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Trending ETFs

Name

As of 11/01/2024

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

$1.4 B

4.56%

$0.05

0.57%

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 11/01/2024

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

$1.4 B

4.56%

$0.05

0.57%

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%
DIVIDENDS
  • Dividend Yield 4.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Government Reserves
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    Dec 15, 1999
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management 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.
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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

  1. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
  2. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
  3. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
  4. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
  5. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
  6. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
  7. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
  8. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
  9. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.3 04/01/2022 42.42%
  10. 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

View More +

SMGXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

Apr 30, 2003

19.1

19.1%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 46.68 15.23 19.01