WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| MUNICIPAL BONDS - 133.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Alabama - 0.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Alabama State Corrections Institution Finance Authority Revenue, Series A |
|
|
5.000 |
% |
|
|
7/1/42 |
|
|
$ |
750,000 |
|
|
$ |
794,382 |
|
| Black Belt Energy Gas District, AL, Gas Project Revenue Bonds, Series D-1,
Refunding |
|
|
5.500 |
% |
|
|
2/1/29 |
|
|
|
200,000 |
|
|
|
208,745 |
(a)(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Alabama |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,003,127 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Alaska - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Alaska State Housing Finance Corp. Revenue, State Capital Project, Series B |
|
|
4.000 |
% |
|
|
12/1/36 |
|
|
|
250,000 |
|
|
|
249,840 |
|
| Northern Tobacco Securitization Corp., AK, Tobacco Settlement Revenue, Asset Backed Senior Bonds, Class 1, Series
A, Refunding |
|
|
4.000 |
% |
|
|
6/1/39 |
|
|
|
500,000 |
|
|
|
480,764 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Alaska |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
730,604 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Arizona - 3.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Arizona State IDA, Education Revenue, Lincoln South Beltway Project |
|
|
5.000 |
% |
|
|
2/1/25 |
|
|
|
500,000 |
|
|
|
511,201 |
|
| Chandler, AZ, IDA Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Intel Corp. Project |
|
|
5.000 |
% |
|
|
6/3/24 |
|
|
|
1,000,000 |
|
|
|
1,003,854 |
(a)(c)(d) |
| Intel Corp. Project |
|
|
5.000 |
% |
|
|
9/1/27 |
|
|
|
500,000 |
|
|
|
514,744 |
(a)(c)(d) |
| Intel Corp. Project |
|
|
3.800 |
% |
|
|
6/15/28 |
|
|
|
500,000 |
|
|
|
499,409 |
(a)(c) |
| Intel Corp. Project |
|
|
4.100 |
% |
|
|
6/15/28 |
|
|
|
250,000 |
|
|
|
249,276 |
(a)(c)(d) |
| La Paz County, AZ, IDA, Lease Revenue, Charter School Solutions Harmony Public Schools Project |
|
|
5.000 |
% |
|
|
2/15/38 |
|
|
|
500,000 |
|
|
|
491,657 |
|
| Navajo Nation, AZ, Revenue, Series A, Refunding |
|
|
5.000 |
% |
|
|
12/1/25 |
|
|
|
250,000 |
|
|
|
252,911 |
(e) |
| Phoenix, AZ, Civic Improvement Corp., Airport Revenue, Junior Lien, Refunding |
|
|
5.000 |
% |
|
|
7/1/27 |
|
|
|
1,000,000 |
|
|
|
1,013,415 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Arizona |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,536,467 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Arkansas - 0.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Arkansas State Development Finance Authority, Environmental Improvement Revenue, United States Steel Corporation
Project, Green Bonds |
|
|
5.700 |
% |
|
|
5/1/53 |
|
|
|
350,000 |
|
|
|
351,477 |
(d) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| California - 14.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Alameda, CA, Corridor Transportation Authority Revenue, Second Subordinated Lien, Series B, Refunding |
|
|
5.000 |
% |
|
|
10/1/34 |
|
|
|
500,000 |
|
|
|
511,904 |
|
| Anaheim, CA, Public Financing Authority Lease, Series A, Refunding |
|
|
5.000 |
% |
|
|
5/1/26 |
|
|
|
2,000,000 |
|
|
|
2,025,433 |
(f) |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
1 |
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| California - continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bay Area Toll Authority, CA, Toll Bridge Revenue, San Francisco Bay Area, Series
B-1 (SIFMA Municipal Swap Index Yield + 1.100%) |
|
|
5.160 |
% |
|
|
4/1/24 |
|
|
$ |
2,000,000 |
|
|
$ |
2,000,887 |
(a)(c) |
| California State Community Choice Financing Authority Revenue, Clean Energy Project, Green Bonds, Series B-1 |
|
|
5.000 |
% |
|
|
8/1/29 |
|
|
|
600,000 |
|
|
|
623,885 |
(a)(c) |
| California State MFA Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Lien, LINXS APM Project, Series A |
|
|
5.000 |
% |
|
|
12/31/34 |
|
|
|
350,000 |
|
|
|
360,988 |
(d) |
| Senior Lien, LINXS APM Project, Series A |
|
|
5.000 |
% |
|
|
12/31/43 |
|
|
|
400,000 |
|
|
|
400,219 |
(d) |
| California State MFA Special Facility Revenue, United Airlines, Inc., Los Angeles International Airport
Project |
|
|
4.000 |
% |
|
|
7/15/29 |
|
|
|
250,000 |
|
|
|
246,905 |
(d) |
| California State PCFA Water Furnishing Revenue, Poseidon Resources |
|
|
5.000 |
% |
|
|
7/1/27 |
|
|
|
1,250,000 |
|
|
|
1,254,238 |
(d)(e) |
| California State, GO, Various Purpose |
|
|
5.000 |
% |
|
|
3/1/35 |
|
|
|
500,000 |
|
|
|
558,418 |
|
| California Statewide CDA Revenue, Provident Group-Pomona Properties LLC, Series A |
|
|
5.600 |
% |
|
|
1/15/36 |
|
|
|
555,000 |
|
|
|
547,180 |
(e) |
| Los Angeles, CA, Department of Airports Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subordinated, Los Angeles International Airport, Series C, Refunding |
|
|
4.000 |
% |
|
|
5/15/35 |
|
|
|
700,000 |
|
|
|
701,282 |
(d) |
| Subordinated, Los Angeles International Airport, Series D |
|
|
5.000 |
% |
|
|
5/15/36 |
|
|
|
1,200,000 |
|
|
|
1,257,038 |
(d) |
| Los Angeles, CA, Department of Water & Power, Power System Revenue, Series C |
|
|
5.000 |
% |
|
|
7/1/37 |
|
|
|
750,000 |
|
|
|
798,341 |
|
| M-S-R Energy Authority, CA, Natural Gas
Revenue, Series B |
|
|
6.125 |
% |
|
|
11/1/29 |
|
|
|
2,675,000 |
|
|
|
2,843,750 |
|
| Northern California Energy Authority, Commodity Supply Revenue, Series A |
|
|
4.000 |
% |
|
|
7/1/24 |
|
|
|
500,000 |
|
|
|
499,269 |
(a)(c) |
| River Islands, CA, Public Financing Authority, Special Tax Revenue, Community Facilities District No 2003-1 |
|
|
5.500 |
% |
|
|
9/1/37 |
|
|
|
350,000 |
|
|
|
345,404 |
|
| Riverside, CA, Electric Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series A, Refunding |
|
|
5.000 |
% |
|
|
10/1/36 |
|
|
|
750,000 |
|
|
|
821,582 |
|
| Series A, Refunding |
|
|
5.000 |
% |
|
|
10/1/43 |
|
|
|
250,000 |
|
|
|
266,500 |
|
| Riverside, CA, Sewer Revenue, Series A, Refunding |
|
|
5.000 |
% |
|
|
8/1/35 |
|
|
|
750,000 |
|
|
|
818,527 |
|
| San Bernardino, CA, USD Revenue, COP, School Financing Project, AGM |
|
|
5.000 |
% |
|
|
10/1/35 |
|
|
|
250,000 |
|
|
|
271,290 |
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
2 |
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| California - continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| San Francisco, CA, City & County Airport Commission, International Airport Revenue, SFO Fuel Co. LLC, Series
A, Refunding |
|
|
5.000 |
% |
|
|
1/1/33 |
|
|
$ |
645,000 |
|
|
$ |
688,541 |
(d) |
| Sanger, CA, USD Revenue, COP, Capital Projects, Refunding, AGM |
|
|
5.000 |
% |
|
|
6/1/49 |
|
|
|
250,000 |
|
|
|
254,896 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total California |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,096,477 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Colorado - 1.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Base Village Metropolitan District No 2, CO, GO, Series A, Refunding |
|
|
5.500 |
% |
|
|
12/1/36 |
|
|
|
500,000 |
|
|
|
501,258 |
|
| Colorado State Health Facilities Authority Revenue, Commonspirit Health Initiatives, Series B-2 |
|
|
5.000 |
% |
|
|
8/1/26 |
|
|
|
250,000 |
|
|
|
256,028 |
(a)(c) |
| Denver, CO, City & County Special Facility Apartment Revenue, United Airlines Inc. Project, Refunding |
|
|
5.000 |
% |
|
|
10/1/32 |
|
|
|
100,000 |
|
|
|
99,420 |
(d) |
| Public Authority for Colorado Energy, Natural Gas Purchase Revenue, Series 2008 |
|
|
6.125 |
% |
|
|
11/15/23 |
|
|
|
940,000 |
|
|
|
943,541 |
|
| Vauxmont Metropolitan District, CO, GO, Subordinate Limited Tax, Series 2019, Refunding, AGM |
|
|
5.000 |
% |
|
|
12/15/28 |
|
|
|
125,000 |
|
|
|
