Western Asset Managed Municipals Fund (SHMMX) Research
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.
Market snapshot
- Symbol
- SHMMX
- Price
- $15.00
- Day change
- +0.07%
- Market cap
- $2.4B
- P/E ratio
- -296.99x
- 52-week range
- 14.23-15.12
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
- American Funds International Vantage Fund (AIVFX)
- Columbia Select Large Cap Value Fund (CSVZX)
- Fidelity Freedom 2065 Fund (FFSFX)
- Fidelity Freedom Blend 2025 Fund (FHAUX)
- Fidelity Stock Sector Mid Cap Fund (FSSMX)
- Parnassus Mid Cap Fund (PARMX)
- BNY Mellon S&P 500 Index Fund (PEOPX)
- AMG Funds - AMG Yacktman Focused Fund (YAFIX)
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