Western Asset Intermediate-Term Municipals Fund Class I (SBTYX)
| Fund Assets | 1.21B |
| Expense Ratio | 0.49% |
| Min. Investment | $1,000,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.19 |
| Dividend Yield | 3.11% |
| Dividend Growth | 3.83% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 6.03 |
| YTD Return | -0.13% |
| 1-Year Return | 3.98% |
| 5-Year Return | 6.63% |
| 52-Week Low | 5.80 |
| 52-Week High | 6.16 |
| Beta (5Y) | n/a |
| Holdings | 374 |
| Inception Date | Sep 28, 2007 |
About SBTYX
Western Asset Intermediate-Term Municipals Fund Class I is an institutional-class mutual fund specializing in fixed-income investments, particularly in municipal bonds. The fund’s primary purpose is to deliver a high level of monthly income that is generally exempt from regular federal income taxes, making it especially relevant for investors focused on tax-efficient solutions. Following a prudent approach, the fund typically invests at least 80% of its assets in a diversified portfolio of municipal securities issued by various state and local governments and agencies across the United States. Its portfolio generally contains bonds with intermediate maturities, resulting in an average duration of about 4 to 6 years and a focus on moderate credit quality and interest rate sensitivity. With over 500 individual bond holdings, Western Asset Intermediate-Term Municipals Fund Class I employs a sector rotation and issuer selection strategy, spreading risk across many states and sectors to reduce exposure to individual issuers or geographic regions. The fund plays a significant role in the muni national intermediate category, providing municipal financing for public projects such as infrastructure, transportation, and energy. Its substantial asset base and regular monthly distributions highlight its role as a reliable source of federally tax-exempt income for institutional investors seeking broad municipal market exposure.
Performance
SBTYX had a total return of 3.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.01%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.01795 | Mar 31, 2026 |
| Feb 27, 2026 | $0.01479 | Feb 27, 2026 |
| Jan 30, 2026 | $0.01782 | Jan 30, 2026 |
| Dec 31, 2025 | $0.01814 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0158 | Nov 28, 2025 |
| Oct 31, 2025 | $0.01849 | Oct 31, 2025 |