Western Asset Intermediate Muni Fund (SBI)

• Market cap: $106M
• 1 day: -0.13%
• 5 days: 1.08%
• 1 month: -0.53%
• 3 months: -3.60%
• 6 months: -6.48%
• Year to date: -4.21%
• 1 year: -4.46%
• 5 years: -12.79%
• 10 years: -23.23%
• 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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

2% more funds holding

Funds holding: 56 [Q4 2024] → 57 (+1) [Q1 2025]

5.78% less ownership

Funds ownership: 48.65% [Q4 2024] → 42.86% (-5.78%) [Q1 2025]

10% less capital invested

Capital invested by funds: $53M [Q4 2024] → $47.8M (-$5.26M) [Q1 2025]

12% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 17