Western Asset Managed Municipals IS (SSMMX)

Fund Assets	2.32B
Expense Ratio	0.50%
Min. Investment	$1,000
Turnover	6.00%
Dividend (ttm)	0.56
Dividend Yield	3.78%
Dividend Growth	4.08%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	14.75
YTD Return	0.75%
1-Year Return	5.96%
5-Year Return	1.45%
52-Week Low	14.42
52-Week High	15.14
Beta (5Y)	0.11
Holdings	625
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.

• Fund Family: Franklin Templeton Investments
• Category: Muni National Long
• Performance Rating: Above Average
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: SSMMX
• Share Class: Class Is
• Index: Bloomberg Municipal Bond TR

Performance

SSMMX had a total return of 5.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.11%.

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	0.75%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.50%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.50%
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
SMMYX	Class I	0.53%
SMMOX	Class 1	0.60%
SHMMX	Class A	0.73%
SMMCX	Class C	1.28%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.05046	Jul 31, 2026
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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