Western Asset Intermediate Municipal Fund Inc. (SBI)
Frequently Asked Questions About Western Asset Intermediate Municipal Fund Inc. (SBI)
Are there any redemption fees for Western Asset Intermediate Municipal Fund Inc.?
As a closed-end fund, Western Asset Intermediate Municipal Fund Inc. does not impose redemption fees like those found in open-end mutual funds. However, shareholders do face market-related costs when buying or selling shares on the exchange, including potential brokerage fees. Investors should be mindful of these costs when trading shares.
How can investors buy shares of Western Asset Intermediate Municipal Fund Inc.?
Investors can buy shares of Western Asset Intermediate Municipal Fund Inc. through brokerage accounts, similar to purchasing stocks. Shares are available on the New York Stock Exchange under the ticker symbol SBI, and prices fluctuate based on supply and demand in the market.
How can investors stay updated on Western Asset Intermediate Municipal Fund Inc.'s performance?
Investors can stay updated on Western Asset Intermediate Municipal Fund Inc.'s performance through various channels, including the fund's official website, financial news websites, and brokerage platforms. Regular updates, quarterly reports, and performance metrics are often made available to give shareholders insights into the fund's current standing and investment activities.
How does Western Asset Intermediate Municipal Fund Inc. contribute to portfolio diversification?
Western Asset Intermediate Municipal Fund Inc. contributes to portfolio diversification by providing exposure to a variety of municipal securities across different states and sectors. This diversification can help mitigate risks associated with individual issuers or geographic regions, making it a valuable component of a balanced investment portfolio.
How is the performance of Western Asset Intermediate Municipal Fund Inc. measured?
The performance of Western Asset Intermediate Municipal Fund Inc. is typically measured by looking at its net asset value (NAV), total return, and yield. Investors often compare the fund's performance to relevant benchmarks, such as municipal bond indices, to evaluate how well the fund is achieving its investment objectives.
How often does Western Asset Intermediate Municipal Fund Inc. report its performance?
Western Asset Intermediate Municipal Fund Inc. typically reports its performance on a quarterly basis, providing shareholders with updates on net asset values, portfolio composition, dividends, and overall fund performance. Additionally, annual reports offer a comprehensive review of the fund's activities and outcomes throughout the year.
Is Western Asset Intermediate Municipal Fund Inc. publicly traded?
Yes, Western Asset Intermediate Municipal Fund Inc. is publicly traded on the New York Stock Exchange under the ticker symbol SBI. Being a closed-end fund, it issues a fixed number of shares that trade on the exchange, allowing investors to buy or sell shares based on current market conditions.
What are the eligibility requirements for investing in Western Asset Intermediate Municipal Fund Inc.?
There are no specific eligibility requirements for investing in Western Asset Intermediate Municipal Fund Inc. beyond the general requirement of being a qualified investor. Any individual or institutional investor can purchase shares through a brokerage account without restrictions, as long as they are compliant with relevant regulations.
What are the tax benefits of investing in Western Asset Intermediate Municipal Fund Inc.?
Investing in Western Asset Intermediate Municipal Fund Inc. offers tax benefits primarily because the income generated from municipal bonds is generally exempt from federal income taxes. This feature makes the fund particularly attractive to investors seeking to reduce their tax liability while earning income, especially in higher tax brackets.
What does Western Asset Intermediate Municipal Fund Inc. do?
Western Asset Intermediate Municipal Fund Inc. is a closed-end management investment company that primarily invests in a portfolio of municipal bonds. It aims to provide a high level of current income exempt from federal income tax, as well as preserve capital. The fund's strategy typically involves investing in intermediate-term municipal securities, which balance income generation with interest rate risk.
What is the dividend payout policy of Western Asset Intermediate Municipal Fund Inc.?
Western Asset Intermediate Municipal Fund Inc. typically pays dividends to its shareholders on a monthly basis. The dividends are derived from the income generated by the fund's municipal bond investments, providing a regular income stream to investors. The actual amount distributed can vary based on market conditions and the performance of the bond portfolio.
What is the expense ratio of Western Asset Intermediate Municipal Fund Inc.?
The expense ratio of Western Asset Intermediate Municipal Fund Inc. is a metric that indicates the percentage of assets used for operating expenses and management fees. The fund aims to maintain a competitive expense ratio, which is an important factor for investors to consider as it impacts overall returns. Investors should check the fund's latest reports for the current expense ratio.
What is the investment objective of Western Asset Intermediate Municipal Fund Inc.?
The primary investment objective of Western Asset Intermediate Municipal Fund Inc. is to provide a high level of current income exempt from federal income tax. The fund also seeks to preserve capital while navigating the fluctuations of the municipal bond market, thereby offering a stable income stream for its shareholders.
What is the significance of the fund's ticker symbol 'SBI'?
The ticker symbol 'SBI' for Western Asset Intermediate Municipal Fund Inc. serves as a unique identifier for the fund on the New York Stock Exchange. Ticker symbols simplify trading and help investors quickly locate information about the fund's performance, price changes, and trading volume in the financial markets.
What is the typical investment horizon for Western Asset Intermediate Municipal Fund Inc.?
The typical investment horizon for Western Asset Intermediate Municipal Fund Inc. is usually considered intermediate-term, focusing on bonds with maturities that typically range from 4 to 10 years. This strategy aims to strike a balance between yield and interest rate sensitivity, providing a stable income stream while managing risk.
What risks are associated with investing in Western Asset Intermediate Municipal Fund Inc.?
Investing in Western Asset Intermediate Municipal Fund Inc. carries various risks, including interest rate risk, credit risk, and market risk. Changes in interest rates can affect the value of municipal bonds, while economic conditions can impact the creditworthiness of issuers. Investors should be aware of these risks and consider their financial situation before investing.
What should potential investors consider before committing to Western Asset Intermediate Municipal Fund Inc.?
Potential investors should consider their overall financial goals, risk tolerance, and investment horizon before committing to Western Asset Intermediate Municipal Fund Inc. Understanding the fund's investment strategy, performance history, and the current economic landscape is also essential for making an informed decision that aligns with individual investment objectives.
What type of bonds does Western Asset Intermediate Municipal Fund Inc. invest in?
The fund primarily invests in municipal bonds, which are debt securities issued by states, municipalities, or other governmental entities to finance public projects. These bonds are typically exempt from federal income taxes, making them an appealing investment for individuals seeking tax-advantaged income.
When was Western Asset Intermediate Municipal Fund Inc. established?
The Western Asset Intermediate Municipal Fund Inc. was established on September 26, 2002. Since its inception, it has aimed to provide investors with a reliable income stream while focusing on the preservation of capital through a diversified portfolio of municipal bonds.
Who manages Western Asset Intermediate Municipal Fund Inc.?
Western Asset Intermediate Municipal Fund Inc. is managed by Western Asset Management Company, which is known for its expertise in fixed-income investments. The management team applies a disciplined investment approach to select municipal securities that align with the fund's objective of generating tax-exempt income.
What is the current price of Western Asset Intermediate Municipal Fund Inc.?
The current price of Western Asset Intermediate Municipal Fund Inc. is 7.830
When was Western Asset Intermediate Municipal Fund Inc. last traded?
The last trade of Western Asset Intermediate Municipal Fund Inc. was at 7:00 pm EDT on April 2nd, 2025