MMU Profile
Western Asset Managed Municipals Fund Inc., managed by Legg Mason Partners Fund Advisor, LLC in conjunction with Western Asset Management Company, operates as a closed-ended fixed income mutual fund focused on the United States' fixed income markets. Established on June 26, 1992, the fund specializes in investing in securities that offer income exempt from federal income tax, primarily targeting investment grade municipal securities.
Employing a rigorous investment approach grounded in intensive proprietary research, Western Asset Managed Municipals Fund Inc. strategically constructs its portfolio to optimize income generation while maintaining a high degree of credit quality. The fund benchmarks its performance against the Barclays Capital Municipal Bond Index, ensuring a disciplined approach to monitoring and evaluating its investment outcomes.
Formerly known as Managed Municipals Portfolio Inc., the fund has evolved under the management expertise of Legg Mason Partners Fund Advisor, LLC and Western Asset Management Company to become a trusted vehicle for investors seeking tax-exempt income within the municipal bond sector. Based in the United States, the fund remains committed to delivering competitive returns while adhering to its core mission of providing income exempt from federal taxes to its shareholders.
Western Asset Managed Municipals Fund Inc. continues to play a pivotal role in the fixed income investment landscape, leveraging its extensive experience and disciplined investment strategies to navigate the complexities of municipal bond markets and deliver value to its investors.
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