Western Asset Intermediate-Term Municipals Fund Class IS (SMLSX)
| Fund Assets | 1.70B |
| Expense Ratio | 0.43% |
| Min. Investment | $1,000,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.19 |
| Dividend Yield | 3.10% |
| Dividend Growth | 3.52% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 6.11 |
| YTD Return | 0.96% |
| 1-Year Return | 4.89% |
| 5-Year Return | 7.43% |
| 52-Week Low | 5.64 |
| 52-Week High | 6.12 |
| Beta (5Y) | n/a |
| Holdings | 523 |
| Inception Date | Sep 18, 2018 |
About SMLSX
Western Asset Intermediate-Term Municipals Fund Class IS is a mutual fund focused on providing federally tax-exempt income by primarily investing in a diverse portfolio of municipal securities. The fund maintains at least 80% of its assets in municipal obligations, generally featuring maturities of less than 10 years, positioning it in the intermediate-term municipal bond category. With over 500 holdings, its portfolio includes sectors such as transportation, industrial revenue, leasing, and hospital/healthcare, reflecting broad municipal market exposure. The fund's key purpose is to deliver as high a level of income exempt from federal taxes as can be achieved through prudent investment, making it relevant for investors seeking tax-advantaged income streams. It typically distributes income monthly and has an expense ratio of approximately 0.43%. With assets exceeding $2 billion, this fund holds a notable presence in the municipal bond segment, offering diversification and risk-adjusted returns suited to intermediate-term fixed income strategies.
Performance
SMLSX had a total return of 4.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.76%.
Top 10 Holdings
11.51% of assets| Name | Symbol | Weight |
|---|---|---|
| DENVER COLO CITY & CNTY ARPT REV 5.5% | CO.DENAPT 5.5 11.15.2040 | 1.55% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 01.01.2055 | 1.33% |
| NATIONAL FIN AUTH N H REV 5% | NH.NFADEV 5 12.01.2035 | 1.26% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 4% | NY.NYTTRN 4 07.01.2036 | 1.26% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 02.01.2055 | 1.18% |
| ILLINOIS ST 5% | n/a | 1.13% |
| TENNESSEE ENERGY ACQUISITION CORP GAS REV 5% | TN.TNSUTL 05.01.2053 | 1.06% |
| CHICAGO ILL BRD ED 5% | n/a | 1.02% |
| TENDER OPT BD TR RCPTS / CTFS VAR STS 0% | n/a | 0.87% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 6% | NY.NYTTRN 6 06.30.2054 | 0.86% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.01806 | Jan 30, 2026 |
| Dec 31, 2025 | $0.01838 | Dec 31, 2025 |
| Nov 28, 2025 | $0.01602 | Nov 28, 2025 |
| Oct 31, 2025 | $0.01876 | Oct 31, 2025 |
| Sep 30, 2025 | $0.01642 | Sep 30, 2025 |
| Aug 29, 2025 | $0.01815 | Aug 29, 2025 |