Western Asset Managed Municipals Fund (MMU)
Market Open
1 Sep, 19:45
NYSE NYSE Primary $
9. 97
-0.13
-1.2871%
$
- Market Cap
- Div Yield
176,563 Volume
$ 10.1
Previous Close 
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MMU: The Return Is Driven By Return Of Capital
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.
Seekingalpha | 1 month ago
