Western Asset SMASh Series C Fund (LMLCX)
The fund normally invests in a portfolio of debt obligations of various maturities. The Advisor expects to invest primarily in corporate obligations and in derivatives and other instruments relating to such investments. The fund currently limits its investments to U.S. dollar denominated investment grade debt obligations. It is non-diversified.
Fund Info
US52470G7429
Dec 27, 2006
$0
Expense Ratio
LMLCX has an expense ratio of 0.00%, meaning no management fees are charged.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Western Asset SMASh Series C Fund (LMLCX) returned 2.91% year-to-date (YTD) and 2.58% over the past 12 months. Over the past 10 years, LMLCX returned 3.53% annually, underperforming the S&P 500 benchmark at 10.84%.
LMLCX
2.91%
-0.58%
-2.06%
2.58%
5.17%
4.09%
3.53%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of LMLCX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.94% | 3.76% | -1.19% | -0.43% | -0.12% | 2.91% | |||||||
| 2024 | -0.51% | -1.37% | 1.77% | -3.07% | 2.35% | 0.57% | 2.36% | 2.07% | 1.59% | -4.39% | 2.39% | -5.55% | -2.22% |
| 2023 | 5.28% | -3.49% | 3.39% | 0.70% | -1.47% | 1.70% | 0.68% | -1.24% | -3.63% | -2.50% | 7.95% | 5.62% | 12.93% |
| 2022 | -2.50% | -2.15% | 1.41% | -3.56% | 1.57% | -3.98% | 2.75% | -0.17% | -2.48% | 2.01% | 4.96% | -0.67% | -3.20% |
| 2021 | -0.70% | -0.20% | 0.47% | 0.32% | 0.38% | 1.14% | -0.23% | 0.31% | -0.24% | 0.19% | -1.26% | 1.19% | 1.35% |
| 2020 | 0.02% | -1.92% | -12.50% | 5.48% | 3.74% | 2.04% | 3.19% | -0.03% | -1.58% | 0.60% | 4.14% | 0.96% | 2.93% |
| 2019 | 3.18% | 1.00% | 1.40% | 1.22% | -1.25% | 3.18% | 1.10% | 1.16% | -0.21% | 0.66% | 1.04% | 1.74% | 15.11% |
| 2018 | 0.54% | -1.58% | -0.49% | -0.13% | -0.69% | -1.53% | 2.50% | -0.35% | 0.99% | -1.74% | -1.33% | -1.29% | -5.07% |
| 2017 | 0.68% | 1.02% | 0.17% | 0.64% | 0.79% | 0.26% | 1.12% | 0.18% | 0.93% | 0.55% | -0.08% | 0.71% | 7.20% |
| 2016 | -1.70% | -0.45% | 3.71% | 2.00% | -0.42% | 1.66% | 1.22% | 1.12% | 0.18% | 0.08% | -1.64% | 1.04% | 6.88% |
| 2015 | 1.08% | 2.26% | -0.13% | 0.75% | 0.71% | -0.80% | -0.13% | -0.91% | -1.10% | 2.13% | 0.01% | -0.94% | 2.89% |
| 2014 | 0.57% | 1.53% | 0.46% | 1.20% | 1.18% | 0.26% | 0.28% | 0.89% | -1.56% | 0.81% | 0.17% | 0.31% | 6.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LMLCX is 17, meaning it’s performing worse than 83% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Western Asset SMASh Series C Fund (LMLCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Western Asset SMASh Series C Fund provided a 6.44% dividend yield over the last twelve months, with an annual payout of $0.56 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.57 | $0.54 | $0.42 | $0.36 | $0.35 | $0.41 | $0.60 | $0.40 | $0.36 | $0.53 | $0.48 |
Dividend yield | 6.44% | 6.58% | 5.78% | 4.79% | 3.75% | 3.54% | 4.16% | 6.71% | 4.04% | 3.75% | 5.64% | 5.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset SMASh Series C 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.05 | $0.04 | $0.03 | $0.04 | $0.18 | |||||||
| 2024 | $0.02 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.11 | $0.57 |
| 2023 | $0.02 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.08 | $0.54 |
| 2022 | $0.01 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.42 |
| 2021 | $0.01 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.36 |
| 2020 | $0.01 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.35 |
| 2019 | $0.01 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.41 |
| 2018 | $0.00 | $0.03 | $0.03 | $0.04 | $0.03 | $0.14 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.15 | $0.60 |
| 2017 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.40 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.36 |
| 2015 | $0.01 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.23 | $0.53 |
| 2014 | $0.01 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.13 | $0.48 |
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 C 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 C Fund was 23.45%, occurring on Mar 20, 2020. Recovery took 173 trading sessions.
The current Western Asset SMASh Series C Fund drawdown is 5.83%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.45% | Feb 20, 2020 | 22 | Mar 20, 2020 | 173 | Nov 24, 2020 | 195 |
| -11.78% | Sep 18, 2024 | 80 | Jan 13, 2025 | — | — | — |
| -9.95% | Nov 9, 2021 | 224 | Sep 29, 2022 | 72 | Jan 12, 2023 | 296 |
| -8.29% | Feb 3, 2023 | 180 | Oct 19, 2023 | 28 | Nov 29, 2023 | 208 |
| -6.59% | May 21, 2015 | 184 | Feb 11, 2016 | 43 | Apr 14, 2016 | 227 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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