Western Asset Managed Municipals is managed by an experienced team that plies a thoughtful and repeatable investment approach to 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.
Western Asset Managed Municipals 1 SMMOX
NAV / 1-Day Return
16.94
/
0.02
%
Total Assets
4.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.510%
Expense Ratio
0.510%
Fee Level
Average
Longest Manager Tenure
16.57
years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
0
Status
Closed
TTM Yield
2.72%
Effective Duration
5.35
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
An experienced team manages this strategy.
