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Quarterly Performance

The performance shown represents past performance. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. View full disclosure
View Monthly Performance

Average Annual Total Returns as of 3/31/08

Fund/Class
 1 Month
 3 Months
 YTD
 1 Year
 3 Years
 5 Years
 10 Years
 Inception
 Inception
Date
 Expense Ratio (Gross)1
 Expense Ratio (Net)
Batterymarch U.S. Small Cap Equity Portfolio*
Institutional (LMSIX) -1.27% -11.25% -11.25% -14.42% 1.42% 10.70% -- 3.89% 3/13/00 0.79% 0.79%2
Russell 2000 Index 0.42% -9.90% -9.90% -13.00% 5.06% 14.90% -- 2.92%
 
Financial Intermed (LGSCX) -1.18% -11.24% -11.24% -14.71% 1.00% 10.26% -- 8.84% 1/9/03 2.12% 1.20%3
Russell 2000 Index 0.42% -9.90% -9.90% -13.00% 5.06% 14.90% -- 12.88%
Legg Mason American Leading Companies Trust
Institutional (LGAMX)4 -4.59% -14.18% -14.18% -15.37% 1.20% 9.72% 2.81% 3.16% 6/14/01 0.82% 0.82%2
S&P 500 Index -0.43% -9.44% -9.44% -5.08% 5.85% 11.32% 3.50% 2.56%
Legg Mason Classic Valuation Fund
Institutional (LMCIX) -2.90% -7.22% -7.22% -9.76% 5.72% 13.03% -- 3.56% 7/13/01 1.41% 0.95%5
S&P 500 Index -0.43% -9.44% -9.44% -5.08% 5.85% 11.32% -- 2.97%
Legg Mason Emerging Markets Trust
Institutional (LGEMX)6 -4.80% -10.54% -10.54% 27.80% 33.63% 39.16% -- 36.20% 6/23/05 1.30% 1.24%8
MSCI EM Index -5.28% -10.92% -10.92% 21.65% 29.64% 35.95% -- 30.75%
 
Financial Intermed (LGFMX)6,7 -4.80% -10.57% -10.57% 26.51% 33.63% 39.16% -- 10.07% 6/29/07 1.77% 1.50%8
MSCI EM Index -5.28% -10.92% -10.92% 21.65% 29.64% 35.95% -- 5.74%
Legg Mason Growth Trust
Institutional (LMGNX)9 -2.91% -12.61% -12.61% 0.54% 6.22% 11.76% 5.44% 3.55% 3/4/04 0.77% 0.77%2
S&P 500 Index -0.43% -9.44% -9.44% -5.08% 5.85% 11.32% 3.50% 5.54%
 
Financial Intermed (LMGFX)9 -2.92% -12.67% -12.67% 0.22% 5.88% 11.76% 5.44% 3.49% 1/29/04 1.09% 1.09%2
S&P 500 Index -0.43% -9.44% -9.44% -5.08% 5.85% 11.32% 3.50% 5.78%
 
Class R (LMGRX)9 -2.96% -12.74% -12.74% -0.08% 5.11% 11.76% 5.44% -0.44% 12/28/06 1.40% 1.40%2
S&P 500 Index -0.43% -9.44% -9.44% -5.08% 5.85% 11.32% 3.50% -4.47%
Legg Mason International Equity Trust
Institutional (LGIEX)10 -1.80% -10.21% -10.21% -4.31% 14.46% 22.31% 4.77% 5.50% 5/5/98 0.84% 0.84%2
MSCI EAFE Index -1.00% -8.82% -8.82% -2.27% 13.79% 21.90% 6.56% 6.53%
 
Financial Intermed (LGFEX)10 -1.80% -10.24% -10.24% -4.58% 14.10% 21.02% 4.77% 19.15% 5/16/03 1.20% 1.20%2
MSCI EAFE Index -1.00% -8.82% -8.82% -2.27% 13.79% 21.90% 6.56% 18.88%
 
Class R (LMIRX)10 -1.81% -10.38% -10.38% -4.95% 13.26% 21.02% 4.77% -2.12% 12/28/06 1.96% 1.96%8
MSCI EAFE Index -1.00% -8.82% -8.82% -2.27% 13.79% 21.90% 6.56% 1.78%
Legg Mason Opportunity Trust
Institutional (LMNOX) -5.08% -16.09% -16.09% -19.72% 3.78% 14.09% -- 6.85% 6/26/00 1.39% 1.39%2
S&P 500 Index -0.43% -9.44% -9.44% -5.08% 5.85% 11.32% -- 0.48%
 
Financial Intermed (LMOFX)11 -5.16% -16.22% -16.22% -20.05% 3.41% 12.88% -- 3.13% 2/13/04 1.74% 1.74%2
S&P 500 Index -0.43% -9.44% -9.44% -5.08% 5.85% 11.32% -- 5.78%
 
