FNMA TBA MAR 30 SINGLE FAM 4.5000% Mat 03/01/2056
Fixed Income
LMECX Western Asset SMASh Series Core Plus Completion Fund
Popular Documents
Total Net Assets
$692.29M
As of 02/28/2026 (Updated Monthly)
The SMASh Series is available only in a Separately Managed Account (SMA)
Overview
Fund Facts
Fund description
The fund seeks to maximize total return consisting of capital appreciation and income, consistent with prudent investment management.
- Benchmark
- Bloomberg U.S. Aggregate Index
- Dividend Frequency, if any
- Monthly
- Fund Inception Date
- 12/29/2006
- Distribution Rate at NAV
As of 03/13/2026 (Updated Daily) - 6.65%
- Effective Duration
As of 02/28/2026 (Updated Monthly) - 5.7693
Additional Fund Info
- Share Class Inception Date
- 12/29/2006
- Investment Style
- Corporate Credit
- Lipper Classification
- Global Income Funds
- Morningstar Category
4 - Miscellaneous Fixed Income
Identifiers
- Ticker
- LMECX
- Fund Number
- 7938
- CUSIP Code
- 52470G734
Manager and Commentary
About the Team
Western Asset Management is one of the world's leading global fixed income managers. Founded in 1971, the firm is known for team management and proprietary research, supported by robust risk management and a long-term fundamental value approach.
Latest Insights
March 9, 2026
February 22, 2026
February 19, 2026
January 28, 2026
Portfolio
Assets
As of02/28/2026 (Updated Monthly)
- Total Net Assets
- $692.29 Million
Portfolio Statistics
As of 02/28/2026 (Updated Monthly)
Cash Flow
- Fund
- 5.94%
Sector Allocation
As of 02/28/2026 % of Total (Updated Monthly)
| Sector | % of Total |
|---|---|
Agency Mortgage-Backed Securities | 36.49% |
Investment-Grade Credit | 19.67% |
Commercial Mortgage Backed Securities | 16.12% |
High-Yield Credit | 16.06% |
Non-Agency Mortgage Backed Securities | 11.12% |
EM Local Currency | 10.99% |
Bank Loans | 6.76% |
Emerging Markets Corporate | 5.78% |
Collateralized Loan Obligation | 5.71% |
Emerging Markets Government | 4.47% |
Treasury | 4.12% |
Inflation-Linked | 0.18% |
Other | 0.11% |
Cash & Cash Equivalents | -37.57% |
For more information about the no-fee fund that your account holds, please click here
Holdings
As of 02/28/2026 (Updated Monthly)
GNMA II TBA 30 YR 2.5 JUMBOS 2.5000% Mat 03/20/2056
FNMA 30YR TBA 12/49 2.0000% Mat 03/01/2056
GINNIE MAE 2.0000% Mat 03/20/2056
INTER-AMERICAN DEVELOPMENT BAN 7.3500% Mat 10/06/2030
BRAZIL NOTAS DO TESOURO NACION 10.0000% Mat 01/01/2033
BARCLAYS COMMERCIAL MORTGAGE T 3.0630% Mat 11/15/2052
FNMA 3% TBA MBS 30yr Mat 03/01/2056
UNITED STATES TREASURY NOTE/BO 4.7500% Mat 11/15/2043
FNMA 4% TBA MBS 30YR Mat 03/01/2056
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security..
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- June, December
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
03/12/2026
02/12/2026
01/14/2026
Pricing
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Western Asset SMASh Series Core Plus Completion Fund - Single Class | |||
| Annual Financial Statements and Other Information - Western Asset SMASh Series Core Plus Completion Fund | |||
| Semi-Annual Report - Western Asset SMASh Series Core Plus Completion Fund - Single Class | |||
| Semi-Annual Financial Statements and Other Information - Western Asset SMASh Series Core Plus Completion Fund | |||
| Prospectus - Western Asset SMASh Series Core Plus Completion Fund | |||
| Statement of Additional Information - Western Asset SMASh Series Core Plus Completion Fund | |||
| Fiscal Q1 Holdings - Western Asset SMASh Series Core Plus Completion Fund | |||
| Fiscal Q3 Holdings - Western Asset SMASh Series Core Plus Completion Fund |
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. These and other risks are discussed in the fund’s prospectus.
Important Information
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
The Bloomberg U.S. Aggregate Index is comprised of investment-grade, U.S. dollar-denominated government, corporate, and mortgage- and asset-backed issues having at least one year to maturity.
Source: Bloomberg Indices.