LWAXX: Western Asset Tax Free Reserves A

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LWAXX Western Asset Tax Free Reserves A

  • Fund
  • LWAXX
  • Price as of: Dec 06, 2019
  • $1.00
    - $0.00 - 0.00%

Profile

LWAXX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $77.2 M
  • Holdings in Top 10 28.2%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.96%

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 $250

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 0.6%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.00%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Tax Free Reserves
  • Fund Family Name
    Legg Mason
  • Inception Date
    Aug 17, 2010
  • 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. 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

LWAXX - Performance

Return Ranking - Trailing

Period LWAXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 90.44%
1 Yr 0.9% 0.0% 3.2% 18.30%
3 Yr 0.6%* 0.0% 1.8% 18.62%
5 Yr 0.4%* 0.0% 1.2% 19.90%
10 Yr N/A* 0.0% 1.4% N/A

* Annualized

Return Ranking - Calendar

Period LWAXX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% 0.0% 0.0% 90.09%
2017 0.0% 0.0% 0.0% 90.21%
2016 0.0% 0.0% 0.0% 89.68%
2015 0.0% 0.0% 0.0% 89.29%
2014 0.0% 0.0% 0.0% 89.26%

Total Return Ranking - Trailing

Period LWAXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 90.44%
1 Yr 0.9% -5.2% 3.2% 17.13%
3 Yr 0.6%* -1.6% 1.8% 18.42%
5 Yr 0.4%* -1.0% 1.2% 19.65%
10 Yr N/A* -0.5% 1.4% N/A

* Annualized

Total Return Ranking - Calendar

Period LWAXX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% 0.0% 0.0% 90.09%
2017 0.0% 0.0% 0.0% 90.20%
2016 0.0% 0.0% 0.0% 89.68%
2015 0.0% 0.0% 0.0% 89.29%
2014 0.0% 0.0% 0.0% 89.26%

NAV & Total Return History


Holdings

LWAXX - Holdings

Concentration Analysis

LWAXX Category Low Category High LWAXX % Rank
Net Assets 77.2 M 53.2 K 160 B 95.91%
Number of Holdings 116 2 1098 37.72%
Net Assets in Top 10 97.7 M 53.1 K 98.7 B 88.24%
Weighting of Top 10 28.17% 9.2% 112.9% 77.52%

Top 10 Holdings

  1. UNIVERSITY WIS HOSPS & CLINICS AUTH REV 1.27% 3.66%
  2. NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY RENT HSG REV 1.2% 3.26%
  3. NEW YORK ST HSG FIN AGY REV 1.36% 3.13%
  4. ROCKWALL TEX INDPT SCH DIST 1.16% 2.85%
  5. NEW YORK ST ENERGY RESH & DEV AUTH 1.18% 2.71%
  6. OREGON ST FACS AUTH REV 1.2% 2.65%
  7. HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV 1.19% 2.58%
  8. IDAHO HEALTH FACS AUTH REV 1.2% 2.54%
  9. NEW YORK N Y 1.35% 2.51%
  10. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 1.35% 2.29%

Asset Allocation

Weighting Return Low Return High LWAXX % Rank
Bonds
96.67% 0.00% 103.85% 3.48%
Cash
3.33% 0.00% 100.40% 96.43%
Stocks
0.00% 0.00% 0.00% 90.40%
Preferred Stocks
0.00% 0.00% 0.12% 90.40%
Other
0.00% -5.71% 100.00% 84.48%
Convertible Bonds
0.00% 0.00% 13.91% 90.40%

Bond Sector Breakdown

Weighting Return Low Return High LWAXX % Rank
Municipal
96.67% 0.00% 99.82% 2.35%
Cash & Equivalents
3.33% 0.00% 100.40% 96.71%
Derivative
0.00% 0.00% 1.58% 90.40%
Securitized
0.00% 0.00% 35.60% 92.00%
Corporate
0.00% 0.00% 17.24% 94.17%
Government
0.00% 0.00% 103.85% 94.07%

Bond Geographic Breakdown

Weighting Return Low Return High LWAXX % Rank
US
96.67% 0.00% 103.85% 3.48%
Non US
0.00% 0.00% 21.12% 93.32%

Expenses

LWAXX - Expenses

Operational Fees

LWAXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.00% 6.36% 14.72%
Management Fee 0.45% 0.00% 0.57% 94.89%
12b-1 Fee 0.10% 0.00% 1.00% 40.83%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

LWAXX 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

LWAXX 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.

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

Distributions

LWAXX - Distributions

Dividend Yield Analysis

LWAXX Category Low Category High LWAXX % Rank
Dividend Yield 0.60% 0.00% 3.55% 59.15%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

LWAXX Category Low Category High LWAXX % Rank
Net Income Ratio 1.00% 0.00% 4.52% 83.68%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

LWAXX - 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