As a result of the transaction, Royce& Associates, LP (Royce), Legg Mason Partners Fund Advisor, LLC It is your responsibility to be aware of and observe the applicable laws and regulations of your country of residence. For each Fund listed in Schedules A, B, and C, the following disclosure replaces and supersedes the corresponding information Quotes delayed at least 15 minutes. statements of additional information ("sai") of the funds listed in schedules a, b, and c . Invest in Education. We also set optional cookies to help improve the performance of our site. These investments are great for health savings accounts. Should You Transition Your Vanguard Account? Ltd. Co. Reg. By clicking Allow below, you are selecting to agree to our use of necessary cookies. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. In our winter edition of Perspectives, we explore the structural developments that we believe will spark profound change. Raymond James Financial Services Advisors Inc. cut its holdings in Western Asset Municipal Partners Fund Inc. (NYSE:MNP - Get Rating) by 13.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.The institutional investor owned 174,768 shares of the financial services provider's stock after selling 26,916 shares during the . Only those Funds that appear in this section have distributed income that qualifies for this deduction. See Footnotes after Section 5. State-Specific Municipal; The Fed's desire is to adequately slow the economy down and reduce inflationary pressures. Government.*. Western Asset Managed Municipals Fund Inc. (NYSE:MMU) announces its portfolio composition as of March 31, 2019. . Copyright 2023 Surperformance. The stated federal tax rates for joint incomes over $250,000 include the 3.8% medicare tax imposed on the net investment income of certain taxpayers with higher incomes. For the sake of global financial management, most reformers' hopes rest in changing the character of the Bretton Woods Institutions, including leadership . Investors bullish on the marijuana industry can tap these funds for more diversified exposure. INFORMATION (SAI), OF THE FUNDS LISTED IN SCHEDULES A, B, AND C. For each Fund listed in Schedule A, the following disclosure replaces and supersedes the corresponding information included in the Management As of June30, 2020, after giving effect to the transaction described above, Franklin Templetons asset management operations had BrandywineGLOBAL - Diversified US Large Cap Value Fund BrandywineGLOBAL - Dynamic US Large Cap Value Fund ClearBridge Aggressive Growth Fund, Clearbridge Dividend Strategy ESG ETF (YLDE), ClearBridge Global Infrastructure Income Fund (e) ClearBridge Large Cap Growth ESG ETF (LRGE) ClearBridge Large Cap Growth Fund Clearbridge Large Cap Value Fund, ClearBridge Tactical Dividend Income Fund (f), Legg Mason Low Volatility High Dividend ETF (LVHD), Legg Mason Small-Cap Quality Value ETF Fund (SQLV) LMP Capital and Income Fund Inc. (SCD) (f), Western Asset Global High Income Fund Inc. (EHI), Western Asset High Income Fund II Inc. (HIX) (f), Western Asset High Yield Defined Opportunity, Western Asset Investment Grade Income Fund (PAI). See Disclaimer. Thank you for your interest in the U.S. Securities and Exchange Commission. 2022/2023. The Fund seeks to maximize current income exempt from federal income tax as is . U.S. News evaluated 158 Muni National Long Funds. You can find this and other information in each prospectus, or summary prospectus, if available, which is available at www.leggmason.com/individualinvestors. As a result of lower tax rates on qualified dividends, in computing your foreign tax credit, you may need to make certain adjustments based on your foreign source qualified dividends. Please select documents from the left and choose an option for receiving them. We offer an unmatched range of specialist investment managers, consisting of more than 1,300 investment professionals. The table below provides the percentages of those dividends available for this exclusion. included in the Distributor section of each Funds SAI: Legg Mason Investor Services, LLC, an indirect, wholly-owned broker-dealer subsidiary Mortgages Fund, Form 8937 Goldman Sachs Trust - Goldman Sachs Short Duration Bond Fund, Form 8937 Goldman Sachs Trust - Goldman Sachs High Yield Fund, Form 8937 Goldman Sachs Trust - Goldman Sachs Investment Grade Credit Fund, Form 8937 Goldman Sachs Trust Goldman Sachs