Morningstar

Western Asset Managed Municipals A SHMMX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 15.23  /  −0.06 %
  • Total Assets 3.2 Bil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.700%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.29%
  • Effective Duration 7.97 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 1:02 AM GMT+0

Morningstar’s Analysis SHMMX

Will SHMMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SHMMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SHMMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SHMMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An experienced team with a thoughtful muni approach remains in place.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Western Asset Managed Municipals' knowledgeable and collaborative municipal team along with its thoughtful and repeatable approach is largely unaffected by co-CIO Ken Leech's surprise leave of absence from the firm on Aug. 21, 2024. Thus, the strategy retains its Above Average People and Process ratings.

by Elizabeth Foos
Rated on Published on

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Portfolio Holdings SHMMX

More SHMMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

1.18 37.0 Mil
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

1.10 34.6 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.00 31.3 Mil
municipal

ILLINOIS ST 5%

0.99 31.1 Mil
municipal

TRIBOROUGH BRDG & TUNL AUTH NY REVS 5%

0.96 30.1 Mil
municipal

FLORIDA DEV FIN CORP REV 5.25%

0.88 27.6 Mil
municipal

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

0.81 25.4 Mil
municipal

METROPOLITAN PIER & EXPOSITION AUTH ILL REV 5%

0.79 24.9 Mil
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

0.79 24.8 Mil
municipal

PORT AUTH N Y & N J 5%

0.78 24.5 Mil
municipal

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