LMLCX Performance — Western Asset SMASh Series C Fund, SMASh Series C Fund
Data updated: 2026-07-22
LMLCX returned +1.61% year to date and +10.80% over one year to May 2026. Annualised returns are +6.58% over 3 years and +4.31% over 5 years. The fund beat its Long-Term Corporate Bond category average: $100 invested three years ago grew to $121, against $116 for the category, and to $111 over one year, against $108. Volatility over the past three years was 9.29% a year. In the 12 months to May 2026 the fund lost a net $83.6M, and assets reached $309.22M.
LMLCX Growth of $100
What $100 invested in Western Asset SMASh Series C Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Corporate Bond category average over the same months.
| Period | LMLCX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $111 | $108 |
| 3 years (Jun 2023 – May 2026) | $121 | $116 |
| 5 years (Jun 2021 – May 2026) | $123 | $99 |
| Since data start (Sep 2019 – May 2026) | $132 | $106 |
LMLCX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.61% |
| 1 year | +10.80% |
| 3 years (annualised) | +6.58% |
| 5 years (annualised) | +4.31% |
LMLCX Annual Returns
Calendar-year total returns of Western Asset SMASh Series C Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.61% |
| 2025 | +12.45% |
| 2024 | −2.22% |
| 2023 | +12.95% |
| 2022 | −3.22% |
| 2021 | +1.36% |
| 2020 | +2.94% |
| 2019 (Sep–Dec) | +3.25% |
LMLCX 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 | +0.3% | +1.2% | −2.8% | +1.7% | +1.3% | — | — | — | — | — | — | — |
| 2025 | +0.9% | +3.8% | −1.2% | −0.4% | +0.1% | +3.7% | −0.4% | +2.1% | +2.4% | +0.5% | +0.7% | −0.3% |
| 2024 | −0.5% | −1.4% | +1.8% | −3.1% | +2.3% | +0.6% | +2.4% | +2.1% | +1.6% | −4.4% | +2.4% | −5.5% |
| 2023 | +5.3% | −3.5% | +3.4% | +0.7% | −1.5% | +1.7% | +0.7% | −1.2% | −3.6% | −2.5% | +8.0% | +5.6% |
| 2022 | −2.5% | −2.1% | +1.4% | −3.6% | +1.6% | −4.0% | +2.7% | −0.2% | −2.5% | +2.0% | +5.0% | −0.7% |
| 2021 | −0.7% | −0.2% | +0.5% | +0.3% | +0.4% | +1.1% | −0.2% | +0.3% | −0.2% | +0.2% | −1.3% | +1.2% |
| 2020 | 0.0% | −1.9% | −12.5% | +5.5% | +3.7% | +2.0% | +3.2% | 0.0% | −1.6% | +0.6% | +4.1% | +0.9% |
| 2019 | — | — | — | — | — | — | — | — | −0.2% | +0.7% | +1.0% | +1.7% |
LMLCX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 9.29%
- 3-year Sharpe ratio: 0.22 (vs 4.5% risk-free rate)
- Best month: +7.96% (Nov 2023)
- Worst month: −5.55% (Dec 2024)
LMLCX Fund Flows
Monthly money in and out of Western Asset SMASh Series C Fund, from SEC Form N-PORT.
- 12-month net flow: −$83.6M
- 12-month gross sales (incl. reinvestments): $37.3M
- Sales ÷ redemptions: 0.31×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $4.2M | $17.2M | −$13.1M |
| Apr 2026 | $3.0M | $9.2M | −$6.1M |
| Mar 2026 | $4.9M | $7.8M | −$2.8M |
| Feb 2026 | $3.4M | $6.9M | −$3.5M |
| Jan 2026 | $3.7M | $6.3M | −$2.6M |
| Dec 2025 | $5.2M | $11.0M | −$5.8M |
| Nov 2025 | $1.5M | $7.6M | −$6.1M |
| Oct 2025 | $3.0M | $11.9M | −$8.9M |
| Sep 2025 | $1.5M | $9.1M | −$7.7M |
| Aug 2025 | $1.4M | $9.5M | −$8.0M |
| Jul 2025 | $3.6M | $10.5M | −$6.8M |
| Jun 2025 | $1.8M | $14.0M | −$12.2M |
LMLCX Assets Under Management
Net assets of Western Asset SMASh Series C Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $309.22M |
| 2026-02-27 | $335.88M |
| 2025-11-28 | $349.58M |
| 2025-08-29 | $364.14M |
| 2025-05-30 | $377.37M |
| 2025-02-28 | $438.61M |
| 2024-11-29 | $656.61M |
| 2024-08-30 | $1.06B |
| 2024-05-31 | $1.12B |
| 2024-02-29 | $1.15B |
| 2023-11-30 | $1.14B |
| 2023-08-31 | $1.20B |
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.