Western Asset Managed Municipals Fund (MMU)

• Market cap: $525M
• 1 day: 0.30%
• 5 days: 1.74%
• 1 month: -3.30%
• 3 months: -4.42%
• 6 months: -3.77%
• Year to date: -4.42%
• 1 year: 0.40%
• 5 years: -13.02%
• 10 years: -30.32%
• Sector: Financials
• Industry: Asset Management

About: Western Asset Managed Municipals Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is to maximize current income exempted from federal income tax as is consistent with the preservation of principal. It predominantly invests in long-term investment grade municipal debt securities issued by state and local governments, political subdivisions, agencies, and public authorities (municipal obligations). Under normal market conditions, a majority of its total assets are invested in municipal obligations rated investment grade at the time of investment.

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

28% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 32

25% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 12

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

0.33% less ownership

Funds ownership: 42.59% [Q3] → 42.26% (-0.33%) [Q4]

1% less funds holding

Funds holding: 114 [Q3] → 113 (-1) [Q4]

6% less capital invested

Capital invested by funds: $251M [Q3] → $236M (-$15.7M) [Q4]