Satellite Strategies Portfolio, Form 8937 Goldman Sachs Trust II Goldman Sachs Multi-Manager Non-Core Fixed Income Fund, Form 8937 Goldman Sachs Trust - Goldman Sachs Local Emerging Markets Debt Fund, Form 8937 Goldman Sachs Trust - Goldman Sachs Short Duration Income Fund, Form 8937 Goldman Sachs Trust - Goldman Sachs High Quality Floating Rate Fund, Form 8937 Goldman Sachs Trust - Goldman Sachs Strategic Income Fund, Form 8937 Goldman Sachs Trust Goldman Sachs International Equity Dividend and Premium Fund, Form 8937 Goldman Sachs Trust Goldman Sachs Global Real Estate Securities Fund, Form 8937 Goldman Sachs Trust Goldman Sachs US Equity Dividend and Premium Fund, Form 8937 Goldman Sachs Trust - Goldman Sachs Global Infrastructure Fund, Form 8937 Goldman Sachs Trust - Goldman Sachs U.S. Tax-Managed Equity Fund, Form 8937 Goldman Sachs Trust II - Goldman Sachs U.S. Core CPI inflation for December was 0.3%, for an annualized rate of 3.7%. Thematic Investing | J.P. Morgan Private Bank. Use of this website constitutes acceptance of the Best Funds Terms and Conditions of Use. 24 Effective July 7, 2020, the Fund changed its name from BranywineGLOBAL - Global Flexible Income Fund. To determine your share of the Fund's foreign source income, multiply the total foreign source percentage indicated by the amount shown in Box 1a of Form. Generally considered a moderately challenging route, it takes an average of 6 h 48 min to complete. In this section you will find information for the Western Asset multi-state funds that have paid income dividends which are tax- exempt for regular Federal income tax purposes. The market downturn this year gives savvy investors a potential way of lowering their tax bill. Tax Exempt. When is Western Asset Managed Municipals Fund's next dividend payment? Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers. Templetons asset management operations had aggregate assets under management of approximately $1.4 trillion. Western Asset Managed Municipals Fund's next monthly dividend payment of $0.0365 per share will be made to shareholders on Wednesday, March 1, 2023. Under the Investment Company Act of 1940, as amended (the 1940 Act), consummation of the transaction The funds manager and subadviser(s) continue to provide uninterrupted services with respect to the fund pursuant to Under the Western Asset Managed Municipals C C (SMMCX) Fund SMMCX Price as of: JAN 12, 05:00 PM EST $14.98 + $0.04 + 0.27% Primary Theme Municipal Bond fund company Franklin Templeton Snapshot Profile Performance Holdings Expenses Distributions Managers Vitals YTD Return 2.3% 1 yr return -9.7% 3 Yr Avg Return -3.3% 5 Yr Avg Return -1.6% Net Assets $4.41 B Dentons > Chengdu, China > Firm Profile. The World Interest Rate Probability published by Bloomberg suggests that the Fed will hike Fed Funds by 25 basis points (bp) during their February 1 meeting and again another 25bp during their March 22 meeting bringing the Fed Funds upper bound rate to 5.0%. No users of this position paper should act or refrain from acting on the basis of any content included, without seeking . Western Asset Investment Grade Income Fund Inc. Summary . B, the following disclosure replaces and supersedes the corresponding information included in the Distribution subsection of the More on fund management section of each Funds Prospectus: Legg Mason Investor Services, LLC (LMIS), an indirect, wholly-owned broker/dealer subsidiary of Franklin Resources, serves as the funds sole and Income from municipal bonds may be subject to state and local taxes and at times the alternative minimum tax. But, let's see if the Fed is paying attention. How to a Delete Deposits in QuickBooks Desktop / Online? Environmental, Social and Governance (ESG), Western Asset Short Duration Income ETF (WINC), Western Asset Inflation-Linked Opportunities & Income Fund (WIW), Western Asset Inflation-Linked Income Fund (WIA), WA High Income Opportunity Fund Inc. (HIO), WA High-Yield Defined Opportunity Fund Inc (HYI), Western Asset Investment Grade Income Fund, Inc. (PAI), WA Investment-Grade Defined Opportunity Trust Inc. (IGI), WA Mortgage Defined Opportunity Fund Inc. (DMO), WA Global Corporate Defined Opportunity Fund Inc. (GDO), WA Institutional U.S. Treasury Obligations Money Market Fund, WA Intermediate Maturity California Municipals Fund, WA Intermediate Maturity New York Municipals Fund, Separate Accounts and Commingled Vehicles, For