Western Asset named two comanagers to Western Asset Intermediate-Term Municipal on March 1, 2024: portfolio manager and head of investment-grade credit Ryan Brist and new co-CIO Michael Buchanan. At the same time, Western removed longtime comanager and co-CIO Ken Leech from the fund. Longtime portfolio managers David Fare, John Mooney, and Robert Amodeo remain on the strategy. These changes don't impact the day-to-day management of the fund or its Above Average People and Process ratings.
Western Asset Intermediate-Term Muni C SMLLX
- NAV / 1-Day Return 5.99 / −0.33 %
- Total Assets 2.3 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.190%
- Distribution Fee Level Low
- Share Class Type Level Load
- Category Muni National Interm
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 2.34%
- Effective Duration 6.03 years
USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 1:21 AM GMT+0
Morningstar’s Analysis SMLLX
Will SMLLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 8.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
FRANKLIN CNTY OHIO HOSP REV 3.85% | 1.18 | 29.9 Mil | municipal |
DENVER COLO CITY & CNTY ARPT REV 5.5% | 1.08 | 27.3 Mil | municipal |
HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV 3.85% | 0.96 | 24.4 Mil | municipal |
NEW YORK TRANSN DEV CORP SPL FAC REV 4% | 0.83 | 21.1 Mil | municipal |
ILLINOIS ST 5% | 0.78 | 19.9 Mil | municipal |
ILLINOIS FIN AUTH REV 4% | 0.76 | 19.4 Mil | municipal |
MURRAY CITY UTAH HOSP REV 3.9% | 0.76 | 19.2 Mil | municipal |
CHICAGO ILL BRD ED 5% | 0.74 | 18.7 Mil | municipal |
TENNESSEE ENERGY ACQUISITION CORP GAS REV 5% | 0.72 | 18.2 Mil | municipal |
SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4% | 0.70 | 17.9 Mil | municipal |