Western Asset Managed Municipals IS (SSMMX)
| Fund Assets | 2.54B |
| Expense Ratio | 0.48% |
| Min. Investment | $1,000,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.54 |
| Dividend Yield | 3.60% |
| Dividend Growth | 0.13% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 14.88 |
| YTD Return | -0.08% |
| 1-Year Return | -1.10% |
| 5-Year Return | 2.97% |
| 52-Week Low | 14.14 |
| 52-Week High | 15.33 |
| Beta (5Y) | n/a |
| Holdings | 666 |
| Inception Date | Mar 16, 2018 |
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.
Performance
SSMMX had a total return of -1.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.79%.
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 | $0.04764 | Aug 29, 2025 |
| Jul 31, 2025 | $0.04627 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0431 | Jun 30, 2025 |
| May 30, 2025 | $0.04738 | May 30, 2025 |
| Apr 30, 2025 | $0.04432 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04304 | Mar 31, 2025 |