more information, contact your Client Service Executive. The bulk of core inflation came from shelter, with both renters' and homeowners' costs rising at slightly less than a 10% annualized rate. For each Fund listed in Schedules A and Shareholders taking an itemized deduction for foreign taxes paid: Include the amount shown in Box 6 on Form 1099-DIV as an itemized deduction on Schedule A (Form 1040). Environmental, social and governance investing is growing, with a particular focus on the environment. Impact investing, DEI and biodiversity are driving ESG trends as regulatory oversight improves. Please declare your traffic by updating your user agent to include company specific information. investment management organization operating, together with its subsidiaries, as Franklin Templeton. All rights reserved. Includes U.S. Treasury Bills, U.S. Treasury Notes, U.S. Treasury Bonds, and obligations issued by the Federal Home Loan Bank, Federal Credit Banks and the Student Loan Marketing Association. (Western Asset) became indirect, wholly-owned subsidiaries of Franklin Resources. This week we provide a muni market outlook for 2023. This guide is a summary of tax information for certain Legg Mason, Brandywine Global, ClearBridge Investments, Martin Currie, QS Investors and Western Asset closed-end,open-end and exchange-traded funds. We recommend that you consult your tax advisor for assistance with how this information will impact your specific tax situation. Reference ID: 0.5c5ddb17.1674056371.7e1fec. Please see the Performance and Risk Disclosures for more information. Tax-related statements, if any, may have been written in connection with the "promotion or marketing" of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Western Asset Managed Municipals Fund SMMBX | - $5.05 B - 1.23% SMMBX - Profile Distributions YTD Total Return N/A 3 Yr Annualized Total Return 2.1% 5 Yr Annualized Total Return 5.1% Capital Gain Distribution Frequency Annually Net Income Ratio 3.20% DIVIDENDS Dividend Yield 0.0% Dividend Distribution Frequency Monthly Fund Details Legal Name As a result of the transaction, ClearBridge Investments, LLC (ClearBridge), Legg Mason Partners Fund Advisor, LLC (LMPFA), and Western Asset Management Company, LLC We use necessary cookies to make our site work. SAI: On July31, 2020, Franklin Resources, Inc. (Franklin Resources) acquired Legg Mason, Inc. (LeggMason) in an all-cash transaction. Please see the fund prospectus for risk details. Effective January 1, 2020, for annual periods where the actual account weighted fees are higher than the composite model fee, the actual account weighted fees will be used for the net-of-fee composite return calculations. The Percentage of Income from Federal Obligations is expressed as a percentage of the Ordinary Income per Share after these reclassifications as disclosed in the Fund's Form 8937 - Report of Organizational Actions Affecting the Basis of Securities which may be found in the Tax Center of the Legg Mason website. corresponding information included in the Management section of the Funds Summary Prospectus and Prospectus, the More on fund management section of the Funds Prospectus, and the Investment Management and 497K 1 d852532d497k.htm WESTERN ASSET MANAGED MUNICIPALS FUND LEGG MASON ETF INVESTMENT TRUST . Ruwanpura has won international, national, provincial and municipal awards for his academic accomplishments and leadership for teaching, research, innovation, service, leadership and internationalization. automatically terminated the management and subadvisory agreements that were in place for the fund prior to the transaction. 2022 Year End Distributions. No. It normally invests in intermediate-term and long-term municipal securities that have remaining maturities from one to more than thirty years at the time of purchase. By clicking submit, you are agreeing to our Terms and Conditions & Privacy Policy. Western Asset Managed Municipals is managed by an experienced team that plies a thoughtful and repeatable investment approach. This information may be useful to you, as an investor, in the preparation of your 2020 Federal and state income tax returns. We have over 70 years of experience in identifying opportunities and delivering investment solutions to clients. 