Western Asset Massachusetts Municipals Fund (SLMMX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SLMMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SLMMX
SLMMX charges 0.75% annually. There are 337 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | SLMMX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | SLMMX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | SLMMX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | SLMMX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | SLMMX vs FSMUX |
Best Risk-Adjusted Alternatives to SLMMX
SLMMX has a PortfoliosLab risk / return rank of 88. There are 67 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | SLMMX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | SLMMX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | SLMMX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | SLMMX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | SLMMX vs FHMIX |
Top Performing SLMMX Alternatives (YTD)
SLMMX is at 2.29% YTD. There are 87 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.97%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.97% | — | Apr 1998 | SLMMX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.93% | — | Nov 2002 | SLMMX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 8.42% | — | Oct 1992 | SLMMX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 7.33% | — | Nov 2001 | SLMMX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 7.11% | — | Feb 1998 | SLMMX vs MUC |
Lowest Volatility Alternatives to SLMMX
SLMMX has 3.01% 1-year volatility. There are 334 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | SLMMX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.56% | — | Aug 2002 | SLMMX vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | SLMMX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | SLMMX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | SLMMX vs USMTX |
Lowest Drawdown Alternatives to SLMMX
SLMMX has a 1-year max drawdown of -2.83%. There are 260 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | SLMMX vs BATVX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | SLMMX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | SLMMX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | SLMMX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | SLMMX vs DFSMX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 14 | 6.87% | — | Jan 1968 | SLMMX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 29 | -12.09% | — | May 1969 | SLMMX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 83 | 5.21% | — | — | SLMMX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 22 | 5.79% | — | Apr 1948 | SLMMX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 39 | 22.38% | — | Jun 2011 | SLMMX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 30 | 6.47% | — | Jan 1987 | SLMMX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 7 | 3.38% | — | Aug 1997 | SLMMX vs SBLGX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 87 | 5.36% | — | Aug 1997 | SLMMX vs FRIAX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 8 | 2.37% | — | Oct 1983 | SLMMX vs SHRAX | |
| Templeton Institutional Fund International Equity ... | Foreign Large Cap Equities | 41 | 13.70% | — | Oct 1990 | SLMMX vs TFEQX |
Often Compared With SLMMX
Investors most often compare SLMMX with DNYMX, NPV, APUSX. These 7 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| DFA NY Municipal Bond Portfolio | Municipal Bonds | 99 | 1.29% | — | Jun 2015 | SLMMX vs DNYMX | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 31 | 6.89% | — | Mar 1993 | SLMMX vs NPV | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 19 | 1.00% | — | Dec 2017 | SLMMX vs APUSX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.92% | — | Dec 2017 | SLMMX vs FGNSX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 87 | 2.11% | — | Jun 2012 | SLMMX vs FXIEX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 69 | 6.57% | — | Mar 1998 | SLMMX vs MUJ | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 31 | 5.93% | — | Mar 1970 | SLMMX vs SHAPX |
Compare SLMMX with Any Fund or Stock
Compare SLMMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SLMMX with funds that move differently
Western Asset Massachusetts Municipals Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SLMMX.
Explore SLMMX Diversifiers