Western Asset Managed Municipals I (SMMYX)
| Fund Assets | 2.54B |
| Expense Ratio | 0.51% |
| Min. Investment | $1,000,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.53 |
| Dividend Yield | 3.57% |
| Dividend Growth | 0.14% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 14.88 |
| YTD Return | 0.18% |
| 1-Year Return | -0.13% |
| 5-Year Return | 4.00% |
| 52-Week Low | 14.14 |
| 52-Week High | 15.33 |
| Beta (5Y) | n/a |
| Holdings | 666 |
| Inception Date | Apr 4, 1995 |
About SMMYX
Western Asset Managed Municipals Fund Class I is an open-end municipal bond mutual fund focused on generating high levels of income that are excluded from gross income for U.S. federal tax purposes. The fund primarily invests in intermediate- and long-term municipal securities, typically spanning maturities from one to over thirty years, to balance income potential with interest-rate risk. Its mandate emphasizes predominantly investment-grade issuers while allowing limited exposure to lower-rated bonds to enhance income and diversification. The portfolio concentrates in national municipal credits across sectors such as essential services, transportation, utilities, and state and local general obligations, seeking broad geographic and sector exposure within the U.S. tax-exempt market. Managed by a specialized team with a repeatable process, the strategy targets after-tax total return through security selection, credit research, and active duration management. Within the muni national long category, the fund’s risk profile reflects medium credit quality and extensive interest-rate sensitivity consistent with its longer-duration focus. This vehicle serves investors seeking tax-advantaged income and diversified municipal bond exposure within a professionally managed framework.
Performance
SMMYX had a total return of -0.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.18%.
Top 10 Holdings
10.06% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% | PR.PRCUTL 5 07.01.2047 | 1.35% |
| ILLINOIS ST 5% | IL.ILS 5 11.01.2027 | 1.22% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 01.01.2055 | 1.20% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 02.01.2055 | 1.07% |
| PORT AUTH N Y & N J 5% | NY.PORTRN 5 10.15.2041 | 0.96% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% | NY.NYCGEN 5 02.01.2047 | 0.92% |
| PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 5.25% | PA.PASDEV 5.25 06.30.2053 | 0.85% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5% | NY.NYTTRN 5 07.01.2046 | 0.84% |
| M-S-R ENERGY AUTH CALIF GAS REV 7% | CA.MSRPWR 7 11.01.2034 | 0.84% |
| BAY AREA TOLL AUTH CALIF TOLL BRDG REV 3.88% | CA.BAYTRN 04.01.2036 | 0.81% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.04726 | Aug 29, 2025 |
| Jul 31, 2025 | $0.04591 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04277 | Jun 30, 2025 |
| May 30, 2025 | $0.047 | May 30, 2025 |
| Apr 30, 2025 | $0.04397 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04269 | Mar 31, 2025 |