LMLCX Western Asset SMASh Series C Forecast, Technical & Fundamental Analysis

The investment seeks to maximize total return consisting of capital appreciation and income, consistent with prudent investment management. The fund normally invests in a portfolio of debt obligations of various maturities. The Advisor expects to invest primarily in corporate obligations and in derivatives and other instruments relating to such investments. The fund currently limits its investments to U.S. dollar denominated investment grade debt obligations. It is non-diversified.