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Western Asset Managed Municipals Fund (MMU)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of Dec. 4, 2024
Current
Market Price $10.62 (- $0.02)
NAV (Dec. 4, 2024) $11.74 ( $0.00)
Fund Listed NYSE
Premium / Discount -9.54% (-0.17%)
Fund Info
Inception June 26, 1992
Sponsor
Website https://www.franklinte...
Phone 1-888-777-0102
NAV Symbol XMMUX
Location New York
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board Yes
Term Date N/A
Objective: Current income exempt from federal income tax; investment grade municipal obligations
Related Indexes
National Municipal Bond Index
Tax-Sensitive Income Index
Capital & Leverage
Outstanding Shares 54,619,848
Total Assets (Reported: May 31, 2024) $930M
Estimated Total Assets $961M
Net Assets $641M
Market Cap $580M
Portfolio Turnover 17.00%
Total Leverage 33.30%
Structural Leverage (out of total) 93.48%
Portfolio Leverage (out of total) 6.52%
Expense Ratio 3.20%
Non Lev Exp Ratio 1.05%
Rel Lev Cost 4.32%
Discount Data
Average Discount (3 Yr) -11.43%
Discount Low(3 Yr) -17.32%
Discount High(3 Yr) -4.56%
Discount Rel Range (3 Yr) 60.95%
Comp Discount -2.22
Discount St Dev (1Yr) 2.25
Z-Stat
Z-Stat (6mo) 0.03
Z-Stat (1Yr) 0.83
Z-Stat (3Yr) 0.71
Comp Z-Stat (6mo) -0.04
Comp Z-Stat (3Yr) 0.33
Distribution Data
Market Yield 6.16%
Income Yield 3.77%
Lev Adj NAV Yield 4.18%
Distribution Frequency M
Current Distribution $0.055
Current Income $0.033
Ex-Date 12/23/24
Payable Date 12/31/24
Div Growth (3yr) 34.57%
Dividend Change 31.3% on 2/20/24
Expected Div 2/18/25
RoC (1yr) 36.14%
RoC (3yr) 19.72%
Tax Dividend Data 2023 2021 - 2023
Income 0.0% 0.0%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0.6%
RoC 11.7% 3.9%
Volume & Liquidity
Average Daily $ (K) $1,574
Avg Volume 30 day 137,812
Avg Volume 90 day 148,166
Volume Trend -6.99%
Comp Volume Trend -11.46%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
40.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
53.0%
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
74.0%
Most Correlated Peer (Mk Pr): NAD 77.0%
NAV - Price Correlation (30 d) 76.8%
NAV - Price Correlation (90 d) 91.1%
NAV - Price Correlation (1 Yr) 43.5%
Price St Dev (1Yr) 10.1%
NAV St Dev (1Yr) 5.3%
Earnings
Earnings / Share (9/30/24) $0.032
Earn Coverage 58.90%
Earnings Trend Up
UNII / Share (9/30/24) $-0.126
Rel UNII -31.42
UNII Trend Down
Bond Specific Data
Maturity 10.81
Duration 8.32
Credit Rating (rbo) A
Investment Grade 87.29%
Non Investment Grade 5.43%
Unrated Bonds 7.29%
Average Bond Price 102.78
Discount vs Price -6.76
Coupon 4.91%
Zero Coupon 0.60%
AMT 26.07%
AMT Yield 5.71%
Bond Calls Risk 6.24%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.82
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.50
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index
0.86

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

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