Western Asset Managed Municipals IS (SSMMX)
| Fund Assets | 2.38B |
| Expense Ratio | 0.50% |
| Min. Investment | $1,000 |
| Turnover | 6.00% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 3.67% |
| Dividend Growth | 3.62% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 15.07 |
| YTD Return | 2.45% |
| 1-Year Return | 7.42% |
| 5-Year Return | 3.14% |
| 52-Week Low | 14.26 |
| 52-Week High | 15.14 |
| Beta (5Y) | 0.11 |
| Holdings | 642 |
| 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 7.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.35%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.04576 | Jun 30, 2026 |
| May 29, 2026 | $0.04739 | May 29, 2026 |
| Apr 30, 2026 | $0.04589 | Apr 30, 2026 |
| Mar 31, 2026 | $0.04611 | Mar 31, 2026 |
| Feb 27, 2026 | $0.04311 | Feb 27, 2026 |
| Jan 30, 2026 | $0.04747 | Jan 30, 2026 |