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Western Asset Intermediate-Term Muni I (SBTYX) Fund Ranking and Research

Ranking, Research and Recommendation of Western Asset Intermediate-Term Muni I (SBTYX) Fund

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Graph of Western Asset Intermediate-Term Muni I Fund (SBTYX) ManagerFund Manager - Dennis J. McNamara

Fund Manager Information

Fund Manager Tenure: 8.0 years
Fund Family: Legg Mason
Fund Category: Muni National Interm
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.58)     (What does this score mean?)

 

Graph of Western Asset Intermediate-Term Muni I Fund (SBTYX) ProfileWestern Asset Intermediate-Term Muni I Fund (SBTYX) Profile

Fund Profile and Description

Western Asset Intermediate-Term Muni I Fund seeks high income exempt from federal income tax, consistent with prudent investing. Western Asset Intermediate-Term Muni I Fund invests at least 80% of assets in municipal securities. These securities include participation or other interests in municipal securities issued or backed by banks, insurance companies and other financial institutions. It focuses on investment-grade bonds but may invest up to 20% of assets in below investment-grade bonds.

 

Western Asset Intermediate-Term Muni I (SBTYX) Fund Strength What we like about Western Asset Intermediate-Term Muni I (SBTYX) Fund

Data for Western Asset Intermediate-Term Muni I Fund (SBTYX) as of May 30, 2016

  • Western Asset Intermediate-Term Muni I Fund (SBTYX) management has been with Western Asset Intermediate-Term Muni I Fund for 8.0 years
  • Western Asset Intermediate-Term Muni I Fund (SBTYX) has good Long-term performance (5-year return 4.53% vs 4.14% Muni National Interm category median performance)
  • Western Asset Intermediate-Term Muni I Fund (SBTYX) ratio of up-years vs down years is greater than 2
  • Western Asset Intermediate-Term Muni I Fund (SBTYX) has a Morningstar rating of 4 and above
  • Asset base in Western Asset Intermediate-Term Muni I Fund (SBTYX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Western Asset Intermediate-Term Muni I Fund (SBTYX) has an annual stock turnover rate of 8.00% vs Muni National Interm average of 22.40%. It is good that Western Asset Intermediate-Term Muni I management does not trade extensively for its return.
  • Western Asset Intermediate-Term Muni I Fund (SBTYX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.02, lower than category average of 3.29
  • Western Asset Intermediate-Term Muni I Fund (SBTYX) has a lower expense ratio than its Muni National Interm average: 0.60% vs 0.80%
  • Western Asset Intermediate-Term Muni I Fund (SBTYX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Western Asset Intermediate-Term Muni I Fund (SBTYX) Weakness What we are cautious about Western Asset Intermediate-Term Muni I (SBTYX) Fund

Data for Western Asset Intermediate-Term Muni I Fund (SBTYX) as of May 30, 2016

  • Western Asset Intermediate-Term Muni I Fund (SBTYX) has a less-than-ideal short-term performance (1-year return 4.47% vs 4.71% Muni National Interm category median performance)
  • Western Asset Intermediate-Term Muni I Fund (SBTYX) has a less-than-ideal mid-term performance (3-year return 2.74% vs 3.10% Muni National Interm category median performance)
  • Western Asset Intermediate-Term Muni I Fund (SBTYX) is less safe compared to its Muni National Interm peers
See Western Asset Intermediate-Term Muni I Fund (SBTYX) performance details as of May 30, 2016

 

What do you think?

 

Compare Western Asset Intermediate-Term Muni I Fund (SBTYX)Compare with other top Muni National Interm category mutual funds

Aadditional top Muni National Interm mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Western Asset Intermediate-Term Muni I2.314.472.744.53
Eaton Vance TABS 5 to15 Yr Lad Muni Bd I (EILTX)3.408.176.377.87Compare
BlackRock Strategic Muni Opps Inv A1 (MDMTX)3.297.784.275.68Compare
USAA Tax Exempt Intermediate-Term (USATX)2.525.223.514.92Compare

See top fund managers for Muni National Interm Category Funds

 

Compare Western Asset Intermediate-Term Muni I Fund (SBTYX)Compare with Muni National Interm category ETFs

