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Legg Mason PCM US Equity Fund

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About The Fund

Investment Aim

The Fund seeks to achieve long-term capital appreciation by investing at least 70%of the Fund's Total Asset Value in equity securities of U.S companies that the Sub-Investment Manager views as being undervalued by the public market on the basis of its proprietary investment analysis. The Fund invests opportunistically in companies of any size market capitalization with an emphasis on areas of core domain expertise.

Performance Benchmark

Russell 3000 Index

Invests principally in undervalued US companies across the market capitalization spectrum.
Long-term investor.
Highly experienced investment team.
Full portfolio holdings available upon request

About the Investment Strategy

Invest in industries where the investment team has either operating experience or domain expertise.
As a high conviction investor, the investment manager typically takes significant, long-term positions in companies it believes are undervalued by the market.
The Fund would generally hold stocks of companies across all market capitalizations.
The Fund invests in a focused portfolio of holdings across multiple sectors and industries.

About the Investment Team

Private Capital Management has a single management discipline - all-cap value equity. PCM began as manager for high net worth individuals in 1986. Today, it has a proven track record in uncovering undervalued assets.

General Fund Literarture

Fact Sheet

Annual Report

Semi-Annual Report

Summary Prospectus


		The Fund may invest in a single country which may give rise to increased risk over more diversified funds.

		Investors should read and understand the Fund’s most current offering document, including details of risk factors relevant to the Fund, in particular, the risk of investment in derivatives, 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.