Legg Mason Partners Diversified Large Cap Growth Fund

Investment Objective1

The Fund seeks long-term capital growth; dividend income, if any, is incidental to this goal.

Investment Strategy

Strong financial characteristics and growth histories

Value-added fundamental research

The Fund normally invests at least 80% of the value of its net assets in the stocks of large-cap companies. The portfolio managers look for companies that are projected to grow revenue, earnings and/or cash flow greater than the market over the next 3 years, with focus on cash flow generation, strong balance sheets, under appreciated earnings potential and disciplined capital allocation.Portfolio stock selection leverages proprietary research. The portfolio managers work closely with a team of global industry analysts to develop an in-depth view of a company's prospects and generate investment ideas.

Investment Risks

Keep in mind that stock prices are subject to market fluctuations. Investing in foreign securities is subject to certain risks not associated with domestic investing, such as currency fluctuations, and changes in political and economic conditions. These risks are heightened in emerging markets. The Fund may use derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses, and have a potentially large impact on Fund performance. The Fund may focus its investments in certain regions or industries, thereby increasing its potential vulnerability to market volatility. Investments in small and mid-cap stocks involve greater risks and volatility than investments in large-cap stocks. The Fund may sell securities short. 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.

Investment Management

Managed by ClearBridge Advisors

  • Established in 2006 with a heritage of over 43 years of asset management experience, offering actively managed U.S. equity products in a wide range of capitalizations and styles that share a focus on research-driven fundamental investing.
  • The Fund is managed by a team of investment industry professionals including Evan S. Bauman, Peter J. Bourbeau and Thomas G. Hudson.

Lipper Rankings

Category: Large-Cap Growth Funds

Rankings Details >

Symbols

CLASSNASDAQCUSIP
ACFLGX52469H545
BCLCBX52469H537
CSMDLX52469H529



Morningstar ratings are only shown for those funds that have achieved a 4 or 5 star rating.

1There is no guarantee that the Fund’s objective will be met.

Information on Sales Charges, Breakpoints, Sales Charge Waivers and Exchanges
Click here for more information about:
Class A shares:
- what are the front-end sales loads charged on the purchase of Class A shares
- how to qualify for reduced sales charges or breakpoints
- what kinds of accounts can be combined to qualify for reduced sales charges
- what waivers of front-end sales charges are available
Class B shares:
- what are the contingent deferred sales charges payable upon redemption
- what waivers of deferred sales charges are available
Class C shares:
- what are the contingent deferred sales charges payable upon redemption
- what waivers of deferred sales charges are available
Exchange privileges:
- which funds are exchangeable
- what conditions are applicable
Other share classes may be available for which sales charges, breakpoints, sales charge waivers and exchanges may differ. Please speak to a financial professional or click on the link above.
 
Exchange Privileges: Many mutual funds that charge front-end sales loads offer a discount on the sales loads for a large investment. The investment levels required to obtain a reduced sales load are commonly referred to as "breakpoints." Typically, you may be entitled to a lower front-end load based on a single transaction if the dollar amount exceeds one or more breakpoints. In addition, some funds offer discounts based on purchases made over time, under a right of accumulation or letter of intent. The criteria for breakpoints for each mutual fund are set out in the fund prospectus and statements of additional information. FINRA issued an Investor Alert to ensure that investors better understand how breakpoints work and what you may need to know to make sure that, should you purchase shares eligible for breakpoints, you are charged the lowest possible front-end sales charge. Visit the FINRA Website to read the FINRA Investor Alert.

Diversification does not assure against market risk.

INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

All investments involve risk, including possible loss of principal.

Investors should consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about a fund. To obtain a free prospectus, please view the product specific page on this website and click on the prospectus link. An investor should read the prospectus carefully before investing.

All investment managers mentioned are subsidiaries of Legg Mason, Inc. Legg Mason Investor Services, LLC, is a subsidiary of Legg Mason, Inc.

This site is intended for U.S. investors only. The products and services described on this site are generally not available to non-U.S. investors.


Copyright © 2009 Legg Mason Investor Services, LLC. Member FINRA, SIPC