SHMMX: Western Asset Managed Municipals A

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SHMMX Western Asset Managed Municipals A


Profile

SHMMX - Profile

Vitals

  • YTD Return -0.8%
  • 3 Yr Annualized Return -0.3%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $4.58 B
  • Holdings in Top 10 11.1%

52 WEEK LOW AND HIGH

$16.27
$14.50
$16.90

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.66%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -0.8%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.18%
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

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Categories

Performance

SHMMX - Performance

Return Ranking - Trailing

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -31.9% 954.3% 93.90%
1 Yr -0.8% -28.2% 951.8% 93.11%
3 Yr -0.3%* -17.5% 120.9% 91.66%
5 Yr -0.4%* -8.5% 60.6% 92.70%
10 Yr 0.1%* -5.2% 14.4% 63.96%

* Annualized

Return Ranking - Calendar

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -5.8% 20.3% 59.29%
2018 -3.3% -29.6% 4.6% 68.04%
2017 1.5% -6.0% 15.8% 40.18%
2016 -3.5% -7.8% 15.0% 91.42%
2015 -1.1% -11.6% 3.0% 51.19%

Total Return Ranking - Trailing

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -31.9% 954.3% 93.90%
1 Yr -0.8% -28.2% 951.8% 93.11%
3 Yr -0.3%* -17.5% 120.9% 92.85%
5 Yr -0.4%* -8.5% 60.6% 93.66%
10 Yr 0.1%* -5.2% 16.2% 72.50%

* Annualized

Total Return Ranking - Calendar

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -5.8% 20.3% 59.77%
2018 -3.3% -29.6% 4.6% 73.13%
2017 1.5% -6.0% 15.8% 48.20%
2016 -3.5% -7.8% 15.0% 92.66%
2015 -1.1% -9.9% 3.0% 57.40%

NAV & Total Return History


Holdings

SHMMX - Holdings

Concentration Analysis

SHMMX Category Low Category High SHMMX % Rank
Net Assets 4.58 B 619 K 88.4 B 13.10%
Number of Holdings 745 1 10083 20.51%
Net Assets in Top 10 486 M -202 M 26.9 B 16.92%
Weighting of Top 10 11.10% 2.6% 100.0% 84.28%

Top 10 Holdings

  1. PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% 1.55%
  2. JEFFERSON CNTY ALA SWR REV 0% 1.55%
  3. SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4% 1.28%
  4. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 1.17%
  5. TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV 6.25% 1.10%
  6. CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5% 1.00%
  7. M-S-R ENERGY AUTH CALIF GAS REV 7% 0.92%
  8. TENNESSEE ENERGY ACQUISITION CORP GAS REV 4% 0.86%
  9. PORT AUTH N Y & N J 5% 0.85%
  10. ILLINOIS ST 5% 0.83%

Asset Allocation

Weighting Return Low Return High SHMMX % Rank
Bonds
100.28% 78.92% 199.79% 9.89%
Stocks
0.00% -4.99% 21.62% 29.33%
Preferred Stocks
0.00% -0.17% 22.02% 35.72%
Other
0.00% -9.40% 31.94% 30.16%
Convertible Bonds
0.00% 0.00% 9.45% 58.21%
Cash
-0.28% -128.23% 19.68% 87.95%

Bond Sector Breakdown

Weighting Return Low Return High SHMMX % Rank
Municipal
99.97% 0.00% 100.06% 4.92%
Cash & Equivalents
0.03% -26.49% 93.17% 91.54%
Derivative
0.00% 0.00% 39.43% 35.72%
Securitized
0.00% 0.00% 97.53% 63.59%
Corporate
0.00% 0.00% 99.00% 72.28%
Government
0.00% -2.21% 99.96% 67.08%

Bond Geographic Breakdown

Weighting Return Low Return High SHMMX % Rank
US
97.90% 49.78% 199.79% 21.20%
Non US
2.38% -12.10% 39.65% 58.76%

Expenses

SHMMX - Expenses

Operational Fees

SHMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.66% 0.01% 34.57% 60.99%
Management Fee 0.40% 0.00% 1.60% 52.61%
12b-1 Fee 0.15% 0.00% 1.00% 23.18%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

SHMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 0.50% 5.75% 23.17%
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% 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.

SHMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 496.90% 39.43%

Distributions

SHMMX - Distributions

Dividend Yield Analysis

SHMMX Category Low Category High SHMMX % Rank
Dividend Yield 0.00% 0.00% 3.88% 25.43%

Dividend Distribution Analysis

SHMMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

SHMMX Category Low Category High SHMMX % Rank
Net Income Ratio 3.18% -0.81% 6.02% 12.46%

Capital Gain Distribution Analysis

SHMMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

Dividend Payout History

View More +

Fund Manager Analysis

SHMMX - Fund Manager Analysis

Managers

David Fare


Start Date

Tenure

Tenure Rank

Dec 31, 2004

15.68

15.7%

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

13.59

13.6%

Robert E. Amodeo is the Head of Municipals at Western Asset. He has been with Western Asset since 2005.

S. Leech


Start Date

Tenure

Tenure Rank

Mar 31, 2014

6.42

6.4%

– 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
0.04 33.3 7.05 0.17