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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Western Asset Managed Municipals Fund

XMMUX | Fund

$11.60

$529 M

0.00%

1.31%

Vitals

YTD Return

-2.1%

1 yr return

3.5%

3 Yr Avg Return

-6.0%

5 Yr Avg Return

-3.4%

Net Assets

$529 M

Holdings in Top 10

15.3%

52 WEEK LOW AND HIGH

$11.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.31%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Western Asset Managed Municipals Fund

XMMUX | Fund

$11.60

$529 M

0.00%

1.31%

XMMUX - Profile

Distributions

  • YTD Total Return -2.1%
  • 3 Yr Annualized Total Return -6.0%
  • 5 Yr Annualized Total Return -3.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.85%
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
    Sep 26, 2001
  • Shares Outstanding
    43367851
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Fare

Fund Description

XMMUX - Performance

Return Ranking - Trailing

Period XMMUX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.1% -4.6% 33.0% 97.00%
1 Yr 3.5% -0.1% 38.0% 95.27%
3 Yr -6.0%* -10.8% 3.4% 96.20%
5 Yr -3.4%* -6.7% 1104.0% 95.95%
10 Yr 0.6%* -0.9% 248.8% 93.12%

* Annualized

Return Ranking - Calendar

Period XMMUX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% -1.4% 41.0% 4.81%
2022 -19.2% -39.7% 0.3% 95.80%
2021 0.1% -5.6% 6.9% 23.60%
2020 1.4% -2.6% 310.0% 66.16%
2019 4.7% 0.0% 26.0% 20.50%

Total Return Ranking - Trailing

Period XMMUX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.1% -4.6% 33.0% 97.00%
1 Yr 3.5% -0.1% 38.0% 95.27%
3 Yr -6.0%* -10.8% 3.4% 96.20%
5 Yr -3.4%* -6.7% 1104.0% 95.95%
10 Yr 0.6%* -0.9% 248.8% 93.12%

* Annualized

Total Return Ranking - Calendar

Period XMMUX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% -1.3% 41.0% 73.68%
2022 -19.2% -39.7% 1.1% 95.87%
2021 0.1% -4.8% 23761504.0% 84.24%
2020 1.4% -1.5% 17057.9% 93.95%
2019 7.4% 0.2% 3514.6% 24.29%

NAV & Total Return History

XMMUX - Holdings

Concentration Analysis

XMMUX Category Low Category High XMMUX % Rank
Net Assets 529 M 3.22 M 71.9 B 46.33%
Number of Holdings 375 4 13418 33.24%
Net Assets in Top 10 118 M -317 M 3.09 B 37.64%
Weighting of Top 10 15.29% 1.8% 100.3% 62.73%

Top 10 Holdings

  1. PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% 2.06%
  2. NEW JERSEY ECONOMIC DEV AUTH REV 2.39% 1.97%
  3. LOVE FIELD ARPT MODERNIZATION CORP TEX SPL FACS REV 5.25% 1.68%
  4. CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5% 1.66%
  5. DENVER COLO CITY & CNTY ARPT REV 6.12% 1.64%
  6. NEW YORK N Y 0.01% 1.58%
  7. DENVER COLO CITY & CNTY ARPT REV 6.125% 1.55%
  8. JEFFERSON CNTY ALA SWR REV 0% 1.52%
  9. LOWER ALA GAS DIST GAS PROJ REV 5% 1.46%
  10. SALT VERDE FINL CORP SR GAS REV ARIZ 5% 1.44%

Asset Allocation

Weighting Return Low Return High XMMUX % Rank
Bonds 		100.50% 0.00% 150.86% 16.84%
Stocks 		0.00% 0.00% 99.78% 97.14%
Preferred Stocks 		0.00% 0.00% 0.07% 96.14%
Other 		0.00% -3.69% 51.88% 90.34%
Convertible Bonds 		0.00% 0.00% 0.93% 96.12%
Cash 		-0.50% -50.86% 44.62% 98.93%

Bond Sector Breakdown

Weighting Return Low Return High XMMUX % Rank
Municipal 		99.84% 44.39% 100.00% 19.80%
Cash & Equivalents 		0.16% 0.00% 44.41% 48.30%
Derivative 		0.00% -3.69% 51.88% 89.47%
Securitized 		0.00% 0.00% 5.93% 96.45%
Corporate 		0.00% 0.00% 9.41% 96.79%
Government 		0.00% 0.00% 52.02% 96.39%

Bond Geographic Breakdown

Weighting Return Low Return High XMMUX % Rank
US 		96.78% 0.00% 142.23% 80.61%
Non US 		3.72% 0.00% 23.89% 3.26%

XMMUX - Expenses

Operational Fees

XMMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.31% 0.01% 8.02% 21.53%
Management Fee 0.55% 0.00% 1.20% 96.01%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.44% 46.07%

Sales Fees

XMMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

XMMUX 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.

XMMUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 283.00% 46.77%

XMMUX - Distributions

Dividend Yield Analysis

XMMUX Category Low Category High XMMUX % Rank
Dividend Yield 0.00% 0.00% 14.51% 99.73%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

XMMUX Category Low Category High XMMUX % Rank
Net Income Ratio 3.85% -0.53% 5.33% 3.64%

Capital Gain Distribution Analysis

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

Distributions History

View More +

XMMUX - Fund Manager Analysis

Managers

David Fare

Start Date

Tenure

Tenure Rank

Jul 01, 2011

10.92

10.9%

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

Jul 01, 2011

10.92

10.9%

– 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 7.35 1.58

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