Legg Mason Growth Trust
Investment Objective:
Maximum long-term capital appreciation with minimum long-term risk to principal.
Investments:
The Fund uses the "theory of focus investing" to create a concentrated, low-turnover portfolio of primarily common stocks that appear to have strong growth potential. The Fund invests primarily in common stocks, preferred stocks and securities convertible into or exchangeable for common stocks.
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| Inception Date: |
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| Institutional: | March 4, 2004 |
| Financial Intermediary: | January 29, 2004 |
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| Performance Benchmark: |
S&P 500 Index
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| Total Fund Assets: |
$302.2 million (as of 3/31/09)
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| Ticker Symbol: |
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| Institutional: | LMGNX |
| Financial Intermediary: | LMGFX |
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Investment Risks:
The value approach to investing involves the risk that those stocks deemed to be undervalued by the portfolio manager may remain undervalued. As a non-diversified fund, it can invest a larger percentage of its assets in fewer issues than a diversified fund. This may magnify the Fund's losses from events affecting a particular issuer. Foreign securities are subject to certain risks of overseas investing, including currency fluctuations and changes in political and economic conditions, which could result in significant market fluctuations. This Fund expects to hold a limited number of securities, and a decline in the value of these investments would cause the fund's overall value to decline to a greater degree than a less concentrated portfolio. The Fund may focus its investments in certain regions or industries, thereby increasing its potential vulnerability to market volatility.
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