SBYLX: Western Asset New York Municipals C

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SBYLX Western Asset New York Municipals C


Profile

SBYLX - Profile

Vitals

  • YTD Return -4.2%
  • 3 Yr Annualized Return -1.1%
  • 5 Yr Annualized Return -1.6%
  • Net Assets $542 M
  • Holdings in Top 10 35.9%

52 WEEK LOW AND HIGH

$12.68
$11.96
$13.57

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.33%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -4.2%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return -1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset New York Municipals Fund
  • Fund Family Name
    Legg Mason
  • Inception Date
    Jan 08, 1993
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Fare

Fund Description

Under normal circumstances, the fund invests at least 80% of its assets in "New York municipal securities." New York municipal securities are securities and other investments with similar economic characteristics the interest on which is exempt from regular federal income tax and New York state and New York City personal income taxes but which may be subject to the federal alternative minimum tax. It is non-diversified.


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Categories

Performance

SBYLX - Performance

Return Ranking - Trailing

Period SBYLX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -11.1% 1.7% 51.95%
1 Yr -2.2% -7.4% 9.8% 56.95%
3 Yr -1.1%* -3.3% 4.6% 74.10%
5 Yr -1.6%* -2.9% 1.8% 88.64%
10 Yr -0.7%* -1.0% 1.1% 94.12%

* Annualized

Return Ranking - Calendar

Period SBYLX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% 2.2% 9.3% 92.72%
2018 -2.5% -6.6% 5.4% 50.69%
2017 0.4% -2.0% 4.3% 80.00%
2016 -4.0% -6.3% 0.0% 88.72%
2015 -0.5% -4.4% 1.1% 76.52%

Total Return Ranking - Trailing

Period SBYLX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -11.1% 1.7% 51.95%
1 Yr -2.2% -7.4% 10.4% 56.95%
3 Yr -1.1%* -3.3% 4.6% 76.26%
5 Yr -1.6%* -2.9% 1.8% 88.64%
10 Yr -0.7%* -1.0% 2.7% 97.06%

* Annualized

Total Return Ranking - Calendar

Period SBYLX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% 2.2% 9.9% 92.72%
2018 -2.5% -6.6% 5.2% 53.47%
2017 0.4% -2.0% 4.3% 83.70%
2016 -4.0% -6.3% 0.9% 90.23%
2015 -0.5% -4.4% 2.1% 80.30%

NAV & Total Return History


Holdings

SBYLX - Holdings

Concentration Analysis

SBYLX Category Low Category High SBYLX % Rank
Net Assets 542 M 36.5 M 5.49 B 40.26%
Number of Holdings 113 43 1229 85.71%
Net Assets in Top 10 203 M -130 M 820 M 22.08%
Weighting of Top 10 35.91% 5.6% 82.6% 12.34%

Top 10 Holdings

  1. LIBERTY N Y DEV CORP REV 5.5% 6.32%
  2. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% 4.46%
  3. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5.5% 4.44%
  4. PORT AUTH N Y & N J SPL OBLIG REV 6% 3.69%
  5. SUFFOLK CNTY N Y 2.5% 3.47%
  6. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4% 2.99%
  7. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 2.81%
  8. NEW YORK N Y CITY HEALTH & HOSP CORP REV 5% 2.71%
  9. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 2.69%
  10. TRIBOROUGH BRDG & TUNL AUTH N Y REVS 0% 2.31%

Asset Allocation

Weighting Return Low Return High SBYLX % Rank
Bonds
102.02% 94.67% 147.58% 7.14%
Stocks
0.00% 0.00% 0.00% 84.42%
Preferred Stocks
0.00% 0.00% 0.00% 84.42%
Other
0.00% -0.40% 1.06% 83.12%
Convertible Bonds
0.00% 0.00% 0.00% 84.42%
Cash
-2.02% -47.59% 5.32% 94.81%

Bond Sector Breakdown

Weighting Return Low Return High SBYLX % Rank
Municipal
100.00% 88.88% 100.57% 22.08%
Derivative
0.00% 0.00% 0.00% 84.42%
Cash & Equivalents
0.00% -0.18% 5.32% 91.56%
Securitized
0.00% 0.00% 0.00% 84.42%
Corporate
0.00% -0.39% 2.07% 83.77%
Government
0.00% -0.01% 9.83% 84.42%

Bond Geographic Breakdown

Weighting Return Low Return High SBYLX % Rank
US
101.09% 81.24% 141.70% 4.55%
Non US
0.93% 0.00% 18.23% 57.79%

Expenses

SBYLX - Expenses

Operational Fees

SBYLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.33% 0.09% 3.53% 28.10%
Management Fee 0.50% 0.08% 0.70% 83.77%
12b-1 Fee 0.70% 0.00% 1.00% 70.00%
Administrative Fee N/A 0.01% 0.32% N/A

Sales Fees

SBYLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.75% N/A
Deferred Load 1.00% 1.00% 5.00% 85.19%

Trading Fees

SBYLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SBYLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 6.00% 114.00% 38.96%

Distributions

SBYLX - Distributions

Dividend Yield Analysis

SBYLX Category Low Category High SBYLX % Rank
Dividend Yield 0.00% 0.00% 1.45% 86.27%

Dividend Distribution Analysis

SBYLX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

SBYLX Category Low Category High SBYLX % Rank
Net Income Ratio 3.06% 1.40% 6.06% 39.22%

Capital Gain Distribution Analysis

SBYLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

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Fund Manager Analysis

SBYLX - Fund Manager Analysis

Managers

David Fare


Start Date

Tenure

Tenure Rank

Dec 30, 1998

21.27

21.3%

David T. Fare is a Portfolio Manager at Western Asset. He has been with Western Asset since 2005.

Robert Amodeo


Start Date

Tenure

Tenure Rank

May 17, 2007

12.88

12.9%

Robert E. Amodeo is the Head of Municipals at Western Asset. He has been with Western Asset since 2005.

S. Leech


Start Date

Tenure

Tenure Rank

Mar 31, 2014

6.01

6.0%

– Western Asset Management Company, LLC – Chief Investment Officer, 1990– – Greenwich Capital Markets – Portfolio Manager, 1988–1990 – The First Boston Corporation – Fixed Income Manager, 1980–1988 – National Bank of Detroit – Portfolio Manager, 1977–1980 – The Wharton School, University of Pennsylvania, M.B.A., B.S., B.A., summa cum laude, 1972–1976

Tenure Analysis

Category Low Category High Category Average Category Mode
0.1 30.27 7.8 7.88