Western Asset SMASh Series Core Plus Completion Fund (LMECX) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with LMECX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to LMECX
LMECX charges 0.00% annually. No mutual funds in the High Yield Bonds category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | LMECX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | LMECX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | LMECX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | LMECX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | LMECX vs CRDOX |
Best Risk-Adjusted Alternatives to LMECX
LMECX has a PortfoliosLab risk / return rank of 21. There are 172 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | LMECX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | LMECX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 99 | — | Sep 2010 | LMECX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | LMECX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | LMECX vs PSHNX |
Top Performing LMECX Alternatives (YTD)
LMECX is at 0.58% YTD. There are 173 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.52%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Capital & Income Fund | 8.52% | — | Nov 1977 | LMECX vs FAGIX | |
| Pioneer ILS Interval Fund | 8.28% | — | Dec 2014 | LMECX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.73% | — | Oct 2018 | LMECX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.68% | — | Jul 1995 | LMECX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.52% | — | Jan 1987 | LMECX vs FAHYX |
Lowest Volatility Alternatives to LMECX
LMECX has 4.61% 1-year volatility. There are 164 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.88%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.88% | — | Mar 2019 | LMECX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | LMECX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | LMECX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | LMECX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | Aug 2002 | LMECX vs OSTIX |
Lowest Drawdown Alternatives to LMECX
LMECX has a 1-year max drawdown of -4.26%. There are 177 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | LMECX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | LMECX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | LMECX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | LMECX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | LMECX vs SCFIX |
Other Mutual Funds from Legg Mason
The 10 most viewed Legg Mason mutual funds shown here include LCSMX, LCSSX, LMISX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Martin Currie SMA-Shares Series EM Fund | Emerging Markets Diversified | 97 | 70.59% | — | Jan 2018 | LMECX vs LCSMX | |
| ClearBridge Select Fund | Mid Cap Growth Equities | 11 | 3.46% | — | Nov 2012 | LMECX vs LCSSX | |
| Franklin U.S. Large Cap Equity Fund | Large Cap Blend Equities | 77 | 10.11% | — | Apr 2008 | LMECX vs LMISX | |
| Western Asset Ultra-Short Income Fund | Ultrashort Bond | 98 | 1.07% | — | Jun 1992 | LMECX vs ARMGX | |
| ClearBridge Sustainability Leaders Fund | Large Cap Blend Equities | 45 | 10.54% | — | Mar 2015 | LMECX vs LCILX | |
| BrandywineGLOBAL - Global Opportunities Bond Fund | Global Bonds | 8 | 1.75% | — | Oct 2006 | LMECX vs GOBSX | |
| Western Asset SMASh Series M Fund | Intermediate Core-Plus Bond | 41 | 0.95% | — | Dec 2006 | LMECX vs LMSMX | |
| ClearBridge Value Trust | Large Cap Value Equities | 48 | 11.13% | — | Apr 1982 | LMECX vs LMVTX | |
| ClearBridge Global Infrastructure Income Fund | Energy Equities | 54 | 11.89% | — | Mar 2016 | LMECX vs RGSVX | |
| Franklin International Equity Fund | Foreign Large Cap Equities | 29 | 9.43% | — | Feb 1995 | LMECX vs LMGEX |
Often Compared With LMECX
Investors most often compare LMECX with LMGTX, FOCIX, PRFRX. These 7 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ClearBridge International Growth Fund | Foreign Large Cap Equities | 14 | 8.45% | — | Apr 1995 | LMECX vs LMGTX | |
| Fairholme Focused Income Fund | High Yield Bonds | 38 | 6.44% | — | Dec 2009 | LMECX vs FOCIX | |
| T. Rowe Price Floating Rate Fund | High Yield Bonds | 96 | 0.95% | — | Jul 2011 | LMECX vs PRFRX | |
| American Beacon SiM High Yld Opps Fund | High Yield Bonds | 96 | 1.91% | — | Feb 2011 | LMECX vs SHYPX | |
| American Beacon SiM High Yield Opportunities Fund ... | High Yield Bonds | 96 | 2.06% | — | Feb 2011 | LMECX vs SHOYX | |
| Fidelity Series High Income Fund | High Yield Bonds | 96 | 3.22% | — | Mar 2011 | LMECX vs FSHNX | |
| Nuveen Global High Income Fund | High Yield Bonds | 15 | 5.00% | — | Nov 2014 | LMECX vs JGH |
Compare LMECX with Any Fund or Stock
Compare LMECX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair LMECX with funds that move differently
Western Asset SMASh Series Core Plus Completion Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to LMECX.
Explore LMECX Diversifiers