Western Asset Money Market Fund

Investment Objective

Seeks to maximize current income and the preservation of capital.

Investment Strategy

The Fund invests in high quality U.S.-dollar denominated short-term debt securities. These may include obligations issued by U.S. and foreign banks, the U.S. government, its agencies or instrumentalities, U.S. states and municipalities and U.S. and foreign corporate issuers. The Fund will invest at least 25% of its assets in obligations of domestic and foreign banks.

The Fund may invest in all types of money market securities, including commercial paper, certificates of deposit, bankers' acceptances, mortgage-backed and asset-backed securities, repurchase agreements and other short-term debt securities. These securities may pay interest at fixed, floating or adjustable rates. The Fund limits foreign investments to issuers located in major industrialized countries.

Investment Risks

Although the Fund seeks to preserve the value of your investment at one dollar per share, it is possible to lose money by investing in the Fund, or the Fund could underperform other short-term debt instruments or money market funds if:

interest rates rise sharply;
an issuer or guarantor of securities held by the fund defaults or has its credit rating downgraded; or
the manager's judgment about the value or credit quality of a particular security proves to be incorrect.

An investment in a money market fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

Investment Management

Managed by Western Asset Management Co.

Founded in 1971
Best known as an active fixed income manager offering products spanning the yield curve and the globe
Firm's philosophy centers upon a team approach

Lipper Rankings

Category: Money Market Funds

Rankings Details

Symbols

CLASS	NASDAQ	CUSIP
A	SBCXX	52470R888

B	SBOXX	52470R870

C	SBZXX	52470R862

Exchange A	LMTXX	52470R722

Related Resources

Legg Mason, Inc., its affiliates, and its employees are not in the business of providing tax or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the "promotion or marketing" of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Prior to April 13, 2007, the Fund operated under the name Smith Barney Money Funds, Inc.

Legg Mason Partners Fund Advisor, LLC, was named as the Fund's investment manager, and appointed Western Asset Management Company as subadvisor to assume the day-to-day management of the Fund.

Diversification does not assure against market risk.

INVESTMENT PRODUCTS: NOT FDIC INSURED / NO BANK GUARANTEE / MAY LOSE VALUE

Investors should consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about a fund. To obtain a free prospectus, please view the product specific page on this website and click on the prospectus link. An investor should read the prospectus carefully before investing.

Please note that an investment in a money market fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

All investment managers mentioned are subsidiaries of Legg Mason, Inc.

This site is intended for U.S. investors only. The products and services described on this site are generally not available to non-U.S. investors.