Fixed Income

SICYX Western Asset Intermediate Maturity California Municipals Fund

Overview

Fund Facts

Fund description

Strives to provide California investors with high monthly income exempt from regular federal income taxes and California state personal income taxes. Focus is around ongoing sector rotation and issuer selection primarily within intermediate-term investment grade municipal securities. Utilizes a time-tested, value-oriented investment process led by a deep and experienced team of municipal bond specialists.

Benchmark: Bloomberg California Municipal Intermediate Index
Fund Inception Date: 12/31/1991
Dividend Frequency, if any: Monthly
Distribution Rate at NAVAs of 06/10/2026 (Updated Daily): 3.23%
30-Day SEC Yield—With WaiverAs of 05/31/2026 (Updated Monthly): 3.49%
30-Day SEC Yield—Without WaiverAs of 05/31/2026 (Updated Monthly): 3.17%
Taxable Equivalent Yield—With WaiverAs of 05/31/2026 (Updated Monthly): 5.90%
Taxable Equivalent Yield—Without WaiverAs of 05/31/2026 (Updated Monthly): 5.90%

Sales Charges, Expenses & Fees

As of 04/01/2026

Gross Expense Ratio: 0.93%
Net Expense Ratio: 0.66%
Maximum Initial Charge: —
CDSC: N/A
12b-1 Fee: 0.00%

Identifiers

Ticker: SICYX
Fund Number: 7496
CUSIP Code: 52469F242

Top Sectors

View portfolio section for additional info

As of 05/31/2026 % of Total (Updated Monthly)

Top Sectors
Industrial Revenue30.73%
Transportation19.65%
Education9.40%
Water & Sewer8.81%
Leasing8.38%

Additional Fund Info

Share Class Inception Date: 09/08/1995
Investment Style: Municipals
Lipper Classification: California Intermediate Municipal Debt Funds
Morningstar Category: Muni California Intermediate

Manager and Commentary

About the Team

Western Asset

Western Asset Management is one of the world's leading global fixed income managers. Founded in 1971, the firm is known for team management and proprietary research, supported by robust risk management and a long-term fundamental value approach.