Western Asset Massachusetts Muni C (SMALX)
| Fund Assets | 33.85M |
| Expense Ratio | 1.30% |
| Min. Investment | $1,000 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.24 |
| Dividend Yield | 2.09% |
| Dividend Growth | 0.11% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 11.36 |
| YTD Return | -0.38% |
| 1-Year Return | -1.61% |
| 5-Year Return | -4.69% |
| 52-Week Low | 10.76 |
| 52-Week High | 11.75 |
| Beta (5Y) | 0.28 |
| Holdings | 51 |
| Inception Date | Nov 10, 1994 |
About SMALX
Western Asset Massachusetts Municipals Fund Class C is a municipal bond mutual fund designed to provide Massachusetts investors with current income that is generally exempt from both federal and Massachusetts state income taxes. The fund primarily invests at least 80% of its net assets in municipal securities issued by state and local governments within Massachusetts, including revenue and general obligation bonds. These holdings focus on supporting public projects such as infrastructure and development initiatives within the state. The fund is actively managed, seeking to balance interest rate sensitivity with credit quality, and typically appeals to investors residing in Massachusetts who are seeking tax-advantaged income. Western Asset Massachusetts Municipals Fund Class C holds a concentrated portfolio, with over half of its assets allocated to its top ten holdings, reflecting a focused investment approach in the Massachusetts municipal bond market. It plays an important role for residents seeking steady, tax-exempt income and contributing to local public initiatives through their investment.
Performance
SMALX had a total return of -1.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.32%.
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 | $0.02045 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02008 | Jul 31, 2025 |
| Jun 30, 2025 | $0.01965 | Jun 30, 2025 |
| May 30, 2025 | $0.02184 | May 30, 2025 |
| Apr 30, 2025 | $0.02065 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01949 | Mar 31, 2025 |