Western Asset SMASh Series Core Plus Completion Fund (LMECX)
The fund has a flexible investment strategy and invests in a variety of securities and instruments and uses a variety of investment techniques in pursuing its objective. The Advisor normally expects to invest primarily in any combination of U.S. dollar denominated and non-U.S. dollar denominated debt obligations of both U.S. and non-U.S. issuers and in derivatives and other instruments relating to such investments.
Fund Info
| ISIN | US52470G7346 |
|---|---|
| Issuer | Legg Mason |
| Inception Date | Dec 27, 2006 |
| Category | High Yield Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
The Western Asset SMASh Series Core Plus Completion Fund has an expense ratio of 0.00%, indicating no management fees are charged.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Western Asset SMASh Series Core Plus Completion Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Western Asset SMASh Series Core Plus Completion Fund had a return of -3.44% year-to-date (YTD) and 0.28% in the last 12 months. Over the past 10 years, Western Asset SMASh Series Core Plus Completion Fund had an annualized return of 1.04%, while the S&P 500 had an annualized return of 10.55%, indicating that Western Asset SMASh Series Core Plus Completion Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -3.44% | 6.30% |
| 1 month | -2.49% | -3.13% |
| 6 months | 9.20% | 19.37% |
| 1 year | 0.28% | 22.56% |
| 5 years (annualized) | -3.16% | 11.65% |
| 10 years (annualized) | 1.04% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.62% | -0.41% | 1.38% | |||||||||
| 2023 | -5.42% | -3.94% | 7.31% | 6.34% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Western Asset SMASh Series Core Plus Completion Fund(LMECX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Western Asset SMASh Series Core Plus Completion Fund (LMECX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Western Asset SMASh Series Core Plus Completion Fund granted a 6.69% dividend yield in the last twelve months. The annual payout for that period amounted to $0.40 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.39 | $0.06 | $0.56 | $0.14 | $0.77 | $0.40 | $0.70 | $0.54 | $0.56 | $0.59 | $0.64 |
Dividend yield | 6.69% | 6.13% | 0.93% | 6.28% | 1.45% | 8.12% | 4.65% | 7.64% | 5.96% | 6.43% | 6.30% | 6.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset SMASh Series Core Plus Completion Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.03 | $0.03 | |||||||||
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 | $0.00 | $0.02 | $0.06 |
| 2022 | $0.01 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.03 | $0.03 | $0.10 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.22 |
| 2020 | $0.02 | $0.04 | $0.04 | $0.02 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.01 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.38 |
| 2018 | $0.01 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.00 | $0.07 |
| 2017 | $0.02 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.33 |
| 2016 | $0.02 | $0.03 | $0.04 | $0.03 | $0.02 | $0.03 | $0.03 | $0.04 | $0.03 | $0.02 | $0.04 | $0.23 |
| 2015 | $0.02 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.18 |
| 2014 | $0.02 | $0.03 | $0.04 | $0.04 | $0.02 | $0.03 | $0.03 | $0.04 | $0.04 | $0.02 | $0.03 | $0.26 |
| 2013 | $0.02 | $0.02 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.05 | $0.05 | $0.06 | $0.23 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Western Asset SMASh Series Core Plus Completion Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Western Asset SMASh Series Core Plus Completion Fund was 36.98%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Western Asset SMASh Series Core Plus Completion Fund drawdown is 27.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -36.98% | Sep 16, 2021 | 279 | Oct 24, 2022 | — | — | — |
| -22.21% | Feb 20, 2020 | 23 | Mar 23, 2020 | 197 | Dec 31, 2020 | 220 |
| -9.45% | Feb 22, 2007 | 108 | Jul 27, 2007 | 264 | Aug 14, 2008 | 372 |
| -9.24% | Sep 18, 2017 | 301 | Nov 26, 2018 | 44 | Jan 31, 2019 | 345 |
| -7.7% | May 10, 2013 | 31 | Jun 24, 2013 | 171 | Feb 27, 2014 | 202 |
Volatility
Volatility Chart
The current Western Asset SMASh Series Core Plus Completion Fund volatility is 2.71%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.