Western Asset Intermediate Muni Fund
SBI
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 Q2 regulatory disclosures by fund managers ($100M+ AUM)
0.41% less ownership
Funds ownership: 42.96% [Q1] → 42.55% (-0.41%) [Q2]
6% less capital invested
Capital invested by funds: $47.9M [Q1] → $45.1M (-$2.81M) [Q2]
7% less funds holding
Funds holding: 58 [Q1] → 54 (-4) [Q2]
11% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 18
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Financial journalist opinion
