PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
Western Asset Intermediate-Term Municipals Fund (S...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Western Asset Intermediate-Term Municipals Fund (SBLTX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

The fund normally invests at least 80% of its assets in "municipal securities." Municipal securities are securities and other investments with similar economic characteristics, the interest on which is exempt from regular federal income tax but which may be subject to the federal alternative minimum tax. The fund's 80% policy may not be changed without a shareholder vote.

Fund Info

ISIN

US52469L8845

CUSIP

52469L884

Issuer

Franklin Templeton Investments

Inception Date

Nov 27, 1988

Category

Municipal Bonds

Min. Investment

$1,000

Asset Class

Bond

Expense Ratio

SBLTX has an expense ratio of 0.61%, placing it in the medium range.

Share Price Chart

Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Western Asset Intermediate-Term Municipals Fund

Performance

Performance Chart

Loading data...

S&P 500

Returns By Period

Western Asset Intermediate-Term Municipals Fund (SBLTX) returned -0.96% year-to-date (YTD) and 2.14% over the past 12 months. Over the past 10 years, SBLTX returned 1.77% annually, underperforming the S&P 500 benchmark at 10.84%.

SBLTX

YTD

-0.96%

1M

0.27%

6M

-1.74%

1Y

2.14%

3Y*

1.91%

5Y*

1.41%

10Y*

1.77%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of SBLTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.44%1.07%-1.55%-0.57%-0.34%-0.96%
2024-0.08%0.07%0.25%-1.08%0.11%1.41%0.93%0.61%0.89%-1.36%1.42%-1.21%1.92%
20232.75%-1.92%1.78%0.05%-0.59%0.59%0.23%-0.92%-2.11%-1.13%4.99%2.29%5.92%
2022-2.15%-0.64%-2.51%-2.10%0.83%-1.31%2.02%-1.60%-3.12%-0.64%3.70%-0.08%-7.54%
20210.94%-1.35%0.65%1.11%0.47%0.47%0.63%-0.29%-0.90%-0.14%0.61%0.16%2.37%
20201.92%0.95%-5.85%-1.87%3.19%1.65%1.80%0.04%-0.27%-0.26%1.76%1.14%3.96%
20190.58%0.56%1.07%0.41%1.22%0.41%0.55%1.50%-0.70%-0.27%0.24%0.22%5.94%
2018-0.83%-0.39%0.25%-0.21%0.90%-0.06%0.25%0.28%-0.54%-0.51%0.78%0.75%0.66%
20170.28%0.57%0.28%0.58%1.20%-0.20%0.58%0.74%-0.34%0.11%-0.35%0.76%4.26%
20161.04%0.11%0.27%0.56%0.26%1.30%-0.04%0.10%-0.36%-0.80%-3.25%0.74%-0.14%
20151.16%-0.66%0.26%-0.35%-0.20%-0.04%0.41%-0.04%0.57%0.43%0.26%0.43%2.23%
20141.55%1.04%0.14%0.89%1.06%0.11%0.26%1.03%0.09%0.56%0.09%0.41%7.47%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of SBLTX is 29, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of SBLTX is 2929
Overall Rank
The Sharpe Ratio Rank of SBLTX is 3131
Sharpe Ratio Rank
The Sortino Ratio Rank of SBLTX is 2424
Sortino Ratio Rank
The Omega Ratio Rank of SBLTX is 2727
Omega Ratio Rank
The Calmar Ratio Rank of SBLTX is 3535
Calmar Ratio Rank
The Martin Ratio Rank of SBLTX is 2929
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Western Asset Intermediate-Term Municipals Fund (SBLTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Western Asset Intermediate-Term Municipals Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.44
  • 5-Year: 0.43
  • 10-Year: 0.49
  • All Time: 1.39

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Western Asset Intermediate-Term Municipals Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Western Asset Intermediate-Term Municipals Fund provided a 3.23% dividend yield over the last twelve months, with an annual payout of $0.19 per share. The fund has been increasing its distributions for 3 consecutive years.

2.00%2.20%2.40%2.60%2.80%3.00%3.20%$0.00$0.05$0.10$0.15$0.2020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.19$0.19$0.18$0.14$0.14$0.16$0.19$0.20$0.21$0.20$0.21$0.21

Dividend yield

3.23%3.12%2.87%2.31%2.06%2.43%2.91%3.16%3.22%3.21%3.12%3.17%

Monthly Dividends

The table displays the monthly dividend distributions for Western Asset Intermediate-Term Municipals Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.02$0.02$0.02$0.02$0.00$0.06
2024$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.19
2023$0.01$0.01$0.02$0.01$0.02$0.02$0.02$0.02$0.01$0.02$0.02$0.02$0.18
2022$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.14
2021$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.14
2020$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.16
2019$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.19
2018$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.20
2017$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.21
2016$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.20
2015$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.21
2014$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.21

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

Loading data...

Worst Drawdowns

The table below displays the maximum drawdowns of the Western Asset Intermediate-Term Municipals Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Western Asset Intermediate-Term Municipals Fund was 12.26%, occurring on Mar 20, 2020. Recovery took 177 trading sessions.

The current Western Asset Intermediate-Term Municipals Fund drawdown is 2.44%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-12.26%Mar 3, 202014Mar 20, 2020177Dec 1, 2020191
-11.62%Aug 6, 2021307Oct 24, 2022469Sep 6, 2024776
-9.99%Sep 12, 200867Dec 16, 200897May 7, 2009164
-7.19%Oct 15, 201064Jan 14, 2011124Jul 14, 2011188
-7.01%May 6, 201388Sep 9, 2013225Jul 31, 2014313
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading data...