SMLSX — Western Asset Intermediate-Term Municipals Fund
Data updated: 2026-06-10
SMLSX — Western Asset Intermediate-Term Municipals Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $1.16B AUM · 0.45% expense ratio · 4.2% 1-yr return. From SEC regulatory filings.
SMLSX Fund Overview
SMLSX — Western Asset Intermediate-Term Municipals Fund is a US mutual fund managed by Legg Mason Partners Income Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Legg Mason Partners Income Trust
- Category: Long Municipal - National Bond
- Assets under management: $1.16B
- 1-year return: 4.2%
- Ticker: SMLSX
- SEC CIK: 0000764624
- SEC series ID: S000016626
- Share class ID: C000184044
SMLSX Holdings
Top 10 holdings of Western Asset Intermediate-Term Municipals Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| New York St Urban Dev Corp. | 2.44% |
| Ny Nycutl 5 06/15/2047 | 2.18% |
| California Cmnty Choice Fing Auth | 1.89% |
| New York Transportation Development Corp. (ny) | 1.80% |
| National Fin Auth N H | 1.79% |
| California Cmnty Choice Fing Auth | 1.70% |
| Tennessee Energy Acquisition Corp. | 1.54% |
| Chicago Ill Brd Ed | 1.46% |
| Port Seattle Wash | 1.21% |
| Pennsylvania Economic Development Financing Authority (pa) | 1.16% |
SMLSX Portfolio Allocation
Asset-class allocation of Western Asset Intermediate-Term Municipals Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 101.6% |
SMLSX Performance
Total returns for SMLSX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.0% |
| 1 year | 4.2% |
| 3 years (annualised) | 3.3% |
| 5 years (annualised) | 1.4% |
SMLSX Risk Information
Risk metrics for SMLSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.6%
SMLSX Costs and Fees
SMLSX costs about $45 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.45%
- Gross expense ratio: 0.45%
- Portfolio turnover: 10%
- Brokerage commissions: 0.02 bps of average net assets (SEC N-CEN)
SMLSX Cashflows
Over the 12 months to 2026-03, Western Asset Intermediate-Term Municipals Fund had net outflows of $744.56M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$21.87M |
| 2026-02 | −$509.49M |
| 2026-01 | −$6.57M |
| 2025-12 | −$10.77M |
| 2025-11 | −$24.58M |
| 2025-10 | −$15.95M |
SMLSX Debt Constituents
Largest debt holdings of Western Asset Intermediate-Term Municipals Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| New York St Urban Dev Corp. | 2.44% |
| Ny Nycutl 5 06/15/2047 | 2.18% |
| California Cmnty Choice Fing Auth | 1.89% |
| New York Transportation Development Corp. (ny) | 1.80% |
| National Fin Auth N H | 1.79% |
| California Cmnty Choice Fing Auth | 1.70% |
| Tennessee Energy Acquisition Corp. | 1.54% |
| Chicago Ill Brd Ed | 1.46% |
| Port Seattle Wash | 1.21% |
| Pennsylvania Economic Development Financing Authority (pa) | 1.16% |
SMLSX Prospectus and SEC Filings
Official Western Asset Intermediate-Term Municipals Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.