Morningstar

Western Asset Intermediate-Term Municipals Fund Class I SBTYX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $5.87  /  0.00
  • Fund Size $1.0B
  • Adjusted Expense Ratio 0.430%
  • Net Expense Ratio 0.480%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) Medium/Extensive
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 3.68%
  • Average Effective Duration 7.12 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis SBTYX

Will SBTYX outperform in the 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 SBTYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

A transition awaits.

Associate Analyst Joe Bullard

Joe Bullard

Associate Analyst

Summary

Uncertainty raised from the merging of municipal-bond teams between Western Asset and Franklin Templeton Fixed Income leads to the resetting of Western Asset Intermediate-Term Municipal’s People and Process rating to Average from Above Average.

by Joe Bullard
Rated on Published on

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Portfolio Holdings SBTYX

More SBTYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

2.06 21M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 4%

1.91 20M
municipal

NATIONAL FIN AUTH N H REV 5%

1.88 19M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.82 19M
municipal

TENNESSEE ENERGY ACQUISITION CORP GAS REV 5%

1.60 16M
municipal

CHICAGO ILL BRD ED 5%

1.49 15M
municipal

PORT SEATTLE WASH REV 5%

1.29 13M
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 5.75%

1.27 13M
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 0%

1.25 13M
municipal

LOS ANGELES CALIF DEPT ARPTS ARPT REV 5.25%

1.19 12M
municipal

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