Morningstar

Western Asset Intermediate-Term Muni IS SMLSX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 6.15  /  +0.01 %
  • Total Assets 2.3 Bil
  • Adj. Expense Ratio
    0.430%
  • Expense Ratio 0.430%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.20%
  • Effective Duration 6.47 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 12:58 AM GMT+0

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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Portfolio Holdings SMLSX

More SMLSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DENVER COLO CITY & CNTY ARPT REV 5.5%

1.16 26.8 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.01 23.2 Mil
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 4%

0.92 21.2 Mil
municipal

ILLINOIS ST 5%

0.85 19.6 Mil
municipal

CHICAGO ILL BRD ED 5%

0.80 18.5 Mil
municipal

TENNESSEE ENERGY ACQUISITION CORP GAS REV 5%

0.78 18.0 Mil
municipal

FLORIDA DEV FIN CORP REV 5.25%

0.74 17.2 Mil
municipal

METROPOLITAN PIER & EXPOSITION AUTH ILL REV 5%

0.74 17.0 Mil
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 0%

0.70 16.1 Mil
municipal

M-S-R ENERGY AUTH CALIF GAS REV 6.125%

0.69 15.9 Mil
municipal

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