Investment Objective
Liquidity and as high a level of current income as is consistent with the preservation of capital. There is no assurance that the Fund will achieve its objectives.
Investment Profile
Benchmark
The Fund's benchmark is the iMoneyNet AAA-rated 1st Tier Taxable Money Market Funds Average. Other client benchmarks may include overnight and seven-day deposit rates.
Investment Structure
U.S.$-denominated, diversified open-end fund. Please note that the Fund invests in securities through an underlying mutual fund, Prime Cash Reserves Portfolio.
Minimum Investment
U.S.$1 million
Client Suitability
U.S. and certain foreign institutions (please consult your tax adviser) with high liquidity requirements, short or uncertain investment time horizons, and very low or no tolerance for loss of principal. Appropriate for operating cash, surplus funds and targeted-purpose funds.
Key Strengths
- Value is added through active management; a disciplined investment process combines traditional analysis with sophisticated quantitative techniques to seek the early identification of evolving opportunities.
- Maturity and duration are determined against a 3 - 6-month interest rate outlook and anticipated yield curve structure.
- Economic fundamentals support identification of broad interest rate and sector trends.
- Technical analysis supports short-term trading decisions.
- Anticipated yield curve structure determines appropriate maturity blend to achieve targeted average maturity.
- Sectors are weighted according to relative value, risk/reward characteristics, and credit supply/demand conditions.
- Only the highest-quality securities are considered for investment, supported by internal and external credit research.
- Securities are chosen based on many considerations including yield, relative value, liquidity and diversification.
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.
Investment Manager
Kevin Kennedy
Category: Instl Money Market Funds
Rankings Details
| CLASS | NASDAQ | CUSIP |
| I | N/A | 52470G106 |
|
| L | CFRXX | 52470G205 |
|
| O | CARXX | 52470G304 |
|
| S | CFSXX | 52470G403 |
|
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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."Salomon Brothers" and "Smith Barney" are service marks of Citigroup, licensed for use by Legg Mason as the names of funds and investment advisers. Legg Mason and its affiliates, as well as the fund's investment manager, are not affiliated with Citigroup.
"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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