Morningstar

Western Asset Intermediate-Term Municipals Fund Class C SMLLX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
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  • TTM Yield —
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Morningstar’s Analysis SMLLX

Will SMLLX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SMLLX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SMLLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SMLLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A transition awaits.

Associate Analyst Joe Bullard

Joe Bullard

Associate Analyst

Summary

Uncertainty raised from the merging of municipal-bond teams between Western Asset and Franklin Templeton Fixed Income leads to the resetting of Western Asset Intermediate-Term Municipal’s People and Process rating to Average from Above Average.

by Joe Bullard
Rated on Published on

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Portfolio Holdings SMLLX

More SMLLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

2.00 22M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 4%

1.91 21M
municipal

NATIONAL FIN AUTH N H REV 5%

1.86 20M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.78 19M
municipal

TENNESSEE ENERGY ACQUISITION CORP GAS REV 5%

1.53 17M
municipal

CHICAGO ILL BRD ED 5%

1.52 17M
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 0%

1.32 14M
municipal

PORT SEATTLE WASH REV 5%

1.26 14M
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 5.75%

1.24 14M
municipal

ILLINOIS ST 5%

1.20 13M
municipal

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