Western Asset Managed Municipals FundMMU
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 filings 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]
2% less funds holding
Funds holding: 114 [Q3] → 112 (-2) [Q4]
6% less capital invested
Capital invested by funds: $251M [Q3] → $236M (-$15.8M) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for MMU.
Financial journalist opinion
