Morningstar

Western Asset Managed Municipals Fund Class 1 SMMOX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 13.93  /  −0.14 %
  • Total Assets 2.1B
  • Adj. Expense Ratio
    0.520%
  • Expense Ratio 0.590%
  • 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 3.89%
  • Effective Duration 8.16 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:31 AM GMT+0

Morningstar’s Analysis SMMOX

Will SMMOX outperform in the 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 transition awaits.

Associate Analyst Joe Bullard

Joe Bullard

Associate Analyst

Summary

Uncertainty raised from the merging of municipal-bond teams between Western Asset and Franklin Templeton Fixed Income leads to the resetting of Western Asset Managed Municipal’s People and Process rating to Average from Above Average.

by Joe Bullard
Rated on Published on

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Portfolio Holdings SMMOX

More SMMOX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

1.62 37M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.30 29M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.16 26M
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

1.04 23M
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 5.25%

0.99 22M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

0.97 22M
municipal

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

0.92 21M
municipal

MASSACHUSETTS ST 5%

0.90 20M
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y REVS 5%

0.82 19M
municipal

METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN 4%

0.77 17M
municipal

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