CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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WA Imd Muni Fd (SBI)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of June 19, 2018
Current
Market Price $8.65 (+ $0.01)
NAV (June 19, 2018) $9.91 (+ $0.01)
Premium / Discount -12.71% (+0.01%)
Fund Info
Inception March 2, 1992
Sponsor Legg Mason Partners Fund Advisors
Website https://www.leggmason....
Phone 1-888-777-0102
NAV Symbol XSBIX
Objective: High current income exempt from federal income tax; municipal obligations
Related Indexes
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 14,082,315
Gross Assets (Reported: Nov. 30, 2017) $192M
Estimated Gross Assets $190M
Net Assets $140M
Market Cap $122M
Purchases Turnover 11.71%
Sales Turnover 10.76%
Total Leverage 26.40%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.61%
Non Lev Exp Ratio 0.97%
Rel Lev Cost 1.78%
Discount Data
Average Discount (3 Yr) -4.89%
Discount Low(3 Yr) -12.94%
Discount High(3 Yr) 1.32%
Discount Rel Range 1.60%
Comp Discount -5.22
Discount St Dev (1Yr) 3.16
Z-Stat
Z-Stat (6mo) -1.20
Z-Stat (1Yr) -1.57
Z-Stat (3Yr) -2.46
Comp Z-Stat (6mo) -0.85
Comp Z-Stat (3Yr) -1.33
Distribution Data
Market Yield 4.09%
Income Yield 4.09%
Lev Adj NAV Yield 2.83%
Distribution Frequency M
Current Distribution $0.030
Current Income $0.030
Ex-Date 6/21/18
Payable Date 7/2/18
Div Growth (3yr) -26.25%
Dividend Change -13.2% on 2/15/18
Expected Div 8/13/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2017 2015 - 2017
Income 0% 0.1%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $437
Avg Volume 30 day 54,179
Avg Volume 90 day 50,565
Volume Trend 7.15%
Comp Volume Trend 9.44%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
10.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
28.0%
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
64.0%
Most Correlated Peer (Mk Pr): VKI 69.0%
NAV - Price Correlation (30 d) -12.9%
NAV - Price Correlation (90 d) 16.1%
NAV - Price Correlation (1 Yr) 97.4%
Price St Dev (1Yr) 8.1%
NAV St Dev (1Yr) 2.3%
Earnings
Earnings / Share (4/30/18) $0.029
Earn Coverage 96.95%
Earnings Trend Down
UNII / Share (4/30/18) $0.005
Rel UNII 1.38
UNII Trend Down
Bond Specific Data
Maturity 5.70
Duration 6.50
Credit Rating (rbo) A
Investment Grade 93.60%
Non Investment Grade 2.50%
Unrated Bonds 3.90%
Average Bond Price 91.32
Discount vs Price -21.39
Coupon 5.15%
Zero Coupon 0.00%
AMT 16.50%
AMT Yield 3.90%
Bond Calls Risk 8.00%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
-0.06
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.11
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index
0.61

DISCLOSURES:

CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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