• INVESTMENT INVOLVES RISKS. The value of the Fund can be volatile and investors may not get back the amount originally invested. Past performance is not indicative of future results.
  • The Fund is a sub-fund of Legg Mason Global Funds plc, an open-ended umbrella investment company constituted in Ireland. The Fund’s primary aim is to provide a high level of income with a secondary aim of generating long-term capital appreciation. The Fund seeks to achieve its objective by investing in a diversified portfolio of equity and equity-related securities including energy-oriented income producing companies and real estate investment trusts. The Fund may invest in issuers of any market capitalisation.
  • Investors will be exposed to equity market, debt securities, credit, custody and settlement, liquidity and currency risks. 
  • The Fund may invest in emerging markets which involve special risks, including liquidity, volatility, currency, political, economic, legal and regulatory risks.
  • Securities of smaller companies generally are less liquid and more volatile than those of larger companies; and smaller companies generally are more likely to be adversely affected by poor economic or market conditions.
  • Investments in Master Limited Partnerships and/ or Business Development Companies may be relatively illiquid, and may be more adversely affected by changes in economic or other conditions which could cause a substantial loss to the investments held by, hence the value of, the Fund. 
  • The Fund may invest in below investment grade/ unrated securities, which carry a higher degree of pricing volatility, market, counterparty default and liquidity risks.
  • The Fund may use certain types of financial derivative instruments for hedging purposes, which may involve a higher degree of risk including but not limited to counterparty, volatility, liquidity, leverage and valuation risks, and the Fund may suffer a substantial loss.
  • The Fund may invest in Real Estate Investment Trusts which involves additional risks.
  • The directors of Legg Mason Global Funds Plc may at their discretion pay dividends out of capital of a Distributing Plus Share Class. The payment of dividends out of capital effectively amounts to a return or withdrawal of an investor´s original capital investment or of capital gains attributable to that original investment. Such distribution will result in a corresponding immediate decrease in the Net Asset Value per share of these Share Classes.  
  • Investors should not invest based on this marketing material alone.  Offering documents should be read for further details, including the risk factors.

Equity Income

ISIN {{shareClass.altcodes.isin}} -

Share class inception date

Performance inception date

AUM

Morningstar Rating

Fund Aim

The Fund’s primary aim is to provide a high level of income with a secondary aim of generating long-term capital appreciation. The Fund seeks to achieve its objective by investing in a diversified portfolio of equity and equity-related securities including energy-oriented income producing companies and real estate investment trusts. The Fund may invest in issuers of any market capitalisation.  

Fund Managers

Peter Vanderlee, CFA
Mark McAllister, CFA

Cumulative Performance (%)

As of
The reported share class has insufficient data history to be able to show past performance.
YTD % 3-m % 1-y % 3-y % 5-y %

Calendar Year Performance (%)*

As of 
Calendar performance data is not available for selected share class
The reported share class has insufficient data history to be able to show past performance.

  • *The calendar year performance of a share class (and the benchmark) in its year of inception is calculated from the share class inception date to year-end, which is not a full year return. The calendar year performance of Morningstar GIFS peer group in the share class’s year of inception is not available.

Annualised Performance (%)

As of
The reported share class has insufficient data history to be able to show past performance.
YTD % 3-m % 1-y % 3-y % 5-y %

Rolling 12 Month Performance (%)

As of
Annual discrete performance data is not available for selected share class
The reported share class has insufficient data history to be able to show past performance.


  • Performance is net of fees and is calculated on a NAV to NAV basis.
    Performance is based on reinvestment of any income and capital gains distribution derived from securities held in the Fund.
    Morningstar GIFS peer group sourced from Morningstar. © 2019 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar;(2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
    From 25 March 2019, the pricing of securities held in the Fund will use the mean (or mid) value of the bid and ask prices, to calculate the Fund’s Net Asset Values (“NAV”). The Fund previously used a bid price methodology for fixed income securities, and last traded price for equity securities.

    Benchmark is calculated based on total return.

    " - " indicates no data available.

  • Performance includes periods prior to the Fund’s launch date (20 April 2007), reflecting performance of the predecessor fund (which has a substantially similar investment objective and policy and managed by the same portfolio management team but was not authorised in Hong Kong), whose assets were transferred into this Fund on 20 April 2007.

  • On 27 March 2015 the Legg Mason ClearBridge US Fundamental Value Fund merged into the Legg Mason Clearbridge Tactical Dividend Income Fund.

  • Distribution Frequency : Acc. = Accumulating share class. Net investment income accumulated daily into NAV. Dividend amount or dividend rate is not guaranteed. Distr. (D) = Distributing share class. The share class aims to declare dividend daily and pay out on a monthly basis. Distr. (M) = Distributing share class. The share class aims to declare and pay dividend on a monthly basis. Dividends of Distr. (M) Plus share class may be paid out of the Fund’s capital. The directors of Legg Mason Global Funds Plc may at their discretion pay dividends out of capital of a Distributing Plus Share Class. The payment of dividends out of capital effectively amounts to a return or withdrawal of an investor´s original capital investment or of capital gains attributable to that original investment. Such distribution will result in a corresponding immediate decrease in the Net Asset Value per share of these Share Classes. Distr. (S) = Distributing share class. The share class aims to declare and pay dividend on a semi-annual basis. Distr. (A) = Distributing share class. The share class aims to declare and pay dividend on an annual basis. Any share class with “(H)” in its name will attempt to hedge the currency risk between the base currency of the Fund and the currency of the share class, although there can be no guarantee that it will be successful in doing so. In some cases, investors may be subject to additional risks.

