Western Asset Intermediate Muni Fund Inc. (SBI)
Western Asset Intermediate Muni Fund Inc. operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $7.67, up 0.52% on the session, giving a market capitalisation of $108.0M. On trailing twelve-month figures it carries a trailing P/E of 12.57, a net margin of 129.2%. Its beta of 0.39 implies it has historically moved less than the broad market.
The Western Asset Intermediate Muni Fund Inc. functions as a closed-end mutual fund focused on fixed income investments. Its primary oversight comes from Legg Mason Partners Fund Advisor, LLC, with Western Asset Management Company acting as a co-manager. The fund's investment strategy is concentrated within the United States' fixed income markets. A key aim is to provide investors with income that is exempt from federal taxation, achieved predominantly by allocating capital to investment-grade municipal securities. To build its portfolio, the fund utilizes a rigorous, proprietary research methodology. Its financial performance is benchmarked against the Barclays Capital 1-15 Year Municipal Bond Index. This U.S.-domiciled fund was established on December 19, 1991, and was previously known as the Intermediate Muni Fund Inc.
Western Asset Intermediate Muni Fund Inc. is most often compared with the following Financial Services names: