SBLTX

About SBLTX

Western Asset Intermediate-Term Municipals Fund Class A is an open-end mutual fund specializing in municipal fixed income investments. Its primary objective is to generate a high level of income that is exempt from federal income tax, achieved by allocating at least 80% of its assets to a diversified portfolio of intermediate-term municipal bonds, typically with maturities under 10 years. This fund primarily invests across a wide spectrum of issuers and sectors within the municipal market, including education, transportation, utilities, and health services, providing investors with broad exposure to U.S. tax-exempt debt securities. The fund's portfolio maintains a moderate interest rate sensitivity and a credit quality profile diversified among various rating tiers. Managed with a focus on prudent risk, the fund provides monthly income distributions and appeals to those seeking tax-advantaged cash flow. With an inception dating back to 1988, it has established a notable presence among intermediate-term municipal bond funds, serving as a key tool for investors aiming to balance income, risk, and tax efficiency within their fixed income allocation.