SMMYX: Western Asset Managed Municipals Fund - MutualFunds.com
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Western Asset Managed Municipals I

SMMYX - Snapshot

Vitals

  • YTD Return -0.8%
  • 3 Yr Annualized Return 4.9%
  • 5 Yr Annualized Return 3.7%
  • Net Assets $4.67 B
  • Holdings in Top 10 10.5%

52 WEEK LOW AND HIGH

$16.57
$14.52
$16.91

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

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

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Compare SMMYX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.68

-0.27%

$83.18 B

-

$0.00

-1.21%

0.17%

$11.21

-0.09%

$34.32 B

-

$0.00

-0.44%

0.17%

$13.48

-0.30%

$25.04 B

-

$0.00

-1.03%

0.52%

$15.93

0.00%

$21.38 B

-

$0.00

-0.13%

0.17%

$115.30

-0.43%

$21.13 B

-

-

-1.37%

0.07%

SMMYX - Profile

Distributions

  • YTD Total Return -0.8%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.36%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Managed Municipals Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Apr 04, 1995
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Fare

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.


SMMYX - Performance

Return Ranking - Trailing

Period SMMYX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -3.4% 0.7% 24.03%
1 Yr 3.6% -1.0% 9.5% 28.91%
3 Yr 4.9%* 0.0% 10.2% 26.89%
5 Yr 3.7%* -0.4% 8.0% 24.79%
10 Yr 5.3%* -0.1% 10.8% 17.43%

* Annualized

Return Ranking - Calendar

Period SMMYX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -2.8% 310.0% 69.34%
2019 3.7% -0.3% 15.4% 54.43%
2018 -3.2% -10.3% 97.2% 88.68%
2017 1.4% -100.0% 7.6% 53.52%
2016 -3.4% -7.9% 96.8% 77.91%

Total Return Ranking - Trailing

Period SMMYX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -3.4% 0.7% 23.46%
1 Yr 3.6% -5.1% 9.5% 22.18%
3 Yr 4.9%* -2.0% 10.2% 23.29%
5 Yr 3.7%* -1.6% 8.0% 21.85%
10 Yr 5.3%* -0.1% 10.8% 16.40%

* Annualized

Total Return Ranking - Calendar

Period SMMYX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -2.8% 310.0% 69.34%
2019 3.7% -0.3% 15.4% 55.75%
2018 -3.2% -10.3% 11.0% 89.76%
2017 1.4% -100.0% 7.6% 57.64%
2016 -3.4% -7.9% 3.0% 81.47%

NAV & Total Return History


SMMYX - Holdings

Concentration Analysis

SMMYX Category Low Category High SMMYX % Rank
Net Assets 4.67 B 100 83.2 B 8.14%
Number of Holdings 786 3 11152 12.57%
Net Assets in Top 10 486 M -192 M 4.18 B 7.00%
Weighting of Top 10 10.54% 2.5% 100.0% 81.50%

Top 10 Holdings

  1. JEFFERSON CNTY ALA SWR REV 0% 1.53%
  2. PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% 1.35%
  3. SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4% 1.22%
  4. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 1.13%
  5. TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV 6.25% 0.96%
  6. CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5% 0.95%
  7. M-S-R ENERGY AUTH CALIF GAS REV 7% 0.93%
  8. TENNESSEE ENERGY ACQUISITION CORP GAS REV 4% 0.83%
  9. ILLINOIS ST 5% 0.82%
  10. PORT AUTH N Y & N J 5% 0.81%

Asset Allocation

Weighting Return Low Return High SMMYX % Rank
Bonds
99.68% 66.96% 147.73% 27.74%
Cash
0.32% -47.72% 33.04% 69.34%
Stocks
0.00% 0.00% 2.07% 37.01%
Preferred Stocks
0.00% -0.95% 1.06% 34.02%
Other
0.00% -13.58% 13.72% 37.37%
Convertible Bonds
0.00% -0.42% 1.32% 34.24%

Bond Sector Breakdown

Weighting Return Low Return High SMMYX % Rank
Municipal
99.67% 46.63% 100.00% 28.38%
Cash & Equivalents
0.33% 0.00% 33.04% 70.59%
Derivative
0.00% 0.00% 0.85% 34.07%
Securitized
0.00% 0.00% 6.51% 35.55%
Corporate
0.00% 0.00% 15.75% 43.80%
Government
0.00% 0.00% 50.01% 39.48%

Bond Geographic Breakdown

Weighting Return Low Return High SMMYX % Rank
US
97.17% 66.25% 141.36% 44.25%
Non US
2.51% 0.00% 26.53% 27.19%

SMMYX - Expenses

Operational Fees

SMMYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.01% 16.95% 82.13%
Management Fee 0.40% 0.00% 1.10% 36.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

SMMYX 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 0.25% 5.50% N/A

Trading Fees

SMMYX 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.

SMMYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 299.40% 72.58%

SMMYX - Distributions

Dividend Yield Analysis

SMMYX Category Low Category High SMMYX % Rank
Dividend Yield 0.00% 0.00% 1.86% 38.74%

Dividend Distribution Analysis

SMMYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

SMMYX Category Low Category High SMMYX % Rank
Net Income Ratio 3.36% -1.65% 6.48% 7.79%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

SMMYX - Fund Manager Analysis

Managers

David Fare


Start Date

Tenure

Tenure Rank

Dec 31, 2004

16.1

16.1%

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

14.01

14.0%

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

6.84

6.8%

– 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
0.03 35.86 7.0 0.25