Legg Mason Special Investment Trust
Investment Objective:
Capital appreciation.
Investments:
The Fund invests primarily in equity securities, and securities convertible into equity securities, of companies whose market caps are typically classified as small to mid-size. The Fund also invests in "special situations" without regard to market cap. Special situations are companies undergoing unusual or possibly one-time developments that, in the Adviser's opinion, make them attractive for investment.
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| Inception Date: |
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| Institutional: | December 1, 1994 |
| Financial Intermediary: | July 30, 2004 |
| Class R: | December 28, 2006 |
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| Performance Benchmark: |
S&P MidCap 400 Index
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| Total Fund Assets: |
$1.8 billion (as of 6/30/08)
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| Ticker Symbol: |
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| Institutional: | LMNSX |
| Financial Intermediary: | LGASX |
| Class R: | LMARX |
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Investment Risks:
A fund that invests in smaller companies may involve higher risk than a fund that invests in larger, more established companies. Small companies may have limited product lines, markets or financial resources. The value approach to investing involves the risk that those stocks deemed undervalued by the portfolio manager may remain undervalued.
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