Legg Mason Partners International All Cap Opportunity Fund

Investment Objective1

The Fund seeks total return from growth of capital and income.

Investment Strategy

International Exposure

The Fund invests primarily in equity securities of foreign companies.

Individual security selection

The portfolio managers emphasize individual security selection while diversifying the Fund's investments across regions and countries, which can help to reduce risk. While the sub-adviser selects investments primarily for their capital appreciation potential, some investments will have an income component as well.

Overseas potential

Depending on the portfolio managers' assessment of overseas potential for long-term growth, the Fund's emphasis among foreign markets (including emerging markets) and types of issuers may vary.

Investment Risks

Keep in mind that the Fund is subject to certain risks of overseas investing, not associated with domestic investing, including currency fluctuations, changes in potential and economic conditions, differing securities regulations and periods of illiquidity, which could result in significant market fluctuations. These risks are magnified in emerging or developing markets. The Fund may focus its investments in certain regions or industries, thereby increasing its potential vulnerability to market volatility. Diversification does not assure against market loss.

Investment Management

Managed by Global Currents

  • Global Currents was established by a team of investment professionals with a long history of offering investors access to what they believe are high-quality, undervalued companies from across the world's developed and emerging markets. While our firm is new, our core investment team has been managing the same global equity strategies for over 15 years.
  • The Fund has been managed since December 2006 by a team of investment professionals that includes Paul D. Ehrlichman, Sean M. Bogda and Safa R. Muhtaseb.

Lipper Rankings

Category: International Multi-Cap Value

Rankings Details >

Symbols

CLASSNASDAQCUSIP
ASBIEX52469X607
BSBIBX52469X706
CSBICX52469X805
ISBIYX52469X888



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

Prior to July 1, 2008, Brandywine Global Investment Management, LLC was the Fund's subadviser. Brandywine is a wholly-owned subsidiary of Legg Mason. The portfolio managers listed in the prospectus continue to be responsible for the day-to-day investment management of the Fund as employees of Global Currents Investment Management, LLC.

Prior to December 28, 2006 the Fund operated under a different investment strategy.

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

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 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.


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