LMSMX Western Asset SMASh Series M Forecast, Technical & Fundamental Analysis

The investment seeks to maximize total return consisting of capital appreciation and income, consistent with prudent investment management. The fund primarily invests in a combination of U.S. dollar denominated and non-U.S. dollar denominated investment grade debt obligations of U.S. and non-U.S. issuers and in derivatives and other instruments relating to such investments. The advisor intends to invest in asset-backed and inflation-protected securities and to engage in dollar rolls on mortgage-related securities.