Morningstar

Western Asset Intermediate-Term Muni IS SMLSX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Franklin Templeton Investment Hub

Morningstar’s Analysis SMLSX

Will SMLSX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SMLSX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SMLSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SMLSX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An experienced team with a thoughtful muni approach remains here.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Western Asset Intermediate-Term Municipal Income’s knowledgeable and collaborative municipal team along with its thoughtful and repeatable approach is largely unaffected by co-CIO Ken Leech's surprise leave of absence from the firm on Aug. 21, 2024. Thus, the strategy retains its Above Average People and Process ratings.

by Elizabeth Foos
Rated on Published on

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