Mutual Fund Insights: Legg Mason WA NJ Municipals B Fund (SNJBX)

In-depth Analysis of Legg Mason WA NJ Municipals B Fund (SNJBX)

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See Legg Mason WA NJ Municipals B Fund (SNJBX) performance details as of February 28, 2010

  

Last Trade: $12.80 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Stephen A. S. Walsh

Fund Manager Tenure: 3.4 years   [Similar Funds: SNJLX ]
Fundmojo Fund Grade: B (Score: 0.63)     (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 NJ Municipals B Fund (SNJBX)

Data for Legg Mason WA NJ Municipals B Fund (SNJBX) as of February 28, 2010

• Legg Mason WA NJ Municipals B Fund (SNJBX) management has been with Legg Mason WA NJ Municipals B Fund for 3.4 years
• Legg Mason WA NJ Municipals B Fund (SNJBX) has good mid-term performance (3-year return 4.04% vs 2.82 % Muni New Jersey category average)
• Legg Mason WA NJ Municipals B Fund (SNJBX) has good Long-term performance (5-year return 4.23% vs 3.45 % Muni New Jersey category average)
• Legg Mason WA NJ Municipals B Fund (SNJBX) ratio of up-years vs down years is greater than 2
• Legg Mason WA NJ Municipals B Fund (SNJBX) is less volatile than its peers as it has a 3-year Standard Deviation of 5.69, lower than category average of 7.28

  

 What we are cautious about Legg Mason WA NJ Municipals B Fund (SNJBX)

Data for Legg Mason WA NJ Municipals B Fund (SNJBX) as of February 28, 2010

• Legg Mason WA NJ Municipals B Fund is a focused fund with 30.33% 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 NJ Municipals B Fund (SNJBX) has a less-than-ideal short-term performance (1-year return 11.08% vs 12.59 % Muni New Jersey category average)
• Legg Mason WA NJ Municipals B Fund (SNJBX) has a Morningstar rating of 3 and below
• Legg Mason WA NJ Municipals B Fund (SNJBX) is less safe compared to its Muni New Jersey peers
• Legg Mason WA NJ Municipals B Fund (SNJBX) has an annual stock turnover rate of 20.00% that is higher than the Muni New Jersey average of 19.01%. This could mean Legg Mason WA NJ Municipals B is more nimble, but also signal potential high tax impact and high trading fees
• Legg Mason WA NJ Municipals B Fund (SNJBX) has a higher management fee of 1.28% than its Muni New Jersey average of 1.02%
• Legg Mason WA NJ Municipals B Fund (SNJBX) carries a 4.5% load

See Legg Mason WA NJ Municipals B Fund (SNJBX) performance details as of February 28, 2010

  

  

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Legg Mason WA NJ Municipals B Fund (SNJBX) Net Asset

Track net asset change of Legg Mason WA NJ Municipals B fund (SNJBX)

Date	Net Asset
02/2010	$332.41M
01/2010	$10.70M
11/2009	$10.81M

More historic net asset information on Legg Mason WA NJ Municipals B Fund (SNJBX)

  

Legg Mason WA NJ Municipals B Fund (SNJBX) Portfolio Allocation

Track portfolio allocation change of Legg Mason WA NJ Municipals B fund (SNJBX)

Date	Cash	Stock	Bond	Other
09/2009	0.32%	0%	99.68%	0%
06/2009	0.19%	0%	99.81%	0%
03/2009	0.27%	0%	99.73%	0%

Click here to see more historic asset allocation information on Legg Mason WA NJ Municipals B Fund (SNJBX)

  

Most Recent Top 10 Holdings in Legg Mason WA NJ Municipals B Fund (SNJBX)

Discover what Legg Mason WA NJ Municipals B Fund (SNJBX) manager is buying

30-Sep-09 New Jersey St Higher Ed Assist Re 6.125% [4.4%] New Jersey St Tpk Auth 5.25% [4.06%] New Jersey St Transn Tr Fd Aut Tr 5.875% [3.98%] New Jersey St Edl Facs Auth 7.5% [3.61%] Tobacco Settlement Fing Corp N Asset 5% [3.48%] New Jersey Econ Dev Auth 5% [3.39%] New Jersey Health Care Facs Fi Rev 5.75% [3.29%] Puerto Rico Elec Pwr Auth 5.375% [3.11%] PUERTO RICO COMWLTH REF PUB I [2.91%] New Jersey Econ Dev Auth 5% [2.82%]

30-Jun-09 New Jersey St Higher Ed Assist Re 6.125% [4.58%] New Jersey St Transn Tr Fd Aut Tr 5.875% [4.12%] Tobacco Settlement Fing Corp N Asset 5% [3.91%] New Jersey Econ Dev Auth 5% [3.77%] New Jersey Health Care Facs Fi Rev Bd 5% [3.71%] New Jersey St Edl Facs Auth 7.5% [3.7%] New Jersey Health Care Facs Fi Rev 5.75% [3.41%] Puerto Rico Elec Pwr Auth 5.375% [3.19%] New Jersey Econ Dev Auth 5% [2.92%] New Jersey Health Care Facs Fi Rev 5.7% [2.84%]

31-Mar-09 New Jersey St Higher Ed Assist Re 6.125% [5.06%] New Jersey Health Care Facs Fi Rev Bd 5% [4.95%] New Jersey St Transn Tr Fd Aut Tr 5.875% [4.71%] Tobacco Settlement Fing 5% [4.57%] New Jersey Econ Dev Auth 5% [4.4%] New Jersey Econ Dev Auth 5% [3.48%] Puerto Rico Elec Pwr Auth 5.375% [3.34%] New Jersey Health Care Facs Fi Rev 5.7% [3.3%] New Jersey St Edl Facs Auth 5.375% [3.29%] New Jersey Econ Dev Auth 5.5% [3.18%]

Click here for Stock Holding Change Map in Legg Mason WA NJ Municipals B Fund (SNJBX)

  

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See more information on Legg Mason WA NJ Municipals B Fund (SNJBX)

• Legg Mason WA NJ Municipals B Fund Insights
• Legg Mason WA NJ Municipals B Fund Performance Data
• Legg Mason WA NJ Municipals B Fund News
• Legg Mason WA NJ Municipals B Fund Score Explaination
• Legg Mason WA NJ Municipals B Fund Manager Information
• Historic Legg Mason WA NJ Municipals B Fund Asset Allocation Report
• Historic Legg Mason WA NJ Municipals B Fund Top 10 Holding Tracking
• Historic Legg Mason WA NJ Municipals B Fund Asset Under Management Tracking