131,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Colorado |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,931,390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Connecticut - 2.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Connecticut State HEFA Revenue, Sacred Heart University Issue, Series I-1,
Refunding |
|
|
5.000 |
% |
|
|
7/1/36 |
|
|
|
250,000 |
|
|
|
259,394 |
|
| Connecticut State Special Tax Revenue, Transportation Infrastructure, Series A |
|
|
5.000 |
% |
|
|
1/1/37 |
|
|
|
500,000 |
|
|
|
528,075 |
|
| Connecticut State, GO: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series A |
|
|
5.000 |
% |
|
|
4/15/39 |
|
|
|
1,290,000 |
|
|
|
1,365,120 |
|
| Series C |
|
|
4.000 |
% |
|
|
6/1/38 |
|
|
|
250,000 |
|
|
|
250,528 |
|
| Series E |
|
|
5.000 |
% |
|
|
10/15/34 |
|
|
|
210,000 |
|
|
|
219,250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Connecticut |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,622,367 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Florida - 7.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Broward County, FL, Airport System Revenue, Series 2017 |
|
|
5.000 |
% |
|
|
10/1/36 |
|
|
|
250,000 |
|
|
|
257,782 |
(d) |
| Broward County, FL, Port Facilities Revenue, Series 2022 |
|
|
5.000 |
% |
|
|
9/1/37 |
|
|
|
450,000 |
|
|
|
477,176 |
(d) |
| Florida State Development Finance Corp., Educational Facilities Revenue, Renaissance Charter School Inc. Projects,
Series A |
|
|
6.000 |
% |
|
|
6/15/35 |
|
|
|
150,000 |
|
|
|
150,735 |
(e) |
| Florida State Insurance Assistance Interlocal Agency Inc. Revenue,
Series A-1 |
|
|
5.000 |
% |
|
|
9/1/26 |
|
|
|
1,100,000 |
|
|
|
1,136,810 |
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
3 |
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| Florida - continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Florida State Mid-Bay Bridge Authority Revenue, Series A, Refunding |
|
|
5.000 |
% |
|
|
10/1/27 |
|
|
$ |
545,000 |
|
|
$ |
553,033 |
|
| Hillsborough County, FL, Aviation Authority Revenue, Tampa International Airport, Series E |
|
|
5.000 |
% |
|
|
10/1/43 |
|
|
|
250,000 |
|
|
|
255,657 |
(d) |
| Miami-Dade County, FL, Aviation Revenue, Series A, Refunding |
|
|
4.000 |
% |
|
|
10/1/36 |
|
|
|
1,000,000 |
|
|
|
995,923 |
|
| Miami-Dade County, FL, Expressway Authority Toll System Revenue, Series B, Refunding |
|
|
5.000 |
% |
|
|
7/1/26 |
|
|
|
1,500,000 |
|
|
|
1,513,668 |
|
| Miami-Dade County, FL, Health Facilities Authority Hospital Revenue, Nicklaus Children’s Hospital,
Refunding |
|
|
5.000 |
% |
|
|
8/1/36 |
|
|
|
250,000 |
|
|
|
257,722 |
|
| Miami-Dade County, FL, Seaport Revenue, Senior Bonds, Series A, Refunding |
|
|
5.000 |
% |
|
|
10/1/47 |
|
|
|
1,000,000 |
|
|
|
1,016,804 |
(d) |
| Orange County, FL, Health Facilities Authority Revenue, Orlando Health Obligated Group, Series A |
|
|
5.000 |
% |
|
|
10/1/42 |
|
|
|
250,000 |
|
|
|
261,366 |
|
| Palm Beach County, FL, Health Facilities Authority Revenue, Toby & Leon Cooperman Sinai Residences of Boca
Raton Expansion, Series 2022, Refunding |
|
|
4.000 |
% |
|
|
6/1/31 |
|
|
|
150,000 |
|
|
|
138,101 |
|
| Pasco County, FL, Capital Improvement, Cigarette Tax Allocation Bonds, H. Lee Moffitt Cancer Center Project, Series A,
AGM |
|
|
5.750 |
% |
|
|
9/1/54 |
|
|
|
1,825,000 |
|
|
|
2,011,398 |
|
| Tampa, FL, Hospital Revenue, H. Lee Moffit Cancer Center Project, Series B |
|
|
5.000 |
% |
|
|
7/1/40 |
|
|
|
250,000 |
|
|
|
256,989 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Florida |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,283,164 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Georgia - 1.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Georgia State Municipal Electric Authority, Power Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Plant Vogtle Units 3&4, Project M, Series A |
|
|
5.250 |
% |
|
|
7/1/64 |
|
|
|
200,000 |
|
|
|
206,832 |
|
| Plant Vogtle Units 3&4, Project P, Series A |
|
|
5.500 |
% |
|
|
7/1/64 |
|
|
|
200,000 |
|
|
|
207,358 |
|
| Series A, Refunding |
|
|
5.000 |
% |
|
|
1/1/37 |
|
|
|
250,000 |
|
|
|
266,622 |
|
| Main Street Natural Gas Inc., GA, Gas Project Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series A |
|
|
5.000 |
% |
|
|
5/15/33 |
|
|
|
250,000 |
|
|
|
253,484 |
|
| Series C |
|
|
5.000 |
% |
|
|
9/1/30 |
|
|
|
300,000 |
|
|
|
311,603 |
(a)(c) |
| Private Colleges & Universities Authority, GA, Revenue, Savannah College of Art & Design Inc.
Project |
|
|
5.000 |
% |
|
|
4/1/28 |
|
|
|
500,000 |
|
|
|
504,906 |
(f) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Georgia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,750,805 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
4 |
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| Guam - 0.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Guam Government, Business Privilege Tax Revenue, Series F, Refunding |
|
|
4.000 |
% |
|
|
1/1/36 |
|
|
$ |
200,000 |
|
|
$ |
187,835 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Illinois - 20.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Chicago, IL, Board of Education, Dedicated Capital Improvement, Special Tax Revenue, Series 2018 |
|
|
5.000 |
% |
|
|
4/1/38 |
|
|
|
500,000 |
|
|
|
510,287 |
|
| Chicago, IL, Board of Education, GO: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dedicated, Series A |
|
|
5.000 |
% |
|
|
12/1/43 |
|
|
|
1,000,000 |
|
|
|
999,923 |
|
| Dedicated, Series G, Refunding |
|
|
5.000 |
% |
|
|
12/1/34 |
|
|
|
270,000 |
|
|
|
275,123 |
|
| Series C, Refunding |
|
|
5.000 |
% |
|
|
12/1/24 |
|
|
|
250,000 |
|
|
|
252,374 |
|
| Series D |
|
|
5.000 |
% |
|
|
12/1/46 |
|
|
|
1,500,000 |
|
|
|
1,461,720 |
|
| Chicago, IL, GO: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Chicago Works, Series A |
|
|
5.500 |
% |
|
|
1/1/39 |
|
|
|
250,000 |
|
|
|
269,983 |
|
| Series A |
|
|
5.000 |
% |
|
|
1/1/40 |
|
|
|
610,000 |
|
|
|
621,203 |
|
| Series A, Refunding |
|
|
5.625 |
% |
|
|
1/1/29 |
|
|
|
500,000 |
|
|
|
528,740 |
|
| Series C, Refunding |
|
|
5.000 |
% |
|
|
1/1/25 |
|
|
|
500,000 |
|
|
|
506,184 |
|
| Chicago, IL, Metropolitan Water Reclamation District Greater Chicago, GO, Green Bond, Series B |
|
|
5.000 |
% |
|
|
12/1/29 |
|
|
|
850,000 |
|
|
|
866,604 |
(f) |
| Chicago, IL, O’Hare International Airport Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Lien, Series D |
|
|
5.250 |
% |
|
|
1/1/36 |
|
|
|
500,000 |
|
|
|
523,616 |
|
| Senior Lien, Series D |
|
|
5.250 |
% |
|
|
1/1/37 |
|
|
|
400,000 |
|
|
|
417,098 |
|
| Series A, Refunding |
|
|
5.000 |
% |
|
|
1/1/31 |
|
|
|
1,750,000 |
|
|
|
1,764,070 |
(d) |
| Series C, Refunding |
|
|
5.000 |
% |
|
|
1/1/43 |
|
|
|
600,000 |
|
|
|
617,012 |
(d) |
| Chicago, IL, Transit Authority, Sales Tax Receipts Revenue, Second Lien, Series A, Refunding |
|
|
5.000 |
% |
|
|
12/1/45 |
|
|
|
550,000 |
|
|
|
567,419 |
|
| Chicago, IL, Wastewater Transmission Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Second Lien, Series A, AGM |
|
|
5.250 |
% |
|
|
1/1/58 |
|
|
|
500,000 |
|
|
|
531,910 |
|
| Second Lien, Series A, Refunding |
|
|
5.000 |
% |
|
|
1/1/47 |
|
|
|
300,000 |
|
|
|
302,800 |
|
| Second Lien, Series B, Refunding |
|
|
5.000 |
% |
|
|
1/1/36 |
|
|
|
600,000 |
|
|
|
614,075 |
|
| Chicago, IL, Waterworks Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Second Lien, Series 2017, Refunding |
|
|
5.000 |
% |
|
|
11/1/29 |
|
|
|
500,000 |
|
|
|
527,647 |
|
| Second Lien, Series 2017-2, Refunding, AGM |
|
|
5.000 |
% |
|
|
11/1/32 |
|
|
|
630,000 |
|
|
|
661,589 |
|
| Cook County, IL, Sales Tax Revenue, Series A, Refunding |
|
|
5.000 |
% |
|
|
11/15/38 |
|
|
|
