Western Asset / Citi Institutional Liquid Reserves

Investment Objective

The Fund seeks to provide liquidity and as 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, asset-backed commercial paper;
  • 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.

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.

Lipper Rankings

Category: Instl Money Market Funds

Rankings Details >

Symbols

CLASSNASDAQCUSIP
ACILXX52470G882



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 Liquid Reserves.

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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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