Legg Mason Solution-Driven ETFs
ClearBridge All Cap Growth ETF
ClearBridge Large Cap Growth ESG ETF
ClearBridge Dividend Strategy ESG ETF
SEVEN THINGS TO KNOW ABOUT SMART BETA
Getting Smart about Smart Beta.
THE TIME IS NOW
Equity market volatility has been notably subdued – but how long can that continue, given the risks lurking below the surface? QS Investors' James Norman on why it's important to stay ready with an allocation to low-volatility stocks.
LOW-VOL, HIGH-DIV IS THE NEW BLACK
The ageless style of defensive yield is more than a passing fad.
WHO CARES ABOUT VOLATILITY? YOU SHOULD.
Market commentators constantly harp on “volatility” – volatility is rising, volatility is falling, investors need to manage against it – but the concept does not resonate with many retail investors.
With bond yields remaining near historic lows, income-seeking investors have turned to other investments, including equities, in seeking the yield they need.
QS Investors’ Diversification Based Investing (DBI, QS DBI ™) takes a macro approach to building portfolios and balancing risk to deliver broad market exposure that can complement core portfolios.
Hedging the currency component of international stock investing can meaningfully reduce its contribution to volatility. For income-driven U.S. investors, this can be especially useful.
We’ve come a long way from the early days of exchange traded funds (ETFs), with only a handful on the markets. Today, there are many options available to investors, and more compelling solutions to clients’ needs.
If you are neither a resident nor a citizen of the United States or if you are a non-U.S. entity, the ETF's ordinary income dividends (which include distributions of net short-term capital gains) will generally be subject to a 30% U.S. federal withholding tax, unless a lower treaty rate applies. For further information, please see each fund's prospectus.
Redemption payments will be effected within the specified number of calendar days following the date on which a request for redemption in proper form is made. The funds generally intend to effect deliveries of creation units and portfolio securities on a basis of trade date plus three business days (T+3). Please see each fund's statement of additional information (SAI) for more information.
*Selling your ETF shares at a gain will trigger a taxable event. An ETF is a pooled investment vehicle with shares that can be bought or sold through the trading day on a stock exchange at a market determined price. A traditional mutual fund is also a pooled investment vehicle; however shares of a traditional mutual fund are bought or sold at the fund's net asset value, which is calculated at the end of the trading day. Both products generally represent a portfolio of securities, derivative instruments, currencies or commodities. The risks of owning an ETF or traditional mutual fund generally reflects the risks of owning the underlying investments. ETFs and traditional mutual funds also have management fees and operating expenses that increase their costs. The differences between the ETFs and traditional mutual funds could significantly impact performance. These differences include but are not limited to investment strategy, regulatory requirements, tax implications, fees and expenses, cash flows, trading structure and transparency requirements.
Authorized participants ("APs") may acquire shares in the primary market directly from the ETFs and may tender their shares for redemption directly to the ETFs, at net asset value per share only in Creation Units or Creation Unit Aggregations. Once created, shares of the funds generally trade in the secondary market in amounts less than a Creation Unit. Retail investors buy and sell shares of ETFs at market price (not NAV) in the secondary market throughout the trading day. These shares are not individually available for purchase or redemption directly from the ETF.
Legg Mason, Inc., its affiliates, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
IMPORTANT INFORMATION: All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each product’s web page for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision.
Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.
FINANCIAL ADVISORS: Please note that not all share classes may be available for sale at your firm. Please call the Legg Mason Sales Desk 1-800-822-5544 or your Legg Mason Sales contact for more information.