Western Asset Intermediate Muni Fund Inc. Overview
Pro stress-test →Western Asset Intermediate Muni Fund Inc. is a closed-end fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC, co-managed by Western Asset Management Company, and invests primarily in investment grade municipal securities. The Fund's investment objective is to provide common shareholders a high level of current income exempt from regular federal income taxes consistent with prudent investing.
Strategic Profile
Pro stress-test →Under normal market conditions, the Fund invests at least 80% of its total assets in municipal obligations, and at least 80% in debt securities that are rated investment grade or equivalent quality. The fund benchmarks the performance of its portfolio against the Barclays Capital 1-15 Year Municipal Bond Index.
Competitive Landscape
Pro stress-test →Western Asset Intermediate Muni Fund competes within the closed-end municipal bond fund space against other Legg Mason/Franklin Templeton funds, as well as similar offerings from BlackRock, Invesco, and other major asset managers. Differentiation is driven by sector positioning, duration management within intermediate maturity space, and active security selection.
Industry Context
Western Asset Intermediate Muni Fund Inc. operates in Tax-exempt municipal bond funds.
Key facts
Founded: 1991 · Headquarters: Baltimore, MD · Revenue: $7.07M (FY2025) · Market cap: N/A