Western Asset SMASh Series M Fund (LMSMX) belongs to the Intermediate Core-Plus Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with LMSMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to LMSMX
LMSMX charges 0.00% annually. No mutual funds in the Intermediate Core-Plus Bond category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.16%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Mercer Core Fixed Income Fund | 0.16% | — | Aug 2005 | LMSMX vs MCFIX | |
| State Street Income Fund | 0.20% | — | Jan 1980 | LMSMX vs SSASX | |
| TIAA-CREF Core Bond Fund | 0.29% | — | Jul 1999 | LMSMX vs TIBDX | |
| Elfun Income Fund | 0.29% | — | Dec 1984 | LMSMX vs EINFX | |
| Baird Core Plus Bond Fund | 0.30% | — | Sep 2000 | LMSMX vs BCOIX |
Best Risk-Adjusted Alternatives to LMSMX
LMSMX has a PortfoliosLab risk / return rank of 54. There are 10 mutual funds in the Intermediate Core-Plus Bond category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 99 | — | Jul 2016 | LMSMX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 92 | — | Jul 2010 | LMSMX vs LCTIX | |
| GMO Multi-Sector Fixed Income Fund | 90 | — | Apr 1997 | LMSMX vs GUGAX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 89 | — | Jul 2010 | LMSMX vs LCTRX | |
| MassMutual Diversified Bond Fund | 86 | — | May 1999 | LMSMX vs MDVAX |
Top Performing LMSMX Alternatives (YTD)
LMSMX is at 0.82% YTD. There are 10 mutual funds in the Intermediate Core-Plus Bond category with higher YTD returns, going as high as 3.01%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| 1290 Diversified Bond Fund | 3.01% | — | Jul 2015 | LMSMX vs TNUIX | |
| MassMutual Diversified Bond Fund | 2.33% | — | May 1999 | LMSMX vs MDVAX | |
| Holbrook Income Fund Class I | 2.33% | — | Jul 2016 | LMSMX vs HOBIX | |
| Putnam Mortgage Securities Fund | 2.29% | — | Feb 1984 | LMSMX vs PGSIX | |
| Nuveen Core Plus Impact Fund | 1.77% | — | Apr 2021 | LMSMX vs NPCT |
Lowest Volatility Alternatives to LMSMX
LMSMX has 4.68% 1-year volatility. There are 129 mutual funds in the Intermediate Core-Plus Bond category with lower 1-year volatility, going as low as 1.17%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AAMA Income Fund | 1.17% | — | Jun 2017 | LMSMX vs AMFIX | |
| Archer Income Fund | 1.82% | — | Mar 2011 | LMSMX vs ARINX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 2.04% | — | Jul 2010 | LMSMX vs LCTRX | |
| Holbrook Income Fund Class I | 2.05% | — | Jul 2016 | LMSMX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 2.10% | — | Jul 2010 | LMSMX vs LCTIX |
Lowest Drawdown Alternatives to LMSMX
LMSMX has a 1-year max drawdown of -2.64%. There are 24 mutual funds in the Intermediate Core-Plus Bond category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Holbrook Income Fund Class I | -0.51% | — | Jul 2016 | LMSMX vs HOBIX | |
| AAMA Income Fund | -0.74% | — | Jun 2017 | LMSMX vs AMFIX | |
| GMO Multi-Sector Fixed Income Fund | -1.00% | — | Apr 1997 | LMSMX vs GUGAX | |
| Leader Capital High Quality Income Fund Institutio... | -1.17% | — | Jul 2010 | LMSMX vs LCTIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | -1.17% | — | Jul 2010 | LMSMX vs LCTRX |
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 Equities | 83 | 35.37% | — | Jan 2018 | LMSMX vs LCSMX | |
| ClearBridge Select Fund | Mid Cap Growth Equities | 9 | 3.59% | — | Nov 2012 | LMSMX vs LCSSX | |
| Franklin U.S. Large Cap Equity Fund | Large Cap Blend Equities | 78 | 10.96% | — | Apr 2008 | LMSMX vs LMISX | |
| Western Asset Ultra-Short Income Fund | Ultrashort Bond | 98 | 1.23% | — | Jun 1992 | LMSMX vs ARMGX | |
| ClearBridge Sustainability Leaders Fund | Large Cap Blend Equities | 38 | 9.23% | — | Mar 2015 | LMSMX vs LCILX | |
| BrandywineGLOBAL - Global Opportunities Bond Fund | Global Bonds | 21 | 2.45% | — | Oct 2006 | LMSMX vs GOBSX | |
| Franklin International Equity Fund | Foreign Large Cap Equities | 58 | 11.82% | — | Feb 1995 | LMSMX vs LMGEX | |
| ClearBridge Value Trust | Large Cap Value Equities | 79 | 13.23% | — | Apr 1982 | LMSMX vs LMVTX | |
| ClearBridge Global Infrastructure Income Fund | Infrastructure Equities, Energy Equities | 77 | 13.05% | — | Mar 2016 | LMSMX vs RGSVX | |
| ClearBridge International Growth Fund | Foreign Large Cap Equities | 11 | 1.25% | — | Apr 1995 | LMSMX vs LMGTX |
Often Compared With LMSMX
Investors most often compare LMSMX with DCFFX, LMASX, AAIIX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare LMSMX with Any Fund or Stock
Compare LMSMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair LMSMX with funds that move differently
Western Asset SMASh Series M Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to LMSMX.
Explore LMSMX Diversifiers