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Our goal¹

Capital appreciation, principally through investments in dividend-paying stocks

What we invest in

The Fund invests primarily in the equity securities of medium- and large-sized companies that are dominant in their industry, pay a dividend or have the potential to initiate a dividend and/or can significantly grow their dividends over time. The Fund may also make investments in companies that are not expected to pay dividends and invest up to 25% in foreign securities.

Our approach

The Fund's managers look for companies with current yield or the potential for dividend growth, strong or rapidly improving balance sheets, recognized industry leadership and effective management teams that exhibit a desire to earn consistent returns for shareholders.

What should I know before investing?

Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks including currency fluctuations, social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Dividends are not guaranteed, and a company may reduce or eliminate its dividend at any time. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. Short selling is a speculative strategy. Unlike the possible loss on a security that is purchased, there is no limit on the amount of loss on an appreciating security that is sold short. Derivatives, such as options and futures, can be illiquid, may disproportionately increase losses, and have a potentially large impact on fund performance.

Meet your ClearBridge managers

Peter Hable, Peter Vanderlee, Hersh Cohen, and Michael Clarfeld are co-portfolio managers of your Fund, with 27 years, 11 years, 41 years and 10 years of investment industry experience, respectively.

They're part of the investment team at ClearBridge Advisors, Legg Mason's largest equity manager. ClearBridge offers institutional and individual investors a variety of traditional and alternative equity strategies. With an investment heritage dating back over 45 years, ClearBridge offers distinctive manager insights and proprietary fundamental research.

Legg Mason's unique structure provides you with access to this specialized expertise. We offer a powerful portfolio of solutions through our independent investment management firms.