LMECX — Western Asset SMASh Series Core Plus Completion Fund
Data updated: 2026-05-28
LMECX — Western Asset SMASh Series Core Plus Completion Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Securitized (MBS/ABS/CMBS) Bond · $659.92M AUM · 0.00% expense ratio · 5.8% 1-yr return. From SEC regulatory filings.
LMECX Fund Overview
LMECX — Western Asset SMASh Series Core Plus Completion Fund is a US mutual fund managed by Legg Mason Partners Institutional Trust, categorised as Long Securitized (MBS/ABS/CMBS) Bond. 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 Institutional Trust
- Category: Long Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $659.92M
- 1-year return: 5.8%
- Ticker: LMECX
- SEC CIK: 0000889512
- SEC series ID: S000014683
- Share class ID: C000040181
LMECX Holdings
Top 10 holdings of Western Asset SMASh Series Core Plus Completion Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Federal National Mortgage Association | 8.94% |
| Federal National Mortgage Association | 4.83% |
| Federal National Mortgage Association | 3.81% |
| Federal National Mortgage Association | 3.78% |
| Government National Mortgage Association | 3.51% |
| Government National Mortgage Association | 3.34% |
| Bbcms Mortgage Trust 2019-C5 | 2.89% |
| Brazil, Federative Republic Of - Secretaria Do Tesouro Nacional | 2.87% |
| Government National Mortgage Association | 2.85% |
| United States Treasury Bonds | 2.55% |
LMECX Portfolio Allocation
Asset-class allocation of Western Asset SMASh Series Core Plus Completion Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 83.1% |
| Fixed Income | 56.3% |
| Loans | 6.5% |
| Derivatives | 1.9% |
LMECX Performance
Total returns for LMECX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -1.2% |
| 1 year | 5.8% |
| 3 years (annualised) | 3.2% |
| 5 years (annualised) | -1.7% |
LMECX Risk Information
Risk metrics for LMECX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.4%
LMECX Costs and Fees
LMECX costs about $0 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.00%
- Gross expense ratio: 0.04%
- Portfolio turnover: 299%
- Brokerage commissions: 14.14 bps of average net assets (SEC N-CEN)
LMECX Cashflows
Over the 12 months to 2026-03, Western Asset SMASh Series Core Plus Completion Fund had net outflows of $184.32M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$7.97M |
| 2026-02 | −$9.47M |
| 2026-01 | −$9.07M |
| 2025-12 | −$14.24M |
| 2025-11 | −$13.88M |
| 2025-10 | −$5.11M |
LMECX Debt Constituents
Largest debt holdings of Western Asset SMASh Series Core Plus Completion Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Brazil, Federative Republic Of - Secretaria Do Tesouro Nacional | 2.87% |
| United States Treasury Bonds | 2.55% |
| Inter-American Development Bank | 2.47% |
| Teva Pharmaceutical Finance Netherlands III B.V. | 2.32% |
| United States Treasury Bonds | 1.78% |
| CSC Holdings, LLC | 1.06% |
| Carnival Corporation | 1.01% |
| Brazil, Federative Republic Of - Secretaria Do Tesouro Nacional | 1.00% |
| Comision Federal de Electricidad | 0.99% |
| Costa Rica (Republic Of) | 0.98% |
LMECX Prospectus and SEC Filings
Official Western Asset SMASh Series Core Plus Completion Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Securitized (MBS/ABS/CMBS) Bond 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.