Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.9%
1 yr return
2.4%
3 Yr Avg Return
-0.6%
5 Yr Avg Return
1.2%
Net Assets
$2.61 B
Holdings in Top 10
9.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.38%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 15.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SMLSX - Profile
Distributions
- YTD Total Return -0.9%
- 3 Yr Annualized Total Return -0.6%
- 5 Yr Annualized Total Return 1.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.16%
- Dividend Yield 3.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameWestern Asset Intermediate-Term Municipals Fund
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateSep 18, 2018
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Fare
Fund Description
SMLSX - Performance
Return Ranking - Trailing
Period | SMLSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.9% | -5.5% | 7.2% | 41.21% |
1 Yr | 2.4% | -5.8% | 31.1% | 42.47% |
3 Yr | -0.6%* | -11.6% | 2.6% | 16.25% |
5 Yr | 1.2%* | -6.4% | 1101.7% | 17.80% |
10 Yr | N/A* | -0.5% | 248.1% | 51.11% |
* Annualized
Return Ranking - Calendar
Period | SMLSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.7% | -1.4% | 41.0% | 53.42% |
2022 | -9.6% | -39.7% | 0.3% | 32.72% |
2021 | 0.5% | -5.6% | 6.9% | 15.87% |
2020 | 1.2% | -2.6% | 310.0% | 72.91% |
2019 | 3.2% | 0.0% | 26.0% | 73.61% |
Total Return Ranking - Trailing
Period | SMLSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.9% | -5.5% | 7.2% | 41.21% |
1 Yr | 2.4% | -5.8% | 31.1% | 42.47% |
3 Yr | -0.6%* | -11.6% | 2.6% | 16.25% |
5 Yr | 1.2%* | -6.4% | 1101.7% | 17.80% |
10 Yr | N/A* | -0.5% | 248.1% | 48.19% |
* Annualized
Total Return Ranking - Calendar
Period | SMLSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.2% | -1.3% | 41.0% | 34.48% |
2022 | -7.2% | -39.7% | 1.1% | 28.10% |
2021 | 3.0% | -4.8% | 23761504.0% | 16.47% |
2020 | 3.1% | -1.5% | 17057.9% | 72.98% |
2019 | 6.3% | 0.2% | 3514.6% | 55.85% |
NAV & Total Return History
SMLSX - Holdings
Concentration Analysis
SMLSX | Category Low | Category High | SMLSX % Rank | |
---|---|---|---|---|
Net Assets | 2.61 B | 3.22 M | 71.9 B | 13.60% |
Number of Holdings | 727 | 2 | 13067 | 15.15% |
Net Assets in Top 10 | 234 M | -317 M | 3.56 B | 16.25% |
Weighting of Top 10 | 9.08% | 2.0% | 100.4% | 86.72% |
Top 10 Holdings
- New York State Urban Development Corp (TOBs) 1.19%
- City County of Denver CO Airport System Revenue 1.06%
- New York City Municipal Water Finance Authority (TOBs) 1.05%
- New York State Dormitory Authority (TOBs) 0.98%
- Tennessee Energy Acquisition Corp 0.97%
- New York Transportation Development Corp 0.83%
- Central Puget Sound Regional Transit Authority 0.79%
- State of Illinois 0.77%
- State of New Jersey 0.75%
- Chicago Board of Education 0.71%
Asset Allocation
Weighting | Return Low | Return High | SMLSX % Rank | |
---|---|---|---|---|
Bonds | 101.19% | 0.00% | 150.86% | 6.73% |
Stocks | 0.00% | 0.00% | 99.81% | 88.68% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 87.64% |
Other | 0.00% | -3.18% | 33.35% | 83.50% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 87.59% |
Cash | 0.00% | -50.86% | 50.09% | 96.50% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SMLSX % Rank | |
---|---|---|---|---|
Municipal | 99.78% | 44.39% | 100.00% | 21.57% |
Derivative | 0.00% | -3.18% | 23.38% | 82.91% |
Cash & Equivalents | 0.00% | 0.00% | 48.02% | 95.02% |
Securitized | 0.00% | 0.00% | 5.93% | 88.30% |
Corporate | 0.00% | 0.00% | 9.41% | 88.69% |
Government | 0.00% | 0.00% | 52.02% | 88.37% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SMLSX % Rank | |
---|---|---|---|---|
US | 101.19% | 0.00% | 142.23% | 6.41% |
Non US | 0.00% | 0.00% | 23.89% | 90.03% |
SMLSX - Expenses
Operational Fees
SMLSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.38% | 0.01% | 20.65% | 91.77% |
Management Fee | 0.35% | 0.00% | 1.20% | 29.24% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
SMLSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
SMLSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
SMLSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 15.00% | 0.00% | 283.00% | 43.35% |