2020 Year End Distributions. Diversification cannot protect against loss. Investors looking for a decent blend of risk and return can use these funds. Effective February 1, 2020, the Fund changed its name from RARE Global Infrastructure Income Fund. We use two kinds of cookies to improve your experience on the website. Fund data provided by Xignite and Morningstar. Net Expense Ratio 1.19 Category Average: 0.76%* Management 0.4 Category Average: 0.41%* SEE MORE SMMCX FEES Updated. This calculator is for illustrative purposes only and is not intended to represent actual performance, or to predict future performance, of any Nuveen Investments product. all-cash transaction. Moreover, it found that if the anti-ESG policies remain in place, taxpayers could be on the hook for an additional $445 million . These resources help advisors and asset managers assess stocks, bonds and funds for client portfolios. Employees and/or clients of Western Asset may have a position in the securities mentioned. BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG), BrandywineGLOBAL - Global Opportunities Bond Fund (USD Hedged), BrandywineGLOBAL - Global Unconstrained Bond Fund, Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO), Western Asset Global High Income Fund Inc. (EHI) (b), Western Asset Inflation Indexed Plus Bond Fund **, Western Asset Inflation-Linked Income Fund (WIA) **, Western Asset Inflation-Linked Opportunities & Income Fund (WIW) **, Western Asset Institutional Government Reserves, Western Asset Institutional Liquid Reserves, Western Asset Institutional U.S. Treasury Obligations Money Market Fund, Western Asset Institutional U.S. Treasury Reserves **, Western Asset Premier Institutional Government Reserves, Western Asset Premier Institutional Liquid Reserves, Western Asset Premier Institutional U.S. Treasury Reserves, Western Asset Premium U.S. Treasury Reserves **, Western Asset SMASh Series Core Completion Fund, Western Asset SMASh Series Core Plus Completion Fund (c), Western Asset Ultra-Short Income Fund (d). Npifund is a website that writes about many topics of interest to you, a blog that shares knowledge and insights useful to everyone in many fields. The fund invests in companies involved in the exploration, production and processing of petroleum, natural gas, coal, alternative energies, chemicals, mining, iron and steel, and paper and forest products, and can invest in any part of the world. The U.S. government estimates the total population at 1.4 billion (midyear 2020 estimate). of Franklin Resources, located at 100 International Drive, Baltimore, Maryland 21202, serves as the sole and exclusive distributor of the Fund pursuant to a written agreement (as amended, the Distribution Agreement). NISPAcee - The Network of Institutes and Schools of Public Administration in Central and Eastern Europe originated from the genuine effort of people and institutions from the region to share the knowledge and skills and unite the effort to cope with present and future challenges in the field. 2020 Special Distributions. Effective January 1, 2020, for annual periods where the actual account weighted fees are higher than the composite model fee, the actual account weighted fees will be used for the net-of-fee composite return calculations. This trail is great for road biking and bike touring, and it's unlikely you'll encounter many other people . Goldman Sachs does not provide accounting, tax, or legal advice. As a result of the transaction, Legg Mason Partners Fund Advisor, LLC (LMPFA) and the subadviser(s) became indirect, wholly-owned subsidiaries of Franklin Resources. As of June30, 2020, after giving effect to the transaction described above, Franklin Western Asset Managed Municipals Fund has an expense ratio of 0.63 percent. WESTERN ASSET FUNDS, INC. The list below provides corporate shareholders with the percentages of their gross ordinary dividends that qualify for the dividends received deduction for corporations. According to the State Council Information Office (SCIO) report Seeking Happiness for People: 70 Years of Progress on Human Rights in China, published in September 2019, there are more than 200 million religious adherents in the country. A money market fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. We have deep expertise across equity, fixed income, alternatives, multi-asset solutions and cash strategies. Please refer to the instructions for Form 1116 or 1118 and consult your tax advisor for further assistance. Dentons Offices Global Asset Management | Western Asset Blog The Fed Killed Construction