FANNIE MAE OR FREDDIE MAC 5.5000% Mat 10/01/2056
Fixed Income
WAADX Western Asset SMASh Series Core Completion Fund
Popular Documents
The SMASh Series is available only in a Separately Managed Account (SMA)
Overview
Fund Facts
- Benchmark
- Bloomberg U.S. Aggregate Index
- Fund Inception Date
- 08/14/2020
Sales Charges, Expenses & Fees
As of 07/01/2026- Gross Expense Ratio
- 0.17%
- Net Expense Ratio
1 - 0.00%
- Maximum Initial Charge
- —
- CDSC
- N/A
Additional Fund Info
- Share Class Inception Date
- 08/14/2020
- Investment Style
- Multi-Sector
- Lipper Classification
- Corporate Debt Funds BBB-Rated
- Morningstar Category
2 - Miscellaneous Fixed Income
Identifiers
- Ticker
- WAADX
- CUSIP Code
- 52470G460
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
October 29, 2026
September 16, 2026
September 10, 2026
Portfolio
Portfolio Statistics
As of 09/30/2026 (Updated Monthly)
Cash Flow
- Fund
- 6.28%
Holdings
As of 09/30/2026 (Updated Monthly)
Goldman Sachs & Co RP 3.7900% Mat 10/01/2026
FNMA TBA OCT 30 YR SINGLE FA 3.5000% Mat 10/01/2054
GINNIE MAE 2.0000% Mat 10/20/2055
GNMA 5% TBA MBS 30yr Mat 10/20/2056
GINNIE MAE 2.5000% Mat 10/20/2055
UNITED STATES TREASURY NOTE/BO 4.0000% Mat 06/30/2032
FNMA TBA 30 YR 6 SINGLE FAMILY 6.0000% Mat 10/01/2056
FNMA TBA OCT 30 SINGLE FAM 5.0000% Mat 10/01/2056
US TREASURY BOND 4.2500% Mat 02/15/2054
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
12/14/2026
10/14/2026
09/14/2026
08/13/2026
07/14/2026
06/15/2026
05/14/2026
04/14/2026
03/12/2026
02/12/2026
01/14/2026
Pricing
Pricing History
As of 10/28/2026 (Updated Daily)
Daily Fund Prices
As of 10/28/2026
Share Prices
As of 10/28/2026
- NAV
3 (Net Asset Value) - $5.96
52-Week Range
- Highest NAV
As of 02/27/2026 - $6.25
- Lowest NAV
As of 10/05/2026 - $5.90
Documents
Regulatory Documents
Annual Report - Western Asset SMASh Series Core Completion Fund - Single Class
Annual Financial Statements and Other Information - Western Asset SMASh Series Core Completion Fund
Semi-Annual Report - Western Asset SMASh Series Core Completion Fund - Single Class
Semi-Annual Financial Statements and Other Information - Western Asset SMASh Series Core Completion Fund
Prospectus - Western Asset SMASh Series Prospectus
Statement of Additional Information - Legg Mason Partners Institutional Trust Book 3
Fiscal Q1 Holdings - Western Asset SMASh Series Core Completion Fund
Fiscal Q3 Holdings - Western Asset SMASh Series Core 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. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. 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.
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.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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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.
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.
All Putnam-named funds and Franklin Retirement Advantage, Franklin Dynamic Asset Allocation, and Franklin Multi-Asset Income-named funds and Royce funds are not exchangeable for other funds distributed by Franklin Distributors, LLC.