Western Asset Managed Municipals Fund Class 1 (SMMOX)
| Fund Assets | 2.48B |
| Expense Ratio | 0.56% |
| Min. Investment | $1,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.51 |
| Dividend Yield | 3.44% |
| Dividend Growth | -0.99% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 14.76 |
| YTD Return | -0.22% |
| 1-Year Return | 4.00% |
| 5-Year Return | 4.97% |
| 52-Week Low | 14.07 |
| 52-Week High | 15.10 |
| Beta (5Y) | 0.28 |
| Holdings | 650 |
| Inception Date | Sep 12, 2000 |
About SMMOX
Western Asset Managed Municipals Fund Class 1 is an open-end mutual fund specializing in U.S. municipal bonds. Its primary objective is to maximize current income that is exempt from regular federal income tax, making it particularly attractive to investors seeking tax-advantaged income streams. The fund predominantly invests in investment-grade municipal securities from various issuers nationwide, offering diversified exposure to sectors such as infrastructure, utilities, and public projects. Managed by an experienced, collaborative team, the fund follows a disciplined and repeatable investment process, aiming to provide a steady yield while maintaining moderate credit risk and extensive interest rate sensitivity. With a significant asset base and a medium-to-long effective duration, Western Asset Managed Municipals Fund Class 1 plays a key role in the national muni bond category by helping investors manage tax liability and preserve capital through high-quality fixed-income securities.
Performance
SMMOX had a total return of 4.00% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.87%.
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 Fund - Class M | 0.75% |
| FKISX | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.50% |
| FUENX | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
| FHIGX | Fidelity | Fidelity Municipal Income Fund | 0.43% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.04193 | Feb 27, 2026 |
| Jan 30, 2026 | $0.04624 | Jan 30, 2026 |
| Dec 31, 2025 | $0.04714 | Dec 31, 2025 |
| Nov 28, 2025 | $0.04085 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04528 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03901 | Sep 30, 2025 |