Western Asset Select Tax Free Reserves
Fund
LTFXX
Price as of:
$1.00
- $0.00
- 0.00%
Primary Theme
fund company
Name
As of 11/01/2024Price
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
2.6%
1 yr return
2.8%
3 Yr Avg Return
2.1%
5 Yr Avg Return
1.3%
Net Assets
$4.51 B
Holdings in Top 10
26.9%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.77%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 11/01/2024Price
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
LTFXX - Profile
Distributions
- YTD Total Return 2.6%
- 3 Yr Annualized Total Return 2.1%
- 5 Yr Annualized Total Return 1.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.03%
- Dividend Yield 3.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Select Tax Free Reserves
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateDec 23, 2013
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManagement 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. Municipal securities include debt obligations issued by any of the 50 states and the District of Columbia or their political subdivisions, agencies and public authorities, certain other governmental issuers (such as Puerto Rico, the U.S. Virgin Islands and Guam) and other qualifying issuers. These securities include participation or other interests in municipal securities and other structured securities such as variable rate demand obligations, tender option bonds, partnership interests and swap-based securities, many of which may be issued or backed by U.S. or non-U.S. banks. From time to time, the fund may invest significantly in municipal obligations issued by a single state, including, but not limited to, New York.
Some municipal securities, such as general obligation issues, are backed by the issuer’s taxing authority, while other municipal securities, such as revenue issues, are backed only by revenues from certain facilities or other sources and not by the issuer itself. 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, with respect to not more than 3% of its total assets, in the second highest category) or, if not rated, are determined by the subadviser to be of equivalent quality.
Under normal circumstances, the fund 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, although for temporary or defensive purposes, the fund may invest an unlimited amount in such securities.
The fund is a retail money market fund, meaning that the fund is only offered to accounts that are beneficially owned solely by natural persons. As a retail money market fund, the fund tries to maintain a share price of $1.00. Pursuant to Rule 2a-7 under the Investment Company Act of 1940, as amended (the “1940 Act”), the fund must follow strict rules as to the quality, liquidity, diversification and maturity of its investments.
LTFXX - Performance
Return Ranking - Trailing
Period | LTFXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.6% | 1.7% | 4.4% | 61.84% |
1 Yr | 2.8% | 1.9% | 4.9% | 57.89% |
3 Yr | 2.1%* | 1.3% | 3.5% | 51.61% |
5 Yr | 1.3%* | 0.8% | 2.1% | 59.72% |
10 Yr | 1.0%* | 0.6% | 1.3% | 40.00% |
* Annualized
Return Ranking - Calendar
Period | LTFXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | 0.0% | 0.0% | 77.63% |
2022 | 0.0% | 0.0% | 0.0% | 77.63% |
2021 | 0.0% | 0.0% | 0.0% | 75.00% |
2020 | 0.0% | 0.0% | 0.0% | 75.76% |
2019 | 0.0% | 0.0% | 0.0% | 77.14% |
Total Return Ranking - Trailing
Period | LTFXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.6% | 1.7% | 4.4% | 61.84% |
1 Yr | 2.8% | 1.9% | 4.9% | 57.89% |
3 Yr | 2.1%* | 1.3% | 3.5% | 51.61% |
5 Yr | 1.3%* | 0.8% | 2.1% | 59.72% |
10 Yr | 1.0%* | 0.6% | 1.3% | 40.00% |
* Annualized
Total Return Ranking - Calendar
Period | LTFXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.3% | 2.0% | 5.4% | 36.84% |
2022 | 0.9% | 0.2% | 1.2% | 40.79% |
2021 | 0.0% | 0.0% | 0.3% | 69.12% |
2020 | 0.2% | 0.0% | 1.3% | 71.21% |
2019 | 1.3% | 0.0% | 2.7% | 44.29% |
NAV & Total Return History
LTFXX - Holdings
Concentration Analysis
LTFXX | Category Low | Category High | LTFXX % Rank | |
---|---|---|---|---|
Net Assets | 4.51 B | 3.67 M | 19.7 B | 5.26% |
Number of Holdings | 103 | 1 | 921 | 67.11% |
Net Assets in Top 10 | 83.1 M | 40.6 M | 17.4 B | 86.84% |
Weighting of Top 10 | 26.94% | 9.8% | 100.0% | 61.84% |
Top 10 Holdings
- UNIVERSITY WIS HOSPS & CLINICS AUTH REV 0.11% 4.39%
- NEW YORK ST ENERGY RESH & DEV AUTH 0.03% 4.26%
- NEW YORK ST HSG FIN AGY REV 0.03% 3.76%
- NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY RENT HSG REV 0.75% 3.57%
- INDIANA FIN AUTH HOSP REV 0.6% 3.01%
- NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY REV 0.68% 2.89%
- MOBILE CNTY ALA INDL DEV AUTH POLLUTION CTL REV 0.6% 2.89%
- IDAHO HEALTH FACS AUTH REV 0.67% 2.86%
- NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 0.03% 2.85%
- TRIBOROUGH BRDG & TUNL AUTH NY REVS 0.58% 2.74%
Asset Allocation
Weighting | Return Low | Return High | LTFXX % Rank | |
---|---|---|---|---|
Bonds | 98.19% | 0.00% | 99.21% | 6.58% |
Cash | 1.81% | 0.79% | 100.00% | 96.05% |
Stocks | 0.00% | 0.00% | 0.00% | 77.63% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 77.63% |
Other | 0.00% | 0.00% | 0.00% | 77.63% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 77.63% |
Bond Sector Breakdown
Weighting | Return Low | Return High | LTFXX % Rank | |
---|---|---|---|---|
Municipal | 98.19% | 0.00% | 99.21% | 6.58% |
Cash & Equivalents | 1.81% | 0.79% | 100.00% | 96.05% |
Derivative | 0.00% | 0.00% | 0.00% | 77.63% |
Securitized | 0.00% | 0.00% | 0.00% | 77.63% |
Corporate | 0.00% | 0.00% | 0.00% | 77.63% |
Government | 0.00% | 0.00% | 13.45% | 81.58% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | LTFXX % Rank | |
---|---|---|---|---|
US | 98.19% | 0.00% | 99.21% | 6.58% |
Non US | 0.00% | 0.00% | 0.00% | 77.63% |
LTFXX - Expenses
Operational Fees
LTFXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.77% | 0.15% | 1.77% | 1.32% |
Management Fee | 0.25% | 0.08% | 0.49% | 82.89% |
12b-1 Fee | 0.05% | 0.00% | 0.75% | 22.73% |
Administrative Fee | N/A | 0.05% | 0.50% | N/A |
Sales Fees
LTFXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
LTFXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
LTFXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 0.00% | N/A |
LTFXX - Distributions
Dividend Yield Analysis
LTFXX | Category Low | Category High | LTFXX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.12% | 2.26% | 5.22% | 52.63% |
Dividend Distribution Analysis
LTFXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
LTFXX | Category Low | Category High | LTFXX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.03% | 0.00% | 0.12% | 10.53% |
Capital Gain Distribution Analysis
LTFXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.003 | OrdinaryDividend |
Aug 30, 2024 | $0.003 | OrdinaryDividend |
Jul 31, 2024 | $0.002 | OrdinaryDividend |
Apr 30, 2024 | $0.003 | OrdinaryDividend |
Mar 28, 2024 | $0.003 | OrdinaryDividend |
Feb 29, 2024 | $0.002 | OrdinaryDividend |
Jan 31, 2024 | $0.002 | OrdinaryDividend |
Dec 29, 2023 | $0.003 | OrdinaryDividend |
Nov 30, 2023 | $0.003 | OrdinaryDividend |
Oct 31, 2023 | $0.003 | OrdinaryDividend |
Sep 29, 2023 | $0.003 | OrdinaryDividend |
Aug 31, 2023 | $0.003 | OrdinaryDividend |
Jul 31, 2023 | $0.003 | OrdinaryDividend |
Jun 30, 2023 | $0.003 | OrdinaryDividend |
May 31, 2023 | $0.003 | OrdinaryDividend |
Apr 28, 2023 | $0.002 | OrdinaryDividend |
Mar 31, 2023 | $0.002 | OrdinaryDividend |
Feb 28, 2023 | $0.002 | OrdinaryDividend |
Jan 31, 2023 | $0.002 | OrdinaryDividend |
Dec 30, 2022 | $0.002 | OrdinaryDividend |
Nov 30, 2022 | $0.001 | OrdinaryDividend |
Oct 31, 2022 | $0.002 | OrdinaryDividend |
Sep 30, 2022 | $0.001 | OrdinaryDividend |
Aug 31, 2022 | $0.001 | OrdinaryDividend |
Jul 29, 2022 | $0.000 | OrdinaryDividend |
Jun 30, 2022 | $0.000 | OrdinaryDividend |
May 31, 2022 | $0.000 | OrdinaryDividend |
Apr 29, 2022 | $0.000 | OrdinaryDividend |
Mar 31, 2022 | $0.000 | OrdinaryDividend |
Feb 28, 2022 | $0.000 | OrdinaryDividend |
Jan 31, 2022 | $0.000 | OrdinaryDividend |
Dec 31, 2021 | $0.000 | OrdinaryDividend |
Nov 30, 2021 | $0.000 | OrdinaryDividend |
Oct 29, 2021 | $0.000 | OrdinaryDividend |
Sep 30, 2021 | $0.000 | OrdinaryDividend |
Aug 31, 2021 | $0.000 | OrdinaryDividend |
Jul 30, 2021 | $0.000 | OrdinaryDividend |
Jun 30, 2021 | $0.000 | OrdinaryDividend |
May 28, 2021 | $0.000 | OrdinaryDividend |
Apr 30, 2021 | $0.000 | OrdinaryDividend |
Mar 31, 2021 | $0.000 | OrdinaryDividend |
Feb 26, 2021 | $0.000 | OrdinaryDividend |
Jan 29, 2021 | $0.000 | OrdinaryDividend |
Dec 31, 2020 | $0.000 | OrdinaryDividend |
Nov 30, 2020 | $0.000 | OrdinaryDividend |
Oct 30, 2020 | $0.000 | OrdinaryDividend |
Sep 30, 2020 | $0.000 | OrdinaryDividend |
Jun 30, 2020 | $0.000 | OrdinaryDividend |
Feb 28, 2020 | $0.001 | OrdinaryDividend |
Jan 31, 2020 | $0.001 | OrdinaryDividend |
Dec 31, 2019 | $0.001 | OrdinaryDividend |
Nov 29, 2019 | $0.001 | OrdinaryDividend |
Oct 31, 2019 | $0.001 | OrdinaryDividend |
Sep 30, 2019 | $0.001 | OrdinaryDividend |
Aug 30, 2019 | $0.001 | OrdinaryDividend |
Jul 31, 2019 | $0.001 | OrdinaryDividend |