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Morningstar

Western Asset Managed Municipals C SMMCX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 14.44  /  0.11 %
  • Total Assets 3.0 Bil
  • Adj. Expense Ratio
    1.200%
  • Expense Ratio 1.200%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.71%
  • Effective Duration 6.92 years

USD | NAV as of Sep 23, 2023 | 1-Day Return as of Sep 23, 2023, 12:14 AM GMT+0

Morningstar’s Analysis SMMCX

Will SMMCX 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 SMMCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the SMMCX 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 SMMCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Mike Buchanan Named Co-CIO of Western Asset; Ratings Unchanged

null Mike Mulach

Mike Mulach

Analyst Note

Western Asset named Mike Buchanan as co-CIO alongside Ken Leech on Sept. 1, 2023. While there are no indications that Leech has imminent plans to retire, we view this as part of prudent succession planning rather than a significant shift in investment responsibilities. Buchanan remains Western’s head of global credit and has been Western’s deputy CIO since 2015.

by Mike Mulach
Published on

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Portfolio Holdings SMMCX

More SMMCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 790
  • Other Holdings 2
  • % Assets in Top 10 Holdings 10.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JEFFERSON CNTY ALA SWR REV 0%

1.77
55,223,010
municipal

SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4%

1.23
38,458,661
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

1.16
36,128,196
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

1.10
34,298,720
municipal

ILLINOIS ST 5%

1.01
31,463,697
municipal

TRIBOROUGH BRDG & TUNL AUTH NY REVS 5%

0.98
30,525,640
municipal

CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5%

0.93
29,177,172
municipal

TENNESSEE ENERGY ACQUISITION CORP GAS REV 4%

0.81
25,265,819
municipal

PORT AUTH N Y & N J 5%

0.80
24,995,792
municipal

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

0.79
24,840,427
municipal