About SSMMX
Western Asset Managed Municipals Fund Class IS is an institutional share class of an actively managed municipal bond mutual fund. Its primary objective is to maximize current income that is exempt from regular federal income taxes, pursued within a framework emphasizing prudent risk management and capital preservation. The portfolio predominantly invests in investment‑grade municipal securities across states and sectors, with selective exposure to revenue bonds tied to essential services and infrastructure, reflecting a national, long-duration muni strategy. Managed by Western Asset, the strategy applies sector rotation and issuer selection to balance interest-rate sensitivity with credit research, targeting after‑tax income with monthly distributions. The fund holds a broadly diversified roster of hundreds of bonds, limiting concentration while allowing for thematic positioning in areas such as transportation, utilities, and state general obligations. Within the U.S. fixed income market, it serves as a dedicated tax‑exempt core holding for institutions and sophisticated investors seeking municipal market exposure and federally tax‑advantaged income, complemented by an institutional fee structure and sizable asset base indicative of scale and liquidity.
Fund Family Franklin Templeton Investments
Category Muni National Long
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol SSMMX
Share Class Class Is
Index Bloomberg Municipal Bond TR
SSMMX had a total return of 3.74% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.09%.
