Investment Objective
The Fund seeks to provide shareholders with maximum current income and preservation of capital.
Investment Strategy
The Fund invests exclusively in U.S. government obligations, including mortgage-backed securities and related repurchase agreements. U.S. government obligations are securities issued or guaranteed by the U.S. government or any of its agencies and instrumentalities, including government-sponsored entities. These securities may pay interest at fixed, floating or adjustable rates or may be purchased at a discount. U.S. government obligations may include mortgage-backed, asset-backed and structured securities. U.S. government obligations are not necessarily backed by the full faith and credit of the United States. Although the Fund invests in U.S. government obligations, an investment in the Fund is neither insured nor guaranteed by the U. S. government.
The Fund invests exclusively in securities that are rated at the time of purchase by a nationally recognized rating organization in the highest rating category applicable to the investment, or if unrated, in the subadviser's opinion of equivalent quality.
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.
Category: U.S. Government Money Market Funds
Rankings Details >
| CLASS | NASDAQ | CUSIP |
| A | SMGXX | 52470R847 |
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| I | SGYXX | 52470R839 |
|
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 16, 2007, Western Asset Government Money Market Fund was known as Smith Barney Money Funds, Inc.—Government 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.| 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. |
INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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