Legg Mason Opportunity Trust
Investment Objective:
Long-term growth of capital.
Investments:
The Fund has a flexible investment strategy and is not restrained by investment style, type of security, industry sector, location, size or market cap; it invests primarily in U.S. common stocks. The Fund is designed for the investor who is comfortable with the risks inherent to aggressively managed portfolios. Investors should be aware of the possibility for high portfolio turnover with few restrictions on the type of investments contained in the Fund.
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| Inception Date: |
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| Institutional: | June 26, 2000 |
| Financial Intermediary: | February 13, 2004 |
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| Performance Benchmark: |
S&P 500 Index
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| Total Fund Assets: |
$1.0 billion (as of 3/31/09)
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| Ticker Symbol: |
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| Institutional: | LMNOX |
| Financial Intermediary: | LMOFX |
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Investment Risks:
Investing in smaller companies may involve higher risk than investments in larger, more established companies. The Fund may suffer significant losses on assets that it sells short. Unlike the possible loss on a security that is purchased, there is no limit on the amount of loss on an appreciating security that is sold short. This Fund can invest in debt securities, which can be subject to interest rate, credit, and inflation risk. 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. International investments are subject to currency fluctuations, social, economic and political risks.
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