Western Asset SMASh Series TF (LSMSX)

Fund Assets	92.97M
Expense Ratio	0.04%
Min. Investment	$0.00
Turnover	18.00%
Dividend (ttm)	0.38
Dividend Yield	3.99%
Dividend Growth	-11.92%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 14, 2026

Previous Close	9.60
YTD Return	1.16%
1-Year Return	6.34%
5-Year Return	4.12%
52-Week Low	9.38
52-Week High	9.91
Beta (5Y)	0.30
Holdings	246
Inception Date	Dec 23, 2015

About LSMSX

Western Asset SMASh Series TF Fund is a mutual fund designed to provide investors with exposure to the municipal bond market, focusing primarily on tax-free income generation. The fund invests in a diversified portfolio of municipal securities, which are typically issued by state and local governments to finance public projects. Its primary benchmark is the Bloomberg Municipal Total Return Index, with the portfolio comprising hundreds of individual holdings to help manage risk while seeking attractive after-tax returns. A notable feature of this fund is its classification as "non-diversified," allowing it to allocate a larger percentage of assets to select issuers compared to diversified funds, which may increase both risk and return potential. The SMASh Series TF Fund is structured to appeal to investors seeking tax-advantaged income, making it particularly relevant for those in higher tax brackets. Managed by Western Asset, a recognized specialist in fixed income strategies, the fund plays an important role in offering access to the municipal bond sector and supporting public infrastructure funding through its investment activities.

• Fund Family: Franklin Templeton Investments
• Category: Miscellaneous Fixed Income
• Performance Rating: Above Average
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: LSMSX
• Index: Bloomberg Municipal Bond TR

Performance

LSMSX had a total return of 6.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.66%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FLUVX	Fidelity	Fidelity Advisor Municipal Income M	0.75%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.50%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.50%
FUENX	Fidelity	Fidelity Flex Municipal Income Fund	n/a
FHIGX	Fidelity	Fidelity Municipal Income Fund	0.43%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 14, 2026	$0.03418	Aug 14, 2026
Jul 15, 2026	$0.0351	Jul 15, 2026
Jun 16, 2026	$0.03429	Jun 16, 2026
May 15, 2026	$0.03399	May 15, 2026
Apr 15, 2026	$0.03104	Apr 15, 2026
Mar 13, 2026	$0.03067	Mar 13, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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