SHMMX: Western Asset Managed Municipals Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$16.84

-

-

$0.95

0.64%

Vitals

YTD Return

1.3%

1 yr return

6.3%

3 Yr Avg Return

5.0%

5 Yr Avg Return

3.2%

Net Assets

$4.87 B

Holdings in Top 10

9.9%

52 WEEK LOW AND HIGH

$16.84
$16.15
$17.01

Expenses

OPERATING FEES

Expense Ratio 0.64%

SALES FEES

Front Load 4.25%

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni National Long


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$16.84

-

-

$0.95

0.64%

SHMMX - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.82%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Managed Municipals Fund
  • Fund Family Name
    Legg Mason
  • Inception Date
    Mar 04, 1981
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Fare

SHMMX - Performance

Return Ranking - Trailing

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -88.5% 9.9% 11.51%
1 Yr 6.3% -20.5% 20.4% 12.64%
3 Yr 5.0%* -6.2% 10.9% 25.58%
5 Yr 3.2%* -3.5% 7.1% 23.42%
10 Yr 4.4%* -0.2% 9.3% 23.49%

* Annualized

Return Ranking - Calendar

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -91.1% 310.0% 54.58%
2019 3.7% -79.8% 15.4% 47.32%
2018 -3.3% -72.6% 97.2% 76.34%
2017 1.5% -100.0% 7.6% 48.50%
2016 -3.5% -35.9% 96.8% 77.36%

Total Return Ranking - Trailing

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -88.5% 9.6% 11.51%
1 Yr 1.8% -24.2% 24.2% 50.02%
3 Yr 3.5%* -7.0% 11.7% 59.26%
5 Yr 2.3%* -4.0% 7.1% 48.64%
10 Yr 3.9%* -0.6% 9.3% 32.15%

* Annualized

Total Return Ranking - Calendar

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -91.1% 310.0% 54.54%
2019 3.7% -79.8% 15.4% 48.32%
2018 -3.3% -72.6% 11.0% 76.93%
2017 1.5% -100.0% 7.6% 51.87%
2016 -3.5% -35.9% 3.0% 79.36%

NAV & Total Return History


SHMMX - Holdings

Concentration Analysis

SHMMX Category Low Category High SHMMX % Rank
Net Assets 4.87 B 882 K 88.1 B 7.96%
Number of Holdings 857 1 12437 9.06%
Net Assets in Top 10 472 M -308 M 3.93 B 4.61%
Weighting of Top 10 9.86% 2.4% 100.0% 88.00%

Top 10 Holdings

  1. JEFFERSON CNTY ALA SWR REV 0% 1.50%
  2. PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% 1.35%
  3. SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4% 1.16%
  4. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 1.07%
  5. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.02%
  6. TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV 6.25% 0.91%
  7. CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5% 0.90%
  8. M-S-R ENERGY AUTH CALIF GAS REV 7% 0.88%
  9. ILLINOIS ST 5% 0.85%
  10. TENNESSEE ENERGY ACQUISITION CORP GAS REV 4% 0.79%

Asset Allocation

Weighting Return Low Return High SHMMX % Rank
Bonds
102.03% 46.14% 145.79% 3.18%
Stocks
0.00% -0.15% 2.80% 30.80%
Preferred Stocks
0.00% -3.40% 1.05% 27.27%
Other
0.00% -9.70% 30.00% 29.43%
Convertible Bonds
0.00% -0.02% 1.09% 27.84%
Cash
-2.03% -45.79% 53.86% 96.94%

Bond Sector Breakdown

Weighting Return Low Return High SHMMX % Rank
Municipal
99.91% 46.14% 100.00% 32.65%
Cash & Equivalents
0.09% 0.00% 53.86% 65.59%
Derivative
0.00% 0.00% 0.09% 27.63%
Securitized
0.00% 0.00% 8.03% 29.06%
Corporate
0.00% 0.00% 11.97% 38.78%
Government
0.00% 0.00% 50.63% 31.51%

Bond Geographic Breakdown

Weighting Return Low Return High SHMMX % Rank
US
98.84% 0.00% 141.11% 35.27%
Non US
3.19% 0.00% 100.00% 21.84%

SHMMX - Expenses

Operational Fees

SHMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.04% 4.23% 41.42%
Management Fee 0.40% 0.00% 1.60% 37.20%
12b-1 Fee 0.15% 0.00% 1.00% 24.47%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

SHMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 0.00% 5.75% 26.63%
Deferred Load N/A 0.25% 5.50% 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 27.00% 0.00% 299.40% 67.94%

SHMMX - Distributions

Dividend Yield Analysis

SHMMX Category Low Category High SHMMX % Rank
Dividend Yield 0.00% 0.00% 35.27% 36.12%

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 2.82% -1.65% 24.00% 17.38%

Capital Gain Distribution Analysis

SHMMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Quarterly Monthly Monthly

Dividend Payout History

View More +

SHMMX - Fund Manager Analysis

Managers

David Fare


Start Date

Tenure

Tenure Rank

Dec 31, 2004

16.68

16.7%

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

14.59

14.6%

– 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

7.42

7.4%

– 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
0.01 36.44 7.21 0.83