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SMMOX Western Asset Managed Municipals 1

  • Fund
  • SMMOX
  • Price as of: Apr 24, 2019
  • $16.04 + $0.03 + 0.19%
  • Category
  • National Munis

SMMOX - Profile

Vitals

  • YTD Return 1.7%
  • 3 Yr Annualized Return -1.6%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $4.65 B
  • Holdings in Top 10 11.3%

52 WEEK LOW AND HIGH

$16.04
$15.58
$16.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.56%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jul 27, 2007

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return -1.6%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.95%
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 Sep 12, 2000
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States

Fund Description

The fund normally invests at least 80% of its assets in municipal securities and other investments with similar economic characteristics, the interest on which is exempt from regular federal income tax but which may be subject to the federal alternative minimum tax. It normally invests in intermediate-term and long-term municipal securities that have remaining maturities from one to more than thirty years at the time of purchase.

SMMOX - Performance

Return Ranking - Trailing

Period SMMOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% 0.0% 3.7% 55.93%
1 Yr 1.2% -2.7% 4.6% 70.04%
3 Yr -1.6%* -2.9% 1.7% 92.67%
5 Yr -0.4%* -1.8% 2.1% 82.37%
10 Yr 0.9%* -8.9% 3.3% 35.28%

* Annualized


Return Ranking - Calendar

Period SMMOX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.3% -4.8% 0.8% 89.68%
2017 1.4% -0.9% 5.6% 50.40%
2016 -3.4% -6.1% 7.3% 85.13%
2015 -1.1% -10.9% 2.6% 91.45%
2014 6.6% -60.4% 12.0% 22.06%

Total Return Ranking - Trailing

Period SMMOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% 0.0% 3.8% 57.31%
1 Yr 1.2% -2.5% 7.1% 72.62%
3 Yr -1.6%* -2.9% 3.1% 94.70%
5 Yr -0.4%* -1.8% 3.7% 86.93%
10 Yr 0.9%* -8.9% 4.9% 44.79%

* Annualized


Total Return Ranking - Calendar

Period SMMOX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.3% -4.8% 1.7% 91.07%
2017 1.4% -0.9% 6.2% 57.23%
2016 -3.4% -6.1% 7.3% 88.80%
2015 -1.1% -9.6% 3.9% 93.08%
2014 6.6% -60.4% 12.0% 24.58%

NAV & Total Return History

SMMOX - Holdings

Concentration Analysis

SMMOX Category Low Category High SMMOX % Rank
Net Assets 4.65 B 775 K 65.3 B 12.06%
Number of Holdings 689 3 8026 22.97%
Net Assets in Top 10 526 M -224 M 1.76 B 9.11%
Weighting of Top 10 11.27% 2.5% 100.0% 65.54%

Top 10 Holdings

  1. M-S-R ENERGY AUTH CALIF GAS REV 6.5% 1.85%

  2. PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% 1.43%

  3. JEFFERSON CNTY ALA SWR REV 0% 1.37%

  4. TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV 6.25% 1.14%

  5. ATLANTA GA WTR & WASTE WTR REV 6.25% 1.13%

  6. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 1.06%

  7. M-S-R ENERGY AUTH CALIF GAS REV 7% 0.85%

  8. MAIN STR NAT GAS INC GA GAS SUPPLY REV 2.11% 0.83%

  9. CALIFORNIA HEALTH FACS FING AUTH 5% 0.83%

  10. PORT AUTH N Y & N J 5% 0.80%


Asset Allocation

Weighting Return Low Return High SMMOX % Rank
Bonds
101.83% 66.80% 105.94% 1.58%
Stocks
0.00% 0.00% 0.02% 42.57%
Preferred Stocks
0.00% 0.00% 9.24% 42.57%
Other
0.00% -1.35% 30.00% 46.93%
Convertible Bonds
0.00% 0.00% 2.54% 42.77%
Cash
-1.83% -5.94% 29.34% 98.81%

Bond Sector Breakdown

Weighting Return Low Return High SMMOX % Rank
Municipal
101.83% 0.00% 115.16% 1.58%
Derivative
0.00% 0.00% 0.01% 42.97%
Securitized
0.00% 0.00% 25.65% 44.55%
Corporate
0.00% 0.00% 39.97% 50.89%
Government
0.00% -16.67% 71.35% 42.77%
Cash & Equivalents
-1.83% -7.72% 29.34% 97.62%

Bond Geographic Breakdown

Weighting Return Low Return High SMMOX % Rank
US
101.37% 52.43% 102.07% 1.58%
Non US
0.46% 0.00% 27.66% 35.05%

SMMOX - Expenses

Operational Fees

SMMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.56% 0.08% 4.80% 74.51%
Management Fee 0.45% 0.00% 0.65% 70.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.34% N/A

Sales Fees

SMMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 5.50% N/A

Trading Fees

SMMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Turnover 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.

SMMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 504.54% 15.61%

SMMOX - Distributions

Dividend Yield Analysis

SMMOX Category Low Category High SMMOX % Rank
Dividend Yield 0.04% 0.00% 0.31% 24.11%

Dividend Distribution Analysis

SMMOX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

SMMOX Category Low Category High SMMOX % Rank
Net Income Ratio 3.95% 0.01% 4.95% 3.36%

Capital Gain Distribution Analysis

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

SMMOX - Managers

Tenure Analysis

Category Low

0.01

Category High

39.52

Category Average

7.83

Category Mode

4.07