Fund Facts

Fund inception date
Share class inception date
Predecessor fund inception date
Share Class Benchmark
Domicile
Base currency of Fund
Distribution frequency
Annual management fee (%)
Fund Benchmark: There is no fund benchmark.

Daily Statistics

As of
Daily Statistics data is not available for selected share class
NAV -
Change -
% Change -
12-month high -
12-month low -
Total AUM (in millions) -

Fund Codes

Fund Codes data is not available for selected share class
ISIN
Bloomberg
CUSIP
SEDOL

Three-Year risk statistics (Annualised)

As of
Three Year Risk Statistics data is not available for selected share class
Risk adjusted alpha
Beta
Standard deviation (%)
Tracking error (%)
Sharpe ratio

  • Risk Statistics Definitions:
    Risk Adjusted Alpha :
    Measures the difference between a fund’s actual returns and its expected performance, given its level of risk as measured by beta. 
    Beta :Measures the sensitivity of the fund to the movements of its benchmark.
    Standard Deviation :Measures the risk or volatility of an investment’s return over a particular time period; the greater the number, the greater the risk.
    Sharpe Ratio :A risk-adjusted measure, calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the fund’s historical risk-adjusted performance.
    Tracking error :Dispersal of differences between the returns obtained by the Fund and the benchmark variation.

     

Portfolio Characteristics

Portfolio statistics

As of
Number of Holdings
Weighted average Price to Book
Debt to Equity
Percentage of Top 10 Holdings (%)
Weighted average and median market capitalization above are in USD.

Sector Allocation (%)

As of 31/10/2019
Information Technology 23.35
Real Estate 15.83
Energy - Infrastructure 15.06
Financials 14.48
Health Care 7.51
Industrials 6.23
Communication Services 4.70
Utilities 4.67
Consumer Staples 4.67
Materials 2.44
Consumer Discretionary 0.31
Cash & Cash Equivalents 0.75

Country Allocation (%)

As of 31/10/2019
United States 93.09
United Kingdom 1.91
Canada 1.54
Bermuda 1.50
Marshall Islands 1.22
Cash & Cash Equivalents 0.75

Market Cap Exposure (In USD Millions) (%)

As of 31/10/2019
More than $100,000 33.37
$50,000 - $100,000 9.08
$25,000 - $50,000 16.98
$10,000 - $25,000 11.87
$5,000 - $10,000 11.13
Less than $5,000 17.57

  • Percentages are based on total portfolio as of date displayed and are subject to change at any time. Holdings and allocations breakdowns are provided for information purposes only and should not be deemed a recommendation to buy or sell the securities mentioned or securities in the industries shown. Due to rounding totaled percentages may not equal 100%.

    A temporary negative position may be due to unsettled trade activity and/or the use of particular investment policies as allowed by the prospectus.

Literature

Product Literature - English

Product Literature - Chinese

Important Documents - English

Important Documents - Chinese

With a legacy dating back over 50 years, ClearBridge Investments is a leading global equity manager committed to delivering differentiated long-term results through authentic active management.

Holdings

Top 10 Holdings (%)

As of 31/10/2019
Microsoft Corp 5.04
Apple Inc 4.07
Merck & Co Inc 3.21
AT&T Inc 3.01
ONEOK Inc 2.40
Broadcom Inc 2.35
Raytheon Co 2.17
Kinder Morgan Inc/DE 2.04
TriplePoint Venture Growth BDC Corp 2.03
Starwood Property Trust Inc 1.97

  • Portfolio holdings are subject to change at any time without notice. This information is provided for information purposes only and should not be construed as a recommendation to purchase or sell any security. The summation of the "Total Net assets %" may not equal 100%. Any difference is due to the portfolio's allocation to cash and cash equivalents.

    Derivatives, if any, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance.

    A temporary negative position may be due to unsettled trade activity and/or the use of particular investment policies as allowed by the prospectus.

Dividend (For Distr. (M) / Distr. (S) / Distr. (A): the share class aims to declare and pay dividend on a monthly / semi-annual / annual basis. For Distr. (D) class: the share class aims to declare dividend daily and pay out on a monthly basis. Dividend amount is not guaranteed. In the case of Plus share class: Dividends may be paid out of the Fund’s capital. Please read the second last point in the box above).

Distributions data is not available for selected share class
Ex-dividend/Reinvest date Payable date Fund NAV as of Ex-dividend Date () Dividend per Unit ()

  • Source: BNY Mellon. 

  • This document is for information only and nothing contained herein constitutes investment advice. All charts, data, opinions, estimates and other information are provided as of the date of this document and may be subject to change without notice. Investment returns are denominated in the Fund’s base currency. Exchange rate changes may cause the value of overseas investments to rise or fall. Where the Fund’s base currency is not US/HK Dollars, US/HK Dollar-based investors are exposed to exchange rate fluctuations .This document does not constitute an offer or solicitation to buy or sell any units or shares in any fund and the distribution of this document in jurisdictions other than Hong Kong or Macau may be restricted. Any person coming into possession of this document should seek advice for details of, and observe, such restrictions (if any).This document has not been reviewed by the Securities and Futures Commission in Hong Kong or Monetary Authority of Macao in Macau.

    Issued and approved by Legg Mason Asset Management Hong Kong Limited which is licensed by the Securities and Futures Commission in Hong Kong, and whose registered office is at Suites 1202-03, 12/F, York House, The Landmark, 15 Queen's Road Central, Hong Kong.