Class R (LMORX)11 -5.11% -16.21% -16.21% -20.26% 2.68% 12.88% -- -14.28% 12/28/06 2.17% 2.17%2
S&P 500 Index -0.43% -9.44% -9.44% -5.08% 5.85% 11.32% -- -4.47%
Legg Mason Special Investment Trust
Institutional (LMNSX) -8.38% -22.97% -22.97% -28.62% -1.90% 9.98% 7.49% 12.15% 12/1/94 0.73% 0.73%2
S&P Midcap 400 Index -1.02% -8.85% -8.85% -6.97% 7.06% 15.10% 9.02% 13.62%
 
Financial Intermed (LGASX)12 -8.41% -23.05% -23.05% -28.87% -2.19% 8.84% 6.38% 0.93% 7/30/04 1.01% 1.01%2
S&P Midcap 400 Index -1.02% -8.85% -8.85% -6.97% 7.06% 15.10% 9.02% 9.77%
 
Class R (LMARX)12 -8.39% -23.09% -23.09% -29.07% -2.93% 8.84% 6.38% -21.29% 12/28/06 1.47% 1.47%2
S&P MidCap 400 Index -1.02% -8.85% -8.85% -6.97% 7.06% 15.10% 9.02% -1.58%
Legg Mason U.S. Small-Cap Value Trust
Institutional (LUSIX) 0.82% -4.00% -4.00% -17.17% 0.63% 13.37% -- 6.39% 6/19/98 1.00% 1.00%2
Russell 2000 Index 0.42% -9.90% -9.90% -13.00% 5.06% 14.90% -- 6.01%
Legg Mason Value Trust
Institutional (LMNVX) -5.52% -19.51% -19.51% -23.10% -2.91% 7.76% 4.95% 13.37% 12/1/94 0.70% 0.70%2
S&P 500 Index -0.43% -9.44% -9.44% -5.08% 5.85% 11.32% 3.50% 10.27%
 
Financial Interm (LMVFX)13 -5.56% -19.59% -19.59% -23.36% -3.24% 7.40% 3.91% 1.44% 3/23/01 1.03% 1.03%2
S&P 500 Index -0.43% -9.44% -9.44% -5.08% 5.85% 11.32% 3.50% 3.70%
 
Class R (LMVRX)13 -5.59% -19.66% -19.66% -23.57% -3.87% 6.69% 3.91% -20.52% 12/28/06 1.28% 1.28%2
S&P 500 Index -0.43% -9.44% -9.44% -5.08% 5.85% 11.32% 3.50% -4.47%
Western Asset Absolute Return Portfolio
Institutional (WAARX) -2.19% -0.74% -0.74% 1.31% -- -- -- 4.55% 7/6/06 1.09% 0.80%14
 
Financial Intermed (WARIX) -2.22% -0.80% -0.80% 1.03% -- -- -- 3.20% 9/6/06 1.40% 1.05%14
Western Asset Core Bond Portfolio
Institutional (WATFX) -1.53% -2.13% -2.13% -1.88% 2.85% 3.56% 5.64% 7.49% 9/4/90 0.47% 0.47%2
Lehman Aggregate Index 0.34% 2.17% 2.17% 7.67% 5.48% 4.58% 6.04% 7.31%
 
Financial Interm (WAPIX) -1.55% -2.28% -2.28% -2.12% 2.59% 3.29% -- 5.58% 7/21/99 0.72% 0.72%2
Lehman Aggregate Index 0.34% 2.17% 2.17% 7.67% 5.48% 4.58% -- 6.21%
Western Asset Core Plus Bond Portfolio
Instititutional (WACPX) -1.66% -1.92% -1.92% -0.72% 3.37% 4.63% -- 6.06% 7/8/98 0.44% 0.44%2
Lehman Aggregate Index 0.34% 2.17% 2.17% 7.67% 5.48% 4.58% -- 5.93%
 
Financial Interm (WACIX) -1.58% -1.87% -1.87% -0.97% 3.15% 4.38% -- 5.24% 1/8/02 0.69% 0.69%2
Lehman Aggregate Index 0.34% 2.17% 2.17% 7.67% 5.48% 4.58% -- 5.49%
Western Asset High Yield Portfolio
Institutional (WAHYX) -0.11% -4.02% -4.02% -5.88% 4.23% 7.62% -- 7.13% 9/28/01 0.61% 0.61%2
Lehman High Yield Index, 2% Issuer Constrained -0.23% -2.97% -2.97% -3.48% 4.70% 8.50% -- 8.56%
Western Asset Inflation Indexed Plus Bond Portfolio
Institutional (WAIIX) -0.09% 4.66% 4.66% 12.77% 6.60% 6.66% -- 7.80% 3/1/01 0.29% 0.25%15
Lehman U.S. TIPS Index -0.06% 5.18% 5.18% 14.54% 6.75% 6.75% -- 7.98%
 
