Western Asset Managed Municipals Fund Class A (SHMMX)

15.25
Net Asset Value
+0.66%
1 Day
-7.01%
Year-to-Date
Overall Morningstar Rating
Muni national long
Style or Category
4.25
Sales Expenses
0.65%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks to maximize current interest income that is excluded from gross income for regular federal income tax purposes to the extent consistent with prudent investment management and preservation of capital. 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.

Performance

1 month-9.27% 3 years+1.58%
3 months-6.78% 5 years+1.55%
1 year-2.07% Since inception+7.23%
Data through --

Peer Comparisonvs. Muni national long

 SHMMXCategory
Performance 5-yr return+1.55%+2.88%
Expense ratio0.65%0.90%
Risk 5 year sharpe ratio0.220.42
Net assets$4.4B$2.3B
Average market cap--$8.1B
Average P/E--5.0
Portfolio turnover23%23%

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Fund Management and Purchase Info

Fund familyLegg Mason
Fund manager & tenureDavid Fare / 15 Years
Minimal initial investment$1,000.00
Minimum IRA investment--

Holdings

Fixed income101.03%
U.S. stock0.00%
International stock0.00%
Cash0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 1.37%
-- 1.34%
-- 1.32%
-- 0.99%
-- 0.97%
-- 0.88%
-- 0.85%
-- 0.81%
-- 0.75%
-- 0.72%