Morningstar

Western Asset Managed Municipals Fund Class IS SSMMX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 14.94  /  −0.27 %
  • Total Assets 2.4B
  • Adj. Expense Ratio
    0.420%
  • Expense Ratio 0.500%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 3.67%
  • Effective Duration 8.16 years

USD | NAV as of Jul 17, 2026 | 1-Day Return as of Jul 17, 2026, 12:30 AM GMT+0

Morningstar’s Analysis SSMMX

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

  • People Pillar

    The People Pillar is our evaluation of the SSMMX 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 SSMMX’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 Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings SSMMX

More SSMMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

1.56 37M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.26 30M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.13 27M
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

1.01 24M
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 5.25%

0.96 23M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

0.95 22M
municipal

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

0.90 21M
municipal

MASSACHUSETTS ST 5%

0.89 21M
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y REVS 5%

0.80 19M
municipal

METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN 4%

0.78 18M
municipal

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