Western Asset SMASh Series TF Fund (LSMSX)
| Fund Assets | 94.11M |
| Expense Ratio | 0.04% |
| Min. Investment | $0.00 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.57% |
| Dividend Growth | -12.59% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 15, 2026 |
| Previous Close | 9.62 |
| YTD Return | 0.09% |
| 1-Year Return | 5.30% |
| 5-Year Return | 4.57% |
| 52-Week Low | 9.27 |
| 52-Week High | 9.91 |
| Beta (5Y) | 0.30 |
| Holdings | 241 |
| 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.
Performance
LSMSX had a total return of 5.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.62%.
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 Fund - Class M | 0.75% |
| FKISX | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class 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 |
|---|---|---|
| May 15, 2026 | $0.03399 | May 15, 2026 |
| Apr 15, 2026 | $0.03104 | Apr 15, 2026 |
| Mar 13, 2026 | $0.03067 | Mar 13, 2026 |
| Feb 13, 2026 | $0.03137 | Feb 13, 2026 |
| Jan 15, 2026 | $0.01287 | Jan 15, 2026 |
| Dec 16, 2025 | $0.03905 | Dec 16, 2025 |