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Trending ETFs

Name

As of 11/22/2024

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

$1.00

$4.51 B

3.12%

$0.03

1.77%

Vitals

YTD Return

2.9%

1 yr return

3.1%

3 Yr Avg Return

2.2%

5 Yr Avg Return

1.4%

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 11/22/2024

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

$1.00

$4.51 B

3.12%

$0.03

1.77%

LTFXX - Profile

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.03%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Western Asset Select Tax Free Reserves
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    Dec 23, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • 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. 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.
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LTFXX - Performance

Return Ranking - Trailing

Period LTFXX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% 2.1% 4.9% 61.84%
1 Yr 3.1% 2.2% 5.3% 53.95%
3 Yr 2.2%* 1.4% 3.7% 52.94%
5 Yr 1.4%* 0.9% 2.3% 58.33%
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% 73.68%
2022 0.0% 0.0% 0.0% 72.37%
2021 0.0% 0.0% 0.0% 70.59%
2020 0.0% 0.0% 0.0% 69.70%
2019 0.0% 0.0% 0.0% 72.86%

Total Return Ranking - Trailing

Period LTFXX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% 2.1% 4.9% 61.84%
1 Yr 3.1% 2.2% 5.3% 53.95%
3 Yr 2.2%* 1.4% 3.7% 52.94%
5 Yr 1.4%* 0.9% 2.3% 58.33%
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

  1. UNIVERSITY WIS HOSPS & CLINICS AUTH REV 0.11% 4.39%
  2. NEW YORK ST ENERGY RESH & DEV AUTH 0.03% 4.26%
  3. NEW YORK ST HSG FIN AGY REV 0.03% 3.76%
  4. NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY RENT HSG REV 0.75% 3.57%
  5. INDIANA FIN AUTH HOSP REV 0.6% 3.01%
  6. NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY REV 0.68% 2.89%
  7. MOBILE CNTY ALA INDL DEV AUTH POLLUTION CTL REV 0.6% 2.89%
  8. IDAHO HEALTH FACS AUTH REV 0.67% 2.86%
  9. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 0.03% 2.85%
  10. 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% 72.37%
Preferred Stocks
0.00% 0.00% 0.00% 72.37%
Other
0.00% 0.00% 0.00% 72.37%
Convertible Bonds
0.00% 0.00% 0.00% 72.37%

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% 72.37%
Securitized
0.00% 0.00% 0.00% 72.37%
Corporate
0.00% 0.00% 0.00% 72.37%
Government
0.00% 0.00% 13.45% 72.37%

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% 72.37%

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 None Monthly Monthly Monthly

Net Income Ratio Analysis

LTFXX Category Low Category High LTFXX % Rank
Net Income Ratio 0.03% 0.00% 0.12% 11.84%

Capital Gain Distribution Analysis

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

Distributions History

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LTFXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

May 21, 1997

25.04

25.0%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.83 27.88 14.18 15.26