Western Asset Government Reserves Svc
Name
As of 08/28/2020Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
N/A
1 yr return
0.5%
3 Yr Avg Return
0.8%
5 Yr Avg Return
N/A
Net Assets
$1.27 B
Holdings in Top 10
61.7%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.00%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 08/28/2020Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
LGSXX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 0.8%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Government Reserves
-
Fund Family NameFranklin Templeton Investments
-
Inception DateNov 10, 2016
-
Shares OutstandingN/A
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerManagement Team
Fund Description
The fund is a money market fund that invests exclusively in short-term U.S. government obligations, including U.S. Treasuries and securities issued or guaranteed by the U.S. government or its agencies, authorities, instrumentalities or sponsored entities and in repurchase agreements collateralized by government obligations. These securities may pay interest at fixed, floating or adjustable rates or may be issued at a discount. U.S. government obligations are not necessarily backed by the full faith and credit of the United States. The fund may also hold cash for cash management and defensive purposes. Although the fund invests in U.S. government obligations, an investment in the fund is neither insured nor guaranteed by the U.S. government.
The fund invests in securities that, at the time of purchase, are rated by one or more rating agencies in the highest short term rating category or, if not rated, are determined by the subadviser to be of equivalent quality.
As noted above, the fund invests exclusively in short-term U.S. government obligations and in repurchase agreements collateralized by government obligations. Therefore, the fund meets the requirement under Rule 2a‑7 under the Investment Company Act of 1940, as amended, that a government money market fund invest at least 99.5% of its total assets in U.S. government obligations, cash, and/or repurchase agreements that are fully collateralized by U.S. government obligations or cash. In addition, the fund meets the requirement under Rule 35d‑1 under the Investment Company Act of 1940, as amended, that a fund that includes the term “government” in its name invest, under normal circumstances, at least 80% of its net assets in U.S. government obligations and/or repurchase agreements that are collateralized by U.S. government obligations.
As a government money market fund, the fund tries to maintain a share price of $1.00. Under Rule 2a‑7 of the Investment Company Act of 1940, as amended, the fund must follow strict rules as to the credit quality, liquidity, diversification and maturity of its investments. Where required by these rules, the fund’s subadviser or Board of Trustees (the “Board”) will decide whether a security should be held or sold in the event of credit downgrades or certain other events occurring after purchase.
LGSXX - Performance
Return Ranking - Trailing
Period | LGSXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -0.1% | 0.0% | 4.59% |
1 Yr | 0.5% | -2.1% | 0.5% | 0.18% |
3 Yr | 0.8%* | -0.1% | 0.9% | 1.75% |
5 Yr | N/A* | 0.1% | 1.2% | 31.69% |
10 Yr | N/A* | 0.1% | 0.8% | N/A |
* Annualized
Return Ranking - Calendar
Period | LGSXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | 0.0% | 0.0% | 30.27% |
2022 | 0.0% | 0.0% | 0.4% | 25.79% |
2021 | 0.0% | 0.0% | 2.0% | 28.64% |
2020 | N/A | 0.0% | 1.5% | 45.23% |
2019 | N/A | 0.0% | 0.5% | N/A |
Total Return Ranking - Trailing
Period | LGSXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -0.1% | 0.0% | 4.59% |
1 Yr | 0.5% | -5.7% | 0.5% | 0.18% |
3 Yr | 0.8%* | -1.8% | 0.9% | 1.75% |
5 Yr | N/A* | -1.0% | 1.2% | 32.01% |
10 Yr | N/A* | -0.5% | 0.8% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | LGSXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | 0.0% | 0.0% | 30.27% |
2022 | 0.0% | 0.0% | 0.4% | 25.98% |
2021 | 0.0% | 0.0% | 2.0% | 28.86% |
2020 | N/A | 0.0% | 1.5% | 45.67% |
2019 | N/A | 0.0% | 0.5% | N/A |
NAV & Total Return History
LGSXX - Holdings
Concentration Analysis
LGSXX | Category Low | Category High | LGSXX % Rank | |
---|---|---|---|---|
Net Assets | 1.27 B | 2 | 260 B | 76.99% |
Number of Holdings | 81 | 1 | 345 | 34.89% |
Net Assets in Top 10 | 11.1 B | 29.5 K | 173 B | 44.39% |
Weighting of Top 10 | 61.68% | 19.7% | 100.0% | 54.37% |
Top 10 Holdings
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.05 01/03/202 31.32%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.05 01/03/202 31.32%
Asset Allocation
Weighting | Return Low | Return High | LGSXX % Rank | |
---|---|---|---|---|
Cash | 72.14% | 14.50% | 100.00% | 69.08% |
Bonds | 24.51% | 0.00% | 85.50% | 42.14% |
Convertible Bonds | 3.35% | 0.00% | 38.56% | 4.49% |
Stocks | 0.00% | 0.00% | 0.00% | 24.70% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 24.53% |
Other | 0.00% | -0.80% | 0.03% | 24.53% |
Bond Sector Breakdown
Weighting | Return Low | Return High | LGSXX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 72.14% | 0.00% | 100.00% | 67.70% |
Government | 24.51% | 0.00% | 65.38% | 39.03% |
Corporate | 3.35% | 0.00% | 100.00% | 7.43% |
Derivative | 0.00% | 0.00% | 0.00% | 24.53% |
Securitized | 0.00% | 0.00% | 0.97% | 26.08% |
Municipal | 0.00% | 0.00% | 28.54% | 29.19% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | LGSXX % Rank | |
---|---|---|---|---|
US | 24.51% | 0.00% | 84.21% | 42.14% |
Non US | 0.00% | 0.00% | 3.58% | 27.63% |
LGSXX - Expenses
Operational Fees
LGSXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.00% | 0.01% | 1.58% | 5.56% |
Management Fee | 0.44% | 0.00% | 0.50% | 97.58% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 83.13% |
Administrative Fee | N/A | 0.01% | 0.55% | N/A |
Sales Fees
LGSXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
LGSXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 5.00% | 5.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
LGSXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 485.00% | N/A |
LGSXX - Distributions
Dividend Yield Analysis
LGSXX | Category Low | Category High | LGSXX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.01% | 0.00% | 0.01% | 25.04% |
Dividend Distribution Analysis
LGSXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
LGSXX | Category Low | Category High | LGSXX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -0.01% | 1.67% | 1.80% |
Capital Gain Distribution Analysis
LGSXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 28, 2019 | $0.001 | |
May 31, 2019 | $0.001 | |
Apr 30, 2019 | $0.001 | |
Mar 29, 2019 | $0.001 | |
Feb 28, 2019 | $0.001 | |
Jan 31, 2019 | $0.001 | |
Dec 31, 2018 | $0.001 | |
Nov 30, 2018 | $0.001 | |
Oct 31, 2018 | $0.001 | |
Aug 31, 2018 | $0.001 | |
Jul 31, 2018 | $0.001 | |
Jun 29, 2018 | $0.001 | |
May 31, 2018 | $0.001 | |
Apr 30, 2018 | $0.001 | |
Mar 29, 2018 | $0.001 | |
Feb 28, 2018 | $0.000 | |
Jan 31, 2018 | $0.000 | |
Dec 29, 2017 | $0.000 | |
Nov 30, 2017 | $0.000 | |
Oct 31, 2017 | $0.000 | |
Jan 31, 2017 | $0.000 |