LMSMX – Western Asset SMASh Series M Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize total return consisting of capital appreciation and income, consistent with prudent investment management. The fund primarily invests in a combination of U.S. dollar denominated and non-U.S. dollar denominated investment grade debt obligations of U.S. and non-U.S. issuers and in derivatives and other instruments relating to such investments. The advisor intends to invest in asset-backed and inflation-protected securities and to engage in dollar rolls on mortgage-related securities.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
LMSMX	Western Asset SMASh Series M Fund	No Load	Open	—	—	Dec 27, 2006	$305.55M	0.000%	Low	$0	−$106.59M

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