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Western Asset Managed Municipals A SHMMX

Analyst rating as of
NAV / 1-Day Return
16.46  /  0.13 %
Total Assets
4.5 Bil
Adj. Expense Ratio
0.640%
Expense Ratio
0.640%
Fee Level
Low
Longest Manager Tenure
15.92 years
Category
US Fund Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.54%
Effective Duration
5.99 years
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Morningstar’s Analysis

Will SHMMX outperform in future?

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Franklin to Buy Legg Mason

Senior Analyst

Analyst Note

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San Mateo, Calif.-based Franklin Resources announced today that it has entered into an agreement to buy Legg Mason for $4.5 billion in cash, creating a $1.5 trillion asset manager. The deal is expected to close in the third quarter of 2020, pending approval from regulators and other parties.

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