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 |
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| Performance Benchmark: |
S&P MidCap 400 Index
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| Total Fund Assets: |
$746.2 million (as of 3/31/09)
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| Ticker Symbol: |
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| Institutional: | LMNSX |
| Financial Intermediary: | LGASX |
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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. Small-cap stocks involve greater risks and volatility than stocks of large-cap companies. High yield bonds involve greater credit and liquidity risk than investment grade bonds. 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. 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.
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