About LMIIX
Western Asset Intermediate Maturity New York Municipals Fund Class I is an actively managed municipal bond mutual fund focused on tax-exempt income from New York issuers. The strategy targets the intermediate segment of the muni market, typically emphasizing portfolio durations of roughly four to six years to balance income generation with interest rate risk management, consistent with its category mandate. Managed by Western Asset, the fund invests primarily in investment-grade New York municipal securities that finance essential public projects such as transportation, education, healthcare, and utilities, seeking federally and New York state tax-exempt income for state residents. The fund’s role in the market is to provide a diversified, professionally managed solution for investors looking to align taxable exposure with New York residency while maintaining moderate interest rate sensitivity. Performance is evaluated against municipal benchmarks and category peers, with reporting that highlights returns, category ranking, and portfolio composition, including top holdings concentrations reflective of the fund’s credit and sector views. This positioning makes it a specialized component within a fixed income allocation focused on state-specific tax efficiency and municipal credit exposure.
Fund Family Franklin Templeton Investments
Category Muni New York Intermediate
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol LMIIX
Share Class Class I
Index Bloomberg Municipal New York Int TR USD
LMIIX had a total return of 3.78% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.42%.
