Equity

ISIN {{shareClass.altcodes.isin}} -

Share Class Inception Date

AUM

Morningstar Rating

Fund AIM

The Fund is a sub-fund of Legg Mason Global Funds plc, an open-ended umbrella investment company constituted in Ireland. The Fund seeks to achieve long-term capital appreciation by investing at least 70% of its Net Asset Value in a diversified portfolio of equity securities issued by small- and micro-cap U.S. companies (market capitalisations of less than US$3 billion). The Sub-Investment Manager attempts to take advantage of what it believes are opportunistic situations for undervalued securities.

Fund Managers

Bill Hench
Suzanne Franks
Rob Kosowsky

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 % Inception
- Inclusive of Sales Charge

  • Performance for periods above one year is annualised.

  • Source: Legg Mason. Performance is calculated on a NAV to NAV basis (in currency of the presented share class), with income and dividends reinvested, if any, without initial charges but reflecting annual management fees. Initial Sales Charge assumed to be 5%.
    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.
    Acc. = Accumulating share class. Net investment income accumulated daily into NAV. 
    Distr. (A) = Distributing share class. Dividend declared and paid out annually.
    Distr.  (S) = Distributing share class. Dividend declared and paid out semi-annually.
    Distr. (M) = Distributing share class. Dividend declared and paid out monthly.
    (H) = (Hedged)
    " - " indicates no data available.
    N/A = Not Applicable.

  • © 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.

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 % Inception
- Inclusive of Sales Charge

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.
- Inclusive of Sales Charge
- Inclusive of Sales Charge

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.
- Inclusive of Sales Charge
- Inclusive of Sales Charge

Fund Facts

Fund inception date
Share class inception date
Benchmark
Domicile
Base Currency
Distribution frequency
Annual management fee (%)
Note: Benchmark data for Class A Acc. (H) CNH is not currently available to the Company.

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
WKN
Valorennummer

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 (%)
Information ratio
Tracking error (%)
R-squared (%)
Treynor ratio
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.
    Information ratio :The ratio of annualized expected residual return to residual risk.
    Tracking error :Dispersal of differences between the returns obtained by the Fund and the benchmark variation.
    R-squared :Measures the strength of the linear relationship between the fund and its benchmark. R-Squared at 100 implies perfect linear relationship and zero implies no relationship exists.
    Treynor ratio :Measure of risk adjusted portfolio performance where Beta acts as a proxy for the level of risk associated with a given portfolio.
    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.

     

Portfolio Characteristics

Portfolio statistics

As of
Number of Holdings
Weighted average Price to Book
Debt to equity

Market Cap Exposure (In Millions) (%) (USD)

As of 31/07/2019
$5,000 - $10,000 0.65
$2,500 - $5,000 12.52
$1,000 - $2,500 31.35
$750 - $1,000 7.45
Less than $750 48.04

Sector Allocation (%)

As of 31/07/2019
Industrials 24.94
Information Technology 20.65
Consumer Discretionary 12.04
Health Care 11.66
Financials 9.28
Materials 8.78
Energy 7.64
Communication Services 1.51
Real Estate 1.03
Consumer Staples 0.64
Utilities 0.13
Cash & Cash Equivalents 1.70

Country Allocation (%)

As of 31/07/2019
United States 93.42
Marshall Islands 1.98
Canada 1.23
Bahamas 0.57
Bermuda 0.51
Israel 0.35
United Kingdom 0.16
Greece 0.09
Cash & Cash Equivalents 1.70

Value Themes (%)

As of 31/07/2019
Undervalued Growth 38.91
Turnarounds 29.15
Interrupted Earnings 17.11
Unrecognized Asset Values 14.83

  • 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.

Royce & Associates specializes in small-cap investing, managing both U.S. and international portfolios for individual investors, financial advisors and institutions. The firm is generally regarded as a pioneer in small-cap investing and has focused on this distinctive asset class for more than 40 years, leading to unparalleled domain knowledge of the smaller-company investment universe.

Holdings

Top 10 Holdings (%)

As of 31/07/2019
Herc Holdings Inc. 1.01
Alpha & Omega Semiconductor Npv 0.97
Comtech Telecommunications 0.96
MACOM Technology Solutions 0.95
Air Lease Corp. 0.94
Hilltop Holdings 0.89
Northwest Pipe Company 0.86
Walker & Dunlop, Inc. 0.83
LGI Homes Inc. 0.83
Kraton Performance Polymers 0.82

Detailed Holdings

Detailed Holdings data is not available for selected share class
Par/Shares Securities description Market value % of investments Country Maturity Date Asset Type S&P Credit Quality Moodys Credit Quality

  • 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.

Literature

Product Literature

Regulatory Documents

Featured Document

Distributions

Distributions data is not available for selected share class
Ex-dividend/Reinvest date Payable date Reinvest price () Ordinary income ()

  • Source: BNY Mellon. Distributions are not guaranteed and are subject to change.

  • This document, provided by Legg Mason Asset Management Singapore Pte. Limited ( “Legg Mason” ) (Registration Number (UEN): 200007942R), is for information only and does not constitute an offer or solicitation to buy or sell any units in any fund.
    The prospectus of the fund is available and may be obtained from Legg Mason or its authorised distributors. Investors should check with Legg Mason or its authorised distributors on whether a particular class of the fund is available for subscription. Investors should read the prospectus prior to any subscription. All applications for units in the fund must be made on the application forms accompanying the prospectus. Past performance is not necessarily indicative of future performance. All investments involve risk, including possible loss of principal.  The value of the units in the fund and the income accruing to the units, if any, may fall or rise.
    Distribution of this document may be restricted in certain jurisdictions. Any persons coming into possession of this document should seek advice for details of, and observe, such restrictions (if any).This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such a document or make such an offer or solicitation. This fund is not available to US citizens, residents or greencard holders and may not be available in all jurisdictions.
    Neither Legg Mason nor any officer or employee of Legg Mason accepts any liability whatsoever for any loss arising from any use of this document or its contents. The information in this document is confidential and proprietary and may not be used other than by the intended user.This document may not be reproduced, distributed or published without prior written permission from Legg Mason.
    The mention of any individual securities / funds should neither constitute nor be construed as a recommendation to purchase or sell securities, and the information provided regarding such individual securities / funds is not a sufficient basis upon which to make an investment decision. Portfolio allocations, holdings and characteristics are subject to change at any time. Although information has been obtained from sources that Legg Mason believes to be reliable, no guarantee can be given as to its accuracy and such information may be incomplete or condensed and may be subject to change at any time without notice. Legg Mason, its affiliates, officers or directors, may have an interest in the acquisition or disposal of the securities mentioned herein.
    This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.