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Morningstar

Western Asset Massachusetts Muni A SLMMX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 11.49  /  +0.09 %
  • Total Assets 55.3 Mil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.60%
  • Effective Duration 7.62 years

USD | NAV as of Jul 03, 2024 | 1-Day Return as of Jul 03, 2024, 12:53 AM GMT+0

Morningstar’s Analysis SLMMX

Will SLMMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SLMMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SLMMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SLMMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Western Asset Massachusetts Muni A earns a Morningstar Medalist Rating of Neutral with strength in areas such as People offset by weaker spots such as Process.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
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Portfolio Holdings SLMMX

More SLMMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 50.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST DEV FIN AGY REV 3.85%

7.07 3.9 Mil
municipal

MASSACHUSETTS ST PORT AUTH REV 5%

6.42 3.5 Mil
municipal

MASSACHUSETTS ST 5%

5.88 3.2 Mil
municipal

MASSACHUSETTS ST PORT AUTH SPL FACS REV 5%

5.67 3.1 Mil
municipal

MASSACHUSETTS DEPT TRANSN MET HWY SYS REV 5%

5.05 2.8 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

4.63 2.6 Mil
municipal

MASSACHUSETTS ST SPL OBLIG DEDICATED TAX REV 5.5%

4.32 2.4 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

4.08 2.3 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 4%

3.56 2.0 Mil
municipal

MASSACHUSETTS MUN WHSL ELEC CO REV 4%

3.47 1.9 Mil
municipal