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 | $180,200 | -$23,200.08 | -11.41% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 37,998 | $395,940 | $342,361.98 | -$53,578.02 | -13.53% |
| TW Todd Wulfson Rock Point Advisors LLC | 53,191 | $545,053.72 | $479,250.91 | -$65,802.81 | -12.07% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 13,089 | $134,646.74 | $122,513.04 | -$12,133.7 | -9.01% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 768,088 | $7.75M | $7.01M | -$736,101.77 | -9.5% |