% | 4.68% |
2022 | -19.2% | -39.7% | 0.3% | 95.91% |
2021 | 0.1% | -5.6% | 6.9% | 23.24% |
2020 | 1.4% | -2.6% | 310.0% | 66.19% |
2019 | 4.7% | 0.0% | 26.0% | 20.06% |
Total Return Ranking - Trailing
Period | XMMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.1% | -4.6% | 8.9% | 96.37% |
1 Yr | -0.9% | -3.5% | 31.0% | 97.08% |
3 Yr | -6.7%* | -11.3% | 2.5% | 96.09% |
5 Yr | -3.0%* | -6.0% | 1102.0% | 96.11% |
10 Yr | 1.3%* | -0.4% | 248.1% | 68.60% |
* Annualized
Total Return Ranking - Calendar
Period | XMMUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.6% | -1.3% | 41.0% | 72.80% |
2022 | -19.2% | -39.7% | 1.1% | 95.98% |
2021 | 0.1% | -4.8% | 23761504.0% | 84.00% |
2020 | 1.4% | -1.5% | 17057.9% | 94.09% |
2019 | 7.4% | 0.2% | 3514.6% | 23.75% |
NAV & Total Return History
XMMUX - Holdings
Concentration Analysis
XMMUX | Category Low | Category High | XMMUX % Rank | |
---|---|---|---|---|
Net Assets | 529 M | 3.22 M | 71.9 B | 44.88% |
Number of Holdings | 375 | 2 | 13067 | 33.79% |
Net Assets in Top 10 | 118 M | -317 M | 3.4 B | 36.83% |
Weighting of Top 10 | 15.29% | 1.9% | 100.4% | 61.33% |
Top 10 Holdings
- PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% 2.06%
- NEW JERSEY ECONOMIC DEV AUTH REV 2.39% 1.97%
- LOVE FIELD ARPT MODERNIZATION CORP TEX SPL FACS REV 5.25% 1.68%
- CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5% 1.66%
- DENVER COLO CITY & CNTY ARPT REV 6.12% 1.64%
- NEW YORK N Y 0.01% 1.58%
- DENVER COLO CITY & CNTY ARPT REV 6.125% 1.55%
- JEFFERSON CNTY ALA SWR REV 0% 1.52%
- LOWER ALA GAS DIST GAS PROJ REV 5% 1.46%
- SALT VERDE FINL CORP SR GAS REV ARIZ 5% 1.44%
Asset Allocation
Weighting | Return Low | Return High | XMMUX % Rank | |
---|---|---|---|---|
Bonds | 100.50% | 0.00% | 150.86% | 9.44% |
Stocks | 0.00% | 0.00% | 99.81% | 95.47% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 95.02% |
Other | 0.00% | -3.18% | 33.35% | 90.10% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 95.00% |
Cash | -0.50% | -50.86% | 50.09% | 98.06% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XMMUX % Rank | |
---|---|---|---|---|
Municipal | 99.84% | 44.39% | 100.00% | 19.49% |
Cash & Equivalents | 0.16% | 0.00% | 48.02% | 47.83% |
Derivative | 0.00% | -3.18% | 23.38% | 87.38% |
Securitized | 0.00% | 0.00% | 5.93% | 94.93% |
Corporate | 0.00% | 0.00% | 9.41% | 95.91% |
Government | 0.00% | 0.00% | 52.02% | 95.58% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XMMUX % Rank | |
---|---|---|---|---|
US | 96.78% | 0.00% | 142.23% | 74.11% |
Non US | 3.72% | 0.00% | 23.89% | 4.53% |
XMMUX - Expenses
Operational Fees
XMMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.31% | 0.01% | 20.65% | 22.62% |
Management Fee | 0.55% | 0.00% | 1.20% | 96.25% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.44% | 46.04% |
Sales Fees
XMMUX 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
XMMUX 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.
XMMUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 16.00% | 0.00% | 283.00% | 47.36% |
XMMUX - Distributions
Dividend Yield Analysis
XMMUX | Category Low | Category High | XMMUX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 14.56% | 99.87% |
Dividend Distribution Analysis
XMMUX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
XMMUX | Category Low | Category High | XMMUX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.85% | -0.53% | 5.33% | 3.60% |
Capital Gain Distribution Analysis
XMMUX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jul 01, 2019 | $0.058 | OrdinaryDividend |
Jun 03, 2019 | $0.058 | OrdinaryDividend |
May 01, 2019 | $0.058 | OrdinaryDividend |
Apr 01, 2019 | $0.058 | OrdinaryDividend |
Mar 01, 2019 | $0.058 | OrdinaryDividend |
Feb 01, 2019 | $0.058 | OrdinaryDividend |
Dec 31, 2018 | $0.058 | OrdinaryDividend |
Dec 03, 2018 | $0.058 | OrdinaryDividend |
Nov 01, 2018 | $0.058 | OrdinaryDividend |
Oct 01, 2018 | $0.058 | OrdinaryDividend |
Sep 04, 2018 | $0.058 | OrdinaryDividend |
Aug 01, 2018 | $0.058 | OrdinaryDividend |
Jul 02, 2018 | $0.058 | OrdinaryDividend |
Jun 01, 2018 | $0.063 | OrdinaryDividend |
May 01, 2018 | $0.063 | OrdinaryDividend |
Apr 02, 2018 | $0.063 | OrdinaryDividend |
Mar 01, 2018 | $0.063 | OrdinaryDividend |
Feb 01, 2018 | $0.063 | OrdinaryDividend |
Dec 29, 2017 | $0.063 | OrdinaryDividend |
Dec 01, 2017 | $0.063 | OrdinaryDividend |
Nov 01, 2017 | $0.063 | OrdinaryDividend |
Oct 02, 2017 | $0.063 | OrdinaryDividend |
Sep 01, 2017 | $0.063 | OrdinaryDividend |
Aug 01, 2017 | $0.063 | OrdinaryDividend |
Jul 03, 2017 | $0.063 | OrdinaryDividend |
Jun 01, 2017 | $0.063 | OrdinaryDividend |
May 01, 2017 | $0.063 | OrdinaryDividend |
Apr 03, 2017 | $0.063 | OrdinaryDividend |
Feb 24, 2017 | $0.063 | OrdinaryDividend |
Jan 27, 2017 | $0.063 | OrdinaryDividend |
Dec 30, 2016 | $0.063 | OrdinaryDividend |
Nov 25, 2016 | $0.065 | OrdinaryDividend |
Oct 28, 2016 | $0.065 | OrdinaryDividend |
Sep 30, 2016 | $0.065 | OrdinaryDividend |
Aug 26, 2016 | $0.065 | OrdinaryDividend |
Jul 29, 2016 | $0.065 | OrdinaryDividend |
Jun 24, 2016 | $0.065 | OrdinaryDividend |
May 27, 2016 | $0.065 | OrdinaryDividend |
Apr 29, 2016 | $0.065 | OrdinaryDividend |
Mar 24, 2016 | $0.065 | OrdinaryDividend |
Feb 26, 2016 | $0.065 | OrdinaryDividend |
Jan 29, 2016 | $0.065 | OrdinaryDividend |
Dec 24, 2015 | $0.065 | OrdinaryDividend |
Nov 27, 2015 | $0.065 | OrdinaryDividend |
Oct 30, 2015 | $0.065 | OrdinaryDividend |
Sep 25, 2015 | $0.065 | OrdinaryDividend |
Aug 28, 2015 | $0.065 | OrdinaryDividend |
Jul 31, 2015 | $0.065 | OrdinaryDividend |
Jun 26, 2015 | $0.065 | OrdinaryDividend |
May 29, 2015 | $0.065 | OrdinaryDividend |
Apr 24, 2015 | $0.065 | OrdinaryDividend |
Mar 27, 2015 | $0.065 | OrdinaryDividend |
Feb 27, 2015 | $0.065 | OrdinaryDividend |
Jan 30, 2015 | $0.065 | OrdinaryDividend |
Dec 26, 2014 | $0.065 | OrdinaryDividend |
Nov 28, 2014 | $0.065 | OrdinaryDividend |
Oct 31, 2014 | $0.065 | OrdinaryDividend |
Sep 26, 2014 | $0.065 | OrdinaryDividend |
Aug 29, 2014 | $0.065 | OrdinaryDividend |
Jul 25, 2014 | $0.065 | OrdinaryDividend |
Jun 27, 2014 | $0.065 | OrdinaryDividend |
May 30, 2014 | $0.065 | OrdinaryDividend |
Apr 25, 2014 | $0.065 | OrdinaryDividend |
Mar 28, 2014 | $0.065 | OrdinaryDividend |
Feb 28, 2014 | $0.065 | OrdinaryDividend |
Jan 31, 2014 | $0.065 | OrdinaryDividend |
Dec 27, 2013 | $0.065 | OrdinaryDividend |
Nov 29, 2013 | $0.065 | OrdinaryDividend |
Oct 25, 2013 | $0.065 | OrdinaryDividend |
Sep 27, 2013 | $0.065 | OrdinaryDividend |
Aug 30, 2013 | $0.065 | OrdinaryDividend |
Jul 26, 2013 | $0.065 | OrdinaryDividend |
