SSMMX: Western Asset Managed Municipals Fund - MutualFunds.com
Continue to site >
Trending ETFs

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.
Not interested

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Western Asset Managed Municipals IS

SSMMX - Snapshot

Vitals

  • YTD Return -0.5%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 3.3%
  • Net Assets $4.56 B
  • Holdings in Top 10 10.5%

52 WEEK LOW AND HIGH

$16.53
$14.52
$16.91

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

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
    Municipal Bond
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Compare SSMMX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Intermediate-Term Tax-Exempt Fund

Fund

$14.72

+0.07%

$82.69 B

-

$0.00

-0.94%

0.17%

Vanguard Limited Term Tax Exempt Fund

Fund

$11.23

+0.09%

$34.87 B

-

$0.00

-0.27%

0.17%

American Funds Tax Exempt Bond Fund®

Fund

$13.51

0.00%

$24.94 B

-

$0.00

-0.81%

0.52%

Vanguard Short Term Tax Exempt Fund

Fund

$15.93

0.00%

$21.69 B

-

$0.00

-0.13%

0.17%

iShares National Muni Bond ETF

MUB | ETF

$115.50

+0.03%

$20.81 B

-

-

-1.45%

0.07%

SSMMX - Profile

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.34%
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
    Mar 16, 2018
  • 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.

SSMMX - Performance

Return Ranking - Trailing

Period SSMMX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -2.7% 1.7% 23.62%
1 Yr 0.5% -5.6% 5.8% 44.62%
3 Yr 4.5%* 0.3% 9.5% 27.65%
5 Yr 3.3%* -0.5% 7.5% 25.87%
10 Yr 4.9%* -0.1% 10.0% 19.13%

* Annualized

Return Ranking - Calendar

Period SSMMX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -2.8% 310.0% 69.30%
2019 3.7% -0.3% 15.4% 50.66%
2018 N/A -10.3% 97.2% N/A
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 96.8% N/A

Total Return Ranking - Trailing

Period SSMMX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -2.7% 1.7% 23.62%
1 Yr 0.5% -5.9% 5.8% 33.45%
3 Yr 4.5%* -1.7% 9.5% 23.88%
5 Yr 3.3%* -1.6% 7.5% 22.45%
10 Yr 4.9%* -0.2% 10.0% 17.52%

* Annualized

Total Return Ranking - Calendar

Period SSMMX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -2.8% 310.0% 69.30%
2019 3.7% -0.3% 15.4% 52.16%
2018 N/A -10.3% 11.0% N/A
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 3.0% N/A

NAV & Total Return History

SSMMX - Holdings

Concentration Analysis

SSMMX Category Low Category High SSMMX % Rank
Net Assets 4.56 B 632 K 82.7 B 8.13%
Number of Holdings 786 3 11152 12.61%
Net Assets in Top 10 486 M -192 M 4.18 B 6.99%
Weighting of Top 10 10.54% 2.5% 100.0% 81.37%

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 SSMMX % Rank
Bonds 		99.68% 73.02% 147.73% 28.62%
Cash 		0.32% -47.72% 26.99% 69.09%
Stocks 		0.00% 0.00% 2.18% 46.45%
Preferred Stocks 		0.00% -0.94% 0.00% 43.86%
Other 		0.00% -13.58% 13.72% 46.42%
Convertible Bonds 		0.00% -0.92% 1.32% 44.09%

Bond Sector Breakdown

Weighting Return Low Return High SSMMX % Rank
Municipal 		99.67% 46.52% 100.00% 27.67%
Cash & Equivalents 		0.33% 0.00% 26.99% 70.97%
Derivative 		0.00% 0.00% 0.85% 43.98%
Securitized 		0.00% 0.00% 6.51% 45.68%
Corporate 		0.00% 0.00% 15.75% 52.61%
Government 		0.00% 0.00% 50.01% 49.55%

Bond Geographic Breakdown

Weighting Return Low Return High SSMMX % Rank
US 		97.17% 72.29% 141.36% 43.75%
Non US 		2.51% 0.00% 25.16% 27.44%

SSMMX - Expenses

Operational Fees

SSMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.01% 16.95% 89.25%
Management Fee 0.40% 0.00% 1.10% 37.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

SSMMX 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

SSMMX 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.

SSMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 299.40% 72.37%

SSMMX - Distributions

Dividend Yield Analysis

SSMMX Category Low Category High SSMMX % Rank
Dividend Yield 0.00% 0.00% 1.85% 47.68%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SSMMX Category Low Category High SSMMX % Rank
Net Income Ratio 3.34% -1.65% 6.48% 8.18%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

SSMMX - Fund Manager Analysis

Managers

David Fare

Start Date

Tenure

Tenure Rank

Dec 31, 2004

16.17

16.2%

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

14.08

14.1%

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

6.92

6.9%

– 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
0.07 35.94 7.05 0.32

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.