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.
Fund Family Franklin Templeton Investments
Category Muni National Interm
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol SMLSX
Share Class Class Is
Index Bloomberg 1-15 Y Municipal Blend TR
SMLSX had a total return of 4.53% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.21%.
