Business Description
This US-based closed-end fund, formerly called Managed Municipals Portfolio Inc. and in operation since June 1992, focuses on generating tax-exempt income for its investors. Run by Legg Mason Partners Fund Advisor LLC alongside Western Asset Management Company, it builds its portfolio by investing mainly in high-quality municipal bonds across the United States. The fund measures its results against the Barclays Capital Municipal Bond Index and relies on in-depth internal research to guide its investment decisions.
