First High Yield Opportunities 2027 Term Fund (FTHY) vs Western Asset Managed Municipals Fund (MMU)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Western Asset Managed Municipals Fund is the larger company by market cap ($483.6 million vs $467.0 million), about 1.0 times the size. On valuation, Western Asset Managed Municipals Fund trades at a lower trailing P/E (9.4x vs 18.4x for First High Yield Opportunities 2027 Term Fund). Western Asset Managed Municipals Fund pays a dividend yielding 7.35%, while First High Yield Opportunities 2027 Term Fund does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | FTHY | MMU |
|---|---|---|
| Share price | $12.70 | $8.90 |
| Market cap | $467.02M | $483.60M |
| 1-day change | -0.24% | -1.44% |
| YTD return | -9.74% | — |
| 1-year return | -11.19% | — |
| 5-year return | -39.00% | — |
| P/E ratio (TTM) | 18.41 | 9.37 |
| EPS (TTM) | $0.69 | $0.95 |
| Dividend yield | 11.78% | 7.35% |
| Annual dividend | $0.00 | $0.654 |
| 52-week high | $14.42 | $10.71 |
| 52-week low | $12.54 | $8.71 |
| Distance from 52-week high | -11.93% | -16.90% |
| Average volume | 105.76K | 177.80K |
| Shares outstanding | 36.77M | 54.34M |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- First High Yield Opportunities 2027 Term Fund trades at a higher earnings multiple (18.4x vs 9.4x trailing P/E).
- First High Yield Opportunities 2027 Term Fund offers a meaningfully higher dividend yield (11.78% vs 7.35%).
FTHY vs MMU FAQ
Which is bigger, First High Yield Opportunities 2027 Term Fund or Western Asset Managed Municipals Fund?
Western Asset Managed Municipals Fund (MMU) is larger, with a market capitalization of $483.60M compared with $467.02M for First High Yield Opportunities 2027 Term Fund (FTHY).
Which has the lower P/E ratio, FTHY or MMU?
MMU has the lower trailing P/E at 9.4, versus 18.4 for FTHY. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, First High Yield Opportunities 2027 Term Fund or Western Asset Managed Municipals Fund?
First High Yield Opportunities 2027 Term Fund has the higher yield at 11.78%, compared with 7.35% for Western Asset Managed Municipals Fund.
Are First High Yield Opportunities 2027 Term Fund and Western Asset Managed Municipals Fund in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.