Top 5 Legg Mason Mutual Funds - Best of Fund Family
Benzinga 15 years ago
With assets under management of $672 billion, Legg Mason is one of the world's largest asset managers. It uses a multi-affiliate business model to provide a wide range of financial services to individual and institutional investors in 190 countries across six continents. Legg Mason affiliates are among the industry leaders in their respective areas of specialization. Legg Mason complements the operations of its affiliates by providing distribution and client services as well as support in areas such as operations, technology and accounting.
Below we will share with you 5 top rated Legg Mason funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all Legg Mason funds, then click here.
Legg Mason ClearBridge Aggressive Growth A (SHRAX) invests in equity securities of companies, the performance of which must be better than the average earnings growth of firms which make up the S&P 500. It may invest a large proportion of its assets in small and mid-cap companies. The fund returned 24.28% over the last one year period.
The Legg Mason mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.29% compared to a category average of 1.32%.
Legg Mason ClearBridge Mid Cap Core A (SBMAX) seeks capital growth over the long-term. The fund invests heavily in equity securities of mid-cap companies. Not more than 20% of its assets are utilized to purchase securities of non-mid-cap firms. Up to 25% of its assets are invested in foreign securities. The fund has a five year annualized return of 4%.
Derek J. Deutsch is the fund manager and he has managed this Legg Mason mutual fund since 2005.
Legg Mason Western Asset Corporate Bond A (SIGAX) invests the majority of its assets in corporate debt securities which are rated investment grade and related investments. The fund may also purchase government securities and dollar denominated foreign securities. The fund has a ten year annualized return of 5.51%.
As of June 2010, this Legg Mason mutual fund held 288 issues, with 21.06% of its total assets invested in US Treasury Bond (Fut).
Legg Mason Western Asset High Income A (SHIAX) seeks high levels of current income. It invests heavily in corporate bonds, notes, debentures and related instruments. Up to 40% of its assets may be used to purchase foreign fixed-income securities. The fund returned 16.82% over the last one year period.
The Legg Mason mutual fund has a minimum initial investment of $1,000 and an expense ratio of 0.99% compared to a category average of 1.20%.
Legg Mason Western Asset Government Securities A (SGVAX) invests at least 80% of its assets in debt securities issued or guaranteed by the U.S. government. These debt securities include U.S. Treasury and mortgage-related securities. The fund has a three year annualized return of 6.6%.
Stephen A. S. Walsh is the fund manager and he has managed this Legg Mason mutual fund since 2006.
To view the Zacks Rank and past performance of all Legg Mason mutual funds, then click here.
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