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Western Asset SMASh Series Core Plus Completion Fu...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Western Asset SMASh Series Core Plus Completion Fund (LMECX)

Mutual Fund · Currency in USD · Last updated May 31, 2025

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

LMECX has an expense ratio of 0.00%, meaning no management fees are charged.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Western Asset SMASh Series Core Plus Completion Fund

Performance

Performance Chart

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S&P 500

Returns By Period

Western Asset SMASh Series Core Plus Completion Fund (LMECX) returned 4.02% year-to-date (YTD) and 3.12% over the past 12 months. Over the past 10 years, LMECX returned 0.72% annually, underperforming the S&P 500 benchmark at 10.85%.

LMECX

YTD

4.02%

1M

0.50%

6M

2.68%

1Y

3.12%

3Y*

-1.00%

5Y*

-3.00%

10Y*

0.72%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of LMECX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20252.67%0.68%-0.58%0.71%0.50%4.02%
2024-1.62%-0.40%1.38%-3.45%1.52%-1.45%1.44%0.19%0.98%-2.34%1.50%-1.29%-3.64%
20236.02%-3.21%-0.10%1.00%-1.00%2.79%1.21%-2.88%-5.42%-3.95%7.31%6.34%7.36%
2022-3.14%-6.16%-4.83%-8.99%-0.13%-6.05%4.91%-3.99%-9.30%-1.85%7.88%-0.79%-29.12%
2021-2.02%-1.73%-1.81%2.96%2.21%0.37%0.47%0.83%-1.32%0.31%-1.84%1.99%0.25%
20200.21%-1.21%-15.02%2.60%4.90%1.19%3.18%0.80%-1.36%-0.34%5.87%2.54%1.70%
20195.54%-1.11%0.64%1.12%0.62%4.31%-0.55%1.06%1.57%3.08%-1.59%3.33%19.29%
20181.53%-1.44%1.28%-2.26%-1.93%-0.75%2.46%-2.78%1.00%-3.25%-0.09%3.73%-2.74%
20170.45%1.19%0.84%0.99%1.55%1.68%2.32%0.98%0.25%-1.38%0.34%-0.35%9.19%
20160.54%0.78%2.11%1.62%0.26%2.51%1.42%1.13%-0.15%-0.06%-2.23%1.72%9.98%
20153.19%-0.49%-0.16%-0.29%0.30%-2.47%2.05%-1.14%-0.67%1.84%-0.26%-1.27%0.47%
2014-0.56%1.53%0.94%0.17%1.94%0.68%0.00%2.23%-0.85%1.61%0.28%-0.32%7.86%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of LMECX is 40, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of LMECX is 4040
Overall Rank
The Sharpe Ratio Rank of LMECX is 4848
Sharpe Ratio Rank
The Sortino Ratio Rank of LMECX is 4747
Sortino Ratio Rank
The Omega Ratio Rank of LMECX is 4141
Omega Ratio Rank
The Calmar Ratio Rank of LMECX is 1717
Calmar Ratio Rank
The Martin Ratio Rank of LMECX is 4747
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Western Asset SMASh Series Core Plus Completion Fund Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 0.68
  • 5-Year: -0.33
  • 10-Year: 0.09
  • All Time: 0.48

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Western Asset SMASh Series Core Plus Completion Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Western Asset SMASh Series Core Plus Completion Fund provided a 6.03% dividend yield over the last twelve months, with an annual payout of $0.35 per share.

0.00%2.00%4.00%6.00%8.00%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.35$0.37$0.39$0.06$0.56$0.14$0.77$0.40$0.70$0.54$0.56$0.59

Dividend yield

6.03%6.38%6.12%0.95%6.29%1.45%8.13%4.64%7.64%5.96%6.43%6.30%

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.01$0.03$0.01$0.03$0.03$0.11
2024$0.02$0.04$0.03$0.04$0.00$0.03$0.04$0.03$0.04$0.00$0.04$0.07$0.37
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$0.39
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$0.06
2021$0.00$0.00$0.02$0.03$0.03$0.11$0.03$0.04$0.03$0.03$0.03$0.22$0.56
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$0.14
2019$0.01$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.38$0.77
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$0.40
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$0.70
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$0.54
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$0.56
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$0.59

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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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 25.12%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-36.98%Sep 16, 2021279Oct 24, 2022———
-22.21%Feb 20, 202023Mar 23, 2020197Dec 31, 2020220
-9.45%Feb 22, 2007108Jul 27, 2007264Aug 14, 2008372
-9.24%Sep 18, 2017301Nov 26, 201844Jan 31, 2019345
-7.7%May 10, 201331Jun 24, 2013171Feb 27, 2014202
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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