Some Muni National Interm ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Intermediate Muni ETF (ITM)2.55%7.15%4.62%
iShares National AMT-Free Muni Bond (MUB)2.19%5.72%4.01%
PIMCO Intermediate Municipal Bd Actv ETF (MUNI)1.61%4.98%2.60%
Columbia Intermediate Municipal Bond ETF (GMMB)000

 

Graph of Western Asset Intermediate-Term Muni I Fund (SBTYX) Net Asset TrackingWestern Asset Intermediate-Term Muni I (SBTYX) Fund Net Asset

Track net asset change of Western Asset Intermediate-Term Muni I fund (SBTYX)

DateNet Asset
05/2016$2.80B
03/2016$2.67B
02/2016$2.65B
More historic net asset information on Western Asset Intermediate-Term Muni I Fund (SBTYX)

  

Graph of Western Asset Intermediate-Term Muni I Fund (SBTYX) Portfolio TrackingWestern Asset Intermediate-Term Muni I (SBTYX) Fund Portfolio Allocation

Track portfolio allocation change of Western Asset Intermediate-Term Muni I fund (SBTYX)

DateCashStockBondOther
03/20162.87%0.02%97.11%0%
12/20152.54%0.02%97.44%0%
09/20152.2%0.02%97.78%0%
Click here to see more historic asset allocation information on Western Asset Intermediate-Term Muni I Fund (SBTYX)

 

graph of Western Asset Intermediate-Term Muni I Fund (SBTYX) Top 10 Position TrackingTop 10 Holdings in Western Asset Intermediate-Term Muni I (SBTYX) Fund

Discover what Western Asset Intermediate-Term Muni I Fund (SBTYX) manager is buying

Mar 30, 2016
Harris Cnty Tex Indl Dev Corp Rev B 4.7% [1.83%]
San Francisco Calif City & Cnt Rev 4.9% [1.81%]
California St Econ Recover Economic 5% [1.5%]
Brooklyn Arena Loc Dev Corp N Rev Bds 6% [1.47%]
Bay Area Toll Auth 1.3% [1.37%]
Tennessee Engy Acquisition C Gas R 5.25% [1.34%]
New York St Dorm Auth 5.25% [1.15%]
Texas Mun Gas Acquisition & Su Sr 6.25% [1.14%]
Tennessee Engy Acquisition C Gas Rev 5% [1.12%]
Farmington N Mex Pollutn Ctl R Poll 4.7% [1.11%]

Dec 30, 2015
Harris Cnty Tex Indl Dev Corp Rev B 4.7% [1.84%]
San Francisco Calif City & Cnt Rev 4.9% [1.82%]
California St Econ Recover Economic 5% [1.54%]
Brooklyn Arena Loc Dev Corp N Rev Bds 6% [1.5%]
Bay Area Toll Auth 0.91% [1.41%]
Tennessee Engy Acquisition C Gas R 5.25% [1.36%]
New York St Dorm Auth 5.25% [1.16%]
Farmington N Mex Pollutn Ctl R Poll 4.7% [1.13%]
Texas Mun Gas Acquisition & Su Sr 6.25% [1.13%]
Tennessee Engy Acquisition C Gas Rev 5% [1.12%]

Sep 29, 2015
Harris Cnty Tex Indl Dev Corp Rev B 4.7% [1.89%]
San Francisco Calif City & Cnt Rev 4.9% [1.86%]
California St Econ Recover Economic 5% [1.56%]
Brooklyn Arena Loc Dev Corp N Rev Bds 6% [1.5%]
Bay Area Toll Auth 0.92% [1.42%]
Bay Area Toll Auth 0.91% [1.39%]
Tennessee Engy Acquisition C Gas R 5.25% [1.35%]
Farmington N Mex Pollutn Ctl R Poll 4.7% [1.15%]
New York St Dorm Auth 5.25% [1.14%]
Texas Mun Gas Acquisition & Su Sr 6.25% [1.13%]
Click here for Stock Holding Change Map in Western Asset Intermediate-Term Muni I Fund (SBTYX)

  

Latest News on Western Asset Intermediate-Term Muni I (SBTYX) Fund

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Western Asset Intermediate-Term Muni I Fund (SBTYX) Related ResourcesSee more information on Western Asset Intermediate-Term Muni I (SBTYX) Fund

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