Western Asset Government Reserves
Fund
SMGXX
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
4.1%
1 yr return
4.5%
3 Yr Avg Return
3.2%
5 Yr Avg Return
2.0%
Net Assets
$1.4 B
Holdings in Top 10
63.7%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.57%
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
IRA
$250
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
SMGXX - Profile
Distributions
- YTD Total Return 4.1%
- 3 Yr Annualized Total Return 3.2%
- 5 Yr Annualized Total Return 2.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.01%
- Dividend Yield 4.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWestern Asset Government Reserves
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateDec 15, 1999
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManagement Team
Fund Description
The fund is a money market fund that invests exclusively in short-term U.S. government securities, including U.S. Treasuries and securities issued or guaranteed by the U.S. government or its agencies, authorities, instrumentalities or sponsored entities and in repurchase agreements collateralized by government securities. These securities may pay interest at fixed, floating or adjustable rates or may be issued at a discount. U.S. government securities are not necessarily backed by the full faith and credit of the United States. The fund may also hold cash for cash management and defensive purposes. Although the fund invests in U.S. government securities, an investment in the fund is neither insured nor guaranteed by the U.S. government.
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, if not rated, are determined by the subadviser to be of equivalent quality.
As noted above, the fund invests exclusively in short-term U.S. government securities and in repurchase agreements collateralized by government securities. Therefore, the fund meets the requirement under Rule 2a-7 under the Investment Company Act of 1940, as amended (the “1940 Act”), that a government money market fund invest at least 99.5% of its total assets in U.S. government securities, cash, and/or repurchase agreements that are fully collateralized by U.S. government securities or cash. In addition, the fund meets the requirement under Rule 35d-1 under the 1940 Act that a fund that includes the term “government” in its name invest, under normal circumstances, at least 80% of its net assets in U.S. government securities and/or repurchase agreements that are collateralized by U.S. government securities. “Government securities” means any securities issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing.
As a government money market fund, the fund tries to maintain a share price of $1.00. Pursuant to Rule 2a-7 under the 1940 Act, the fund must follow strict rules as to the quality, liquidity, diversification and maturity of its investments.
SMGXX - Performance
Return Ranking - Trailing
Period | SMGXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.1% | 0.5% | 9.5% | 61.39% |
1 Yr | 4.5% | 0.5% | 10.0% | 61.88% |
3 Yr | 3.2%* | 0.7% | 5.1% | 66.39% |
5 Yr | 2.0%* | 0.5% | 110.7% | 67.44% |
10 Yr | 1.3%* | 0.4% | 32.4% | 62.62% |
* Annualized
Return Ranking - Calendar
Period | SMGXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | -0.1% | 5.0% | 87.31% |
2022 | 0.0% | 0.0% | 1.2% | 90.65% |
2021 | 0.0% | 0.0% | 0.0% | 91.76% |
2020 | 0.0% | 0.0% | 0.4% | 92.47% |
2019 | 0.0% | 0.0% | 2.0% | 92.45% |
Total Return Ranking - Trailing
Period | SMGXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.1% | 0.5% | 9.5% | 61.39% |
1 Yr | 4.5% | 0.5% | 10.0% | 61.88% |
3 Yr | 3.2%* | 0.7% | 5.1% | 66.39% |
5 Yr | 2.0%* | 0.5% | 110.7% | 67.44% |
10 Yr | 1.3%* | 0.4% | 32.4% | 62.62% |
* Annualized
Total Return Ranking - Calendar
Period | SMGXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.9% | 0.8% | 5.9% | 60.91% |
2022 | 1.2% | 0.0% | 1.7% | 54.29% |
2021 | 0.0% | 0.0% | 1.9% | 48.35% |
2020 | 0.3% | 0.0% | 3.0% | 69.88% |
