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Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Western Asset Managed Municipals Fund

SHMMX | Fund

$14.76

$4.41 B

3.01%

$0.44

0.64%

Vitals

YTD Return

0.9%

1 yr return

-3.5%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

-1.7%

Net Assets

$4.41 B

Holdings in Top 10

8.9%

52 WEEK LOW AND HIGH

$14.7
$14.02
$15.31

Expenses

OPERATING FEES

Expense Ratio 0.64%

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

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Western Asset Managed Municipals Fund

SHMMX | Fund

$14.76

$4.41 B

3.01%

$0.44

0.64%

SHMMX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return -1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.41%
DIVIDENDS
  • Dividend Yield 3.0%
  • 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 0.9% -86.8% 7.5% 11.33%
1 Yr -3.5% -48.9% 15.3% 67.43%
3 Yr -2.2%* -21.5% 51.9% 66.60%
5 Yr -1.7%* -5.9% 29.0% 78.43%
10 Yr -1.4%* -3.6% 13.2% 78.95%

* Annualized

Return Ranking - Calendar

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.6% -91.1% 101.7% 67.67%
2021 0.3% -79.2% 102.5% 27.96%
2020 0.4% -66.1% 60.0% 52.98%
2019 0.9% -57.4% 7.6% 53.51%
2018 -0.7% -35.9% 3.2% 72.77%

Total Return Ranking - Trailing

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -86.8% 7.5% 12.85%
1 Yr -3.5% -48.9% 15.4% 67.72%
3 Yr -2.2%* -21.5% 51.9% 67.51%
5 Yr -1.7%* -5.9% 29.0% 80.24%
10 Yr -1.4%* -3.6% 13.3% 81.40%

* Annualized

Total Return Ranking - Calendar

Period SHMMX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.6% -91.1% 101.7% 67.45%
2021 0.3% -79.2% 102.5% 28.04%
2020 0.4% -66.1% 60.0% 52.95%
2019 0.9% -57.4% 7.6% 54.51%
2018 -0.7% -35.9% 3.2% 73.41%

NAV & Total Return History

SHMMX - Holdings

Concentration Analysis

SHMMX Category Low Category High SHMMX % Rank
Net Assets 4.41 B 2.87 M 73.9 B 7.71%
Number of Holdings 918 1 14000 9.59%
Net Assets in Top 10 419 M -317 M 8.64 B 5.89%
Weighting of Top 10 8.94% 2.4% 100.0% 89.67%

Top 10 Holdings

  1. JEFFERSON CNTY ALA SWR REV 0% 1.52%
  2. PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% 1.35%
  3. SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4% 1.13%
  4. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 1.02%
  5. CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5% 0.87%
  6. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 0.82%
  7. M-S-R ENERGY AUTH CALIF GAS REV 7% 0.77%
  8. TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV 6.25% 0.76%
  9. PORT AUTH N Y & N J 5% 0.75%
  10. TENNESSEE ENERGY ACQUISITION CORP GAS REV 4% 0.74%

Asset Allocation

Weighting Return Low Return High SHMMX % Rank
Bonds 		101.42% 0.00% 150.86% 3.42%
Stocks 		0.00% -0.03% 4.63% 26.41%
Preferred Stocks 		0.00% -1.79% 0.04% 23.74%
Other 		0.00% -13.03% 30.01% 24.98%
Convertible Bonds 		0.00% 0.00% 0.93% 23.84%
Cash 		-1.42% -50.86% 100.00% 96.48%

Bond Sector Breakdown

Weighting Return Low Return High SHMMX % Rank
Municipal 		99.85% 0.00% 100.00% 37.31%
Cash & Equivalents 		0.15% 0.00% 100.00% 61.55%
Derivative 		0.00% 0.00% 21.68% 23.70%
Securitized 		0.00% 0.00% 5.93% 25.07%
Corporate 		0.00% 0.00% 9.99% 36.48%
Government 		0.00% 0.00% 52.02% 29.18%

Bond Geographic Breakdown

Weighting Return Low Return High SHMMX % Rank
US 		97.26% 0.00% 142.23% 52.69%
Non US 		4.16% 0.00% 62.14% 15.25%

SHMMX - Expenses

Operational Fees

SHMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.02% 3.60% 39.83%
Management Fee 0.40% 0.00% 1.10% 38.94%
12b-1 Fee 0.15% 0.00% 1.00% 25.49%
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% 0.00% 4.90% 24.55%
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% 26.16%

SHMMX - Distributions

Dividend Yield Analysis

SHMMX Category Low Category High SHMMX % Rank
Dividend Yield 3.01% 0.00% 35.27% 16.15%

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 2.41% -0.53% 24.00% 23.82%

Capital Gain Distribution Analysis

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

Distributions History

View More +

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 7.21 1.58

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