Western Asset Interm Maturity CA Muni A (ITCAX)
| Fund Assets | 70.61M |
| Expense Ratio | 0.79% |
| Min. Investment | $1,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.22 |
| Dividend Yield | 2.66% |
| Dividend Growth | 5.77% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 8.12 |
| YTD Return | 1.45% |
| 1-Year Return | 0.89% |
| 5-Year Return | 1.12% |
| 52-Week Low | 7.77 |
| 52-Week High | 8.23 |
| Beta (5Y) | n/a |
| Holdings | 80 |
| Inception Date | Dec 31, 1991 |
About ITCAX
Western Asset Intermediate Maturity California Municipals Fund Class A is an actively managed municipal bond mutual fund focused on generating tax-exempt income for California residents. The fund primarily invests in investment-grade California municipal securities with an intermediate interest-rate profile, typically targeting portfolios with durations of about four to six years to balance income and interest-rate sensitivity. Its mandate emphasizes monthly income that is generally exempt from regular federal and California state personal income taxes, aligning with the needs of tax-sensitive investors in the state. The strategy concentrates on California issuers across essential-service revenue bonds, general obligation debt, and related municipal sectors, reflecting the state’s broad infrastructure and public finance landscape. Managed by Western Asset, the fund’s category positioning is within Muni California Intermediate, where performance and risk are assessed against state-specific municipal benchmarks. Investors should note that expenses have been cited as relatively high versus peers, creating a performance hurdle compared with lower-cost alternatives. Overall, the fund serves a specialized role in providing state-specific, tax-advantaged fixed income exposure within diversified portfolios.
Performance
ITCAX had a total return of 0.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.01%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VCAIX | Vanguard | Vanguard California Intermediate Term Tax Exempt Fund | 0.14% |
Top 10 Holdings
40.73% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 1.75% | CA.CASDEV 08.01.2055 | 6.96% |
| M-S-R ENERGY AUTH CALIF GAS REV 6.125% | CA.MSRPWR 6.12 11.01.2029 | 5.62% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | CA.SFOAPT 5 05.01.2035 | 5.25% |
| ALAMEDA CORRIDOR TRANSN AUTH CALIF REV 5% | CA.ALATRN 5 10.01.2034 | 3.89% |
| NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 5% | CA.NCEPWR 12.01.2054 | 3.75% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4% | CA.CCEDEV 02.01.2052 | 3.52% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | CA.SFOAPT 5 05.01.2036 | 3.08% |
| STOCKTON CALIF PUB FING AUTH WTR REV 5% | CA.STOWTR 5 10.01.2033 | 2.98% |
| SACRAMENTO CALIF MUN UTIL DIST ELEC REV 5% | CA.SACPWR 5 11.15.2049 | 2.88% |
| CALIFORNIA MUN FIN AUTH SPL FAC REV 4% | CA.CASFIN 4 07.15.2029 | 2.79% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02003 | Aug 29, 2025 |
| Jul 31, 2025 | $0.01942 | Jul 31, 2025 |
| Jun 30, 2025 | $0.01799 | Jun 30, 2025 |
| May 30, 2025 | $0.01994 | May 30, 2025 |
| Apr 30, 2025 | $0.01855 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01831 | Mar 31, 2025 |