LGMXX — Western Asset Government Reserves
Data updated: 2025-12-23
LGMXX — Western Asset Government Reserves. Money Market · 0.75% expense ratio. Holdings, fees, performance and SEC filings.
LGMXX Fund Overview
LGMXX — Western Asset Government Reserves is a US mutual fund managed by Legg Mason Partners Money Market Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Legg Mason Partners Money Market Trust
- Category: Money Market
- Ticker: LGMXX
- SEC CIK: 0000747576
- SEC series ID: S000016623
- Share class ID: C000089729
LGMXX Investment Objective and Strategy
Western Asset Government Reserves describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Legg Mason Partners Money Market Trust.
Investment objective
The fund seeks maximum current income to the extent consistent with preservation of capital and the maintenance of liquidity.
Principal investment strategy
The fund is a money market fund that invests exclusively in short-term U.S. government obligations, including U.S. Treasuries and securities issued or guaranteed by the U.S. government or its agencies, authorities, instrumentalities or sponsored entities and in repurchase agreements collateralized by government obligations. These securities may pay interest at fixed, floating or adjustable rates or may be issued at a discount. 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 in securities that, at the time of purchase, are rated by one or more rating agencies in the highest short term rating category or, if not rated, are determined by the subadviser to be of equivalent quality.
As noted above, the fund invests exclusively in short-term U.S. government obligations and in repurchase agreements collateralized by government obligations. Therefore, the fund meets the requirement under Rule 2a-7 under the Investment Company Act of 1940, as amended, that a government money market fund invest at least 99.5% of its total assets in U.S. government obligations, cash, and/or repurchase agreements that are fully collateralized by U.S. government obligations or cash. In addition, the fund meets the requirement under Rule 35d-1 under the Investment Company Act of 1940, as amended, that a fund that includes the term government in its name invest, under normal circumstances, at least 80% of its net assets in U.S. government obligations and/or repurchase agreements that are collateralized by U.S.
government obligations. As a government money market fund, the fund tries to maintain a share price of $1.00. Under Rule 2a-7 of the Investment Company Act of 1940, as amended, the fund must follow strict rules as to the credit quality, liquidity, diversification and maturity of its investments. Where required by these rules, the funds subadviser or Board of Trustees (the Board) will decide whether a security should be held or sold in the event of credit downgrades or certain other events occurring after purchase.
LGMXX Holdings
Top 1 holdings of Western Asset Government Reserves by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Government Portfolio | 100.00% |
LGMXX Costs and Fees
LGMXX costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 3.39%
LGMXX Debt Constituents
No individual debt constituents are reported in Western Asset Government Reserves's latest SEC N-PORT filing.
LGMXX Prospectus and SEC Filings
Official Western Asset Government Reserves filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.