315,000 |
|
|
|
331,471 |
|
| Illinois State Finance Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NorthShore University HealthSystem, Refunding, Series A |
|
|
5.000 |
% |
|
|
8/15/33 |
|
|
|
250,000 |
|
|
|
276,382 |
|
| Southern Illinois Healthcare Enterprises Inc., Refunding |
|
|
5.000 |
% |
|
|
3/1/34 |
|
|
|
500,000 |
|
|
|
515,373 |
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
5 |
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| Illinois - continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Illinois State Sports Facilities Authority Revenue, State Tax Supported, Refunding, AGM |
|
|
5.250 |
% |
|
|
6/15/30 |
|
|
$ |
3,000,000 |
|
|
$ |
3,027,841 |
|
| Illinois State University, Auxiliary Facilities System Revenue, Series A, Refunding, AGM |
|
|
5.000 |
% |
|
|
4/1/28 |
|
|
|
100,000 |
|
|
|
106,757 |
|
| Illinois State, GO: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series 2016, Refunding |
|
|
5.000 |
% |
|
|
2/1/29 |
|
|
|
500,000 |
|
|
|
521,071 |
|
| Series A |
|
|
5.000 |
% |
|
|
3/1/35 |
|
|
|
400,000 |
|
|
|
427,975 |
|
| Series A |
|
|
5.000 |
% |
|
|
5/1/36 |
|
|
|
770,000 |
|
|
|
798,674 |
|
| Series A |
|
|
5.000 |
% |
|
|
5/1/39 |
|
|
|
300,000 |
|
|
|
307,078 |
|
| Series A, Refunding |
|
|
5.000 |
% |
|
|
10/1/29 |
|
|
|
1,300,000 |
|
|
|
1,383,969 |
|
| Series B, Refunding |
|
|
5.000 |
% |
|
|
9/1/27 |
|
|
|
600,000 |
|
|
|
630,352 |
|
| Series D |
|
|
5.000 |
% |
|
|
11/1/27 |
|
|
|
300,000 |
|
|
|
315,818 |
|
| Metropolitan Pier & Exposition Authority, IL, Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| McCormick Place Expansion Project, Series A, Refunding |
|
|
4.000 |
% |
|
|
12/15/42 |
|
|
|
600,000 |
|
|
|
551,394 |
|
| McCormick Place Expansion Project, Series A, Refunding |
|
|
5.000 |
% |
|
|
6/15/50 |
|
|
|
1,200,000 |
|
|
|
1,203,654 |
|
| McCormick Place Expansion Project, Series B, Refunding |
|
|
5.000 |
% |
|
|
12/15/31 |
|
|
|
250,000 |
|
|
|
260,844 |
|
| McCormick Place Expansion Project, Series B, Refunding |
|
|
5.000 |
% |
|
|
6/15/42 |
|
|
|
500,000 |
|
|
|
510,978 |
|
| Regional Transportation Authority, IL, GO, Series A, Refunding, NATL |
|
|
6.000 |
% |
|
|
7/1/29 |
|
|
|
1,020,000 |
|
|
|
1,132,684 |
|
| Sales Tax Securitization Corp., IL, Revenue, Series A, Refunding |
|
|
5.000 |
% |
|
|
1/1/28 |
|
|
|
250,000 |
|
|
|
265,325 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Illinois |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,387,017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Indiana - 5.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hammond, IN, Multi-School Building Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| First Mortgage Bond, State Intercept Program |
|
|
5.000 |
% |
|
|
7/15/34 |
|
|
|
750,000 |
|
|
|
787,822 |
|
| First Mortgage Bond, State Intercept Program |
|
|
5.000 |
% |
|
|
7/15/35 |
|
|
|
1,035,000 |
|
|
|
1,081,608 |
|
| Indiana State Finance Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Marion General Hospital, Series A |
|
|
4.000 |
% |
|
|
7/1/45 |
|
|
|
250,000 |
|
|
|
222,803 |
|
| Midwestern Disaster Relief, Ohio Valley Electric Corp. Project, Series A |
|
|
4.250 |
% |
|
|
11/1/30 |
|
|
|
200,000 |
|
|
|
199,681 |
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
6 |
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| Indiana - continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Indianapolis, IN, Department of Public Utilities Gas Utility Revenue, Second Lien, Series A, Refunding |
|
|
5.250 |
% |
|
|
8/15/29 |
|
|
$ |
4,000,000 |
|
|
$ |
4,005,474 |
|
| Valparaiso, IN, Exempt Facility Revenue, Pratt Paper LLC Project |
|
|
5.875 |
% |
|
|
1/1/24 |
|
|
|
95,000 |
|
|
|
95,766 |
(d) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Indiana |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,393,154 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Iowa - 1.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Iowa State Finance Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Midwestern Disaster Area, Iowa Fertilizer Co. Project, Refunding |
|
|
5.000 |
% |
|
|
12/1/42 |
|
|
|
750,000 |
|
|
|
754,344 |
(a)(c) |
| Midwestern Disaster Area, Iowa Fertilizer Co. Project, Refunding |
|
|
5.000 |
% |
|
|
12/1/50 |
|
|
|
500,000 |
|
|
|
494,823 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Iowa |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,249,167 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Kentucky - 2.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Kentucky State PEA, Gas Supply Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series A |
|
|
4.000 |
% |
|
|
6/1/26 |
|
|
|
1,200,000 |
|
|
|
1,189,763 |
(a)(c) |
| Series C |
|
|
4.000 |
% |
|
|
6/1/25 |
|
|
|
1,600,000 |
|
|
|
1,601,072 |
(a)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Kentucky |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,790,835 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Louisiana - 5.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Lafayette Parish, LA, School Board Sales Tax Revenue, Series 2023 |
|
|
4.000 |
% |
|
|
4/1/48 |
|
|
|
500,000 |
|
|
|
473,697 |
|
| New Orleans, LA, Aviation Board, General Airport Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series B |
|
|
5.000 |
% |
|
|
1/1/29 |
|
|
|
2,000,000 |
|
|
|
2,019,262 |
(d) |
| Series B |
|
|
5.000 |
% |
|
|
1/1/30 |
|
|
|
2,000,000 |
|
|
|
2,018,250 |
(d) |
| Port New Orleans, LA, Board of Commissioners, Revenue, Series B, Refunding, AGM |
|
|
5.000 |
% |
|
|
4/1/38 |
|
|
|
1,625,000 |
|
|
|
1,646,620 |
(d) |
| St. John the Baptist Parish, LA, State Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Marathon Oil Corp. Project, Series B-1, Refunding |
|
|
2.125 |
% |
|
|
7/1/24 |
|
|
|
400,000 |
|
|
|
393,035 |
(a)(c) |
| Marathon Oil Corp. Project, Series B-2, Refunding |
|
|
2.375 |
% |
|
|
7/1/26 |
|
|
|
300,000 |
|
|
|
284,032 |
(a)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Louisiana |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,834,896 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maryland - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maryland State EDC, Senior Student Housing Revenue, Morgan State University Project |
|
|
4.000 |
% |
|
|
7/1/40 |
|
|
|
500,000 |
|
|
|
471,251 |
|
| Maryland State Stadium Authority, Built to Learn Revenue, Series 2021 |
|
|
4.000 |
% |
|
|
6/1/46 |
|
|
|
250,000 |
|
|
|
239,771 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Maryland |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
711,022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
7 |
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| Massachusetts - 3.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Massachusetts State Department of Transportation, Metropolitan Highway System Revenue, Series B-1, Refunding |
|
|
5.000 |
% |
|
|
1/1/35 |
|
|
$ |
350,000 |
|
|
$ |
384,166 |
|
| Massachusetts State DFA Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Boston Medical Center, Series G, Refunding |
|
|
5.250 |
% |
|
|
7/1/48 |
|
|
|
500,000 |
|
|
|
515,848 |
|
| Mass General Brigham Issue, Series A-1 |
|
|
5.000 |
% |
|
|
1/31/30 |
|
|
|
1,000,000 |
|
|
|
1,107,335 |
(a)(c) |
| Northeastern University Issue, Series 2022, Refunding |
|
|
5.000 |
% |
|
|
10/1/42 |
|
|
|
605,000 |
|
|
|
657,249 |
|
| Partners Healthcare System, Refunding |
|
|
5.000 |
% |
|
|
7/1/37 |
|
|
|
250,000 |
|
|
|
263,125 |
|
| UMass Boston Student Housing Project |
|
|
5.000 |
% |
|
|
10/1/28 |
|
|
|
200,000 |
|
|
|
204,271 |
|
| Massachusetts State Port Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series A, Refunding |
|
|
5.000 |
% |
|
|
7/1/36 |
|
|
|
500,000 |
|
|
|
529,043 |
(d) |
| Series E |
|
|
5.000 |
% |
|
|
7/1/46 |
|
|
|
500,000 |
|
|
|
516,867 |
(d) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Massachusetts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,177,904 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Michigan - 2.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Detroit, MI, Downtown Development Authority, Tax Increment Revenue, Series A, Refunding, AGM |
|
|
5.000 |
% |
|
|
7/1/38 |
|
|
|
250,000 |
|
|
|
250,528 |
|
| Great Lakes, MI, Water Authority, Water Supply System Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Lien, Series C, Refunding |
|
|
5.000 |
% |
|
|
7/1/33 |
|
|
|
800,000 |
|
|
|
831,159 |
|
| Senior Lien, Series C, Refunding |
|
|
5.000 |
% |
|
|
7/1/35 |
|
|
|
350,000 |
|
|
|
364,160 |
|
| Michigan State Finance Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hospital Revenue, Trinity Health Credit Group, Series A, Refunding |
|
|
5.000 |
% |
|
|
12/1/42 |
|
|
|
250,000 |
|
|
|
255,349 |
|
| Local Government Loan Program, Detroit, MI, Water & Sewer Department, Second Lien Local Project, Series C,
Refunding |
|
|
5.000 |
% |
|
|
7/1/33 |
|
|
|
275,000 |
|
|
|
281,077 |
|
| Local Government Loan Program, Detroit, MI, Water & Sewer Department, Series D2, Refunding, AGM |
|
|
5.000 |
% |
|
|
7/1/24 |
|
|
|
1,000,000 |
|
|
|
1,009,679 |
|
| Tobacco Settlement Asset-Backed, Series A-1, Refunding |
|
|
4.000 |
% |
|
|
6/1/39 |
|
|
|
150,000 |
|
|
|
144,299 |
|
| Michigan State Strategic Fund Limited Obligation Revenue, I-75 Improvement
Project |
|
|
5.000 |
% |
|
|
12/31/43 |
|
|
|
300,000 |
|
|
|
301,434 |
(d) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Michigan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,437,685 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Missouri - 1.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Kansas City, MO, IDA, Airport System Revenue, Kansas City International Airport Terminal Modernization Project, Series
B |
|
|
5.000 |
% |
|
|
3/1/35 |
|
|
|
750,000 |
|
|
|
792,507 |
(d) |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
8 |
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| Missouri - continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Missouri State Health Senior Living Facilities Revenue, Lutheran Senior Services Projects, Series A |
|
|
5.000 |
% |
|
|
2/1/34 |
|
|
$ |
150,000 |
|
|
$ |
150,345 |
|
| St. Louis County, MO, IDA, Senior Living Facilities Revenue, Friendship Village, St. Louis Obligated Group, Series
A |
|
|
5.000 |
% |
|
|
9/1/38 |
|
|
|
300,000 |
|
|
|
278,166 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Missouri |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,221,018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Nebraska - 0.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Central Plains, NE, Energy Project, Gas Project Revenue, Project No 3, Series A, Refunding |
|
|
5.000 |
% |
|
|
9/1/37 |
|
|
|
500,000 |
|
|
|
507,711 |
|
| Omaha, NE, Public Power District, Electric System Revenue, Series B, Refunding |
|
|
4.000 |
% |
|
|
2/1/46 |
|
|
|
500,000 |
|
|
|
473,921 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Nebraska |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
981,632 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| New Jersey - 7.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Casino Reinvestment Development Authority, NJ, Luxury Tax Revenue, Refunding, AGM |
|
|
5.000 |
% |
|
|
11/1/28 |
|
|
|
1,000,000 |
|
|
|
1,018,334 |
|
| New Jersey State EDA Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| School Facilities Construction, Series QQQ |
|
|
5.000 |
% |
|
|
6/15/31 |
|
|
|
500,000 |
|
|
|
549,915 |
|
| Special Facility, Port Newark Container Terminal LLC Project, Refunding |
|
|
5.000 |
% |
|
|
10/1/37 |
|
|
|
150,000 |
|
|
|
153,486 |
(d) |
| Transit Transportation Project, Series A |
|
|
5.000 |
% |
|
|
11/1/32 |
|
|
|
750,000 |
|
|
|
812,111 |
|
| New Jersey State Transportation Trust Fund Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Transportation Program, Series AA |
|
|
5.000 |
% |
|
|
6/15/36 |
|
|
|
1,000,000 |
|
|
|
1,078,314 |
|
| Transportation Program, Series CC |
|
|
5.000 |
% |
|
|
6/15/40 |
|
|
|
2,000,000 |
|
|
|
2,136,407 |
|
| Transportation System, Series A, Refunding |
|
|
5.000 |
% |
|
|
12/15/25 |
|
|
|
425,000 |
|
|
|
438,746 |
|
| Transportation System, Series A, Refunding |
|
|
5.000 |
% |
|
|
12/15/28 |
|
|
|
575,000 |
|
|
|
621,138 |
|
| New Jersey State, GO, COVID-19 Emergency, Series A |
|
|
5.000 |
% |
|
|
6/1/25 |
|
|
|
1,400,000 |
|
|
|
1,440,378 |
|
| Tobacco Settlement Financing Corp., NJ, Revenue, Series A, Refunding |
|
|
5.000 |
% |
|
|
6/1/35 |
|
|
|
500,000 |
|
|
|
530,035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total New Jersey |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,778,864 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| New York - 19.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Brookhaven, NY, Local Development Corp. Revenue, Long Island Community Hospital Project, Series A, Refunding |
|
|
5.000 |
% |
|
|
10/1/32 |
|
|
|
575,000 |
|
|
|
618,319 |
|
| Build NYC Resource Corp., NY, Revenue, East Harlem Scholars Academy Charter School Project |
|
|
5.750 |
% |
|
|
6/1/52 |
|
|
|
350,000 |
|
|
|
352,879 |
(e) |
| Hudson Yards Infrastructure Corp., NY, Second Indenture Revenue, Series A, Refunding |
|
|
5.000 |
% |
|
|
2/15/35 |
|
|
|
1,000,000 |
|
|
|
1,054,597 |
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
9 |
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| New York - continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MTA, NY, Transportation Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Green Bonds, Series E, Refunding |
|
|
5.000 |
% |
|
|
11/15/28 |
|
|
$ |
1,000,000 |
|
|
$ |
1,060,571 |
|
| Series A-2 |
|
|
5.000 |
% |
|
|
5/15/30 |
|
|
|
400,000 |
|
|
|
424,901 |
(a)(c) |
| New York City, NY, GO, Subseries B-1 |
|
|
5.250 |
% |
|
|
10/1/43 |
|
|
|
1,000,000 |
|
|
|
1,095,457 |
|
| New York City, NY, Industrial Development Agency Revenue, Yankee Stadium Project, Series A, Refunding, AGM |
|
|
5.000 |
% |
|
|
3/1/29 |
|
|
|
250,000 |
|
|
|
269,780 |
|
| New York City, NY, TFA Revenue Future Tax Secured: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subseries A-1 |
|
|
5.000 |
% |
|
|
5/1/45 |
|
|
|
2,000,000 |
|
|
|
2,141,310 |
|
| Subseries C-1 |
|
|
4.000 |
% |
|
|
5/1/39 |
|
|
|
2,200,000 |
|
|
|
2,180,896 |
|
| New York State Dormitory Authority Revenue, Non-State Supported Debt, School
District, Series A, AGM |
|
|
5.000 |
% |
|
|
10/1/29 |
|
|
|
750,000 |
|
|
|
815,956 |
|
| New York State Dormitory Authority, Sales Tax Revenue, Bidding Group 3, Series E, Refunding |
|
|
5.000 |
% |
|
|
3/15/38 |
|
|
|
1,500,000 |
|
|
|
1,583,415 |
|
| New York State Dormitory Authority, State Personal Income Tax Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series A, Refunding |
|
|
5.000 |
% |
|
|
3/15/40 |
|
|
|
750,000 |
|
|
|
792,661 |
|
| Series D, Refunding |
|
|
5.000 |
% |
|
|
2/15/41 |
|
|
|
750,000 |
|
|
|
791,859 |
|
| New York State Thruway Authority General Revenue, Junior Indebtedness Obligations, Junior Lien, Series A |
|
|
5.000 |
% |
|
|
1/1/41 |
|
|
|
1,250,000 |
|
|
|
1,277,661 |
|
| New York State Thruway Authority, State Personal Income Tax Revenue, Series A |
|
|
5.000 |
% |
|
|
3/15/26 |
|
|
|
200,000 |
|
|
|
200,571 |
|
| New York State Transportation Development Corp., Special Facilities Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Delta Air Lines Inc., LaGuardia Airport Terminals C and D Redevelopment Project |
|
|
5.000 |
% |
|
|
1/1/30 |
|
|
|
850,000 |
|
|
|
875,038 |
(d) |
| Delta Air Lines Inc., LaGuardia Airport Terminals C and D Redevelopment Project |
|
|
5.000 |
% |
|
|
1/1/32 |
|
|
|
1,200,000 |
|
|
|
1,236,789 |
(d) |
| LaGuardia Airport Terminal B Redevelopment Project |
|
|
5.000 |
% |
|
|
7/1/30 |
|
|
|
1,225,000 |
|
|
|
1,232,072 |
(d) |
| Terminal 4 John F. Kennedy International Airport Project, Series C, Refunding |
|
|
5.000 |
% |
|
|
12/1/27 |
|
|
|
500,000 |
|
|
|
528,158 |
|
| New York State Urban Development Corp. Revenue, State Personal Income Tax, Series C |
|
|
4.000 |
% |
|
|
3/15/45 |
|
|
|
550,000 |
|
|
|
527,679 |
|
| New York, NY, GO, Series A |
|
|
5.000 |
% |
|
|
8/1/43 |
|
|
|
250,000 |
|
|
|
268,887 |
|
| Niagara Area Development Corp., NY, Solid Waste Disposal Facility Revenue, Covanta Project, Series B,
Refunding |
|
|
3.500 |
% |
|
|
11/1/24 |
|
|
|
750,000 |
|
|
|
738,308 |
(e) |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
10 |
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| New York - continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Port Authority of New York & New Jersey Revenue, Consolidated Series 193, Refunding |
|
|
5.000 |
% |
|
|
10/15/30 |
|
|
$ |
1,500,000 |
|
|
$ |
1,526,332 |
(d) |
| Triborough Bridge & Tunnel Authority, NY, Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| General-MTA Bridges & Tunnels, Series A |
|
|
5.000 |
% |
|
|
11/15/49 |
|
|
|
1,000,000 |
|
|
|
1,035,636 |
|
| Senior Lien-MTA Bridges & Tunnels, Series C-1A |
|
|
5.000 |
% |
|
|
5/15/51 |
|
|
|
1,000,000 |
|
|
|
1,054,530 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total New York |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23,684,262 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| North Carolina - 1.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Charlotte, NC, COP, Series P, Refunding |
|
|
5.000 |
% |
|
|
6/1/44 |
|
|
|
250,000 |
|
|
|
263,048 |
|
| Charlotte, NC, Airport Revenue, Charlotte Douglas International Airport, Refunding |
|
|
5.000 |
% |
|
|
7/1/36 |
|
|
|
400,000 |
|
|
|
428,834 |
|
| North Carolina State Limited Obligation Revenue, Series A |
|
|
5.000 |
% |
|
|
5/1/32 |
|
|
|
750,000 |
|
|
|
826,836 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total North Carolina |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,518,718 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| North Dakota - 0.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Grand Forks, ND, Health Care System Revenue, Altru Health System, Refunding, AGM |
|
|
3.000 |
% |
|
|
12/1/46 |
|
|
|
700,000 |
|
|
|
500,935 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ohio - 1.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| American Municipal Power Inc., OH, Revenue, AMP Fremont Energy Center Project, Series A, Refunding |
|
|
5.000 |
% |
|
|
2/15/29 |
|
|
|
500,000 |
|
|
|
536,228 |
|
| Buckeye, OH, Tobacco Settlement Financing Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Bonds, Series A-2, Refunding |
|
|
5.000 |
% |
|
|
6/1/33 |
|
|
|
500,000 |
|
|
|
537,193 |
|
| Senior Bonds, Series B-2, Refunding |
|
|
5.000 |
% |
|
|
6/1/55 |
|
|
|
550,000 |
|
|
|
503,512 |
|
| Ohio State Air Quality Development Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| American Electric Co. Project, Series B, Refunding |
|
|
2.500 |
% |
|
|
10/1/29 |
|
|
|
350,000 |
|
|
|
301,458 |
(a)(c)(d) |
| AMG Vanadium Project, Series 2019 |
|
|
5.000 |
% |
|
|
7/1/49 |
|
|
|
240,000 |
|
|
|
216,514 |
(d) |
| Duke Energy Corp. Project, Series B, Refunding |
|
|
4.250 |
% |
|
|
6/1/27 |
|
|
|
250,000 |
|
|
|
248,613 |
(a)(c)(d) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Ohio |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,343,518 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Oregon - 0.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Washington Multnomah & Yamhill Counties, OR, School District No 1J West Union, GO, Hillsboro, School
Board Guaranty |
|
|
5.000 |
% |
|
|
6/15/34 |
|
|
|
500,000 |
|
|
|
531,027 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pennsylvania - 5.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bucks County, PA, Water and Sewer Authority, Sewer System Revenue, Series A, AGM |
|
|
4.000 |
% |
|
|
12/1/42 |
|
|
|
250,000 |
|
|
|
243,229 |
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
11 |
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| Pennsylvania - continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commonwealth Financing Authority, PA, Tobacco Master Settlement Payment Revenue |
|
|
5.000 |
% |
|
|
6/1/30 |
|
|
$ |
200,000 |
|
|
$ |
212,880 |
|
| Cumberland County, PA, Municipal Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diakon Lutheran Social Ministries, Refunding |
|
|
5.000 |
% |
|
|
1/1/27 |
|
|
|
150,000 |
|
|
|
153,096 |
(f) |
| Diakon Lutheran Social Ministries, Refunding |
|
|
5.000 |
% |
|
|
1/1/27 |
|
|
|
290,000 |
|
|
|
291,823 |
|
| Lancaster County, PA, Hospital Authority Revenue, Penn State Health, Series 2021 |
|
|
5.000 |
% |
|
|
11/1/46 |
|
|
|
600,000 |
|
|
|
614,736 |
|
| Pennsylvania State Economic Development Financing Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Presbyterian Senior Living Project, Series B-2 |
|
|
5.000 |
% |
|
|
7/1/42 |
|
|
|
250,000 |
|
|
|
245,792 |
|
| Tax-Exempt Private Activity, The Penndot Major Bridges Package One
Project |
|
|
5.250 |
% |
|
|
6/30/53 |
|
|
|
200,000 |
|
|
|
203,318 |
(d) |
| Pennsylvania State Economic Development Financing Authority Revenue, Tax-Exempt
Private Activity, The Penndot Major Bridges Package One Project |
|
|
5.500 |
% |
|
|
6/30/41 |
|
|
|
1,500,000 |
|
|
|
1,609,110 |
(d) |
| Pennsylvania State Turnpike Commission Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series B |
|
|
5.000 |
% |
|
|
12/1/40 |
|
|
|
750,000 |
|
|
|
784,548 |
|
| Series B |
|
|
5.000 |
% |
|
|
12/1/45 |
|
|
|
500,000 |
|
|
|
521,147 |
|
| Series B, Refunding |
|
|
5.250 |
% |
|
|
12/1/47 |
|
|
|
250,000 |
|
|
|
270,651 |
|
| Philadelphia, PA, Authority for IDR: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| City Service Agreement Revenue, Rebuild Project |
|
|
5.000 |
% |
|
|
5/1/35 |
|
|
|
500,000 |
|
|
|
529,474 |
|
| Lease Revenue, Refunding |
|
|
5.000 |
% |
|
|
10/1/30 |
|
|
|
250,000 |
|
|
|
277,995 |
|
| Philadelphia, PA, GO, Series B |
|
|
5.000 |
% |
|
|
2/1/35 |
|
|
|
250,000 |
|
|
|
270,381 |
|
| State Public School Building Authority, PA, Lease Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Philadelphia SD Project, Series A, Refunding, AGM, State Aid Withholding |
|
|
5.000 |
% |
|
|
6/1/31 |
|
|
|
150,000 |
|
|
|
155,717 |
|
| Philadelphia SD Project, Series A, Refunding, AGM, State Aid Withholding |
|
|
5.000 |
% |
|
|
6/1/33 |
|
|
|
450,000 |
|
|
|
467,289 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Pennsylvania |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,851,186 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Puerto Rico - 5.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Puerto Rico Commonwealth Aqueduct & Sewer Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Lien, Series A, Refunding |
|
|
5.000 |
% |
|
|
7/1/47 |
|
|
|
400,000 |
|
|
|
384,363 |
(e) |
| Series B, Refunding |
|
|
5.000 |
% |
|
|
7/1/33 |
|
|
|
750,000 |
|
|
|
758,660 |
(e) |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
12 |
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| Puerto Rico - continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Puerto Rico Commonwealth Highway & Transportation Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CAB, Restructured, Series B |
