Western Asset Managed Municipals Fund
Fund
SHMMX
Price as of:
$14.94
+ $0.01
+ 0.07%
Primary Theme
fund company
Name
As of 02/03/2025Price
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
0.2%
1 yr return
1.9%
3 Yr Avg Return
0.0%
5 Yr Avg Return
0.4%
Net Assets
$3.1 B
Holdings in Top 10
9.5%
52 WEEK LOW AND HIGH
$14.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.70%
SALES FEES
Front Load 4.25%
Deferred Load N/A
TRADING FEES
Turnover 11.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/03/2025Price
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
SHMMX - Profile
Distributions
- YTD Total Return 0.2%
- 3 Yr Annualized Total Return 0.0%
- 5 Yr Annualized Total Return 0.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.41%
- Dividend Yield 3.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Managed Municipals Fund
-
Fund Family NameLegg Mason
-
Inception DateJan 03, 1994
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Fare
SHMMX - Performance
Return Ranking - Trailing
| Period | SHMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.2% | -1.0% | 9.7% | 69.33% |
| 1 Yr | 1.9% | -6.2% | 36.1% | 55.68% |
| 3 Yr | 0.0%* | -10.6% | 11.9% | 50.58% |
| 5 Yr | 0.4%* | -8.0% | 1103.0% | 50.98% |
| 10 Yr | 1.8%* | -1.4% | 248.8% | 32.02% |
* Annualized
Return Ranking - Calendar
| Period | SHMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | -1.0% | -6.2% | 34.9% | 45.63% |
| 2023 | 3.1% | -1.4% | 41.0% | 36.39% |
| 2022 | -12.6% | -39.7% | 0.3% | 61.95% |
| 2021 | 0.7% | -5.6% | 6.9% | 12.38% |
| 2020 | 1.3% | -2.6% | 310.0% | 67.62% |
Total Return Ranking - Trailing
| Period | SHMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.2% | -1.0% | 9.7% | 69.33% |
| 1 Yr | 1.9% | -6.2% | 36.1% | 55.68% |
| 3 Yr | 0.0%* | -10.6% | 11.9% | 50.58% |
| 5 Yr | 0.4%* | -8.0% | 1103.0% | 50.98% |
| 10 Yr | 1.8%* | -1.4% | 248.8% | 32.02% |
* Annualized
Total Return Ranking - Calendar
| Period | SHMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 2.6% | -6.2% | 34.9% | 29.44% |
| 2023 | 6.9% | -1.3% | 41.0% | 19.54% |
| 2022 | -9.9% | -39.7% | 1.1% | 57.10% |
| 2021 | 3.4% | -4.8% | 23761504.0% | 11.97% |
| 2020 | 3.3% | -1.5% | 17057.9% | 67.55% |
NAV & Total Return History
SHMMX - Holdings
Concentration Analysis
| SHMMX | Category Low | Category High | SHMMX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.1 B | 3.22 M | 71.9 B | 11.57% |
| Number of Holdings | 764 | 4 | 14014 | 14.72% |
| Net Assets in Top 10 | 300 M | -317 M | 3.09 B | 12.97% |
| Weighting of Top 10 | 9.48% | 1.5% | 100.3% | 83.52% |
Top 10 Holdings
- Puerto Rico Commonwealth Aqueduct Sewer Authority 1.17%
- Kentucky Public Energy Authority 1.09%
- New York State Urban Development Corp (TOBs) 1.03%
- California Community Choice Financing Authority 0.99%
- State of Illinois 0.98%
- Triborough Bridge Tunnel Authority 0.95%
- Florida Development Finance Corp 0.87%
- M-S-R Energy Authority 0.80%
- New York State Dormitory Authority (TOBs) 0.80%
- Metropolitan Pier Exposition Authority 0.79%
