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Legg Mason Capital Management Growth Fund

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About The Fund

Investment Aim

The Fund seeks to maximise long-term capital appreciation with a minimum long term risk to principal by investing at least two-thirds of its Total Asset Value in equity securities of US issuers that, in the Sub-Investment Manager's opinion, are undervalued at the time of purchase that appear to have strong potential for growth.

Performance Benchmark

Russell 1000 Growth Index

Invests primarily in large-cap US companies that have the potential for growth.
Uses a highly concentrated portfolio.
Highly experienced investment team.

About the Investment Strategy

The Fund's focus is on large-cap secular growth companies that stand to benefit from specific long-term trends such as changing demographics.
Companies are targeted that exhibit above average economic growth and possess a sustainable long-term competitive position.
Portfolio construction is developed in the belief that the Fund should be tightly focused on the best long-term investment opportunities, and the Fund aims to achieve a concentrated portfolio of 20 to 30 holdings.
The Fund aims to keep turnover low as the investment team follows a 'buy-and-hold' strategy.

About the Investment Team

Legg Mason Capital Management is a specialist in the management of US large-cap equities. Based in Baltimore, Maryland, LMCM is well-known for its distinctive value investment process and long history of outperforming its benchmarks.

General Fund Literarture

Fact Sheet

Annual Report

Semi-Annual Report

Summary Prospectus


		Investors should read and understand the Fund's most current offering document, including details of risk factors relevant to the Fund before making an investment in the Fund.

		An investment in the Fund may not be suitable for all investors. The investment decision is yours but you should not invest in the Fund unless the intermediary who sells it to you has advised you that it is suitable for you and has explained why, including how buying it would be consistent with your investment objectives.