Western Asset Managed Municipals 1 (SMMOX)

Fund Assets	2.11B
Expense Ratio	0.593%
Min. Investment	$1,000
Turnover	6.00%
Dividend (ttm)	0.54
Dividend Yield	3.83%
Dividend Growth	8.51%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	13.92
YTD Return	-4.11%
1-Year Return	-3.19%
5-Year Return	-0.78%
52-Week Low	13.74
52-Week High	15.10
Beta (5Y)	0.27
Holdings	625
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.

• Fund Family: Franklin Templeton, Inc
• Category: Muni National Long
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: SMMOX
• Share Class: Class 1
• Index: Bloomberg Municipal Bond TR

Performance

SMMOX had a total return of -3.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.63%.

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	0.73%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.44%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.49%
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%
SHMMX	Class A	0.73%
SMMCX	Class C	1.28%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.04496	Sep 30, 2026
Aug 31, 2026	$0.04311	Aug 31, 2026
Jul 31, 2026	$0.04913	Jul 31, 2026
Jun 30, 2026	$0.04454	Jun 30, 2026
May 29, 2026	$0.04612	May 29, 2026
Apr 30, 2026	$0.04469	Apr 30, 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:

Oct 16, 2026

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