Western Asset Intermediate Muni Fund Inc.

Frequently Asked Questions About SBI

What does SBI invest in?

The Western Asset Intermediate Muni Fund Inc. functions as a closed-end mutual fund focused on fixed income investments. Its primary oversight comes from Legg Mason Partners Fund Advisor, LLC, with Western Asset Management Company acting as a co-manager. The fund's investment strategy is concentrated within the United States' fixed income markets. A key aim is to provide investors with income that is exempt from federal taxation, achieved predominantly by allocating capital to investment-grade municipal securities. To build its portfolio, the fund utilizes a rigorous, proprietary research methodology. Its financial performance is benchmarked against the Barclays Capital 1-15 Year Municipal Bond Index. This U.S.-domiciled fund was established on December 19, 1991, and was previously known as the Intermediate Muni Fund Inc.

What is the expense ratio of SBI?

Western Asset Intermediate Muni Fund Inc. (SBI) charges an expense ratio of 2.60%. This is the annual fee deducted from fund assets to cover management and operations.

What is SBI's dividend yield?

SBI's trailing-twelve-month yield is 6.77%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SBI?

Effective duration measures SBI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SBI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of SBI?

SBI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of SBI?

Yield to maturity (YTM) is the total return you'd earn from SBI if every bond in the portfolio is held to maturity at the current price. SBI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.