SMLSX - Distributions
Dividend Yield Analysis
SMLSX | Category Low | Category High | SMLSX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.24% | 0.00% | 14.58% | 28.53% |
Dividend Distribution Analysis
SMLSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Monthly | Monthly |
Net Income Ratio Analysis
SMLSX | Category Low | Category High | SMLSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.16% | -0.53% | 5.33% | 38.18% |
Capital Gain Distribution Analysis
SMLSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.016 | OrdinaryDividend |
Feb 29, 2024 | $0.015 | OrdinaryDividend |
Jan 31, 2024 | $0.016 | DailyAccrualFund |
Dec 29, 2023 | $0.018 | DailyAccrualFund |
Nov 30, 2023 | $0.016 | DailyAccrualFund |
Oct 31, 2023 | $0.016 | DailyAccrualFund |
Sep 29, 2023 | $0.016 | OrdinaryDividend |
Aug 31, 2023 | $0.016 | OrdinaryDividend |
Jul 31, 2023 | $0.015 | DailyAccrualFund |
Jun 30, 2023 | $0.016 | DailyAccrualFund |
May 31, 2023 | $0.016 | DailyAccrualFund |
Apr 28, 2023 | $0.014 | OrdinaryDividend |
Mar 31, 2023 | $0.017 | DailyAccrualFund |
Feb 28, 2023 | $0.014 | DailyAccrualFund |
Jan 31, 2023 | $0.014 | DailyAccrualFund |
Dec 30, 2022 | $0.016 | DailyAccrualFund |
Nov 30, 2022 | $0.014 | DailyAccrualFund |
Oct 31, 2022 | $0.014 | DailyAccrualFund |
Sep 30, 2022 | $0.014 | DailyAccrualFund |
Aug 31, 2022 | $0.013 | DailyAccrualFund |
Jul 29, 2022 | $0.012 | DailyAccrualFund |
Jun 30, 2022 | $0.012 | DailyAccrualFund |
May 31, 2022 | $0.011 | DailyAccrualFund |
Apr 29, 2022 | $0.012 | DailyAccrualFund |
Mar 31, 2022 | $0.011 | DailyAccrualFund |
Feb 28, 2022 | $0.010 | DailyAccrualFund |
Jan 31, 2022 | $0.010 | DailyAccrualFund |
Dec 31, 2021 | $0.012 | DailyAccrualFund |
Nov 30, 2021 | $0.011 | DailyAccrualFund |
Oct 29, 2021 | $0.012 | DailyAccrualFund |
Sep 30, 2021 | $0.012 | DailyAccrualFund |
Aug 31, 2021 | $0.012 | DailyAccrualFund |
Jul 30, 2021 | $0.013 | DailyAccrualFund |
Jun 30, 2021 | $0.012 | DailyAccrualFund |
May 28, 2021 | $0.012 | DailyAccrualFund |
Apr 30, 2021 | $0.014 | DailyAccrualFund |
Mar 31, 2021 | $0.014 | DailyAccrualFund |
Feb 26, 2021 | $0.012 | DailyAccrualFund |
Jan 29, 2021 | $0.013 | DailyAccrualFund |
Dec 31, 2020 | $0.014 | DailyAccrualFund |
Nov 30, 2020 | $0.014 | DailyAccrualFund |
Oct 30, 2020 | $0.014 | DailyAccrualFund |
Sep 30, 2020 | $0.014 | DailyAccrualFund |
Aug 31, 2020 | $0.015 | OrdinaryDividend |
Jul 31, 2020 | $0.015 | OrdinaryDividend |
Jun 30, 2020 | $0.015 | OrdinaryDividend |
May 29, 2020 | $0.015 | OrdinaryDividend |
Apr 30, 2020 | $0.015 | OrdinaryDividend |
Mar 31, 2020 | $0.015 | OrdinaryDividend |
Feb 28, 2020 | $0.014 | OrdinaryDividend |
Jan 31, 2020 | $0.015 | OrdinaryDividend |
Dec 31, 2019 | $0.016 | DailyAccrualFund |
Nov 29, 2019 | $0.016 | DailyAccrualFund |
Oct 31, 2019 | $0.003 | DailyAccrualFund |
Sep 30, 2019 | $0.015 | DailyAccrualFund |
Aug 30, 2019 | $0.018 | DailyAccrualFund |
Jul 31, 2019 | $0.017 | DailyAccrualFund |
Jun 28, 2019 | $0.017 | OrdinaryDividend |
May 31, 2019 | $0.019 | DailyAccrualFund |
Apr 30, 2019 | $0.017 | DailyAccrualFund |
Mar 29, 2019 | $0.018 | DailyAccrualFund |
Feb 28, 2019 | $0.016 | DailyAccrualFund |
Jan 31, 2019 | $0.018 | DailyAccrualFund |
Dec 31, 2018 | $0.018 | DailyAccrualFund |
Nov 30, 2018 | $0.019 | DailyAccrualFund |
Oct 31, 2018 | $0.019 | DailyAccrualFund |
SMLSX - Fund Manager Analysis
Managers
David Fare
Start Date
Tenure
Tenure Rank
Dec 31, 2004
17.42
17.4%
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 31, 2007
15.01
15.0%
– Western Asset Management Company, LLC – Head of Municipals, 2005- – Salomon Brothers Asset Management – Analyst to Managing Director, Portfolio Manager, 1992-2005 – Salomon Brothers Inc. – Accountant to Analyst, 1988-1992 – The Bank of New York – Accountant, 1987-1988 – Columbia University, M.P.A., Advanced Management and Finance – Long Island University, B.S. – Chartered Financial Analyst
S. Leech
Start Date
Tenure
Tenure Rank
Mar 31, 2014
8.17
8.2%
– 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 |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |