# Portfolio overlap — SBTYX vs LSMSX Comparing **Western Asset Intermediate-Term Municipals Fund** (2026-03-31) and **Western Asset SMASh Series TF Fund** (2026-02-27). - Shared positions: 91 - Western Asset Intermediate-Term Municipals Fund covered by Western Asset SMASh Series TF Fund: 0.2772165732482060732948443519 - Western Asset SMASh Series TF Fund covered by Western Asset Intermediate-Term Municipals Fund: 0.2772165732482060732948443520 ## Western Asset Intermediate-Term Municipals Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | New York State Urban Development Corp. (Bidding Group 3), Series 2023 A, RB | 0.024050 | ✓ | | NYC MUNI WTR FIN-AA-3 | 0.021427 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.018630 | ✓ | | New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A | 0.017710 | | | NOVANT HEALTH OBLIGATED GROUP 5.0% 12-01-35 | 0.017667 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.016708 | ✓ | | TN TNSUTL 05/01/2053 | 0.015147 | ✓ | | CHICAGO IL BOE 5% 12/1/2043 | 0.014411 | | | Seattle (Port of), WA, Series 2022 B, Ref. RB | 0.011907 | | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.75000000 | 0.011462 | | | State of Illinois, Series 2018A | 0.011206 | | | MSRPWR 6.125 11/1/2029 | 0.010562 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.010253 | | | County of Broward FL Port Facilities Revenue | 0.009012 | | | State of Illinois, Series D | 0.008497 | ✓ | | Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C | 0.008488 | ✓ | | Regional Transportation Authority | 0.008419 | | | MAIN STR NAT GA 5% 12/1/2052 MT | 0.008387 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 06-15-50 | 0.007931 | | | CALIFORNIA COMMUNITY VAR | 0.007530 | ✓ | | NY TRANSPRTN DEV -AMT | 0.007445 | ✓ | | California Community Choice Financing Authority, Series B-1 | 0.007385 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.007238 | ✓ | | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.006796 | ✓ | | NY DORM AUTH-E | 0.006730 | | | NY ST DORM DASNY PIT 19A 5.0% 03-15-40 | 0.006643 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.006606 | ✓ | | CENTRL TX REGL MOBILITY AUTH R REGD B/E 5.00000000 | 0.006517 | | | CLARKSVL TN WTR 4% 2/1/2051 | 0.006420 | ✓ | | Southeast Energy Authority, Alabama, Revenue Bonds, Cooperative District Energy Supply Series 2025B | 0.006387 | ✓ | | TEXAS ST MUNI GAS ACQUISITION TXSUTL 12/30 FIXED 5 | 0.006284 | | | IL CHI 5.5 01/01/2039 | 0.006154 | ✓ | | NYS UDC 4% 3/15/45 | 0.006072 | | | ELGIN TX ISD 4% 8/1/2049 | 0.006027 | ✓ | | NY TRANSPRTN DEV -AMT | 0.005618 | ✓ | | CHICAGO IL BRD OF EDU REGD B/E 5.00000000 | 0.005565 | | | St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Series 2017, Ref. RB | 0.005562 | ✓ | | OH ST AIR QUALI 5% 7/1/2049 | 0.005476 | ✓ | | INDIANA ST FIN AUTH ENVRNMNTL REGD B/E 1.40000000 | 0.005428 | | | Jefferson (County of), AL, Series 2024, Ref. RB | 0.005258 | | | State of Illinois, Series 2019B | 0.005256 | | | MS MSSMED 10/01/2040 | 0.005157 | | | RESTRUCTURED-SER A1 | 0.005138 | ✓ | | Florida Atlantic University Finance Corp | 0.005125 | | | PUERTO RICO SALES TAX FING COR PUERTO RICO SALES TAX FINANCING CORP SALES TAX REV | 0.005109 | | | Chicago Transit Authority Sales Tax Receipts Fund, Series 2020 A | 0.005105 | | | Energy Southeast A Cooperative District, Series B-1 | 0.005092 | ✓ | | City of Austin TX Airport System Revenue | 0.005074 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 5.0% 06-15-50 | 0.005017 | | | Southeast Alabama Gas Supply District/The | 0.004935 | | ## Western Asset SMASh Series TF Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | NYC-D4-ADJ | 0.036862 | ✓ | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.023821 | ✓ | | ILLINOIS ST FIN AUTH REVENUE | 0.023551 | ✓ | | STATE OF NEW JERSEY NATL 0.0% 12-15-31 | 0.021980 | | | NYC MUNI WTR FIN-BB | 0.021802 | | | CALIFORNIA COMMUNITY VAR | 0.019613 | ✓ | | MET NASHVILLE TN ARPT AUTH ARPT REVENUE | 0.016061 | | | PENNSYLVANIA ST ECON DEV FING REGD OID B/E AMT 5.25000000 | 0.014067 | | | State of Illinois | 0.013779 | | | NOVANT HEALTH OBLIGATED GROUP 5.0% 12-01-35 | 0.011782 | ✓ | | Energy Southeast A Cooperative District, Series B-1 | 0.011553 | ✓ | | CTR PLN ENG GAS 5% 9/1/2033 | 0.011518 | | | CTR TX RMA 4% 1/1/2051 | 0.011517 | | | CHICAGO IL BRD OF EDU CHIEDU 12/40 FIXED 5 | 0.011384 | ✓ | | Public Energy Auth. of Kentucky Gas Supply Rev. Refg. C | 0.011265 | ✓ | | OR FACS AUTH-B-REF | 0.011263 | ✓ | | IL CHI 5.5 01/01/2039 | 0.011056 | ✓ | | New York State Urban Development Corp. (Bidding Group 3), Series 2023 A, RB | 0.010824 | ✓ | | NY NYCUTL 5.25 06/15/2052 | 0.010818 | | | NY TRANSPRTN DEV CORP | 0.010749 | | | Chandler Industrial Development Authority | 0.010445 | | | NOVANT HEALTH OBLIGATED GROUP 5.0% 06-01-55 | 0.010268 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.009985 | ✓ | | PORT NY NJ 4% 7/15/2045 @ | 0.009936 | | | NY MTA DED 4% 11/15/2054 | 0.009504 | | | INDIANA ST FIN AUTH HLTH SYS R INSMED 12/49 FIXED 4 | 0.009484 | | | NYC GO 23A-4 Q=TD V1 | 0.009216 | ✓ | | CALIFORNIA COMMUNITY VAR | 0.009145 | ✓ | | NY TRANSPRTN DEV -AMT | 0.008573 | ✓ | | CHICAGO IL BRD OF EDU REGD B/E 5.00000000 | 0.008279 | | | Black Belt Energy Gas District (The) (Gas), Series 2022 F, RB | 0.008194 | | | CHICAGO IL BRD OF EDU DEDICATE REGD B/E 5.75000000 | 0.008179 | | | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.008148 | | | California Community Choice Financing Authority, Series 2025G | 0.008080 | ✓ | | Chandler Industrial Development Authority, Series 2019 | 0.007903 | | | RESTRUCTURED-SER A1 | 0.007798 | ✓ | | NY TRANS CORP 5% 6/30/2049 @ | 0.007769 | | | NY TRANS CORP 5% 7/1/46 @ | 0.007683 | | | NY TRANSPRTN DEV -AMT | 0.007675 | ✓ | | ELGIN TX ISD 4% 8/1/2049 | 0.007304 | ✓ | | WV HOSP FIN AUTH-C | 0.007168 | ✓ | | Van Alstyne Independent School District | 0.007113 | | | New York City Housing Development Corp | 0.006740 | | | St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Series 2017, Ref. RB | 0.006252 | ✓ | | Oneida County Local Development Corp., Series A | 0.005978 | | | LONGVIEW TX ISD 4% 2/15/2049 | 0.005852 | ✓ | | DENVER CO ARPT 5% 11/15/2032 @ | 0.005827 | ✓ | | Black Belt Energy Gas District, Series D | 0.005689 | | | MTRO WA DC ARPT 5% 10/1/2030 @ | 0.005676 | | | SALT VERDE FINL CORP GAS REV ARIZ SR | 0.005614 | ✓ | ## Sources - N-PORT (fund A) — accession `0000940400-26-020720` (as of 2026-03-31) - N-PORT (fund B) — accession `0000940400-26-014628` (as of 2026-02-27) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _