Western Asset Managed Municipals Fund Class A (SHMMX)
| Fund Assets | 2.39B |
| Expense Ratio | 0.73% |
| Min. Investment | $1,000 |
| Turnover | 6.00% |
| Dividend (ttm) | 0.52 |
| Dividend Yield | 3.32% |
| Dividend Growth | 3.98% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 15.02 |
| YTD Return | 2.29% |
| 1-Year Return | 7.13% |
| 5-Year Return | 4.48% |
| 52-Week Low | 14.23 |
| 52-Week High | 15.12 |
| Beta (5Y) | 0.11 |
| Holdings | 642 |
| 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 7.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.04%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.04289 | Jun 30, 2026 |
| May 29, 2026 | $0.04443 | May 29, 2026 |
| Apr 30, 2026 | $0.04301 | Apr 30, 2026 |
| Mar 31, 2026 | $0.04327 | Mar 31, 2026 |
| Feb 27, 2026 | $0.04061 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0447 | Jan 30, 2026 |