Western Asset SMASh Series M (LMSMX)
| Fund Assets | 425.67M |
| Expense Ratio | n/a |
| Min. Investment | $0.00 |
| Turnover | 250.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 4.45% |
| Dividend Growth | -9.35% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 15, 2025 |
| Previous Close | 7.94 |
| YTD Return | 8.92% |
| 1-Year Return | 2.48% |
| 5-Year Return | -14.27% |
| 52-Week Low | 7.24 |
| 52-Week High | 8.26 |
| Beta (5Y) | 0.33 |
| Holdings | 164 |
| Inception Date | Dec 27, 2006 |
About LMSMX
Western Asset SMASh Series M Fund is a mutual fund focused on generating total return by seeking both capital appreciation and income, while adhering to a prudent investment management approach. This fund primarily invests a substantial portion of its assets in mortgage-related securities—such as collateralized mortgage obligations—as well as U.S. government and other fixed income securities. Its distinctive approach places it within the “Miscellaneous Fixed Income” category, which includes portfolios with unique mandates that don’t fit standard bond fund classifications. The fund’s design often makes it appropriate for investors looking to complement other holdings, rather than as a core, stand-alone position. Managed by a team of professionals, Western Asset SMASh Series M Fund’s investment decisions are shaped by prevailing economic and market conditions, aiming to provide a balance of growth and income potential while navigating the risks typical of sector-focused strategies and mortgage-backed instruments.
Performance
LMSMX had a total return of 2.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.07%.
Top 10 Holdings
74.15% of assets| Name | Symbol | Weight |
|---|---|---|
| Government National Mortgage A - Ginnie Mae | G2SF.6 6.11 | 11.53% |
| Fannie Mae or Freddie Mac | FNCL.6 6.11 | 10.74% |
| BNY MELLON CASH RESERVE EOD FUND | n/a | 9.55% |
| US TREASURY N/B - United States Treasury Note/Bond | T.4 01.31.29 | 9.00% |
| GOLDMAN SACHS & CO. LLC - Goldman Sachs & Co | n/a | 7.85% |
| Government National Mortgage A - Ginnie Mae | G2SF.4.5 6.11 | 5.95% |
| Government National Mortgage A - Ginnie Mae | n/a | 5.73% |
| Government National Mortgage A - Ginnie Mae | n/a | 4.94% |
| Government National Mortgage A - Ginnie Mae II Pool | n/a | 4.45% |
| Fannie Mae or Freddie Mac | n/a | 4.40% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 15, 2025 | $0.02686 | Aug 15, 2025 |
| Jul 15, 2025 | $0.02344 | Jul 15, 2025 |
| Jun 17, 2025 | $0.02804 | Jun 17, 2025 |
| May 15, 2025 | $0.02371 | May 15, 2025 |
| Apr 15, 2025 | $0.02858 | Apr 15, 2025 |
| Mar 14, 2025 | $0.0249 | Mar 14, 2025 |