Investment Objective
The Fund seeks to provide shareholders with liquidity and as a high a level of current income as is consistent with preservation of capital.
Investment Strategy
The Fund may invest in all types of high quality, short-term money market instruments denominated in U.S. dollars. These may include:
- obligations of U.S. and non-U.S. banks and other U.S. and foreign private issuers;
- commercial paper and asset-backed securities;
- obligations of the U.S. government and its agencies and instrumentalities, and repurchase agreements for these obligations; and
- obligations issued or guaranteed by the governments of Western Europe, Australia, Japan and Canada.
The Fund may invest more than 25% of its assets in bank obligations, such as certificates of deposit, fixed- time deposits and bankers’ acceptances.
The Fund may invest in instruments specifically structured so that they are eligible for purchase by money market funds, including securities that have demand, tender or put features, or interest rate reset features.
Investment Risks
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.
The Fund’s yield may be affected by changes in interest rates and changes in credit ratings. Please see the Fund’s prospectus for additional fund specific risks.
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: Instl Money Market Funds
Rankings Details >
| CLASS | NASDAQ | CUSIP |
| L | CFRXX | 52470G205 |
|
| O | CARXX | 52470G304 |
|
| S | CFSXX | 52470G403 |
|
Morningstar ratings are only shown for those funds that have achieved a 4 or 5 star rating.Prior to June 1, 2009, the Fund operated under the name Citi Institutional Cash Reserves.
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.
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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INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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