Asset Allocation
| Weighting | Return Low | Return High | SHMMX % Rank | |
|---|---|---|---|---|
| Bonds | 103.56% | 0.00% | 150.86% | 4.57% |
| Stocks | 0.00% | 0.00% | 99.77% | 52.18% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 44.35% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 44.06% |
| Cash | 0.00% | -50.86% | 44.62% | 89.25% |
| Other | -0.05% | -3.69% | 53.54% | 96.77% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SHMMX % Rank | |
|---|---|---|---|---|
| Municipal | 99.85% | 44.39% | 100.00% | 18.83% |
| Cash & Equivalents | 0.00% | 0.00% | 44.41% | 74.73% |
| Securitized | 0.00% | 0.00% | 5.93% | 45.14% |
| Corporate | 0.00% | 0.00% | 9.41% | 53.64% |
| Government | 0.00% | 0.00% | 52.02% | 48.58% |
| Derivative | -0.05% | -3.69% | 53.54% | 96.84% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SHMMX % Rank | |
|---|---|---|---|---|
| US | 103.56% | 0.00% | 142.23% | 4.57% |
| Non US | 0.00% | 0.00% | 23.89% | 46.44% |
SHMMX - Expenses
Operational Fees
| SHMMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.70% | 0.01% | 3.85% | 54.20% |
| Management Fee | 0.40% | 0.00% | 1.20% | 41.37% |
| 12b-1 Fee | 0.15% | 0.00% | 1.00% | 23.20% |
| Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
| SHMMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.25% | 0.50% | 4.75% | 17.29% |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| SHMMX 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.
| SHMMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 11.00% | 0.00% | 283.00% | 25.99% |
SHMMX - Distributions
Dividend Yield Analysis
| SHMMX | Category Low | Category High | SHMMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.38% | 0.00% | 14.51% | 19.34% |
Dividend Distribution Analysis
| SHMMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| SHMMX | Category Low | Category High | SHMMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.41% | -0.53% | 5.33% | 23.27% |
Capital Gain Distribution Analysis
| SHMMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 31, 2024 | $0.042 | OrdinaryDividend |
| Nov 29, 2024 | $0.042 | OrdinaryDividend |
| Oct 31, 2024 | $0.042 | OrdinaryDividend |
| Sep 30, 2024 | $0.038 | OrdinaryDividend |
| Aug 30, 2024 | $0.044 | OrdinaryDividend |
| Jul 31, 2024 | $0.042 | OrdinaryDividend |
| Apr 30, 2024 | $0.040 | OrdinaryDividend |
| Mar 28, 2024 | $0.042 | OrdinaryDividend |
| Feb 29, 2024 | $0.039 | OrdinaryDividend |
| Jan 31, 2024 | $0.043 | OrdinaryDividend |
| Dec 29, 2023 | $0.047 | OrdinaryDividend |
| Nov 30, 2023 | $0.041 | OrdinaryDividend |
| Oct 31, 2023 | $0.041 | OrdinaryDividend |
| Sep 29, 2023 | $0.041 | OrdinaryDividend |
| Aug 31, 2023 | $0.041 | OrdinaryDividend |
| Jul 31, 2023 | $0.038 | OrdinaryDividend |
| Jun 30, 2023 | $0.042 | OrdinaryDividend |
| May 31, 2023 | $0.041 | OrdinaryDividend |
| Apr 28, 2023 | $0.037 | OrdinaryDividend |
| Mar 31, 2023 | $0.044 | OrdinaryDividend |
| Feb 28, 2023 | $0.038 | OrdinaryDividend |
| Jan 31, 2023 | $0.038 | OrdinaryDividend |
| Dec 30, 2022 | $0.043 | OrdinaryDividend |
| Nov 30, 2022 | $0.039 | OrdinaryDividend |
| Oct 31, 2022 | $0.037 | OrdinaryDividend |
| Sep 30, 2022 | $0.039 | OrdinaryDividend |
| Aug 31, 2022 | $0.038 | OrdinaryDividend |
| Jul 29, 2022 | $0.035 | OrdinaryDividend |
| Jun 30, 2022 | $0.033 | OrdinaryDividend |
| May 31, 2022 | $0.033 | OrdinaryDividend |
| Apr 29, 2022 | $0.033 | OrdinaryDividend |
| Mar 31, 2022 | $0.032 | OrdinaryDividend |
| Feb 28, 2022 | $0.029 | OrdinaryDividend |
| Jan 31, 2022 | $0.029 | OrdinaryDividend |
| Dec 31, 2021 | $0.034 | OrdinaryDividend |
| Nov 30, 2021 | $0.032 | OrdinaryDividend |
| Oct 29, 2021 | $0.034 | OrdinaryDividend |
| Sep 30, 2021 | $0.033 | OrdinaryDividend |
| Aug 31, 2021 | $0.033 | OrdinaryDividend |
| Jul 30, 2021 | $0.035 | OrdinaryDividend |
| Jun 30, 2021 | $0.034 | OrdinaryDividend |
| May 28, 2021 | $0.034 | OrdinaryDividend |
| Apr 30, 2021 | $0.038 | OrdinaryDividend |
| Mar 31, 2021 | $0.037 | OrdinaryDividend |
| Feb 26, 2021 | $0.033 | OrdinaryDividend |
| Jan 29, 2021 | $0.034 | OrdinaryDividend |
| Dec 31, 2020 | $0.041 | OrdinaryDividend |
| Nov 30, 2020 | $0.035 | OrdinaryDividend |
| Oct 30, 2020 | $0.039 | OrdinaryDividend |
| Sep 30, 2020 | $0.037 | OrdinaryDividend |
| Jun 30, 2020 | $0.038 | OrdinaryDividend |
| Apr 30, 2020 | $0.038 | OrdinaryDividend |
| Jan 31, 2020 | $0.038 | OrdinaryDividend |
| Dec 31, 2019 | $0.038 | OrdinaryDividend |
| Nov 29, 2019 | $0.041 | OrdinaryDividend |
| Oct 31, 2019 | $0.042 | OrdinaryDividend |
| Sep 30, 2019 | $0.039 | OrdinaryDividend |
| Aug 30, 2019 | $0.047 | OrdinaryDividend |
| Jul 31, 2019 | $0.045 | OrdinaryDividend |
| Jun 28, 2019 | $0.043 | DailyAccrualFund |
| Dec 07, 2017 | $0.003 | CapitalGainShortTerm |
| Jun 18, 2010 | $0.004 | CapitalGainShortTerm |
| May 28, 2008 | $0.062 | DailyAccrualFund |
| Apr 28, 2008 | $0.058 | DailyAccrualFund |
| Mar 27, 2008 | $0.055 | DailyAccrualFund |
| Feb 27, 2008 | $0.060 | DailyAccrualFund |
| Jan 29, 2008 | $0.057 | DailyAccrualFund |
| Dec 27, 2007 | $0.057 | DailyAccrualFund |
| Nov 30, 2007 | $0.060 | OrdinaryDividend |
| Oct 31, 2007 | $0.059 | OrdinaryDividend |
| Sep 28, 2007 | $0.051 | OrdinaryDividend |
| Aug 31, 2007 | $0.065 | OrdinaryDividend |
| Jul 31, 2007 | $0.058 | OrdinaryDividend |
| Jun 29, 2007 | $0.059 | OrdinaryDividend |
| May 31, 2007 | $0.059 | OrdinaryDividend |
| Apr 30, 2007 | $0.056 | OrdinaryDividend |
| Mar 30, 2007 | $0.062 | OrdinaryDividend |
| Feb 28, 2007 | $0.054 | OrdinaryDividend |
| Jan 31, 2007 | $0.055 | OrdinaryDividend |
| Dec 29, 2006 | $0.059 | OrdinaryDividend |
| Nov 30, 2006 | $0.056 | OrdinaryDividend |
| Oct 31, 2006 | $0.058 | OrdinaryDividend |
| Sep 29, 2006 | $0.057 | OrdinaryDividend |
| Aug 31, 2006 | $0.059 | OrdinaryDividend |
| Jul 31, 2006 | $0.059 | OrdinaryDividend |
| Jun 30, 2006 | $0.061 | OrdinaryDividend |
| May 31, 2006 | $0.059 | OrdinaryDividend |
| Apr 28, 2006 | $0.053 | OrdinaryDividend |
SHMMX - 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 | 7.36 | 1.58 |