Western Asset Managed Municipals Fund (MMU)

• Market cap: $535M
• 1 day: -0.10%
• 5 days: 1.43%
• 1 month: -0.90%
• 3 months: -2.07%
• 6 months: -4.51%
• Year to date: -4.51%
• 1 year: -3.12%
• 5 years: -17.44%
• 10 years: -26.21%
• 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 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]