|
|
0.000 |
% |
|
|
7/1/32 |
|
|
$ |
75,000 |
|
|
$ |
48,281 |
|
| Restructured, Series A |
|
|
5.000 |
% |
|
|
7/1/62 |
|
|
|
90,000 |
|
|
|
88,763 |
|
| Puerto Rico Commonwealth, GO: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CAB, Restructured, Series A-1 |
|
|
0.000 |
% |
|
|
7/1/24 |
|
|
|
1,799 |
|
|
|
1,734 |
|
| CAB, Restructured, Series A-1 |
|
|
0.000 |
% |
|
|
7/1/33 |
|
|
|
14,271 |
|
|
|
8,695 |
|
| Restructured, Series A-1 |
|
|
5.375 |
% |
|
|
7/1/25 |
|
|
|
12,350 |
|
|
|
12,585 |
|
| Restructured, Series A-1 |
|
|
5.625 |
% |
|
|
7/1/27 |
|
|
|
12,238 |
|
|
|
12,764 |
|
| Restructured, Series A-1 |
|
|
5.625 |
% |
|
|
7/1/29 |
|
|
|
12,040 |
|
|
|
12,739 |
|
| Restructured, Series A-1 |
|
|
5.750 |
% |
|
|
7/1/31 |
|
|
|
11,694 |
|
|
|
12,648 |
|
| Restructured, Series A-1 |
|
|
4.000 |
% |
|
|
7/1/33 |
|
|
|
11,089 |
|
|
|
10,384 |
|
| Restructured, Series A-1 |
|
|
4.000 |
% |
|
|
7/1/35 |
|
|
|
229,968 |
|
|
|
211,354 |
|
| Restructured, Series A-1 |
|
|
4.000 |
% |
|
|
7/1/37 |
|
|
|
740,000 |
|
|
|
665,781 |
|
| Restructured, Series A-1 |
|
|
4.000 |
% |
|
|
7/1/41 |
|
|
|
111,631 |
|
|
|
96,534 |
|
| Restructured, Series A-1 |
|
|
4.000 |
% |
|
|
7/1/46 |
|
|
|
12,097 |
|
|
|
10,070 |
|
| Subseries CW |
|
|
0.000 |
% |
|
|
11/1/43 |
|
|
|
52,371 |
|
|
|
27,037 |
(c) |
| Puerto Rico Electric Power Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series A |
|
|
5.000 |
% |
|
|
7/1/42 |
|
|
|
220,000 |
|
|
|
60,500 |
*(g) |
| Series A |
|
|
5.050 |
% |
|
|
7/1/42 |
|
|
|
75,000 |
|
|
|
20,625 |
*(g) |
| Series DDD, Refunding |
|
|
- |
|
|
|
7/1/21 |
|
|
|
280,000 |
|
|
|
76,300 |
*(h) |
| Series TT |
|
|
5.000 |
% |
|
|
7/1/37 |
|
|
|
450,000 |
|
|
|
123,750 |
*(g) |
| Series XX |
|
|
5.250 |
% |
|
|
7/1/40 |
|
|
|
400,000 |
|
|
|
110,000 |
*(g) |
| Series ZZ, Refunding |
|
|
- |
|
|
|
7/1/18 |
|
|
|
250,000 |
|
|
|
68,125 |
*(h) |
| Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CAB, Restructured, Series A-1 |
|
|
0.000 |
% |
|
|
7/1/27 |
|
|
|
220,000 |
|
|
|
188,317 |
|
| Restructured, Series A-1 |
|
|
4.550 |
% |
|
|
7/1/40 |
|
|
|
50,000 |
|
|
|
48,751 |
|
| Restructured, Series A-2 |
|
|
4.329 |
% |
|
|
7/1/40 |
|
|
|
1,490,000 |
|
|
|
1,414,912 |
|
| Restructured, Series A-2A |
|
|
4.550 |
% |
|
|
7/1/40 |
|
|
|
2,380,000 |
|
|
|
2,320,560 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Puerto Rico |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,794,232 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| South Carolina - 0.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| South Carolina State Jobs-EDA Hospital Facilities Revenue, Bon Secours Mercy
Health Inc., Series A, Refunding |
|
|
4.000 |
% |
|
|
12/1/44 |
|
|
|
500,000 |
|
|
|
464,642 |
|
| South Carolina State Ports Authority Revenue, Series 2018 |
|
|
5.000 |
% |
|
|
7/1/36 |
|
|
|
400,000 |
|
|
|
414,788 |
(d) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total South Carolina |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
879,430 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
13 |
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| Tennessee - 1.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Clarksville, TN, Water, Sewer & Gas Revenue, Series A |
|
|
4.000 |
% |
|
|
2/1/51 |
|
|
$ |
750,000 |
|
|
$ |
712,160 |
|
| Metropolitan Government of Nashville & Davidson County, TN, Water & Sewer Revenue, Subordinated,
Green Bonds, Series A |
|
|
5.000 |
% |
|
|
7/1/42 |
|
|
|
300,000 |
|
|
|
311,274 |
|
| Tennessee State Energy Acquisition Corp., Natural Gas Revenue, Series 2018 |
|
|
4.000 |
% |
|
|
11/1/25 |
|
|
|
500,000 |
|
|
|
494,321 |
(a)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Tennessee |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,517,755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Texas - 8.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Arlington, TX, Special Tax Revenue, Subordinated Lien, Series C, BAM |
|
|
5.000 |
% |
|
|
2/15/41 |
|
|
|
250,000 |
|
|
|
252,469 |
|
| Austin, TX, Airport System Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series 2014 |
|
|
5.000 |
% |
|
|
11/15/27 |
|
|
|
1,000,000 |
|
|
|
1,008,715 |
(d) |
| Series 2022 |
|
|
5.000 |
% |
|
|
11/15/39 |
|
|
|
350,000 |
|
|
|
365,988 |
(d) |
| Central Texas Regional Mobility Authority Revenue, Senior Lien, Series E |
|
|
5.000 |
% |
|
|
1/1/45 |
|
|
|
500,000 |
|
|
|
516,215 |
|
| Harris County, TX, Cultural Education Facilities Finance Corp., Hospital Revenue, Texas Children’s Hospital,
Series B, Refunding |
|
|
5.000 |
% |
|
|
10/1/31 |
|
|
|
300,000 |
|
|
|
336,009 |
(a)(c) |
| Harris County, TX, Houston Sports Authority Revenue, Senior Lien, Series A, Refunding, AGM |
|
|
5.000 |
% |
|
|
11/15/25 |
|
|
|
1,000,000 |
|
|
|
1,016,893 |
|
| Hays, TX, ISD, GO, Unlimited Tax School Building Bonds, PSF-GTD |
|
|
4.000 |
% |
|
|
2/15/47 |
|
|
|
300,000 |
|
|
|
283,792 |
|
| Houston, TX, Airport System Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Special Facilities, United Airlines Inc., Airport Improvements Project |
|
|
5.000 |
% |
|
|
7/15/28 |
|
|
|
500,000 |
|
|
|
506,499 |
(d) |
| Special Facilities, United Airlines Inc., Terminal Improvement Project, Series
B-1 |
|
|
4.000 |
% |
|
|
7/15/41 |
|
|
|
500,000 |
|
|
|
442,407 |
(d) |
| Subordinated, Series A |
|
|
5.000 |
% |
|
|
7/1/36 |
|
|
|
1,055,000 |
|
|
|
1,092,138
|
(d) |
| Laredo, TX, Waterworks & Sewer System Revenue, Series 2019 |
|
|
5.000 |
% |
|
|
3/1/33 |
|
|
|
1,000,000 |
|
|
|
1,062,864 |
|
| Love Field, TX, Airport Modernization Corp., General Airport Revenue, Series 2017 |
|
|
5.000 |
% |
|
|
11/1/31 |
|
|
|
90,000 |
|
|
|
93,028 |
(d) |
| Newark, TX, Higher Education Finance Corp., Education Revenue, TLC Academy, Series A |
|
|
4.000 |
% |
|
|
8/15/31 |
|
|
|
230,000 |
|
|
|
215,641 |
|
| North Texas Tollway Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| First Tier, Series A, Refunding |
|
|
5.000 |
% |
|
|
1/1/36 |
|
|
|
500,000 |
|
|
|
520,326 |
|
| First Tier, Series B, Refunding |
|
|
5.000 |
% |
|
|
1/1/34 |
|
|
|
1,300,000 |
|
|
|
1,317,062 |
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
14 |
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| Texas - continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Tarrant County, TX, Cultural Education Facilities Finance Corp., Hospital Revenue, Methodist Hospitals of
Dallas |
|
|
5.000 |
% |
|
|
10/1/37 |
|
|
$ |
500,000 |
|
|
$ |
536,218 |
|
| Texas State Public Finance Authority, Lease Revenue, Refunding |
|
|
4.000 |
% |
|
|
2/1/36 |
|
|
|
350,000 |
|
|
|
354,683 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Texas |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,920,947 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Utah - 0.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Utah State Charter School Finance Authority, Charter School Revenue, Syracuse Arts Academy Project, UT CSCE |
|
|
5.000 |
% |
|
|
4/15/37 |
|
|
|
250,000 |
|
|
|
253,680 |
|
| Utah State Infrastructure Agency, Telecommunications Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series 2019 |
|
|
5.000 |
% |
|
|
10/15/25 |
|
|
|
470,000 |
|
|
|
472,300 |
|
| Series 2021 |
|
|
4.000 |
% |
|
|
10/15/36 |
|
|
|
100,000 |
|
|
|
88,904 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Utah |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
814,884 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Virginia - 2.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Arlington County, VA, IDA, Hospital Revenue, Virginia Hospital Center, Refunding |
|
|
5.000 |
% |
|
|
7/1/35 |
|
|
|
200,000 |
|
|
|
216,304 |
|
