Western Asset Managed Municipals Fund
SMMOX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Legg Mason & Co., Llc New York NY United States of America 10018
- IPO Date
- Sep 12, 2000
- CIK
- 0000764624
- Website
- franklintempleton.com
- Similar Companies
- Business
- Western Asset Managed Municipals Fund Inc. (NYSE: MUI, formerly associated with ticker SMMOX in certain share classes) is a closed-end management investment company that seeks a high level of current income exempt from federal income tax by investing primarily in municipal securities issued by state and local governments, as well as private activity bonds, revenue bonds, general obligation bonds, and notes; it also employs leverage through preferred shares and/or borrowings to enhance yield potential. The fund offers investors exposure to a diversified portfolio of investment-grade and high-yield municipal debt instruments, including variable rate demand obligations, pre-refunded bonds, and insured municipal securities, with a focus on intermediate- to long-term maturities for tax-exempt income generation. Managed by Franklin Resources, Inc. through its subsidiary Western Asset Management Company, the fund operates nationwide in the U.S., targeting individual and institutional investors seeking tax-advantaged fixed income. Founded in 1994 and headquartered in Pasadena, California, the fund underwent a significant strategic shift in late 2023 when its management was transitioned from Legg Mason to Franklin Templeton following Franklin's acquisition of Legg Mason; this included portfolio manager continuity under Western Asset while integrating into Franklin's broader platform, with no major name changes, new product launches, or funding rounds reported in 2024-2025.