Western Asset Intermediate-Term Muni I (SBTYX)
| Fund Assets | 1.73B |
| Expense Ratio | 0.49% |
| Min. Investment | $1,000,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.20 |
| Dividend Yield | 3.41% |
| Dividend Growth | 5.71% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 5.92 |
| YTD Return | -0.59% |
| 1-Year Return | -0.42% |
| 5-Year Return | 3.22% |
| 52-Week Low | 5.80 |
| 52-Week High | 6.17 |
| Beta (5Y) | n/a |
| Holdings | 549 |
| 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 -0.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.79%.
Top 10 Holdings
11.00% of assets| Name | Symbol | Weight |
|---|---|---|
| DENVER COLO CITY & CNTY ARPT REV 5.5% | CO.DENAPT 5.5 11.15.2040 | 1.46% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 01.01.2055 | 1.30% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 4% | NY.NYTTRN 4 07.01.2036 | 1.18% |
| NATIONAL FIN AUTH N H REV 5% | NH.NFADEV 5 12.01.2035 | 1.17% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 02.01.2055 | 1.15% |
| ILLINOIS ST 5% | IL.ILS 5 12.01.2041 | 1.06% |
| TENNESSEE ENERGY ACQUISITION CORP GAS REV 5% | TN.TNSUTL 05.01.2053 | 1.04% |
| CHICAGO ILL BRD ED 5% | IL.CHIEDU 5 12.01.2043 | 0.98% |
| M-S-R ENERGY AUTH CALIF GAS REV 6.125% | CA.MSRPWR 6.12 11.01.2029 | 0.83% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 6% | NY.NYTTRN 6 06.30.2054 | 0.83% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.01747 | Jul 31, 2025 |
| Jun 30, 2025 | $0.01637 | Jun 30, 2025 |
| May 30, 2025 | $0.01795 | May 30, 2025 |
| Apr 30, 2025 | $0.01673 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01619 | Mar 31, 2025 |
| Feb 28, 2025 | $0.01553 | Feb 28, 2025 |