# Portfolio overlap — SHMMX vs LSMSX Comparing **Western Asset Managed Municipals Fund** (2026-02-27) and **Western Asset SMASh Series TF Fund** (2026-02-27). - Shared positions: 165 - Western Asset Managed Municipals Fund covered by Western Asset SMASh Series TF Fund: 0.3307930987912549361192219113 - Western Asset SMASh Series TF Fund covered by Western Asset Managed Municipals Fund: 0.3307930987912549361192219113 ## Western Asset Managed Municipals Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.014431 | ✓ | | STATE OF NEW YORK SALES TAX REVENUE 5.0% 03-15-48 | 0.012476 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.012145 | ✓ | | State of Illinois, Series D | 0.012097 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.010838 | ✓ | | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE | 0.010030 | | | NY ST DORM DASNY PIT 20A 4.0% 03-15-45 | 0.009639 | | | NYC TRANSITIONAL -C-1 | 0.009531 | | | PENNSYLVANIA ST ECON DEV FING REGD OID B/E AMT 5.25000000 | 0.008988 | ✓ | | NY TRANS CORP 5% 7/1/46 @ | 0.008867 | ✓ | | MSR Energy Authority, Series B | 0.008669 | | | TRIBOROUGH NY BRIDGE & TUNNEL REGD B/E 5.00000000 | 0.007571 | | | NASHVILLE& DAVIDSON-C | 0.007253 | | | NY NYCUTL 5.25 06/15/2052 | 0.007118 | ✓ | | NY TRANS CORP(JFK INT NEW ONE)/AGM 5.13% 6/30/60@ | 0.007099 | | | ILL ST TOLL 5% 1/1/2042 | 0.006983 | | | NY TRANS CORP 5.375% 6/30/2060 @ | 0.006961 | ✓ | | NOVANT HEALTH OBLIGATED GROUP 5.0% 12-01-35 | 0.006927 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.006611 | ✓ | | NYC WTR 4% 6/15/2051 | 0.006425 | ✓ | | CHICAGO IL BRD OF EDU REGD B/E 5.00000000 | 0.006405 | | | NY TRANS CORP 5% 7/1/41 @ | 0.006391 | ✓ | | BAY AREA TOLL-VAR A | 0.006147 | | | Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C | 0.006100 | ✓ | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.006049 | ✓ | | FL BROAPT 5 10/01/2045 | 0.005944 | | | NOVANT HEALTH OBLIGATED GROUP 5.0% 06-01-55 | 0.005858 | ✓ | | NY MTA DED 4% 11/15/2054 | 0.005830 | ✓ | | NV CLA 5 05/01/2048 | 0.005585 | | | STATE OF NEW JERSEY 5.0% 06-15-42 | 0.005253 | | | STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 4.0% 02-15-40 | 0.005145 | | | RESTRUCTURED-SER A1 | 0.005084 | ✓ | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 06-15-50 | 0.005073 | | | NYC MUNI WTR FIN-AA-3 | 0.004883 | | | CALIFORNIA COMMUNITY VAR | 0.004819 | ✓ | | Chandler Industrial Development Authority, Series 2019 | 0.004728 | ✓ | | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.004672 | | | NJ TRANSPRTN TRUST-CC | 0.004639 | | | LANCASTER H AUT 5% 11/1/2046 | 0.004599 | | | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.004538 | | | NY TRANS CORP 5% 1/1/2032 @ | 0.004532 | ✓ | | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.004491 | | | NYC TRANSITIONAL FIN | 0.004333 | | | NYC TRANS FIN-F1 | 0.004265 | | | California Community Choice Financing Authority, Series B-1 | 0.004213 | ✓ | | Southeast Energy Authority, Alabama, Revenue Bonds, Cooperative District Energy Supply Series 2025B | 0.004212 | ✓ | | AL ALSFAC 5.25 07/01/2047 | 0.004186 | | | ELGIN TX ISD 4% 8/1/2049 | 0.003993 | ✓ | | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.003992 | ✓ | | California Community Choice Financing Authority, Series 2025G | 0.003974 | ✓ | ## Western Asset SMASh Series TF Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | NYC-D4-ADJ | 0.036862 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.023821 | ✓ | | ILLINOIS ST FIN AUTH REVENUE | 0.023551 | ✓ | | STATE OF NEW JERSEY NATL 0.0% 12-15-31 | 0.021980 | ✓ | | NYC MUNI WTR FIN-BB | 0.021802 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.019613 | ✓ | | MET NASHVILLE TN ARPT AUTH ARPT REVENUE | 0.016061 | | | PENNSYLVANIA ST ECON DEV FING REGD OID B/E AMT 5.25000000 | 0.014067 | ✓ | | State of Illinois | 0.013779 | ✓ | | NOVANT HEALTH OBLIGATED GROUP 5.0% 12-01-35 | 0.011782 | ✓ | | Energy Southeast A Cooperative District, Series B-1 | 0.011553 | | | CTR PLN ENG GAS 5% 9/1/2033 | 0.011518 | | | CTR TX RMA 4% 1/1/2051 | 0.011517 | ✓ | | CHICAGO IL BRD OF EDU CHIEDU 12/40 FIXED 5 | 0.011384 | ✓ | | Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C | 0.011265 | ✓ | | OR FACS AUTH-B-REF | 0.011263 | ✓ | | IL CHI 5.5 01/01/2039 | 0.011056 | | | New York State Urban Development Corp. (Bidding Group 3), Series 2023 A, RB | 0.010824 | | | NY NYCUTL 5.25 06/15/2052 | 0.010818 | ✓ | | NY TRANSPRTN DEV CORP | 0.010749 | ✓ | | Chandler Industrial Development Authority | 0.010445 | ✓ | | NOVANT HEALTH OBLIGATED GROUP 5.0% 06-01-55 | 0.010268 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.009985 | ✓ | | PORT NY NJ 4% 7/15/2045 @ | 0.009936 | | | NY MTA DED 4% 11/15/2054 | 0.009504 | ✓ | | INDIANA ST FIN AUTH HLTH SYS R INSMED 12/49 FIXED 4 | 0.009484 | ✓ | | NYC GO 23A-4 Q=TD V1 | 0.009216 | | | CALIFORNIA COMMUNITY VAR | 0.009145 | ✓ | | NY TRANSPRTN DEV -AMT | 0.008573 | ✓ | | CHICAGO IL BRD OF EDU REGD B/E 5.00000000 | 0.008279 | ✓ | | Black Belt Energy Gas District (The) (Gas), Series 2022 F, RB | 0.008194 | | | CHICAGO IL BRD OF EDU DEDICATE REGD B/E 5.75000000 | 0.008179 | ✓ | | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.008148 | ✓ | | California Community Choice Financing Authority, Series 2025G | 0.008080 | ✓ | | Chandler Industrial Development Authority, Series 2019 | 0.007903 | ✓ | | RESTRUCTURED-SER A1 | 0.007798 | ✓ | | NY TRANS CORP 5% 6/30/2049 @ | 0.007769 | | | NY TRANS CORP 5% 7/1/46 @ | 0.007683 | ✓ | | NY TRANSPRTN DEV -AMT | 0.007675 | ✓ | | ELGIN TX ISD 4% 8/1/2049 | 0.007304 | ✓ | | WV HOSP FIN AUTH-C | 0.007168 | ✓ | | Van Alstyne Independent School District | 0.007113 | ✓ | | New York City Housing Development Corp | 0.006740 | | | St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Series 2017, Ref. RB | 0.006252 | ✓ | | Oneida County Local Development Corp., Series A | 0.005978 | | | LONGVIEW TX ISD 4% 2/15/2049 | 0.005852 | ✓ | | DENVER CO ARPT 5% 11/15/2032 @ | 0.005827 | | | Black Belt Energy Gas District, Series D | 0.005689 | ✓ | | MTRO WA DC ARPT 5% 10/1/2030 @ | 0.005676 | ✓ | | SALT VERDE FINL CORP GAS REV ARIZ SR | 0.005614 | | ## Sources - N-PORT (fund A) — accession `0000940400-26-014637` (as of 2026-02-27) - N-PORT (fund B) — accession `0000940400-26-014628` (as of 2026-02-27) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. 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