LMECX Performance — Western Asset SMASh Series Core Plus Completion Fund
Data updated: 2026-08-26
LMECX returned +0.91% year to date and +4.92% over one year to Jun 2026. Annualised returns are +2.95% over 3 years and −1.97% over 5 years. Against its Intermediate Securitized Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $109, against $116 for the category, and to $105 over one year, against $105. Volatility over the past three years was 8.50% a year. In the 12 months to Jun 2026 the fund lost a net $151.7M, and assets reached $610.80M.
LMECX Growth of $100
What $100 invested in Western Asset SMASh Series Core Plus Completion Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Securitized Bond category average over the same months.
| Period | LMECX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $105 | $105 |
| 3 years (Jul 2023 – Jun 2026) | $109 | $116 |
| 5 years (Jun 2021 – Jun 2026) | $91 | $110 |
| Since data start (Sep 2019 – Jun 2026) | $98 | $116 |
LMECX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.91% |
| 1 year | +4.92% |
| 3 years (annualised) | +2.95% |
| 5 years (annualised) | −1.97% |
LMECX Annual Returns
Calendar-year total returns of Western Asset SMASh Series Core Plus Completion Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +0.91% |
| 2025 | +10.13% |
| 2024 | −3.64% |
| 2023 | +7.38% |
| 2022 (Jan–Dec) | −21.84% |
| 2021 | +0.25% |
| 2020 | +1.71% |
| 2019 (Sep–Dec) | +6.47% |
LMECX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.9% | +1.0% | −3.1% | +1.9% | +0.3% | 0.0% | — | — | — | — | — | — |
| 2025 | +2.7% | +0.7% | −0.6% | +0.4% | +0.9% | +1.8% | −0.4% | +1.6% | +0.5% | +0.5% | +1.0% | +0.6% |
| 2024 | −1.6% | −0.4% | +1.4% | −3.5% | +1.5% | −1.5% | +1.4% | +0.2% | +1.0% | −2.3% | +1.5% | −1.3% |
| 2023 | +6.0% | −3.2% | −0.1% | +1.0% | −1.0% | +2.8% | +1.2% | −2.9% | −5.4% | −4.0% | +7.3% | +6.3% |
| 2022 | −3.1% | −6.2% | −4.8% | −9.0% | −0.1% | −6.0% | +4.9% | −4.0% | — | −1.8% | +7.9% | −0.8% |
| 2021 | −2.0% | −1.7% | −1.8% | +2.9% | +2.2% | +0.4% | +0.5% | +0.8% | −1.3% | +0.3% | −1.8% | +2.0% |
| 2020 | +0.2% | −1.2% | −15.0% | +2.6% | +4.9% | +1.2% | +3.2% | +0.8% | −1.4% | −0.3% | +5.9% | +2.5% |
| 2019 | — | — | — | — | — | — | — | — | +1.6% | +3.1% | −1.6% | +3.3% |
LMECX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 8.50%
- 3-year Sharpe ratio: -0.18 (vs 4.5% risk-free rate)
- Best month: +7.31% (Nov 2023)
- Worst month: −5.41% (Sep 2023)
LMECX Fund Flows
Monthly money in and out of Western Asset SMASh Series Core Plus Completion Fund, from SEC Form N-PORT.
- 12-month net flow: −$151.7M
- 12-month gross sales (incl. reinvestments): $85.5M
- Sales ÷ redemptions: 0.36×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $5.6M | $24.0M | −$18.4M |
| May 2026 | $6.5M | $36.6M | −$30.1M |
| Apr 2026 | $4.0M | $14.3M | −$10.3M |
| Mar 2026 | $8.8M | $16.8M | −$8.0M |
| Feb 2026 | $6.6M | $16.1M | −$9.5M |
| Jan 2026 | $7.3M | $16.4M | −$9.1M |
| Dec 2025 | $8.0M | $22.2M | −$14.2M |
| Nov 2025 | $4.0M | $17.9M | −$13.9M |
| Oct 2025 | $11.6M | $16.7M | −$5.1M |
| Sep 2025 | $9.9M | $18.9M | −$9.0M |
| Aug 2025 | $5.5M | $19.3M | −$13.8M |
| Jul 2025 | $7.6M | $18.1M | −$10.5M |
LMECX Assets Under Management
Net assets of Western Asset SMASh Series Core Plus Completion Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $610.80M |
| 2026-03-31 | $659.92M |
| 2025-12-31 | $701.90M |
| 2025-09-30 | $727.51M |
| 2025-06-30 | $760.41M |
| 2025-03-31 | $840.77M |
| 2024-12-31 | $1.08B |
| 2024-09-30 | $1.76B |
| 2024-06-28 | $2.27B |
| 2024-03-28 | $2.43B |
| 2023-12-29 | $2.46B |
| 2023-09-29 | $2.46B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.