Jun 28, 2013 | $0.065 | OrdinaryDividend |
May 31, 2013 | $0.065 | OrdinaryDividend |
Apr 26, 2013 | $0.065 | OrdinaryDividend |
Mar 22, 2013 | $0.065 | OrdinaryDividend |
Feb 22, 2013 | $0.065 | OrdinaryDividend |
Jan 25, 2013 | $0.065 | OrdinaryDividend |
Dec 21, 2012 | $0.065 | OrdinaryDividend |
Nov 30, 2012 | $0.065 | OrdinaryDividend |
Oct 26, 2012 | $0.065 | OrdinaryDividend |
Sep 28, 2012 | $0.065 | OrdinaryDividend |
Aug 31, 2012 | $0.065 | OrdinaryDividend |
Jul 27, 2012 | $0.065 | OrdinaryDividend |
Jun 29, 2012 | $0.065 | OrdinaryDividend |
May 25, 2012 | $0.065 | OrdinaryDividend |
Apr 27, 2012 | $0.065 | OrdinaryDividend |
Mar 30, 2012 | $0.065 | OrdinaryDividend |
Feb 24, 2012 | $0.065 | OrdinaryDividend |
Jan 27, 2012 | $0.065 | OrdinaryDividend |
Dec 23, 2011 | $0.065 | OrdinaryDividend |
Nov 25, 2011 | $0.065 | OrdinaryDividend |
Oct 28, 2011 | $0.065 | OrdinaryDividend |
Sep 30, 2011 | $0.065 | OrdinaryDividend |
Aug 26, 2011 | $0.065 | OrdinaryDividend |
Jul 29, 2011 | $0.065 | OrdinaryDividend |
Jun 24, 2011 | $0.065 | OrdinaryDividend |
May 27, 2011 | $0.065 | OrdinaryDividend |
Apr 29, 2011 | $0.065 | OrdinaryDividend |
Mar 25, 2011 | $0.065 | OrdinaryDividend |
Feb 25, 2011 | $0.065 | OrdinaryDividend |
Jan 28, 2011 | $0.065 | OrdinaryDividend |
Dec 30, 2010 | $0.068 | OrdinaryDividend |
Nov 26, 2010 | $0.065 | OrdinaryDividend |
Oct 29, 2010 | $0.065 | OrdinaryDividend |
Sep 24, 2010 | $0.065 | OrdinaryDividend |
Aug 27, 2010 | $0.065 | OrdinaryDividend |
Jul 30, 2010 | $0.065 | OrdinaryDividend |
Jun 25, 2010 | $0.065 | OrdinaryDividend |
May 28, 2010 | $0.065 | OrdinaryDividend |
Apr 30, 2010 | $0.065 | OrdinaryDividend |
Mar 26, 2010 | $0.065 | OrdinaryDividend |
Feb 26, 2010 | $0.060 | OrdinaryDividend |
Jan 29, 2010 | $0.060 | OrdinaryDividend |
Dec 28, 2009 | $0.060 | OrdinaryDividend |
Nov 27, 2009 | $0.060 | OrdinaryDividend |
Oct 30, 2009 | $0.060 | OrdinaryDividend |
Sep 25, 2009 | $0.060 | OrdinaryDividend |
Aug 28, 2009 | $0.055 | OrdinaryDividend |
Jul 31, 2009 | $0.055 | OrdinaryDividend |
Jun 26, 2009 | $0.055 | OrdinaryDividend |
May 29, 2009 | $0.050 | OrdinaryDividend |
Apr 24, 2009 | $0.050 | OrdinaryDividend |
Mar 27, 2009 | $0.050 | OrdinaryDividend |
Feb 27, 2009 | $0.045 | OrdinaryDividend |
Jan 30, 2009 | $0.045 | OrdinaryDividend |
Dec 26, 2008 | $0.045 | OrdinaryDividend |
Nov 28, 2008 | $0.045 | OrdinaryDividend |
Oct 31, 2008 | $0.045 | OrdinaryDividend |
Sep 26, 2008 | $0.045 | OrdinaryDividend |
Aug 29, 2008 | $0.045 | OrdinaryDividend |
Jul 25, 2008 | $0.045 | OrdinaryDividend |
Jun 27, 2008 | $0.045 | OrdinaryDividend |
May 30, 2008 | $0.045 | OrdinaryDividend |
Apr 25, 2008 | $0.045 | OrdinaryDividend |
Mar 28, 2008 | $0.045 | OrdinaryDividend |
Feb 29, 2008 | $0.045 | OrdinaryDividend |
Jan 25, 2008 | $0.045 | OrdinaryDividend |
Dec 28, 2007 | $0.045 | OrdinaryDividend |
Nov 30, 2007 | $0.045 | OrdinaryDividend |
Oct 26, 2007 | $0.045 | OrdinaryDividend |
Sep 28, 2007 | $0.045 | OrdinaryDividend |
Aug 31, 2007 | $0.045 | OrdinaryDividend |
Jul 27, 2007 | $0.045 | OrdinaryDividend |
Jun 29, 2007 | $0.045 | OrdinaryDividend |
May 25, 2007 | $0.045 | OrdinaryDividend |
Apr 27, 2007 | $0.045 | OrdinaryDividend |
Mar 30, 2007 | $0.045 | OrdinaryDividend |
Feb 23, 2007 | $0.045 | OrdinaryDividend |
Jan 26, 2007 | $0.045 | OrdinaryDividend |
Dec 29, 2006 | $0.045 | OrdinaryDividend |
XMMUX - Fund Manager Analysis
Managers
David Fare
Start Date
Tenure
Tenure Rank
Jul 01, 2011
10.92
10.9%
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
Jul 01, 2011
10.92
10.9%
– 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 |