SMMOX – Fund Analysis – Western Asset Managed Municipals 1 | Morningstar

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Will SMMOX outperform in the future?

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Process Pillar

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

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

An experienced team makes ample use of evolving proprietary muni technology.

Associate Analyst Joe Bullard

Joe Bullard

Associate Analyst

Summary

Western Asset Managed Municipal’s experienced team and repeatable process are largely unaffected by allegations against former Chief Investment Officer Ken Leech.

by Joe Bullard

Rated on Apr 27, 2026 Published on Apr 27, 2026

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