Western Asset Managed Municipals C (SMMCX)

Fund Assets	2.32B
Expense Ratio	1.28%
Min. Investment	$1,000
Turnover	6.00%
Dividend (ttm)	0.44
Dividend Yield	2.99%
Dividend Growth	5.65%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	14.75
YTD Return	0.42%
1-Year Return	5.19%
5-Year Return	-0.55%
52-Week Low	14.41
52-Week High	15.14
Beta (5Y)	0.11
Holdings	625
Inception Date	Nov 9, 1994

About SMMCX

Western Asset Managed Municipals Fund Class C is an open-end municipal bond mutual fund focused on generating tax-exempt income at the federal level. Managed under the Western Asset platform of Franklin Templeton, the fund primarily invests in a diversified portfolio of investment-grade municipal securities across states and sectors, with exposure spanning intermediate to long maturities—generally from one year to more than thirty years—to balance income and duration characteristics. Positioned in the Muni National Long category, it emphasizes broad geographic and sector diversification to reduce issuer-specific risk, reflecting the fund’s national scope and long-duration profile. The strategy targets high tax-exempt income and after-tax total return by allocating mainly to high-quality credits while retaining measured flexibility to adjust along the municipal yield curve as market conditions evolve. The fund’s role in the market is to provide individual and institutional investors with a professionally managed, federally tax-advantaged income stream sourced from bonds that finance public projects such as infrastructure, education, and utilities, aligning portfolio construction with the distinct dynamics of the U.S. municipal market.

• Fund Family: Franklin Templeton Investments
• Category: Muni National Long
• Performance Rating: Below Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: SMMCX
• Share Class: Class C
• Index: Bloomberg Municipal Bond TR

Performance

SMMCX had a total return of 5.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.88%.

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	0.75%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.50%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.50%
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%
SHMMX	Class A	0.73%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03976	Jul 31, 2026
Jun 30, 2026	$0.03592	Jun 30, 2026
May 29, 2026	$0.03722	May 29, 2026
Apr 30, 2026	$0.03605	Apr 30, 2026
Mar 31, 2026	$0.03646	Mar 31, 2026
Feb 27, 2026	$0.03487	Feb 27, 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:

Aug 27, 2026

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