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Name

As of 11/21/2024

Price

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

Western Asset SMASh Series C Fund

LMLCX | Fund

$8.98

$734 M

6.18%

$0.55

0.03%

Vitals

YTD Return

0.4%

1 yr return

7.2%

3 Yr Avg Return

4.0%

5 Yr Avg Return

3.7%

Net Assets

$734 M

Holdings in Top 10

19.0%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.03%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 12.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/21/2024

Price

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

Western Asset SMASh Series C Fund

LMLCX | Fund

$8.98

$734 M

6.18%

$0.55

0.03%

LMLCX - Profile

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.04%
DIVIDENDS
  • Dividend Yield 6.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Western Asset SMASh Series C Fund
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    May 21, 2012
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ryan Brist

Fund Description

The fund invests in a portfolio of debt obligations of various maturities. Under normal market conditions, the fund expects to invest primarily in corporate obligations and in derivatives and other instruments relating to such investments. The fund currently limits its investments to U.S. dollar denominated investment grade (that is, rated in the Baa/BBB categories or above or, if unrated, determined to be of comparable credit quality by the subadviser) debt obligations. The fund may at times invest in the securities of issuers located in only one country or in a relatively small number of countries, including in any emerging market country or countries. Currently the fund does not contemplate investing 25% or more of its assets in a single country or a small number of countries, except in the United States. The subadviser may invest a significant portion of the fund’s assets in various industry sectors, to the extent consistent with the fund’s fundamental investment restrictions.
In purchasing debt obligations for the fund, the subadviser may take full advantage of the entire range of maturities and durations, and may adjust the average maturity or duration of the fund’s investments from time to time.
Instead of, and/or in addition to, investing directly in particular securities, the fund may use instruments such as derivatives, including options, interest rate swaps, credit default swaps and options on credit default swaps, futures contracts, and other synthetic instruments that are intended to provide economic exposure to the securities or the issuer or to be used as a hedging technique. The fund may use one or more types of these instruments without limit, subject to applicable regulatory requirements. For additional information regarding derivatives, see “More on the funds’ investment strategies, investments and risks—Derivatives” in the Prospectus.
The fund may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio (such as shortening or lengthening duration) and for other purposes.
The fund may borrow money to increase portfolio holdings, to the extent consistent with the fund’s fundamental investment restrictions.
The fund is classified as “non-diversified,” which means it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund.
Read More

LMLCX - Performance

Return Ranking - Trailing

Period LMLCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -1.4% 8.0% 96.53%
1 Yr 7.2% 3.6% 12.5% 87.28%
3 Yr 4.0%* -7.7% 41.5% 2.91%
5 Yr 3.7%* -7.1% 25.4% 5.00%
10 Yr 4.5%* -0.2% 14.4% 5.88%

* Annualized

Return Ranking - Calendar

Period LMLCX Return Category Return Low Category Return High Rank in Category (%)
2023 6.3% -5.6% 6.3% 0.58%
2022 -7.7% -28.7% 142.1% 3.49%
2021 -2.3% -12.3% 4.9% 3.55%
2020 -0.8% -8.0% 10.6% 99.39%
2019 10.3% 4.3% 13.4% 40.65%

Total Return Ranking - Trailing

Period LMLCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -1.4% 8.0% 96.53%
1 Yr 7.2% 3.6% 12.5% 87.28%
3 Yr 4.0%* -7.7% 41.5% 2.91%
5 Yr 3.7%* -7.1% 25.4% 5.00%
10 Yr 4.5%* -0.2% 14.4% 5.88%

* Annualized

Total Return Ranking - Calendar

Period LMLCX Return Category Return Low Category Return High Rank in Category (%)
2023 12.9% -5.6% 12.9% 0.58%
2022 -3.2% -25.6% 151.8% 2.91%
2021 3.7% -5.1% 7.5% 1.78%
2020 2.9% -8.0% 116.0% 98.79%
2019 15.1% 6.7% 17.4% 21.29%

NAV & Total Return History

LMLCX - Holdings

Concentration Analysis

LMLCX Category Low Category High LMLCX % Rank
Net Assets 734 M 17.6 M 47.3 B 56.65%
Number of Holdings 417 4 10364 63.01%
Net Assets in Top 10 201 M -29.6 M 3.03 B 46.24%
Weighting of Top 10 19.04% 1.7% 143.7% 17.92%