2019 | 1.6% | 0.0% | 3797.9% | 68.24% |
NAV & Total Return History
SMGXX - Holdings
Concentration Analysis
SMGXX | Category Low | Category High | SMGXX % Rank | |
---|---|---|---|---|
Net Assets | 1.4 B | 818 K | 211 B | 22.77% |
Number of Holdings | 71 | 1 | 346 | 37.47% |
Net Assets in Top 10 | 9.8 B | 147 K | 163 B | 46.15% |
Weighting of Top 10 | 63.74% | 22.7% | 100.0% | 51.53% |
Top 10 Holdings
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
- Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
Asset Allocation
Weighting | Return Low | Return High | SMGXX % Rank | |
---|---|---|---|---|
Cash | 73.74% | 25.56% | 100.00% | 64.11% |
Bonds | 22.33% | 0.00% | 74.44% | 56.93% |
Convertible Bonds | 3.93% | 0.00% | 21.22% | 4.46% |
Stocks | 0.00% | 0.00% | 0.00% | 91.09% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 91.09% |
Other | 0.00% | -1.67% | 0.04% | 89.85% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SMGXX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 73.74% | 0.00% | 100.00% | 62.38% |
Government | 22.33% | 0.00% | 44.01% | 55.94% |
Corporate | 3.93% | 0.00% | 100.00% | 7.67% |
Derivative | 0.00% | 0.00% | 0.00% | 91.09% |
Securitized | 0.00% | 0.00% | 1.75% | 91.58% |
Municipal | 0.00% | 0.00% | 22.71% | 92.33% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SMGXX % Rank | |
---|---|---|---|---|
US | 22.33% | 0.00% | 72.86% | 56.93% |
Non US | 0.00% | 0.00% | 3.41% | 91.58% |
SMGXX - Expenses
Operational Fees
SMGXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.57% | 0.07% | 2.23% | 26.73% |
Management Fee | 0.44% | 0.03% | 0.50% | 97.77% |
12b-1 Fee | 0.10% | 0.00% | 1.00% | 45.61% |
Administrative Fee | N/A | 0.01% | 0.55% | N/A |
Sales Fees
SMGXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 5.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
SMGXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 5.00% | 5.00% | 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.
SMGXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 485.00% | N/A |
SMGXX - Distributions
Dividend Yield Analysis
SMGXX | Category Low | Category High | SMGXX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.56% | 0.00% | 5.42% | 68.32% |
Dividend Distribution Analysis
SMGXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
SMGXX | Category Low | Category High | SMGXX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.01% | -1.09% | 1.67% | 75.44% |
Capital Gain Distribution Analysis
SMGXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.004 | OrdinaryDividend |
Aug 30, 2024 | $0.004 | OrdinaryDividend |
Jul 31, 2024 | $0.004 | OrdinaryDividend |
Apr 30, 2024 | $0.004 | OrdinaryDividend |
Mar 28, 2024 | $0.004 | OrdinaryDividend |
Feb 29, 2024 | $0.004 | OrdinaryDividend |
Jan 31, 2024 | $0.004 | OrdinaryDividend |
Dec 29, 2023 | $0.004 | OrdinaryDividend |
Nov 30, 2023 | $0.004 | OrdinaryDividend |
Oct 31, 2023 | $0.004 | OrdinaryDividend |
Sep 29, 2023 | $0.004 | OrdinaryDividend |
Aug 31, 2023 | $0.004 | OrdinaryDividend |
Jul 31, 2023 | $0.004 | OrdinaryDividend |
Jun 30, 2023 | $0.004 | OrdinaryDividend |
May 31, 2023 | $0.004 | OrdinaryDividend |
Apr 28, 2023 | $0.004 | OrdinaryDividend |
Mar 31, 2023 | $0.004 | OrdinaryDividend |
Feb 28, 2023 | $0.003 | OrdinaryDividend |
Jan 31, 2023 | $0.003 | OrdinaryDividend |
Dec 30, 2022 | $0.003 | OrdinaryDividend |
Nov 30, 2022 | $0.003 | OrdinaryDividend |
Oct 31, 2022 | $0.002 | OrdinaryDividend |
Sep 30, 2022 | $0.002 | OrdinaryDividend |
Aug 31, 2022 | $0.001 | OrdinaryDividend |
Jul 29, 2022 | $0.001 | 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 |
Aug 31, 2020 | $0.000 | OrdinaryDividend |
Jul 31, 2020 | $0.000 | OrdinaryDividend |
Jun 30, 2020 | $0.000 | OrdinaryDividend |
May 29, 2020 | $0.000 | OrdinaryDividend |
Apr 30, 2020 | $0.000 | OrdinaryDividend |
Mar 31, 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 | $0.002 | OrdinaryDividend |
Dec 07, 2012 | $0.000 | CapitalGainShortTerm |