| Virginia Beach, VA, Development Authority, Residential Care Facility Revenue, Westminster- Canterbury on Chesapeake
Bay, Refunding |
|
|
5.000 |
% |
|
|
9/1/40 |
|
|
|
1,250,000 |
|
|
|
1,147,913 |
|
| Virginia State Small Business Financing Authority Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Lien, 95 Express Lanes LLC Project, Refunding |
|
|
5.000 |
% |
|
|
1/1/38 |
|
|
|
1,250,000 |
|
|
|
1,283,732 |
(d) |
| Senior Lien, I-495 Hot Lanes Project, Refunding |
|
|
5.000 |
% |
|
|
6/30/42 |
|
|
|
250,000 |
|
|
|
255,026 |
(d) |
| The Obligated Group of National Senior Campuses Inc., Series A, Refunding |
|
|
5.000 |
% |
|
|
1/1/31 |
|
|
|
250,000 |
|
|
|
263,064 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Virginia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,166,039 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Washington - 1.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Port of Seattle, WA, Intermediate Lien Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series 2019 |
|
|
5.000 |
% |
|
|
4/1/33 |
|
|
|
500,000 |
|
|
|
531,734 |
(d) |
| Series B, Refunding |
|
|
5.000 |
% |
|
|
8/1/37 |
|
|
|
1,000,000 |
|
|
|
1,060,057 |
(d) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Washington |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,591,791 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Wisconsin - 2.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Central Brown County, WI, Water Authority System Revenue, Series A, Refunding |
|
|
5.000 |
% |
|
|
11/1/35 |
|
|
|
2,105,000 |
|
|
|
2,137,998 |
|
| Public Finance Authority, WI, Revenue, Carmelite System Inc., Obligated Group, Series 2020, Refunding |
|
|
5.000 |
% |
|
|
1/1/40 |
|
|
|
150,000 |
|
|
|
144,637 |
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
15 |
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
MATURITY
DATE |
|
|
FACE
AMOUNT |
|
|
VALUE |
|
| Wisconsin - continued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Village of Mount Pleasant, WI, Tax Increment Revenue, Series A, Moral Obligations |
|
|
5.000 |
% |
|
|
4/1/43 |
|
|
$ |
500,000 |
|
|
$ |
518,770 |
|
| Wisconsin State HEFA Revenue, Bellin Memorial Hospital, Inc., Series A |
|
|
5.000 |
% |
|
|
12/1/43 |
|
|
|
500,000 |
|
|
|
510,167 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Wisconsin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,311,572 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL MUNICIPAL BONDS
(Cost - $170,248,605) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
165,883,203 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MUNICIPAL BONDS DEPOSITED IN TENDER OPTION BOND TRUSTS(i) - 2.9% |
|
|
|
|
|
|
|
|
|
| New York - 2.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| New York City, NY, Municipal Water Finance Authority, Water & Sewer System Revenue, Second General Resolution
Fiscal 2023, Subseries AA-3, Refunding |
|
|
5.000 |
% |
|
|
6/15/47 |
|
|
|
1,625,000 |
|
|
|
1,728,639 |
|
| New York State Dormitory Authority, State Personal Income Tax Revenue, General Purpose Bonds, Series A |
|
|
4.000 |
% |
|
|
3/15/45 |
|
|
|
1,925,000 |
|
|
|
1,841,871 |
|
| TOTAL MUNICIPAL BONDS DEPOSITED IN TENDER OPTION BOND TRUSTS
(Cost - $3,639,635) |
|
|
|
|
|
|
|
3,570,510 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS
(Cost - $173,888,240) |
|
|
|
169,453,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SHORT-TERM INVESTMENTS - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| MUNICIPAL BONDS - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Nevada - 0.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Nevada State Housing Division, Multi Unit Housing Revenue, Series A, LIQ-FNMA, LOC - FNMA |
|
|
4.000 |
% |
|
|
4/15/33 |
|
|
|
100,000 |
|
|
|
100,000 |
(d)(j)(k) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| New York - 0.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| New York City, NY, Municipal Water Finance Authority, Water & Sewer System Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Second General Resolution Fiscal 2014, Series AA-3, Refunding, SPA-TD Bank
N.A. |
|
|
3.900 |
% |
|
|
6/15/49 |
|
|
|
100,000 |
|
|
|
100,000 |
(j)(k) |
| Second General Resolution Fiscal 2016, Series AA-1, Refunding, SPA-Bank of
America N.A. |
|
|
3.920 |
% |
|
|
6/15/48 |
|
|
|
570,000 |
|
|
|
570,000 |
(j)(k) |
| Total New York |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
670,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL MUNICIPAL BONDS
(Cost - $770,000) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
770,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
16 |
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY |
|
RATE |
|
|
|
|
|
SHARES |
|
|
VALUE |
|
| MONEY MARKET FUNDS - 0.0%†† |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Western Asset Premier Institutional Government Reserves, Premium Shares (Cost - $1,445) |
|
|
5.261 |
% |
|
|
|
|
|
|
1,445 |
|
|
$ |
1,445 |
(l)(m) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL SHORT-TERM INVESTMENTS
(Cost - $771,445) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
771,445 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL INVESTMENTS - 137.4%
(Cost - $174,659,685) |
|
|
|
|
|
|
|
|
|
|
|
170,225,158 |
|
| TOB Floating Rate Notes - (1.7)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2,050,000 |
) |
| Other Liabilities in Excess of Other Assets - (35.7)% |
|
|
|
|
|
|
|
|
|
|
|
(44,283,449 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS - 100.0% |
|
|
|
|
|
|
|
|
|
|
$ |
123,891,709 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| †† |
Represents less than 0.1%. |
| * |
Non-income producing security. |
| (a) |
Maturity date shown represents the mandatory tender date. (b) Securities traded on a when-issued or
delayed delivery basis. |
| (c) |
Variable rate security. Interest rate disclosed is as of the most recent information available. Certain
variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description
above. |
| (d) |
Income from this issue is considered a preference item for purposes of calculating the alternative minimum tax
(“AMT”). |
| (e) |
Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold
in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors. |
| (f) |
Pre-Refunded bonds are generally escrowed with U.S. government
obligations and/or U.S. government agency securities. |
| (g) |
The coupon payment on this security is currently in default as of August 31, 2023. |
| (h) |
The maturity principal is currently in default as of August 31, 2023. |
| (i) |
Represents securities deposited into a special purpose entity, referred to as a Tender Option Bond
(“TOB”) trust. |
| (j) |
Variable rate demand obligations (“VRDOs”) have a demand feature under which the Fund can tender them
back to the issuer or liquidity provider on no more than 7 days notice. The interest rate generally resets on a daily or weekly basis and is determined on the specific interest rate reset date by the remarketing agent, pursuant to a formula
specified in official documents for the VRDO, or set at the highest rate allowable as specified in official documents for the VRDO. VRDOs are benchmarked to the Securities Industry and Financial Markets Association (“SIFMA”) Municipal Swap
Index. The SIFMA Municipal Swap Index is compiled from weekly interest rate resets of tax-exempt VRDOs reported to the Municipal Securities Rulemaking Board’s Short-term Obligation Rate Transparency
System. |
| (k) |
Maturity date shown is the final maturity date. The security may be sold back to the issuer before final
maturity. |
| (l) |
Rate shown is one-day yield as of the end of the reporting period.
