Western Asset Managed Municipals Fund Class A (SHMMX)

Fund Assets	2.11B
Expense Ratio	0.716%
Min. Investment	$1,000
Turnover	6.00%
Dividend (ttm)	0.52
Dividend Yield	3.71%
Dividend Growth	3.72%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	13.94
YTD Return	-3.23%
1-Year Return	-2.31%
5-Year Return	0.14%
52-Week Low	13.76
52-Week High	15.12
Beta (5Y)	0.11
Holdings	625
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.

• Fund Family: Franklin Templeton, Inc
• Category: Muni National Long
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: SHMMX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

SHMMX had a total return of -2.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.84%.

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 M	0.73%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.44%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.49%
FUENX	Fidelity	Fidelity Flex Municipal Income Fund	n/a
FHIGX	Fidelity	Fidelity Municipal Income Fund	0.43%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SSMMX	Class Is	0.50%
SMMYX	Class I	0.53%
SMMOX	Class 1	0.60%
SMMCX	Class C	1.28%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.04341	Sep 30, 2026
Aug 31, 2026	$0.04153	Aug 31, 2026
Jul 31, 2026	$0.04733	Jul 31, 2026
Jun 30, 2026	$0.04289	Jun 30, 2026
May 29, 2026	$0.04443	May 29, 2026
Apr 30, 2026	$0.04301	Apr 30, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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