Western Asset SMASh Series TF Fund (LSMSX)
9.75
-0.02
(-0.20%)
USD |
Apr 28 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.07% | 94.23M | -- | 27.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -5.078M | 7.29% |
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize current interest income that is excluded from gross income for regular federal income tax purposes. The Fund invests at least 80% of its assets in municipal securities and other investments with similar economic characteristics, the interest on which is exempt from regular federal tax. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured Municipal Debt Funds |
| Fund Owner Firm Name | Franklin Templeton |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
59
-80.05M
Peer Group Low
1.343B
Peer Group High
1 Year
% Rank:
46
-5.078M
-1.220B
Peer Group Low
5.473B
Peer Group High
3 Months
% Rank:
34
-450.58M
Peer Group Low
1.343B
Peer Group High
3 Years
% Rank:
47
-4.649B
Peer Group Low
15.86B
Peer Group High
6 Months
% Rank:
56
-647.07M
Peer Group Low
2.698B
Peer Group High
5 Years
% Rank:
46
-8.023B
Peer Group Low
33.08B
Peer Group High
YTD
% Rank:
34
-450.58M
Peer Group Low
1.343B
Peer Group High
10 Years
% Rank:
51
-7.260B
Peer Group Low
44.72B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of April 29, 2026.
Asset Allocation
As of March 31, 2026.
| Type | % Net |
|---|---|
| Cash | 0.05% |
| Stock | 0.00% |
| Bond | 99.48% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.47% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| NEW YORK N Y NY 3.400 08/01/2040 | 3.80% | 100.00 | 0.00% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV CA 5.000 01/01/2055 | 2.37% | 102.50 | -0.05% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV NY 5.000 06/15/2049 | 2.20% | 105.20 | -0.08% |
| NEW JERSEY ST TRANSN TR FD AUTH NJ 0.000 12/15/2031 | 2.19% | 84.52 | -0.10% |
| GAINESVILLE FLA INDL DEV REV FL 3.650 05/01/2033 | 2.16% | 100.00 | 0.00% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV CA 5.000 02/01/2055 | 1.96% | 105.27 | -0.11% |
| METROPOLITAN NASHVILLE ARPT AUTH TENN ARPT REV TN 5.000 07/01/2040 | 1.59% | 109.14 | -0.08% |
| OREGON ST FACS AUTH REV OR 3.350 08/01/2034 | 1.48% | 100.00 | 0.00% |
| PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV PA 5.250 06/30/2053 | 1.42% | 100.66 | -0.06% |
| ILLINOIS ST IL 5.000 12/01/2041 | 1.37% | 105.87 | -0.06% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | -- |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 0.00 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize current interest income that is excluded from gross income for regular federal income tax purposes. The Fund invests at least 80% of its assets in municipal securities and other investments with similar economic characteristics, the interest on which is exempt from regular federal tax. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured Municipal Debt Funds |
| Fund Owner Firm Name | Franklin Templeton |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (4-27-26) | 3.86% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 10 |
| Bond | |
| Yield to Maturity (3-31-26) | 4.12% |
| Effective Duration | -- |
| Average Coupon | 4.46% |
| Calculated Average Quality | 2.952 |
| Effective Maturity | 14.36 |
| Nominal Maturity | 18.82 |
| Number of Bond Holdings | 9 |
As of March 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 12/23/2015 |
| Last Annual Report Date | 2/28/2025 |
| Last Prospectus Date | 7/1/2025 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund |
|
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:LSMSX", "name") |
| Broad Asset Class: =YCI("M:LSMSX", "broad_asset_class") |
| Broad Category: =YCI("M:LSMSX", "broad_category_group") |
| Prospectus Objective: =YCI("M:LSMSX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |