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Name

As of 02/18/2022

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

Western Asset Government Reserves

SMTXX | Fund

$1.00

$1.75 B

0.01%

$0.00

0.75%

Vitals

YTD Return

0.0%

1 yr return

0.0%

3 Yr Avg Return

0.5%

5 Yr Avg Return

0.6%

Net Assets

$1.75 B

Holdings in Top 10

43.1%

52 WEEK LOW AND HIGH

$1.0
$1.00
$1.00

Expenses

OPERATING FEES

Expense Ratio 0.75%

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 02/18/2022

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

Western Asset Government Reserves

SMTXX | Fund

$1.00

$1.75 B

0.01%

$0.00

0.75%

SMTXX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Government Reserves
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    May 02, 2016
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The fund is a money market fund that invests exclusively in short-term U.S. government obligations, 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 obligations. These securities may pay interest at fixed, floating or adjustable rates or may be issued at a discount. U.S. government obligations 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 obligations, 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 obligations and in repurchase agreements collateralized by government obligations. 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 obligations, cash, and/or repurchase agreements that are fully collateralized by U.S. government obligations 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 obligations and/or repurchase agreements that are collateralized by U.S. government obligations. 
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 credit quality, liquidity, diversification and maturity of its investments. Where required by these rules, the fund’s subadviser or Board of Trustees (the “Board”) will decide whether a security should be held or sold in the event of credit downgrades or certain other events occurring after purchase. 
Read More

SMTXX - Performance

Return Ranking - Trailing

Period SMTXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -0.1% 0.0% 47.39%
1 Yr 0.0% -2.0% 0.4% 67.20%
3 Yr 0.5%* -0.1% 0.9% 52.80%
5 Yr 0.6%* 0.1% 1.2% 83.54%
10 Yr N/A* 0.1% 0.8% N/A

* Annualized

Return Ranking - Calendar

Period SMTXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.0% 48.15%
2022 0.0% 0.0% 0.4% 49.61%
2021 0.0% 0.0% 2.0% 49.45%
2020 N/A 0.0% 1.5% N/A
2019 N/A 0.0% 0.5% N/A

Total Return Ranking - Trailing

Period SMTXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -0.1% 0.0% 47.39%
1 Yr 0.0% -5.7% 0.4% 64.37%
3 Yr 0.5%* -1.9% 0.9% 52.22%
5 Yr 0.6%* -1.0% 1.2% 83.13%
10 Yr N/A* -0.5% 0.8% N/A

* Annualized

Total Return Ranking - Calendar

Period SMTXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.0% 48.15%
2022 0.0% 0.0% 0.4% 49.61%
2021 0.0% 0.0% 2.0% 49.45%
2020 N/A 0.0% 1.5% N/A
2019 N/A 0.0% 0.5% N/A

NAV & Total Return History

SMTXX - Holdings

Concentration Analysis

SMTXX Category Low Category High SMTXX % Rank
Net Assets 1.75 B 2 260 B 71.87%
Number of Holdings 107 1 346 23.63%
Net Assets in Top 10 7.94 B 29.5 K 173 B 51.54%
Weighting of Top 10 43.10% 19.7% 100.0% 86.74%

Top 10 Holdings

  1. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.05 01/03/202 31.32%
  2. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.05 01/03/202 31.32%
  3. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.05 01/03/202 31.32%
  4. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.05 01/03/202 31.32%
  5. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.05 01/03/202 31.32%
  6. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.05 01/03/202 31.32%
  7. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.05 01/03/202 31.32%
  8. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.05 01/03/202 31.32%
  9. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.05 01/03/202 31.32%
  10. Fed Reserve Bk (2079, 2080, 2081, 2365) Approved Broker Repo 0.05 01/03/202 31.32%

Asset Allocation

Weighting Return Low Return High SMTXX % Rank
Cash 		64.70% 14.50% 100.00% 88.36%
Bonds 		32.32% 0.00% 85.50% 17.29%
Convertible Bonds 		2.99% 0.00% 38.56% 7.19%
Stocks 		0.00% 0.00% 0.00% 49.14%
Preferred Stocks 		0.00% 0.00% 0.00% 49.14%
Other 		0.00% -0.80% 0.08% 49.14%

Bond Sector Breakdown

Weighting Return Low Return High SMTXX % Rank
Cash & Equivalents 		65.16% 0.00% 100.00% 85.10%
Government 		31.90% 0.00% 51.90% 16.78%
Corporate 		2.95% 0.00% 100.00% 9.42%
Derivative 		0.00% 0.00% 0.00% 49.14%
Securitized 		0.00% 0.00% 1.73% 49.66%
Municipal 		0.00% 0.00% 28.54% 52.74%

Bond Geographic Breakdown

Weighting Return Low Return High SMTXX % Rank
US 		32.32% 0.00% 84.21% 17.29%
Non US 		0.00% 0.00% 3.41% 50.17%

SMTXX - Expenses

Operational Fees

SMTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.01% 1.58% 11.53%
Management Fee 0.44% 0.00% 0.50% 97.60%
12b-1 Fee 0.10% 0.00% 1.00% 38.15%
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

SMTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

SMTXX 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.

SMTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 485.00% N/A

SMTXX - Distributions

Dividend Yield Analysis

SMTXX Category Low Category High SMTXX % Rank
Dividend Yield 0.01% 0.00% 0.24% 87.67%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SMTXX Category Low Category High SMTXX % Rank
Net Income Ratio 0.01% -0.01% 1.67% 58.30%

Capital Gain Distribution Analysis

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

Distributions History

View More +

SMTXX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 46.6 14.85 13.01

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