Western Asset Intermediate Muni Fund (SBI)

• Market cap: $111M
• 1 day: 0.51%
• 5 days: 0.90%
• 1 month: -0.88%
• 3 months: 0.38%
• 6 months: -3.67%
• Year to date: 0.51%
• 1 year: 0.13%
• 5 years: -1.62%
• 10 years: -22.00%
• Sector: Financials
• Industry: Asset Management

About: Western Asset Intermediate Muni Fd Inc is a diversified closed-end management investment company. The fund's objective is to provide a high level of current income exempt from Federal income taxes. Under normal market conditions, the Fund will invest at least 80% of its total assets in municipal obligations. In addition, under normal market conditions, the Fund will invest at least 80% of its total assets in debt securities that are, at the time of investment, rated investment grade by a nationally recognized statistical rating organization or, if unrated, of equivalent quality as determined by the investment manager. The Fund also maintains a dollar-weighted average effective maturity of between three and ten years.

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

25% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 8

0.24% more ownership

Funds ownership: 48.27% [Q3] → 48.51% (+0.24%) [Q4]

2% less funds holding

Funds holding: 56 [Q3] → 55 (-1) [Q4]

5% less capital invested

Capital invested by funds: $55.7M [Q3] → $52.9M (-$2.84M) [Q4]

45% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 20