|
| (m) |
In this instance, as defined in the Investment Company Act of 1940, an “Affiliated Company”
represents Fund ownership of at least 5% of the outstanding voting securities of an issuer, or a company which is under common ownership or control with the Fund. At August 31, 2023, the total market value of investments in Affiliated Companies
was $1,445 and the cost was $1,445 (Note 2). |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
17 |
WESTERN ASSET INTERMEDIATE MUNI FUND INC.
|
|
|
| Schedule of Investments (unaudited) (cont’d) |
|
August 31, 2023 |
(Percentages shown based on Fund net assets)
Abbreviation(s) used in this schedule:
|
|
|
| AGM |
|
— Assured Guaranty Municipal Corporation - Insured Bonds |
| BAM |
|
— Build America Mutual - Insured Bonds |
| CAB |
|
— Capital Appreciation Bonds |
| CDA |
|
— Communities Development Authority |
| COP |
|
— Certificates of Participation |
| CSCE |
|
— Charter School Credit Enhancement |
| DFA |
|
— Development Finance Agency |
| EDA |
|
— Economic Development Authority |
| EDC |
|
— Economic Development Corporation |
| FNMA |
|
— Federal National Mortgage Association |
| GO |
|
— General Obligation |
| GTD |
|
— Guaranteed |
| HEFA |
|
— Health & Educational Facilities Authority |
| IDA |
|
— Industrial Development Authority |
| IDR |
|
— Industrial Development Revenue |
| ISD |
|
— Independent School District |
| LIQ |
|
— Liquidity Facility |
| LOC |
|
— Letter of Credit |
| MFA |
|
— Municipal Finance Authority |
| MTA |
|
— Metropolitan Transportation Authority |
| NATL |
|
— National Public Finance Guarantee Corporation - Insured Bonds |
| PCFA |
|
— Pollution Control Financing Authority |
| PEA |
|
— Public Energy Authority |
| PSF |
|
— Permanent School Fund |
| SD |
|
— School District |
| SIFMA |
|
— Securities Industry and Financial Markets Association |
| SPA |
|
— Standby Bond Purchase Agreement - Insured Bonds |
| TFA |
|
— Transitional Finance Authority |
| USD |
|
— Unified School District |
This Schedule of Investments is unaudited and is intended to provide information about the Fund’s investments as of the
date of the schedule. Other information regarding the Fund is available in the Fund’s most recent annual or semi-annual shareholder report.
See Notes to
Schedule of Investments.
|
|
|
|
|
|
18 |
|
Western Asset Intermediate Muni Fund Inc. 2023 Quarterly Report |
|
|
Notes to Schedule of Investments (unaudited)
1. Organization and significant accounting policies
Western Asset Intermediate Muni Fund Inc. (the “Fund”) was incorporated in Maryland on December 19, 1991 and is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The Board of Directors authorized 100 million shares of $0.001 par value common stock.
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. Under normal market conditions, the Fund invests at least 80% of its
total assets in municipal obligations. In addition, under normal market conditions, the Fund will invest at least 80% of its total assets in debt securities that are, at the time of investment, rated investment grade by a nationally recognized
statistical rating organization or, if unrated, of equivalent quality as determined by the investment manager. For credit ratings purposes, pre-refunded bonds are deemed to be unrated. The subadviser
determines the credit quality of prefunded bonds based on the quality of the escrowed collateral and such other factors as the subadviser deems appropriate.
The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946,
Financial Services – Investment Companies (“ASC 946”). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles
(“GAAP”), including, but not limited to, ASC 946.
(a) Investment valuation. The valuations for fixed income securities (which may
include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party
pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest
rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each
fund on the day of valuation. If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager
using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available,
such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these
securities as determined in accordance with procedures approved by the Fund’s Board of Directors.
Notes to Schedule of Investments (unaudited) (cont’d)
Pursuant to policies adopted by the Board of Directors, the Fund’s manager has been
designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund’s manager is assisted by the Global Fund Valuation Committee (the “Valuation Committee”). The Valuation Committee is
responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to the Fund’s manager and the Board of Directors. When determining the reliability of third party pricing
information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.
The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible
methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or
fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the
issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions;
information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable
companies; and the existence of a shelf registration for restricted securities.
For each portfolio security that has been fair valued pursuant to the
policies adopted by the Board of Directors, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are
reported to the Board of Directors quarterly.
The Fund uses valuation techniques to measure fair value that are consistent with the market approach
and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income
approach uses valuation techniques to discount estimated future cash flows to present value.
Notes to Schedule of Investments (unaudited) (cont’d)
GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation
techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:
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Level 1 — unadjusted quoted prices in active markets for identical investments |
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Level 2 — other significant observable inputs (including quoted prices for similar investments,
interest rates, prepayment speeds, credit risk, etc.) |
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• |
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Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the
fair value of investments) |
The inputs or methodologies used to value securities are not necessarily an indication of the risk
associated with investing in those securities.
The following is a summary of the inputs used in valuing the Fund’s assets carried at fair value:
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| ASSETS |
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| DESCRIPTION |
|
QUOTED PRICES
(LEVEL 1) |
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|
OTHER SIGNIFICANT
OBSERVABLE INPUTS
(LEVEL 2) |
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|
SIGNIFICANT
UNOBSERVABLE
INPUTS
(LEVEL 3) |
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TOTAL |
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| Long-Term Investments†: |
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| Municipal Bonds |
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|
— |
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|
$ |
165,883,203 |
|
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|
— |
|
|
$ |
165,883,203 |
|
| Municipal Bonds Deposited in Tender Option Bond Trusts |
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|
— |
|
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|
3,570,510 |
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|
— |
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|
3,570,510 |
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| Total Long-Term Investments |
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— |
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|
169,453,713 |
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— |
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169,453,713 |
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| Short-Term Investments†: |
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| Municipal Bonds |
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— |
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|
|
770,000 |
|
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|
— |
|
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|
770,000 |
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| Money Market Funds |
|
$ |
1,445 |
|
|
|
— |
|
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|
— |
|
|
|
1,445 |
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|
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| Total Short-Term Investments |
|
|
1,445 |
|
|
|
770,000 |
|
|
|
— |
|
|
|
771,445 |
|
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|
|
|
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|
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|
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| Total Investments |
|
$ |
1,445 |
|
|
$ |
170,223,713 |
|
|
|
— |
|
|
$ |
170,225,158 |
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| † |
See Schedule of Investments for additional detailed categorizations. |
2. Transactions with affiliated company
As defined by
the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for
all or some portion of the period ended August 31, 2023. The following transactions were effected in such company for the period ended August 31, 2023.
Notes to Schedule of Investments (unaudited) (cont’d)
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Affiliate
Value at
November 30,
2022 |
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Purchased |
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|
Sold |
|
|
Realized
Gain (Loss) |
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|
Dividend
Income |
|
|
Net Increase
(Decrease) in
Unrealized
Appreciation
(Depreciation) |
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Affiliate
Value at
August 31,
2023 |
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Cost |
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Shares |
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Proceeds |
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Shares |
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| Western Asset Premier Institutional Government Reserves, Premium Shares |
|
$ |
7,792 |
|
|
$ |
1,065,497 |
|
|
|
1,065,497 |
|
|
$ |
1,071,844 |
|
|
|
1,071,844 |
|
|
|
— |
|
|
$ |
1,660 |
|
|
|
— |
|
|
$ |
1,445 |
|
Western Asset Intermedia... (NYSE:SBI)
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Western Asset Intermedia... (NYSE:SBI)
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Von Apr 2023 bis Apr 2024
