LNAXX: Western Asset NY Tx Fr MMkt A

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LNAXX Western Asset NY Tx Fr MMkt A

  • Fund
  • LNAXX
  • Price as of: Dec 10, 2019
  • $1.00
    - $0.00 - 0.00%

Profile

LNAXX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $110 M
  • Holdings in Top 10 42.6%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.74%

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) $1,000
  • 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 N/A
  • Net Income Ratio 0.98%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset New York Tax Free Money Market Fund
  • Fund Family Name
    Legg Mason
  • Inception Date
    Mar 30, 2011
  • Shares Outstanding
    N/A
  • Share Class
    A
  • 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, and New York State and New York City personal income taxes. It is non-diversified.


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Categories

Performance

LNAXX - Performance

Return Ranking - Trailing

Period LNAXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 4.63%
1 Yr 0.0% 0.0% 3.2% 25.19%
3 Yr 0.0%* 0.0% 4.3% 26.17%
5 Yr 0.0%* 0.0% 7.1% 26.78%
10 Yr N/A* 0.0% 3.3% N/A

* Annualized

Return Ranking - Calendar

Period LNAXX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% 0.0% 0.0% 4.80%
2017 0.0% 0.0% 0.0% 4.89%
2016 0.0% 0.0% 0.0% 5.04%
2015 0.0% 0.0% 0.0% 5.04%
2014 0.0% 0.0% 0.0% 5.12%

Total Return Ranking - Trailing

Period LNAXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 4.63%
1 Yr 0.0% -5.2% 3.2% 24.61%
3 Yr 0.0%* -1.6% 4.3% 25.99%
5 Yr 0.0%* -1.0% 7.1% 26.66%
10 Yr N/A* -0.5% 3.3% N/A

* Annualized

Total Return Ranking - Calendar

Period LNAXX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% 0.0% 0.0% 4.80%
2017 0.0% 0.0% 0.0% 4.90%
2016 0.0% 0.0% 0.0% 5.04%
2015 0.0% 0.0% 0.0% 5.04%
2014 0.0% 0.0% 0.0% 5.12%

NAV & Total Return History


Holdings

LNAXX - Holdings

Concentration Analysis

LNAXX Category Low Category High LNAXX % Rank
Net Assets 110 M 53.2 K 160 B 94.24%
Number of Holdings 60 2 1098 64.91%
Net Assets in Top 10 44.9 M 53.1 K 98.7 B 94.54%
Weighting of Top 10 42.63% 9.2% 112.9% 45.72%

Top 10 Holdings

  1. NEW YORK N Y 1.35% 6.01%
  2. NEW YORK ST HSG FIN AGY REV 1.36% 4.79%
  3. TRIBOROUGH BRDG & TUNL AUTH NY REVS 1.29% 4.68%
  4. NIAGARA N Y AREA DEV CORP REV 1.25% 4.48%
  5. ONONDAGA CNTY N Y TR CULTURAL RES REV 1.15% 4.36%
  6. NASSAU CNTY N Y INTERIM FIN AUTH 1.13% 4.27%
  7. NEW YORK ST URBAN DEV CORP REV 1.1% 3.70%
  8. NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 1.11% 3.61%
  9. BATTERY PK CITY AUTH N Y REV 1.1% 3.42%
  10. NEW YORK ST HSG FIN AGY REV 1.2% 3.32%

Asset Allocation

Weighting Return Low Return High LNAXX % Rank
Bonds
98.71% 0.00% 103.85% 1.69%
Cash
1.29% 0.00% 100.40% 98.59%
Stocks
0.00% 0.00% 0.00% 4.61%
Preferred Stocks
0.00% 0.00% 0.12% 4.70%
Other
0.00% -5.71% 100.00% 11.76%
Convertible Bonds
0.00% 0.00% 13.91% 11.48%

Bond Sector Breakdown

Weighting Return Low Return High LNAXX % Rank
Municipal
98.71% 0.00% 99.82% 0.75%
Cash & Equivalents
1.29% 0.00% 100.40% 98.87%
Derivative
0.00% 0.00% 1.58% 6.30%
Securitized
0.00% 0.00% 35.60% 18.44%
Corporate
0.00% 0.00% 17.24% 34.34%
Government
0.00% 0.00% 103.85% 65.48%

Bond Geographic Breakdown

Weighting Return Low Return High LNAXX % Rank
US
98.71% 0.00% 103.85% 1.69%
Non US
0.00% 0.00% 21.12% 22.30%

Expenses

LNAXX - Expenses

Operational Fees

LNAXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.74% 0.00% 6.36% 23.80%
Management Fee 0.45% 0.00% 0.57% 93.04%
12b-1 Fee 0.10% 0.00% 1.00% 32.89%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

LNAXX 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

LNAXX 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.

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

Distributions

LNAXX - Distributions

Dividend Yield Analysis

LNAXX Category Low Category High LNAXX % Rank
Dividend Yield 0.59% 0.00% 3.55% 59.24%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

LNAXX Category Low Category High LNAXX % Rank
Net Income Ratio 0.98% 0.00% 4.52% 84.25%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

LNAXX - 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