Western Asset Intermediate Maturity New York Municipals Fund Class C is a tax-exempt municipal bond mutual fund focused on generating current income free from federal and New York State income taxes for New York residents. The portfolio invests primarily in investment‑grade New York municipal securities with an intermediate interest‑rate profile, targeting durations typical of four to six years to balance income with rate sensitivity. Managed by Western Asset, the strategy diversifies across revenue and general obligation bonds that finance essential services such as transportation, education, healthcare, and local infrastructure, channeling capital to public projects across the state. Within the Muni New York Intermediate category, the fund’s objective and sector mix position it as a vehicle for tax‑advantaged cash flows while maintaining moderate interest‑rate risk relative to longer‑maturity peers. The Class C share structure provides access with a distribution‑focused share class that features ongoing 12b‑1 fees in lieu of a front‑end load, aligning with investors prioritizing tax‑exempt income and flexibility. As part of a multi‑share‑class offering, it contributes to municipal market liquidity and funding for New York’s essential public needs.
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