Western Asset Managed Municipals Portfolios Q1 2025 Commentary
2025-04-30 14:06:00 ET
Summary
- Economic uncertainties triggered a flight to quality during the first quarter of 2025, driving U.S. Treasury yields lower and their prices higher.
- On a sector basis, an underweight position in Local General Obligation contributed to performance.
- Municipal fundamentals remained strong and support an attractive risk-adjusted value proposition for the asset class.
Performance Data
Average Annual Total Returns (USD %)
3 Mths | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 20 Year | Since Inception (05/31/1994) | |
Western Asset Managed Municipals Portfolios - Pure GROSS | -0.40 | -0.40 | 1.15 | 1.76 | 1.62 | 2.31 | 4.10 | 5.01 |
Western Asset Managed Municipals Portfolios - NET | -0.77 | -0.77 | -0.35 | 0.25 | 0.12 | 0.80 | 2.56 | 3.46 |
Bloomberg Municipal Bond Index | -0.22 | -0.22 | 1.22 | 1.53 | 1.07 | 2.13 | 3.48 | 4.48 |
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Western Asset Managed Municipals Portfolios Q1 2025 CommentaryNASDAQ: MMU
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