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Morningstar

Western Asset Interm Maturity CA Muni C SIMLX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 8.12  /  0.14 %
  • Total Assets 114.6 Mil
  • Adj. Expense Ratio
    1.350%
  • Expense Ratio 1.290%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.48%
  • Effective Duration 4.99 years

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis SIMLX

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

People Pillar

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

Summary

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Western Asset Interm Maturity CA Muni C's Average Process and Parent pillars limit this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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