Financial Intermed (WATPX)7 -0.12% 4.54% 4.54% -- -- -- -- 14.29% 6/28/07 0.54% 0.50%15
Lehman U.S. TIPS Index -0.06% 5.18% 5.18% -- -- -- -- 16.10%
Western Asset Intermediate Bond Portfolio
Institutional (WATIX) -1.16% 0.11% 0.11% 3.77% 4.42% 4.48% 5.88% 6.47% 7/1/94 0.46% 0.45%16
Lehman Intm Govt/Credit Index -0.02% 3.00% 3.00% 8.88% 5.66% 4.37% 5.91% 6.40%
Western Asset Intermediate Plus Bond Portfolio
Institutional (WAIPX) -1.24% -0.23% -0.23% 2.46% 4.09% -- -- 3.52% 4/1/04 0.63% 0.45%17
Lehman Intm Govt/Credit Index -0.02% 3.00% 3.00% 8.88% 5.66% -- -- 4.19%
Western Asset Limited Duration Bond Portfolio
Institutional (WALDX) -4.09% -4.33% -4.33% -4.72% 1.24% -- -- 1.36% 10/1/03 0.58% 0.40%18
Merrill Lynch 1-3 Yr Tsy Idx 0.22% 2.98% 2.98% 9.00% 5.41% -- -- 3.76%
Western Asset Non-U.S. Opportunity Bond Portfolio
Institutional (WAFIX) -0.90% 0.10% 0.10% 2.11% 3.77% 5.66% -- 6.65% 7/15/98 0.64% 0.55%19
Citigroup Wrld Gvt Bd Idx -0.07% 2.14% 2.14% 6.15% 4.86% 4.30% -- 5.54%

Western Asset Global High Yield Bond Portfolio view performance>>
Western Asset Emerging Markets Debt Portfolio view performance>>

The performance shown represents past performance. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown above. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Calculations include reinvestment of dividends and capital gain distributions. Returns for periods less than one year are cumulative.

All indexes listed are unmanaged. An investor cannot invest directly in an index. Click here for Index Definitions. Index performance since inception is calculated from the month end closest to inception for the Merrill Lynch 1-3 Yr U.S. Treasury Index, Citigroup World Government Bond ex-U.S. Index (Hedged) and all equity indexes shown. Equity indexes include reinvestment of dividends.

*As of February 27, 2004, the Batterymarch U.S. Small Capitalization Equity Portfolio is closed to new investors.
1Gross expenses are the Fund's total annual operating expenses for the share class indicated as of the date of the Fund's most current prospectus and do not reflect fee waivers or reimbursements. These expenses include management fees, 12b-1 distribution and service fees, and other expenses.
2Because the Fund does not currently have fee waivers or reimbursements, gross and net expense ratios are the same.
3Net expenses are the Fund's total annual operating expenses for the share class indicated as of the date of the Fund's most current prospectus and reflect contractual fee waivers and/or reimbursements. The Fund's Manager has contractually agreed to waive fees and/or reimburse expenses until 7/31/08 to limit total annual operating expenses to 1.20% for Financial Intermediary Class of the Fund's average daily net assets attributable to that class.
4American Leading Companies Trust I: Total return for the 10-year period represents performance for Primary Class, which has higher expenses. The 1-year and 5-year returns for Primary Class as of 3/31/08 are
-16.24% and 8.62%, respectively.
5Classic Valuation I: Net expenses are the Fund's total annual operating expenses for the share class indicated as of the date of the Fund's most current prospectus and reflect contractual fee waivers and/or reimbursements. The Fund's Manager has contractually agreed to waive fees and/or reimburse expenses until 2/29/09 to limit total annual operating expenses to 0.95% for Institutional Class of the Fund's average daily net assets attributable to that class.
6 Emerging Markets Trust: Total returns for the 3- and 5-year periods for the Institutional Class and for the 1-, 3- and 5-year periods for the Financial Intermediary Class represent performance for Primary Class, which has higher expenses. The since inception (5/28/96) return for Primary Class as of 3/31/08 is 13.05%.
7Since inception return is cumulative.
8Net expenses are the Fund's total annual operating expenses for the share class indicated as of the date of the Fund's most current prospectus and reflect voluntary fee waivers and/or reimbursements, which may be reduced or terminated at any time.
9 Growth Trust: For I and FI Classes, total returns for the 5- and 10-year periods represent performance for Primary Class, which has higher expenses. For Class R, total returns for the 3-,