About LMLCX
Western Asset SMASh Series C Fund is a diversified mutual fund in the fixed income category, designed to maximize total return through a combination of capital appreciation and income, adhering to principles of prudent investment management. Its primary focus is on corporate obligations, but it also makes significant use of derivatives and related instruments, allowing for flexible risk management and return strategies within fixed income markets. The fund has a global mandate, with a notable allocation to both domestic and foreign bonds, and virtually no exposure to equities or preferred stocks, maintaining a bond-centric portfolio. As of early 2025, about 67.5% of its assets are allocated to domestic bonds and 30.7% to foreign bonds, with total bond holdings representing over 98% of the fund's assets. The fund’s top holdings often include U.S. Treasury futures, government bonds from emerging markets such as Mexico and Colombia, and high-grade corporate debt. With assets surpassing $1 billion, the fund stands out in its category for both size and portfolio concentration. It pays dividends monthly, distributes capital gains annually, and typically maintains medium to extensive interest rate sensitivity. The fund is managed by Western Asset, employing a multi-manager approach to navigate global fixed income opportunities.
Fund Family Franklin Templeton Investments
Category Miscellaneous Fixed Income
Performance Rating High
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol LMLCX
Share Class Smash Series C Fund
Index Bloomberg U.S. Credit TR
LMLCX had a total return of 13.56% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.13%.
