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 I SBTYX
- NAV / 1-Day Return 6.07 / +0.20 %
- Total Assets 2.5 Bil
-
Adj. Expense Ratio
- 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 2.83%
- Effective Duration 5.61 years
USD | NAV as of Mar 29, 2024 | 1-Day Return as of Mar 29, 2024, 12:14 AM GMT+0
Morningstar’s Analysis SBTYX
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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 7.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
DENVER COLO CITY & CNTY ARPT REV 5.5% | 1.06 | 27.4 Mil | municipal |
TENNESSEE ENERGY ACQUISITION CORP GAS REV 5% | 0.99 | 25.5 Mil | Cash and Equivalents |
NEW YORK TRANSN DEV CORP SPL FAC REV 4% | 0.84 | 21.8 Mil | municipal |
CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES TAX & MOTOR VEHICLE EXCISE TA | 0.79 | 20.3 Mil | municipal |
ILLINOIS ST 5% | 0.77 | 19.8 Mil | municipal |
NEW JERSEY ST 5% | 0.75 | 19.3 Mil | municipal |
TENNESSEE ENERGY ACQUISITION CORP GAS REV 5% | 0.71 | 18.2 Mil | municipal |
CHICAGO ILL BRD ED 5% | 0.71 | 18.2 Mil | municipal |
NORTH TEX TWY AUTH REV 5% | 0.70 | 18.1 Mil | municipal |
SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4% | 0.69 | 17.7 Mil | municipal |