WAADX Performance — Western Asset SMASh Series Core Completion Fund
Data updated: 2026-07-22
WAADX returned +1.18% year to date and +4.53% over one year to May 2026. Annualised returns are +4.92% over 3 years and −4.31% over 5 years. The fund trailed its Intermediate Securitized Bond category average: $100 invested three years ago grew to $115, against $116 for the category, and to $105 over one year, against $106. Volatility over the past three years was 5.13% a year. In the 12 months to May 2026 the fund lost a net $22.3M, and assets reached $98.53M.
WAADX Growth of $100
What $100 invested in Western Asset SMASh Series Core 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 | WAADX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $105 | $106 |
| 3 years (Jun 2023 – May 2026) | $115 | $116 |
| 5 years (Jun 2021 – May 2026) | $80 | $105 |
| Since data start (Aug 2020 – May 2026) | $80 | $107 |
WAADX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.18% |
| 1 year | +4.53% |
| 3 years (annualised) | +4.92% |
| 5 years (annualised) | −4.31% |
WAADX Annual Returns
Calendar-year total returns of Western Asset SMASh Series Core Completion Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.18% |
| 2025 | +5.24% |
| 2024 | +7.00% |
| 2023 | +3.31% |
| 2022 | −32.17% |
| 2021 | −1.82% |
| 2020 (Aug–Dec) | +1.65% |
WAADX 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 | +0.5% | +1.2% | −1.4% | +0.7% | +0.2% | — | — | — | — | — | — | — |
| 2025 | +1.2% | −0.1% | +0.1% | +0.3% | +0.4% | −0.1% | +0.8% | +0.2% | +0.8% | +0.5% | +0.5% | +0.5% |
| 2024 | +0.1% | −0.1% | +0.9% | −1.0% | +1.4% | +0.4% | +1.4% | +0.4% | +1.0% | −0.2% | +0.5% | +1.9% |
| 2023 | +3.8% | +0.2% | −2.6% | +1.1% | −0.5% | +0.4% | +0.5% | −1.0% | −4.1% | −2.8% | +4.6% | +4.0% |
| 2022 | −3.6% | −5.4% | −6.1% | −8.4% | −0.9% | −3.7% | +2.0% | −3.6% | −8.7% | −5.1% | +5.6% | +0.7% |
| 2021 | −0.7% | −2.4% | −1.0% | +1.5% | +0.2% | +0.6% | +0.8% | +0.5% | −0.8% | −0.6% | −0.4% | +0.5% |
| 2020 | — | — | — | — | — | — | — | 0.0% | −0.1% | 0.0% | +1.0% | +0.8% |
WAADX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.13%
- 3-year Sharpe ratio: 0.08 (vs 4.5% risk-free rate)
- Best month: +4.61% (Nov 2023)
- Worst month: −4.12% (Sep 2023)
WAADX Fund Flows
Monthly money in and out of Western Asset SMASh Series Core Completion Fund, from SEC Form N-PORT.
- 12-month net flow: −$22.3M
- 12-month gross sales (incl. reinvestments): $16.1M
- Sales ÷ redemptions: 0.42×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $1.3M | $4.4M | −$3.1M |
| Apr 2026 | $1.5M | $4.1M | −$2.6M |
| Mar 2026 | $1.0M | $2.4M | −$1.4M |
| Feb 2026 | $1.6M | $1.6M | −$65K |
| Jan 2026 | $1.5M | $1.2M | $214K |
| Dec 2025 | $2.4M | $4.7M | −$2.4M |
| Nov 2025 | $556K | $1.6M | −$1.1M |
| Oct 2025 | $1.7M | $6.5M | −$4.8M |
| Sep 2025 | $1.5M | $2.3M | −$886K |
| Aug 2025 | $907K | $2.6M | −$1.7M |
| Jul 2025 | $1.6M | $4.5M | −$3.0M |
| Jun 2025 | $647K | $2.2M | −$1.5M |
WAADX Assets Under Management
Net assets of Western Asset SMASh Series Core Completion Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $98.53M |
| 2026-02-27 | $107.44M |
| 2025-11-28 | $108.69M |
| 2025-08-29 | $114.92M |
| 2025-05-30 | $121.13M |
| 2025-02-28 | $137.98M |
| 2024-11-29 | $213.33M |
| 2024-08-30 | $325.36M |
| 2024-05-31 | $331.77M |
| 2024-02-29 | $330.75M |
| 2023-11-30 | $312.09M |
| 2023-08-31 | $325.06M |
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.