CIXXX: Western Asset Tax Free Reserves N

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CIXXX Western Asset Tax Free Reserves N

  • Fund
  • CIXXX
  • Price as of: Dec 12, 2019
  • $1.00
    - $0.00 - 0.00%

Profile

CIXXX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $77.2 M
  • Holdings in Top 10 29.6%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.60%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Money Market Fund
  • Investment Style Money Market-Tax-Free

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.84%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Tax Free Reserves
  • Fund Family Name
    Legg Mason
  • Inception Date
    Sep 04, 1984
  • Shares Outstanding
    N/A
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Management Team

Fund Description

The fund is a money market fund that, under normal market conditions, invests at least 80% of its assets in short-term high quality municipal obligations and interests in municipal obligations that pay interest that is exempt from federal income tax, including the federal alternative minimum tax. It may invest up to 20% of its assets in investments that pay interest that may be subject to regular federal income tax and/or the federal alternative minimum tax. The fund is non-diversified.


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Categories

Performance

CIXXX - Performance

Return Ranking - Trailing

Period CIXXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 53.28%
1 Yr 0.0% 0.0% 2.4% 63.93%
3 Yr 0.0%* 0.0% 1.8% 64.46%
5 Yr 0.0%* 0.0% 1.2% 64.74%
10 Yr 0.0%* 0.0% 1.4% 72.14%

* Annualized

Return Ranking - Calendar

Period CIXXX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% 0.0% 0.0% 53.12%
2017 0.0% 0.0% 0.0% 53.40%
2016 0.0% 0.0% 0.0% 54.02%
2015 0.0% 0.0% 0.0% 53.65%
2014 0.0% 0.0% 0.0% 53.71%

Total Return Ranking - Trailing

Period CIXXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 53.28%
1 Yr 0.0% -5.2% 2.4% 63.15%
3 Yr 0.0%* -1.6% 1.8% 64.00%
5 Yr 0.0%* -1.0% 1.2% 64.24%
10 Yr 0.0%* -0.5% 1.4% 71.74%

* Annualized

Total Return Ranking - Calendar

Period CIXXX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% 0.0% 0.0% 53.12%
2017 0.0% 0.0% 0.0% 53.35%
2016 0.0% 0.0% 0.0% 54.02%
2015 0.0% 0.0% 0.0% 53.65%
2014 0.0% 0.0% 0.0% 53.71%

NAV & Total Return History


Holdings

CIXXX - Holdings

Concentration Analysis

CIXXX Category Low Category High CIXXX % Rank
Net Assets 77.2 M 53.2 K 160 B 95.82%
Number of Holdings 118 2 1098 37.16%
Net Assets in Top 10 107 M 53.1 K 98.7 B 87.21%
Weighting of Top 10 29.60% 9.2% 112.9% 72.91%

Top 10 Holdings

  1. UNIVERSITY WIS HOSPS & CLINICS AUTH REV 1.16% 3.52%
  2. NEW YORK ST ENERGY RESH & DEV AUTH 1.13% 3.49%
  3. UNIVERSITY TEX PERM UNIV FD 1.04% 3.16%
  4. NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY RENT HSG REV 1.13% 3.13%
  5. NEW YORK ST HSG FIN AGY REV 1.17% 3.01%
  6. UINTA CNTY WYO POLLUTION CTL REV 1.12% 2.88%
  7. OREGON ST FACS AUTH REV 1.13% 2.83%
  8. ROCKWALL TEX INDPT SCH DIST 1.09% 2.74%
  9. IDAHO HEALTH FACS AUTH REV 1.13% 2.44%
  10. NEW YORK N Y 1.17% 2.41%

Asset Allocation

Weighting Return Low Return High CIXXX % Rank
Bonds
97.40% 0.00% 103.85% 3.20%
Cash
2.60% 0.00% 100.40% 96.52%
Stocks
0.00% 0.00% 0.00% 53.81%
Preferred Stocks
0.00% 0.00% 0.12% 53.81%
Other
0.00% -5.71% 100.00% 53.43%
Convertible Bonds
0.00% 0.00% 13.91% 57.10%

Bond Sector Breakdown

Weighting Return Low Return High CIXXX % Rank
Municipal
97.40% 0.00% 99.82% 2.07%
Cash & Equivalents
2.60% 0.00% 100.40% 96.80%
Derivative
0.00% 0.00% 1.58% 54.56%
Securitized
0.00% 0.00% 35.60% 60.68%
Corporate
0.00% 0.00% 17.24% 68.96%
Government
0.00% 0.00% 103.85% 84.76%

Bond Geographic Breakdown

Weighting Return Low Return High CIXXX % Rank
US
97.40% 0.00% 103.85% 3.20%
Non US
0.00% 0.00% 21.12% 62.18%

Expenses

CIXXX - Expenses

Operational Fees

CIXXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.60% 0.00% 6.36% 2.46%
Management Fee 0.45% 0.00% 0.57% 93.50%
12b-1 Fee 0.25% 0.00% 1.00% 63.71%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

CIXXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

CIXXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

CIXXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 27434.00% N/A

Distributions

CIXXX - Distributions

Dividend Yield Analysis

CIXXX Category Low Category High CIXXX % Rank
Dividend Yield 0.52% 0.00% 3.55% 66.02%

Dividend Distribution Analysis

CIXXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CIXXX Category Low Category High CIXXX % Rank
Net Income Ratio 0.84% 0.00% 4.52% 89.15%

Capital Gain Distribution Analysis

CIXXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

CIXXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

May 12, 2001

18.56

18.6%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.37 44.18 13.84 13.78