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Morningstar

Western Asset Interm Maturity CA Muni A ITCAX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.10  /  +0.02 %
  • Total Assets 85.1 Mil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.54%
  • Effective Duration 5.35 years

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 1:16 AM GMT+0

Morningstar’s Analysis ITCAX

Will ITCAX 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 ITCAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ITCAX 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 ITCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Western Asset Interm Maturity CA Muni A's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ITCAX

More ITCAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 35.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 1.75%

5.58 4.8 Mil
municipal

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

5.13 4.4 Mil
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

4.46 3.8 Mil
municipal

ALAMEDA CORRIDOR TRANSN AUTH CALIF REV 5%

3.26 2.8 Mil
municipal

NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 5%

3.15 2.7 Mil
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5%

3.14 2.7 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

2.97 2.5 Mil
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

2.66 2.3 Mil
municipal

SACRAMENTO CALIF MUN UTIL DIST ELEC REV 5%

2.62 2.2 Mil
municipal

STOCKTON CALIF PUB FING AUTH WTR REV 5%

2.51 2.2 Mil
municipal