SIMLX

About SIMLX

Western Asset Intermediate Maturity California Municipals Fund Class C is a municipal bond mutual fund that primarily seeks to provide California investors with a high level of current income that is exempt from both federal and California state personal income taxes. The fund achieves this by investing at least 80% of its assets in intermediate maturity municipal debt issued by entities within California, including state agencies, municipalities, and local governments. By concentrating on municipal securities, this fund plays a significant role in financing public projects in California, such as infrastructure and community development, while supporting investors seeking tax-advantaged income solutions uniquely tailored for residents of the state. The fund’s intermediate maturity orientation aims to balance interest rate sensitivity with the potential for attractive tax-free yields, making it suitable for those who are sensitive to tax implications but prefer less volatility than longer-term bond funds. Its performance depends on the credit quality and interest rate environment affecting the California municipal bond market.