Top 10 Holdings

  1. Mexico Government International Bond 3.86%
  2. Colombia Government International Bond 2.67%
  3. CDS CDX.NA.IG.42 2.25%
  4. ATT Inc 1.89%
  5. JPMorgan Chase Co 1.87%
  6. Morgan Stanley 1.57%
  7. Citigroup Inc 1.36%
  8. Lockheed Martin Corp 1.30%
  9. Wells Fargo Co 1.13%
  10. FirstEnergy Corp 1.12%

Asset Allocation

Weighting Return Low Return High LMLCX % Rank
Bonds 		95.47% 0.00% 136.47% 63.58%
Convertible Bonds 		3.40% 0.00% 78.47% 72.25%
Cash 		2.39% -43.80% 45.89% 49.13%
Other 		2.14% -4.61% 9.86% 17.92%
Stocks 		0.00% 0.00% 99.98% 71.68%
Preferred Stocks 		0.00% 0.00% 9.18% 73.99%

Bond Sector Breakdown

Weighting Return Low Return High LMLCX % Rank
Corporate 		68.47% 41.80% 99.52% 93.64%
Government 		18.65% 0.00% 25.63% 13.29%
Securitized 		4.25% 0.00% 23.18% 16.18%
Derivative 		2.14% -2.67% 2.14% 0.58%
Cash & Equivalents 		1.00% 0.00% 45.89% 65.32%
Municipal 		0.00% 0.00% 3.37% 85.55%

Bond Geographic Breakdown

Weighting Return Low Return High LMLCX % Rank
US 		95.47% 0.00% 110.12% 61.27%
Non US 		0.00% 0.00% 47.05% 74.57%

LMLCX - Expenses

Operational Fees

LMLCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.03% 0.03% 3.33% 99.41%
Management Fee 0.00% 0.00% 1.35% 3.47%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

LMLCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

LMLCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

LMLCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 259.00% 4.09%

LMLCX - Distributions

Dividend Yield Analysis

LMLCX Category Low Category High LMLCX % Rank
Dividend Yield 6.18% 0.00% 6.00% 0.58%

Dividend Distribution Analysis

LMLCX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

LMLCX Category Low Category High LMLCX % Rank
Net Income Ratio 3.04% 0.38% 5.93% 6.43%

Capital Gain Distribution Analysis

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

Distributions History

View More +

LMLCX - Fund Manager Analysis

Managers

Ryan Brist

Start Date

Tenure

Tenure Rank

Jun 30, 2010

11.93

11.9%

– Western Asset Management Company, LLC – Head of Global Investment Grade Credit/Portfolio Manager, 2009- – Logan Circle Partners, L.P. – Chief Investment Officer, Portfolio Manager, 2007-2009 – Delaware Investment Advisors – Co-Chief Investment Officer, Sr. Portfolio Manager, 2000-2007 – Conseco Capital Management – Vice President, Corporate Bond Trading, 1995-2000 – Dean Witter Reynolds – Analyst, Corporate Finance, Retail Products Group, 1993-1995 – Indiana University, B.S. Finance – Chartered Financial Analyst

Michael Buchanan

Start Date

Tenure

Tenure Rank

Sep 01, 2012

9.75

9.8%

– Western Asset Management Company, LLC – Deputy Chief Investment Officer, 2005– – Credit Suisse Asset Management – Managing Director, Head of U.S. Credit Products, 2003–2005 – Janus Capital Management – Executive Vice President, Portfolio Manager, 2003 – BlackRock Financial Management – Managing Director, Portfolio Manager, 1998–2003 – Conseco Capital Management – Vice President, Portfolio Manager, 1990–1998 – Brown University, B.A. – Chartered Financial Analyst

S. Leech

Start Date

Tenure

Tenure Rank

Mar 31, 2014

8.17

8.2%

– Western Asset Management Company, LLC – Chief Investment Officer, 1990– – Greenwich Capital Markets – Portfolio Manager, 1988–1990 – The First Boston Corporation – Fixed Income Manager, 1980–1988 – National Bank of Detroit – Portfolio Manager, 1977–1980 – The Wharton School, University of Pennsylvania, M.B.A., B.S., B.A., summa cum laude, 1972–1976

Julien Scholnick

Start Date

Tenure

Tenure Rank

Mar 01, 2017

5.25

5.3%

– Western Asset Management Company, LLC – Portfolio Manager, 2003- – Salomon Smith Barney – Associate, Private Client Group, 2000-2001 – Digital Coast Partners – Senior Analyst, 1999-2000 – Arthur Andersen, LLP – Senior Analyst, 1997-1999 – Cornell University, M.B.A. – University of California, Los Angeles, B.A., magna cum laude – Chartered Financial Analyst

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.81 2.41

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