Western Asset Massachusetts Municipals Fund (SLMMX)
The fund normally invests at least 80% of its assets in investment grade "Massachusetts municipal securities" or other investments with similar economic characteristics. It may invest in securities of any maturity. The fund focuses primarily on intermediate-term and long-term municipal securities, and will normally invest in securities which have remaining maturities at the time of purchase from 1 to more than 30 years. It is non-diversified.
Fund Info
US52469K1007
52469K100
Dec 20, 1987
$1,000
Expense Ratio
SLMMX features an expense ratio of 0.75%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Western Asset Massachusetts Municipals Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Western Asset Massachusetts Municipals Fund had a return of -0.04% year-to-date (YTD) and 1.46% in the last 12 months. Over the past 10 years, Western Asset Massachusetts Municipals Fund had an annualized return of 1.36%, while the S&P 500 had an annualized return of 11.31%, indicating that Western Asset Massachusetts Municipals Fund did not perform as well as the benchmark.
SLMMX
-0.04%
0.49%
-0.61%
1.46%
-0.43%
1.36%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of SLMMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.05% | -0.04% | |||||||||||
| 2024 | -0.03% | 0.03% | 0.22% | -1.61% | 0.15% | 1.70% | 0.82% | 0.49% | 1.06% | -1.67% | 1.78% | -1.66% | 1.20% |
| 2023 | 3.05% | -2.65% | 2.20% | -0.07% | -0.74% | 0.49% | 0.12% | -1.10% | -2.46% | -1.88% | 6.31% | 2.72% | 5.77% |
| 2022 | -2.80% | -0.66% | -3.37% | -3.81% | 1.30% | -2.57% | 2.98% | -2.56% | -4.21% | -1.09% | 5.15% | 0.24% | -11.25% |
| 2021 | 0.63% | -1.91% | 0.66% | 1.35% | 0.62% | 0.23% | 0.75% | -0.42% | -0.88% | -0.11% | 0.90% | 0.29% | 2.08% |
| 2020 | 2.08% | 1.18% | -4.43% | -2.59% | 3.24% | 0.91% | 1.63% | -0.29% | -0.05% | -0.20% | 1.43% | 0.59% | 3.31% |
| 2019 | 0.41% | 0.48% | 1.63% | 0.49% | 1.30% | 0.34% | 0.63% | 1.58% | -0.64% | 0.00% | -0.23% | 0.29% | 6.44% |
| 2018 | -1.24% | -0.47% | 0.43% | -0.47% | 0.99% | -0.05% | 0.02% | 0.13% | -0.72% | -0.72% | 1.01% | 1.15% | 0.04% |
| 2017 | 0.04% | 0.64% | 0.19% | 0.74% | 1.54% | -0.14% | 0.58% | 0.58% | -0.43% | 0.34% | -0.21% | 1.15% | 5.12% |
| 2016 | 1.04% | 0.00% | 0.64% | 0.69% | 0.40% | 1.91% | -0.27% | 0.09% | -0.67% | -1.11% | -3.83% | 0.26% | -0.95% |
| 2015 | 1.99% | -0.80% | 0.29% | -0.72% | 0.14% | -0.26% | 0.67% | 0.27% | 0.50% | 0.12% | 0.73% | 0.97% | 3.94% |
| 2014 | 1.92% | 1.45% | 0.34% | 0.89% | 1.92% | 0.06% | 0.22% | 1.16% | 0.52% | 0.85% | 0.06% | 0.69% | 10.54% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SLMMX is 15, meaning it’s performing worse than 85% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Western Asset Massachusetts Municipals Fund (SLMMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Western Asset Massachusetts Municipals Fund provided a 2.59% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.30 | $0.25 | $0.23 | $0.30 | $0.36 | $0.39 | $0.40 | $0.39 | $0.43 | $0.47 |
Dividend yield | 2.59% | 2.61% | 2.57% | 2.17% | 1.75% | 2.30% | 2.84% | 3.11% | 3.13% | 3.10% | 3.30% | 3.65% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset Massachusetts Municipals Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.30 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.30 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2017 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2016 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.43 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Western Asset Massachusetts Municipals Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Western Asset Massachusetts Municipals Fund was 16.47%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Western Asset Massachusetts Municipals Fund drawdown is 5.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.47% | Jul 21, 2021 | 320 | Oct 25, 2022 | — | — | — |
| -14.38% | Jun 4, 2008 | 136 | Dec 16, 2008 | 102 | May 14, 2009 | 238 |
| -14.18% | Jan 31, 1994 | 211 | Nov 21, 1994 | 132 | May 24, 1995 | 343 |
| -11.08% | Mar 2, 2020 | 15 | Mar 20, 2020 | 198 | Dec 31, 2020 | 213 |
| -9.9% | Dec 4, 2012 | 193 | Sep 10, 2013 | 265 | Sep 29, 2014 | 458 |
Volatility
Volatility Chart
The current Western Asset Massachusetts Municipals Fund volatility is 1.31%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.