About LMECX
Western Asset SMASh Series Core Plus Completion Fund is an open‑end mutual fund focused on multi‑sector fixed income. Its primary objective is to maximize total return through a blend of capital appreciation and income, applying prudent risk management across global bond markets. The strategy is flexible, investing in U.S. and non‑U.S. dollar‑denominated debt from government, securitized, and corporate issuers, and employing derivatives and currency hedging to refine duration, credit exposure, and foreign exchange risk. The fund operates as a “completion” vehicle, designed to complement separately managed accounts by filling targeted fixed‑income exposures rather than serving as a stand‑alone core holding. Managed under the Franklin Templeton/Western Asset platform, it draws on deep research and active sector rotation across areas such as mortgages, emerging markets sovereigns, and developed‑market rates. The portfolio can incorporate foreign exchange forwards and other instruments to align risk factors with its Core Plus mandate while seeking diversified sources of income. Founded in 2006, it sits within the Miscellaneous Fixed Income category, reflecting a mandate that spans traditional and nontraditional bond sectors for broad, actively managed exposure.
Fund Family Franklin Templeton Investments
Category Miscellaneous Fixed Income
Performance Rating Low
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol LMECX
Share Class Smash Series Core Plus Completion Fund
Index Bloomberg U.S. Aggregate Bond TR
LMECX had a total return of 6.40% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.66%.
