Western Asset Institutional Money Market Fund

Investment Objective

The Fund seeks maximum current income consistent with preservation of capital and the maintenance of liquidity.

Investment Strategy

The Fund invests in high quality, U.S. dollar denominated short-term debt securities, primarily obligations of U.S. and non-U.S. financial institutions and commercial paper. The Fund may invest more than 25% of its assets in bank obligations, such as certificates of deposit, bankers' acceptances and time deposits.

Institutional Money Market 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, other short-term debt securities and repurchase agreements. These instruments may be issued by all types of issuers, including U.S. and foreign private issuers (such as special purpose vehicles), the U.S. Government or any of its agencies or instrumentalities and U.S. states and municipalities. These instruments 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: Instl Money Market Funds

Rankings Details >

Symbols

CLASS	NASDAQ	CUSIP
Institutional	INSXX	52470G825

Related Resources

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

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Prior to April 16, 2007, Western Asset Institutional Money Market Fund was known as Smith Barney Institutional Cash Management Fund Inc. – Cash Portfolio.

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.

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