Western Asset Massachusetts Muni A (SLMMX)
| Fund Assets | 33.85M |
| Expense Ratio | 0.75% |
| Min. Investment | $1,000 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 2.54% |
| Dividend Growth | -0.30% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 11.35 |
| YTD Return | -0.25% |
| 1-Year Return | -1.21% |
| 5-Year Return | -2.40% |
| 52-Week Low | 10.76 |
| 52-Week High | 11.75 |
| Beta (5Y) | n/a |
| Holdings | 51 |
| Inception Date | Dec 21, 1987 |
About SLMMX
Western Asset Massachusetts Municipals Fund Class A is an open-end mutual fund that primarily invests in municipal securities issued by entities within the Commonwealth of Massachusetts. Its main objective is to provide investors with a high level of monthly income that is exempt from both regular federal income tax and Massachusetts state income tax. The fund’s portfolio focuses on intermediate- and long-term municipal bonds, but it has the flexibility to invest in securities of any maturity to meet its objectives. By targeting municipal bonds, the fund supports financing for various sectors and infrastructure projects within Massachusetts, including education, healthcare, and transportation. The fund is designed for investors seeking tax-advantaged income while participating in the municipal bond market, and it plays a key role in connecting Massachusetts’ public sector funding needs with individual and institutional investors.
Performance
SLMMX had a total return of -1.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.01%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VMATX | Vanguard | Vanguard MA Tax-Exempt Inv | 0.09% |
Top 10 Holdings
47.85% of assets| Name | Symbol | Weight |
|---|---|---|
| MASSACHUSETTS ST DEV FIN AGY REV 5% | MA.MASDEV 07.01.2050 | 6.45% |
| MASSACHUSETTS ST PORT AUTH SPL FACS REV 5% | MA.MASTRN 5 07.01.2049 | 5.79% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.25% | MA.MASDEV 5.25 07.01.2050 | 5.18% |
| MASSACHUSETTS ST DEV FIN AGY REV 4% | MA.MASDEV 4 09.01.2044 | 5.10% |
| MASSACHUSETTS ST DEV FIN AGY REV 5% | MA.MASDEV 5 04.01.2037 | 4.53% |
| MASSACHUSETTS ST 5% | MA.MAS 5 08.01.2051 | 4.52% |
| MASSACHUSETTS ST DEV FIN AGY REV 5% | MA.MASDEV 5 07.01.2050 | 4.26% |
| MASSACHUSETTS ST DEV FIN AGY REV 0.85% | MA.MASDEV 03.01.2048 | 4.17% |
| MASSACHUSETTS ST DEV FIN AGY REV 5% | MA.MASDEV 5 10.01.2040 | 4.07% |
| MASSACHUSETTS ST DEV FIN AGY REV 5% | MA.MASDEV 5 10.01.2044 | 3.78% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02577 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02533 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02447 | Jun 30, 2025 |
| May 30, 2025 | $0.02721 | May 30, 2025 |
| Apr 30, 2025 | $0.02562 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02441 | Mar 31, 2025 |