Western Asset Money Market Fund

Investment Objective

The Fund seeks to provide shareholders with maximum current income and 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 all types of issuers, including U.S. and foreign private issuers and financial institutions, the U.S. government, its agencies or instrumentalities and U.S. states and municipalities. The Fund may invest more than 25% of its assets in bank obligations, such as certificates of deposit, fixed-time deposits and bankers' acceptances. Either the principal amount of each obligation must be fully insured by the FDIC or the issuing bank must have more than $100 million of working capital or more than $1 billion of total assets.

The Fund may invest in all types of money market instruments, including commercial paper, asset-backed commercial paper and other mortgage and asset-backed securities, structured investments, repurchase agreements and other short-term debt securities. These securities may pay interest at fixed, floating or adjustable rates or may be purchased at a discount. The Fund limits foreign investments to U.S. dollar denominated securities of issuers located in major industrialized countries.

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: Money Market Funds

Rankings Details >

Symbols

CLASSNASDAQCUSIP
ASBCXX52470R888
BSBOXX52470R870
CSBZXX52470R862
ISCYXX52470R854



Morningstar ratings are only shown for those funds that have achieved a 4 or 5 star rating.

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 a profit or protect against market loss.

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. Legg Mason Investor Services, LLC, is a subsidiary 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.


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