About SBNYX
Western Asset New York Municipals Fund Class A is an open-end municipal bond fund focused on generating income that is exempt from regular federal, New York State, and New York City personal income taxes. The fund primarily invests in investment-grade New York municipal securities, emphasizing intermediate- and long-term maturities and employing sector rotation and issuer selection to allocate across the state’s general obligation, revenue, and essential-service bonds. Managed by Western Asset, it targets a diversified portfolio of tax-exempt debt tied to infrastructure, transportation, healthcare, and education projects that support New York’s public finance ecosystem. As part of the Muni New York Long category, the strategy typically maintains a longer duration profile aligned with bonds carrying maturities beyond twelve years, reflecting sensitivity to interest-rate cycles alongside credit considerations specific to New York issuers. The fund aims to provide a consistent, tax-advantaged income stream within the specialized market for state-specific municipal securities, benchmarking itself against broad municipal indexes while navigating liquidity, call, and credit structures common to long-duration muni markets.
Fund Family Franklin Templeton Investments
Category Muni New York Long
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol SBNYX
Share Class Class A
Index Index is not available on Lipper Database
SBNYX had a total return of 7.20% in the past year, including dividends.
Since the fund's inception, the average annual return has been 4.54%.
