Western Asset Managed Municipals Fund is a municipal bond closed-end fund focused on high-credit-quality, investment-grade bonds. MMU offers a 6.25% distribution, but after adjusting for return of capital, the effective yield is approximately 4.1%, which is unimpressive. The fund's strategy emphasizes low credit risk and medium tenor, but I believe better risk-adjusted returns exist in lower-rated muni bond funds.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Curtis Ellergodt Rothschild Investment LLC | 20,000 | $203,400.08 | $200,600 | -$2,800.08 | -1.38% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 37,998 | $395,940 | $385,299.72 | -$10,640.28 | -2.69% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 13,089 | $134,646.74 | $133,769.58 | -$877.16 | -0.65% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 614,247 | $6.37M | $6.16M | -$214,047.67 | -3.36% |
Joseph Castro Nuveen LLC | 91,512 | $941,658 | $924,271.2 | -$17,386.8 | -1.85% |