Founded in 1899, Legg Mason is one of the world’s largest asset managers with assets under management of nearly $780.2 billion as of Jun 30, 2019. Legg Mason and its affiliates manage mutual funds across a wide range of categories, including both equity and fixed-income funds.
It uses a multi-affiliate business model that allows each affiliate to operate with a high degree of autonomy utilizing its unique approach and processes. This Baltimore-based company serves both individual and institutional investors with around 3,000 employees in 39 offices throughout the globe.
Below we share with you four top-ranked Legg Mason mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds, their Zacks Rank and past performance.
ClearBridge Dividend Strategy Fund Class 1 (LCBOX – Free Report) aims for the generation and appreciation of dividend income and capital growth over a long period. The fund invests the majority of its assets in equity securities or other investments that pay out dividends. The fund mostly invests in common stocks and may invest half of its assets in equity securities of foreign companies directly or via depository receipts. LCBOX has three-year annualized returns of 12.6%.
LCBOX has an expense ratio of 0.77% compared with the category average of 0.95%.
ClearBridge Small Cap Growth Fund Class A (SASMX – Free Report) aims for long-term capital growth. The fund invests most of its assets in securities of small-capitalization companies. The portfolio managers follow a growth-oriented approach while investing. SASMX has three-year annualized returns of 16%.
Aram E. Green is one of the fund managers of SASMX since 2007.
ClearBridge Large Cap Value Fund Class A2 (LIVVX – Free Report) aims for long-term capital appreciation. The fund invests the majority of its assets in equity securities, or other investments with similar economic characteristics, of companies that have large market capitalization. LIVVX has three-year annualized returns of 8.9%.
As of June 2019, LIVVX held 52 issues with 4.61% of its assets invested in JPMorgan Chase & Co.
To view the Zacks Rank and past performance of all Legg Mason mutual funds, investors can click here to see the complete list of funds.
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