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Morningstar

Western Asset Managed Municipals 1 SMMOX

Morningstar Analyst Rating
Analyst rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 15.05  /  0.11 %
  • Total Assets 3.2 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.500%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 0
  • Status Closed
  • TTM Yield 2.97%
  • Effective Duration 7.49 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:15 PM GMT+00:00

Morningstar’s Analysis SMMOX

Will SMMOX 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 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.

A knowledgeable and collaborative team helms this strategy.

Associate Director

Summary

| by Elizabeth Foos

Western Asset Managed Municipals is run by a knowledgeable and collaborative team that follows a careful and repeatable process when building this portfolio. The strategy earns a Morningstar Analyst Rating of Bronze for its cheaper share classes and Neutral for its more expensive C and A shares.

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