Western Asset Intermediate-Term Municipals Fund Class IS (SMLSX)
| Fund Assets | 1.15B |
| Expense Ratio | 0.45% |
| Min. Investment | $1,000,000 |
| Turnover | 6.00% |
| Dividend (ttm) | 0.21 |
| Dividend Yield | 3.43% |
| Dividend Growth | 2.91% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 29, 2026 |
| Previous Close | 6.09 |
| YTD Return | 1.37% |
| 1-Year Return | 6.23% |
| 5-Year Return | 4.98% |
| 52-Week Low | 5.87 |
| 52-Week High | 6.17 |
| Beta (5Y) | n/a |
| Holdings | 350 |
| 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 6.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.39%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 29, 2026 | $0.01836 | May 29, 2026 |
| Apr 30, 2026 | $0.01765 | Apr 30, 2026 |
| Mar 31, 2026 | $0.01793 | Mar 31, 2026 |
| Feb 27, 2026 | $0.015 | Feb 27, 2026 |
| Jan 30, 2026 | $0.01806 | Jan 30, 2026 |
| Dec 31, 2025 | $0.01838 | Dec 31, 2025 |