LMIIX Western Asset Interm Maturity NY Muni I Forecast, Technical & Fundamental Analysis

The investment seeks to provide New York investors with as high a level of current income exempt from federal income tax and New York State and New York City personal income taxes as is consistent with the preservation of principal. Under normal circumstances, the fund invests at least 80% of its assets in investment grade "New York municipal securities" or other investments with similar economic characteristics. It may invest up to 20% of its assets in unrated securities that the subadviser determines to be equivalent to investment grade. The fund is non-diversified.