Western Asset Managed Municipals Fund (MMU)

• Market cap: $542M
• 1 day: -0.30%
• 5 days: -0.10%
• 1 month: -0.90%
• 3 months: -1.10%
• 6 months: -4.99%
• Year to date: -4.90%
• 1 year: -7.22%
• 5 years: -21.68%
• 10 years: -29.89%
• 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. The fund predominantly invests in long-term investment grade municipal debt securities issued by state and local governments, political subdivisions, agencies, and public authorities (municipal obligations).

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2024] → 2 (+1) [Q1 2025]

38% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 29

0.87% less ownership

Funds ownership: 42.4% [Q4 2024] → 41.54% (-0.87%) [Q1 2025]

1% less capital invested

Capital invested by funds: $237M [Q4 2024] → $234M (-$2.94M) [Q1 2025]

9% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 11

4% less funds holding

Funds holding: 114 [Q4 2024] → 109 (-5) [Q1 2025]