Investment Objective
The Fund seeks maximum current income to the extent consistent with preservation of capital and the maintenance of liquidity.
Investment Strategy
The Fund invests exclusively in short-term U.S. Government obligations, which are securities issued or guaranteed by the US Government, or any of its agencies and instrumentalities, and related repurchase agreements. These instruments may pay interest at fixed, floating or adjustable rates. U.S. Government obligations may include mortgage-backed, asset-backed and structured securities. Although the Fund invests in U.S. Government obligations, U.S. Government obligations are not necessarily backed by the full faith and credit of the United States, and an investment in the fund is neither insured nor guaranteed by the U.S. Government.
Investment Risks
Although the Fund seeks to preserve the value of your investment at one dollar per share, it is possible to lose money by investing in the Fund, or the Fund could underperform other short-term debt instruments or money market funds if:
- interest rates rise sharply;
- an issuer or guarantor of securities held by the fund defaults or has its credit rating downgraded; or
- the manager's judgment about the value or credit quality of a particular security proves to be incorrect.
To the extent that the Fund invests in asset-backed, mortgage-backed or mortgage-related securities, its exposure to prepayment and extension risks may be greater than investments in other money market instruments.
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 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 U.S. Government Money Market Funds
Rankings Details
| CLASS | NASDAQ | CUSIP |
| A | INGXX | 52470G791 |
|
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Prior to April 16, 2007, Western Asset Institutional Government Money Market Fund was known as Smith Barney Institutional Cash Management Fund Inc. – government Portfolio.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.| 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. |
Legg Mason Investor Services, LLC, and Western Asset Management Company are subsidiaries of Legg Mason, Inc.
INVESTMENT PRODUCTS: NOT FDIC INSURED / NO BANK GUARANTEE / MAY LOSE VALUE
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FINRA,
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