LMECX — Western Asset SMASh Series Core Plus Completion Fund
Data updated: 2026-08-26
LMECX — Western Asset SMASh Series Core Plus Completion Fund. Long Securitized (MBS/ABS/CMBS) Bond. Holdings, fees, performance and SEC 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: $610.80M
- 1-year return: 4.9%
- 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 | 7.80% |
| Federal National Mortgage Association | 6.08% |
| Government National Mortgage Association | 4.03% |
| Federal National Mortgage Association | 3.44% |
| Government National Mortgage Association Remic Trust | 3.23% |
| Government National Mortgage Association | 3.22% |
| Brazil, Federative Republic Of - Secretaria Do Tesouro Nacional | 3.08% |
| Federal National Mortgage Association | 2.75% |
| Government National Mortgage Association | 2.32% |
| Government National Mortgage Association | 2.32% |
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 | 78.9% |
| Fixed Income | 49.7% |
| Loans | 6.8% |
| Real Estate | 0.8% |
| Derivatives | 0.6% |
LMECX Performance
Total returns for LMECX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.9% |
| 1 year | 4.9% |
| 3 years (annualised) | 3.0% |
| 5 years (annualised) | -2.0% |
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 2026-06, Western Asset SMASh Series Core Plus Completion Fund had net outflows of $151.69M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$18.37M |
| 2026-05 | −$30.05M |
| 2026-04 | −$10.30M |
| 2026-03 | −$7.97M |
| 2026-02 | −$9.47M |
| 2026-01 | −$9.07M |
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 | 3.08% |
| Inter-American Development Bank | 2.24% |
| Teva Pharmaceutical Finance Netherlands Iii Bv | 1.28% |
| Guatemala, Republic Of - Ministry Of Public Finance | 1.08% |
| Costa Rica, Republic Of | 1.07% |
| Energy Transfer LP | 1.04% |
| Jamaica, Government Of | 0.93% |
| Paraguay, Republic Of - Ministry Of Finance | 0.91% |
| Peru, Republic Of - Direccion General De Credito Publico | 0.88% |
| Eagle Funding Luxco Sarl | 0.85% |
LMECX Prospectus and SEC Filings
Official Western Asset SMASh Series Core Plus Completion Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-24
- Prospectus (485BPOS) — filed 2025-04-24
- Prospectus (485BPOS) — filed 2024-04-24
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-23
- Annual census (N-CEN) — filed 2026-03-11
- Annual census (N-CEN) — filed 2025-03-13
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.