Western Asset Intermediate-Term Muni IS (SMLSX)
| Fund Assets | 1.74B |
| Expense Ratio | 0.43% |
| Min. Investment | $1,000,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.21 |
| Dividend Yield | 3.38% |
| Dividend Growth | 4.72% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 6.09 |
| YTD Return | 1.55% |
| 1-Year Return | 0.91% |
| 5-Year Return | 5.90% |
| 52-Week Low | 5.81 |
| 52-Week High | 6.14 |
| Beta (5Y) | n/a |
| Holdings | 556 |
| 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 0.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.02%.
Top 10 Holdings
10.97% 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 | 1.19% |
| NATIONAL FIN AUTH N H REV 5% | NH.NFADEV 5 12.01.2035 | 1.18% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 02.01.2055 | 1.16% |
| 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 | 0.94% |
| 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 | 0.82% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.01642 | Sep 30, 2025 |
| Aug 29, 2025 | $0.01815 | Aug 29, 2025 |
| Jul 31, 2025 | $0.01772 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0166 | Jun 30, 2025 |
| May 30, 2025 | $0.01821 | May 30, 2025 |
| Apr 30, 2025 | $0.01697 | Apr 30, 2025 |