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
| ISIN | US52470G7429 |
|---|---|
| Issuer | Legg Mason |
| Inception Date | Dec 27, 2006 |
| Category | Corporate Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
The Western Asset SMASh Series C 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 C 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 C Fund had a return of -2.88% year-to-date (YTD) and 4.14% in the last 12 months. Over the past 10 years, Western Asset SMASh Series C Fund had an annualized return of 4.07%, while the S&P 500 had an annualized return of 10.55%, indicating that Western Asset SMASh Series C Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -2.88% | 6.30% |
| 1 month | -2.43% | -3.13% |
| 6 months | 10.08% | 19.37% |
| 1 year | 4.14% | 22.56% |
| 5 years (annualized) | 3.62% | 11.65% |
| 10 years (annualized) | 4.07% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.51% | -1.37% | 1.77% | |||||||||
| 2023 | -3.63% | -2.50% | 7.96% | 5.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Western Asset SMASh Series C Fund(LMLCX)
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.
Dividends
Dividend History
Western Asset SMASh Series C Fund granted a 6.07% dividend yield in the last twelve months. The annual payout for that period amounted to $0.54 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.54 | $0.42 | $0.36 | $0.35 | $0.41 | $0.60 | $0.40 | $0.36 | $0.53 | $0.48 | $0.38 |
Dividend yield | 6.07% | 5.78% | 4.79% | 3.75% | 3.54% | 4.16% | 6.71% | 4.04% | 3.75% | 5.64% | 5.04% | 4.06% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.04 | $0.04 | |||||||||
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2013 | $0.01 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.08 |
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 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 3.39%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.45% | Feb 20, 2020 | 22 | Mar 20, 2020 | 173 | Nov 24, 2020 | 195 |
| -9.95% | Nov 9, 2021 | 224 | Sep 29, 2022 | 72 | Jan 12, 2023 | 296 |
| -8.28% | 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 |
| -5.27% | Feb 28, 2007 | 105 | Jul 30, 2007 | 201 | May 15, 2008 | 306 |
Volatility
Volatility Chart
The current Western Asset SMASh Series C Fund volatility is 2.57%, 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.