and Manufacturing, Services Next December data showed job growth remains positive, and the trend in growth is clearly downward, with sympathetic moves in workweeks and wages, and outright weakness in some key sectors. Unconstrained investing allows fund managers the flexibility to respond to changing market conditions. Gross-of-fees returns are presented before management fees, but after all trading expenses. In this section you will find information for the Western Asset single state funds that have paid income dividends which are tax-exempt for regular Federal income tax purposes. Municipals posted strong returns during the first week of the year, as high-grade municipal yields declined 11-18 bps across the curve, trailing Treasuries lower. Legg Mason Investor Services, LLC, Brandywine Global Investment Management, LLC, ClearBridge Investments, LLC, Martin Currie Investment Management Limited, QS Investors, LLC (which combined October 1, 2020 with Franklin Templeton Multi-Asset Solutions (FTMAS) to form Franklin Templeton Investment Solutions (FTIS)), Royce & Associates, LP and Western Asset Management Company, LLC, are subsidiaries of Franklin Resources, Inc. Royce & Associates, LP primarily conducts its business under the name Royce Investment Partners. 2021 Special Distributions. Net-of-fee composite return calculations using actual account weighted fees may include fund returns that incur higher fees than those applied to separately managed accounts. While the Czech GDP dropped by 5.6 percent due to the economic impact of COVID-19 in 2020, it rebounded in 2021 to 3.3 percent according to the Czech Statistical Office. DWS' flagship municipal bond fund seeks income over the long term A general municipal bond fund strategy that provides investors tax-free income from a diversified portfolio of intermediate- to long-term securities. The fund normally invests at least 80% of its assets in municipal securities and other investments with similar economic characteristics, the interest on which is exempt from regular federal income tax but which may be subject to the federal alternative minimum tax. IMPORTANT TAX INFORMATION REGARDING YOUR MUTUAL FUNDS. - Drafted complaints, answers and related motion practice in civil actions filed in the Court of Common Pleas, the United States Northern District Court, and Ohio municipal courts, and for related . Please see the Performance and Risk Disclosures for more information. Net-of-fee composite return calculations using actual account weighted fees may include fund returns that incur higher fees than those applied to separately managed accounts. Net-of-fees results are calculated using a model approach whereby the current highest tier of the appropriate strategy's fee schedule is used. Black Desert Online (BDO) Tier List (2022) - GamecodeGuides, Text - S.1169 - 117th Congress (2021-2022): Strategic Competition Act of 2021. Research current and historical price charts, top holdings, management and full profile. Investors should be aware that a determination of the tax consequences to them should take into account their specific circumstances and that the tax law is subject to change in the future or retroactively and investors are strongly urged to consult with their own tax advisor regarding any potential strategy, investment or transaction. Western Asset Managed Municipals Fund Class A No Transaction Fee 1 Fidelity Fund Pick 2 Prospectus More This fund is now available NTF (No Transaction Fee) and offered load-waived through Fidelity Morningstar Snapshot* AS OF 12/31/2022; Morningstar Category: Muni National Long *Data provided by Morningstar Overall Rating Rating Information 2023 Goldman Sachs. Western Asset Managed Municipals IS Inst (SSMMX) Fund SSMMX Price as of: JAN 12, 05:00 PM EST $14.99 + $0.04 + 0.27% Primary Theme Municipal Bond fund company Franklin Templeton Snapshot Profile Performance Holdings Expenses Distributions Managers Vitals YTD Return 2.3% 1 yr return -9.6% 3 Yr Avg Return -3.3% 5 Yr Avg Return N/A Net Assets $4.41 B information available on the financial condition of issuers of municipal securities than for public corporations. Before acting on this information, you should consider its appropriateness having regard to your objectives, financial situation or needs. For the Fund listed in Schedule C, the following disclosure replaces and supersedes the
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