SMMCX

About SMMCX

Western Asset Managed Municipals Fund Class C is an open-end municipal bond mutual fund focused on generating tax-exempt income at the federal level. Managed under the Western Asset platform of Franklin Templeton, the fund primarily invests in a diversified portfolio of investment-grade municipal securities across states and sectors, with exposure spanning intermediate to long maturities—generally from one year to more than thirty years—to balance income and duration characteristics. Positioned in the Muni National Long category, it emphasizes broad geographic and sector diversification to reduce issuer-specific risk, reflecting the fund’s national scope and long-duration profile. The strategy targets high tax-exempt income and after-tax total return by allocating mainly to high-quality credits while retaining measured flexibility to adjust along the municipal yield curve as market conditions evolve. The fund’s role in the market is to provide individual and institutional investors with a professionally managed, federally tax-advantaged income stream sourced from bonds that finance public projects such as infrastructure, education, and utilities, aligning portfolio construction with the distinct dynamics of the U.S. municipal market.