Investment Objective
The Fund seeks to provide shareholders with liquidity and as a high level of current income from U.S. government obligations as is consistent with preservation of capital.
Investment Strategy
Under normal conditions, the Fund invests all of its assets in U.S. Treasury bills, notes and bonds, Treasury receipts, and securities issues by U.S. government agencies and instrumentalities that are backed by the full faith and credit of the U.S. Treasury.
Although the Fund is permitted to maintain a weighted average maturity of up to 90 days, under normal conditions the Fund will maintain a shorter maturity. The Fund may not generate as high a yield as other funds with longer weighted average maturities.
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
- Best known as an active fixed-income manager offering products spanning the yield curve and the globe.
- Founded in 1971, the Firm's philosophy centers upon a team approach that unites groups of specialists dedicated to different market sectors.
Category: U.S. Treasury Money Market Funds
Rankings Details
| CLASS | NASDAQ | CUSIP |
| N | CISXX | 52470R805 |
|
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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."Citi" is a service mark of Citigroup, licensed for use by Legg Mason as the name of funds. Legg Mason and its affiliates, as well as the Funds' investment manager, are not affiliated with Citigroup.
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Legg Mason Investor Services, LLC, and Western Asset Management Company are subsidiaries of Legg Mason, Inc.
INVESTMENT PRODUCTS: NOT FDIC INSURED / NO BANK GUARANTEE / MAY LOSE VALUE
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