Western Asset SMASh Series C Fund (LMLCX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
8.94
-0.02 (-0.22%)
Jul 3, 2025, 4:00 PM EDT
-1.76%
Fund Assets 377.37M
Expense Ratio n/a
Min. Investment $0.00
Turnover 6.00%
Dividend (ttm) 0.58
Dividend Yield 6.53%
Dividend Growth 8.44%
Payout Frequency Monthly
Ex-Dividend Date Jun 17, 2025
Previous Close 8.96
YTD Return 5.61%
1-Year Return 3.99%
5-Year Return 23.33%
52-Week Low 8.33
52-Week High 9.70
Beta (5Y) 0.40
Holdings 278
Inception Date Dec 27, 2006

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
Stock Exchange NASDAQ
Ticker Symbol LMLCX
Share Class Smash Series C Fund
Index Bloomberg U.S. Credit TR

Performance

LMLCX had a total return of 3.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.61%.

Top 10 Holdings

22.06% of assets
Name Symbol Weight
INTERCONTINENTAL EXCHANGE, INC. - CDS CDX.NA.IG.43.V1 n/a 5.37%
UNITED MEXICAN STATES - Mexico Government International Bond MEX.4.4 02.12.52 3.26%
REPUBLIC OF COLOMBIA - Colombia Government International Bond COLOM.5 06.15.45 2.25%
US TREASURY N/B - United States Treasury Note/Bond T.4.625 05.15.54 2.04%
Citigroup Inc C.V4.91 05.24.33 1.63%
Mastercard Inc MA.3.65 06.01.49 1.61%
Bank of America Corp BAC.V2.572 10.20.32 1.56%
JPMorgan Chase & Co JPM.V4.912 07.25.33 1.56%
Morgan Stanley MS.V6.342 10.18.33 1.46%
FirstEnergy Corp FE.4.85 07.15.47 C 1.33%
View More Holdings

Dividend History

Ex-Dividend Amount Pay Date
Jun 17, 2025 $0.04917 Jun 17, 2025
May 15, 2025 $0.03881 May 15, 2025
Apr 15, 2025 $0.05018 Apr 15, 2025
Mar 14, 2025 $0.04285 Mar 14, 2025
Feb 14, 2025 $0.04631 Feb 14, 2025
Jan 15, 2025 $0.02021 Jan 15, 2025
Full Dividend History