The investment seeks a high level of current income exempt from federal income taxes, preservation of capital and liquidity.
The fund invests at least 80% of its assets in short-term high quality municipal obligations and interests in municipal obligations that pay interest that is exempt from federal income tax, including the federal alternative minimum tax. It may invest up to 20% of its assets in investments that pay interest that may be subject to regular federal income tax and/or the federal alternative minimum tax, although for temporary or defensive purposes, the fund may invest an unlimited amount in such securities. The fund is non-diversified.
Links:  http://www.globalfunddata.com/funds/new/performance/management?variant=Legg Mason
 http://www.globalfunddata.com/funds/new/performance/domicile?variant=United States
 http://www.globalfunddata.com/funds/new/performance/fund_administrator?variant=Legg Mason Partners Fund Advisor, LLC
 http://www.globalfunddata.com/funds/new/performance/strategy?variant=Money Market- Tax-Free
 http://www.globalfunddata.com/funds/new/performance/structure?variant=Open Ended Investment Company
 http://www.globalfunddata.com/funds/new/performance/city?variant=Baltimore___United States
 http://www.globalfunddata.com/funds/new/performance/country?variant=United States
 http://www.globalfunddata.com/funds/new/performance/custodian?variant=State Street Bank & Trust Co
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