Legg Mason Royce Global Smaller Companies Fund

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About The Fund

Investment Aim

The Fund seeks to achieve long-term capital appreciation, by investing at least two-thirds of its Net Asset Value in equity securities and convertible debt located anywhere in the world, that Royce believes are trading significantly below its estimate of their current worth. The Sub-Investment manager generally expects a significant portion of the Fund’s assets will be invested in the equity securities of smaller companies with market capitalisations up to US$5 billion or local currency equivalent.

Performance Benchmark

Russell Global Small Cap Index
 
Class A Acc Class A Dis (A)
NAV:USD 126.30USD 123.79
High*USD 142.92USD 140.07
Low*USD 93.71USD 93.71
* Based on since inception month end prices
 
Fund Size:USD 11 Million
Number of Holdings:73
All data are as of 31 March 2012.
 
 
 

About the Investment Strategy

  • Disciplined value approach, striving to provide investors with above-average absolute performance
  • Seek valuation discrepancies, not just statistically cheap stocks
  • Select securities from the entire small-cap universe, not just the "value" portion"
  • Employ a bottom-up approach to selecting portfolio holdings
  • Use a long-term investment horizon of generally two to five years

    • About the Investment Team

    Headquartered in New York, Royce & Associates has more than 30 years' investment experience in US small-cap equities. The firm focuses exclusively on the smaller companies sector.

    General Fund Literature

    Fact Sheet
    Prospectus
    Product Highlight Sheet
    Annual Report
    Interim Report
     
     

    This document, prepared by Legg Mason Asset Management Singapore Pte. Limited ("Legg Mason"), is for information only and does not constitute an offer nor solicitation to buy or sell any units of the Fund. The prospectus of the Fund is available and may be obtained from Legg Mason or its authorised distributors. 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. An investment in the Fund is subject to investment risks, including the possible loss of the principal amount invested. Due to the investment policies of the Fund, this Fund may have particularly volatile performance.The value of units and the income accruing to the units, if any, may fall or rise and past performance is not necessarily a guide for future performance.

    All opinions and estimates in this document constitute Legg Mason's house view as of the date of this document and is subject to change without notice. Legg Mason, its affiliates, officers or directors, may have an interest in the acquisition or disposal of the securities mentioned herein.

    Distribution of this document may be restricted in certain jurisdictions; persons into whose possession this publication comes should inform themselves of and observe such restrictions. 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 this document. This Fund is not available to US citizens, residents or greencard holders and may not be available in all jurisdictions.