Mutual Fund Insights: Legg Mason WA Massachusetts Muni C Fund (SMALX)

In-depth Analysis of Legg Mason WA Massachusetts Muni C Fund (SMALX)

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See Legg Mason WA Massachusetts Muni C Fund (SMALX) performance details as of February 28, 2010

  

Last Trade: $12.71 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Stephen A. S. Walsh

Fund Manager Tenure: 3.4 years   [Similar Funds: SMABX ]
Fundmojo Fund Grade: C (Score: 0.58)     (What does this score mean?)

Stephen A. S. Walsh is a chief investment officer of Western Asset Management Company since September 2008. Prior to joining Western in 1990, Stephen A. S. Walsh was a portfolio manager at Security Pacific Investment Managers from 1989 to 1991. Prior to that, Stephen A. S. Walsh was a portfolio manager at Atlantic Richfield Company from 1981 to 1988.He has over 27 years of investment experience  Get more insights on Stephen A. S. Walsh

  

 What we like about Legg Mason WA Massachusetts Muni C Fund (SMALX)

Data for Legg Mason WA Massachusetts Muni C Fund (SMALX) as of February 28, 2010

• Legg Mason WA Massachusetts Muni C Fund (SMALX) management has been with Legg Mason WA Massachusetts Muni C Fund for 3.4 years
• Legg Mason WA Massachusetts Muni C Fund (SMALX) has good mid-term performance (3-year return 3.25% vs 3.01 % Muni Massachusetts category average)
• Legg Mason WA Massachusetts Muni C Fund (SMALX) ratio of up-years vs down years is greater than 2
• Legg Mason WA Massachusetts Muni C Fund (SMALX) has an annual stock turnover rate of 14.00% vs Muni Massachusetts average of 18.26%. It is good that Legg Mason WA Massachusetts Muni C management does not trade extensively for its return.
• Legg Mason WA Massachusetts Muni C Fund (SMALX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.91, lower than category average of 7.26

  

 What we are cautious about Legg Mason WA Massachusetts Muni C Fund (SMALX)

Data for Legg Mason WA Massachusetts Muni C Fund (SMALX) as of February 28, 2010

• Legg Mason WA Massachusetts Muni C Fund is a focused fund with 40.29% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Legg Mason WA Massachusetts Muni C Fund (SMALX) has a less-than-ideal short-term performance (1-year return 11.19% vs 11.80 % Muni Massachusetts category average)
• Legg Mason WA Massachusetts Muni C Fund (SMALX) has a less-than-ideal Long-term performance (5-year return 3.49% vs 3.56 % Muni Massachusetts category average)
• Legg Mason WA Massachusetts Muni C Fund (SMALX) has a Morningstar rating of 3 and below
• Legg Mason WA Massachusetts Muni C Fund (SMALX) has a higher management fee of 1.32% than its Muni Massachusetts average of 1.07%
• Legg Mason WA Massachusetts Muni C Fund (SMALX) carries a 1% load

See Legg Mason WA Massachusetts Muni C Fund (SMALX) performance details as of February 28, 2010

  

  

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Legg Mason WA Massachusetts Muni C Fund (SMALX) Net Asset

Track net asset change of Legg Mason WA Massachusetts Muni C fund (SMALX)

Date	Net Asset
02/2010	$122.53M
01/2010	$21.54M
11/2009	$20.32M

More historic net asset information on Legg Mason WA Massachusetts Muni C Fund (SMALX)

  

Legg Mason WA Massachusetts Muni C Fund (SMALX) Portfolio Allocation

Track portfolio allocation change of Legg Mason WA Massachusetts Muni C fund (SMALX)

Date	Cash	Stock	Bond	Other
09/2009	0.03%	0%	99.97%	0%
06/2009	0%	0%	100%	0%
03/2009	0.07%	0%	99.93%	0%

Click here to see more historic asset allocation information on Legg Mason WA Massachusetts Muni C Fund (SMALX)

  

Most Recent Top 10 Holdings in Legg Mason WA Massachusetts Muni C Fund (SMALX)

Discover what Legg Mason WA Massachusetts Muni C Fund (SMALX) manager is buying

30-Sep-09 Massachusetts St Spl Obl Ded Ref Re 5.5% [5.22%] Massachusetts Edl Fing Auth 6.125% [4.91%] Massachusetts St Health & Edl Rev Bds 5% [4.71%] Massachusetts St Dev Fin Agy R Rev Bd 5% [4.28%] Puerto Rico Elec Pwr Auth 5.375% [4.19%] Massachusetts St Go Bds 5% [4.06%] Univ Mass Bldg Auth 5% [4.06%] MASSACHUSETTS ST TPK AUTH MET SUB REV B [3.88%] Massachusetts St Dev Fin Agy R Rev Bd 5% [3.11%] Massachusetts St Dev Fin Agy R Higher 5% [2.8%]

30-Jun-09 Massachusetts Edl Fing Auth 6.125% [5.15%] Massachusetts St Spl Obl Ded Ref Re 5.5% [5.08%] Massachusetts St Health & Edl Rev Bds 5% [4.78%] Massachusetts St Dev Fin Agy R Rev Bd 5% [4.43%] Massachusetts St Go Bds 5% [4.3%] Univ Mass Bldg Auth 5% [4.23%] Puerto Rico Elec Pwr Auth 5.375% [4.21%] MASSACHUSETTS ST TPK AUTH MET SUB REV B [3.36%] Massachusetts St Dev Fin Agy R Rev Bd 5% [3.06%] Massachusetts St Dev Fin Agy R Higher 5% [2.91%]

31-Mar-09 Massachusetts Edl Fing Auth 6.125% [6.07%] Massachusetts St Health & Edl Rev Bds 5% [5.63%] Massachusetts St Go Bds 5% [5.24%] Massachusetts St Dev Fin Agy R Rev Bd 5% [5.19%] Univ Mass Bldg Auth 5% [4.99%] Puerto Rico Elec Pwr Auth 5.375% [4.56%] Massachusetts St Tpk Auth 5% [3.91%] Massachusetts St Dev Fin Agy R Rev Bd 5% [3.62%] Massachusetts St Dev Fin Agy R Higher 5% [3.4%] Massachusetts St G.O Bds 5.25% [2.97%]

Click here for Stock Holding Change Map in Legg Mason WA Massachusetts Muni C Fund (SMALX)

  

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See more information on Legg Mason WA Massachusetts Muni C Fund (SMALX)

• Legg Mason WA Massachusetts Muni C Fund Insights
• Legg Mason WA Massachusetts Muni C Fund Performance Data
• Legg Mason WA Massachusetts Muni C Fund News
• Legg Mason WA Massachusetts Muni C Fund Score Explaination
• Legg Mason WA Massachusetts Muni C Fund Manager Information
• Historic Legg Mason WA Massachusetts Muni C Fund Asset Allocation Report
• Historic Legg Mason WA Massachusetts Muni C Fund Top 10 Holding Tracking
• Historic Legg Mason WA Massachusetts Muni C Fund Asset Under Management Tracking