Morningstar

Western Asset Intermediate-Term Municipals Fund Class IS SMLSX

Morningstar Medalist Rating
Unlock
Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $5.87  /  0.00
  • Fund Size $1.0B
  • Adjusted Expense Ratio 0.390%
  • Net Expense Ratio 0.440%
  • Fee Level: Distribution Low
  • 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 3.71%
  • Average Effective Duration 7.12 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis SMLSX

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

  • People Pillar

    The People Pillar is our evaluation of the SMLSX 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 SMLSX’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

Unlock our full analysis with Morningstar Investor

Portfolio Holdings SMLSX

More SMLSX 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

Sponsor Center