Western Asset Managed Municipals Fund Class A (SHMMX)
| Fund Assets | 2.47B |
| Expense Ratio | 0.70% |
| Min. Investment | $1,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.51 |
| Dividend Yield | 3.26% |
| Dividend Growth | 2.72% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 15.04 |
| YTD Return | 1.33% |
| 1-Year Return | 4.75% |
| 5-Year Return | 2.90% |
| 52-Week Low | 14.26 |
| 52-Week High | 15.64 |
| Beta (5Y) | n/a |
| Holdings | 654 |
| Inception Date | Mar 4, 1981 |
About SHMMX
Western Asset Managed Municipals Fund Class A is a mutual fund dedicated to providing investors with high levels of income that are exempt from regular federal income tax. Its core strategy centers on investing in a diversified portfolio of predominantly investment-grade municipal bonds, which are debt securities issued by state and local governments or their agencies across the United States. The fund has minimal allocation to domestic equities and a small exposure to foreign issues, reflecting its focus on municipal fixed income securities. Managed by Franklin Templeton Investments, the fund seeks to maximize after-tax total returns while maintaining limited exposure to credit and interest rate risk through careful portfolio construction. This vehicle chiefly appeals to investors seeking tax-advantaged income and plays a vital role in the broader market by channeling capital to public infrastructure and community projects through municipal debt markets.
Performance
SHMMX had a total return of 4.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.90%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FLUVX | Fidelity | Fidelity Advisor Municipal Income Fund - Class M | 0.75% |
| FKISX | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.51% |
| FUENX | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
| FHIGX | Fidelity | Fidelity Municipal Income Fund | 0.44% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0447 | Jan 30, 2026 |
| Dec 31, 2025 | $0.04554 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03968 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04638 | Oct 31, 2025 |
| Sep 30, 2025 | $0.04053 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04468 | Aug 29, 2025 |