- What does SHMMX invest in?
- The fund generally commits at least 80% of its capital to municipal bonds and other investments that share similar economic features. These holdings are specifically chosen because their interest income is typically free from regular federal income tax, though it could still be subject to the federal Alternative Minimum Tax (AMT). Its investment strategy focuses on municipal debt with both intermediate and extended durations, selecting securities that have remaining maturities spanning from one year to more than three decades at the point of purchase.
- What is the expense ratio of SHMMX?
- Western Asset Managed Municipals Fund (SHMMX) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations.
- What is SHMMX's dividend yield?
- SHMMX's trailing-twelve-month yield is 3.53%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of SHMMX?
- Effective duration measures SHMMX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SHMMX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of SHMMX?
- SHMMX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of SHMMX?
- Yield to maturity (YTM) is the total return you'd earn from SHMMX if every bond in the portfolio is held to maturity at the current price. SHMMX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
