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3 Strong Buy Legg Mason Mutual Funds to Invest In

With nearly $670 billion of assets under management (as of Mar 31, 2016), Legg Mason has an experience of 33 years in providing financial services throughout the world. Legg Mason, along with its nine investment affiliates currently manages 99 mutual funds across a wide range of categories, including both equity and fixed-income funds. Most of the company’s clients (63%) are domiciled in the U.S. This Baltimore-based company serves both individual and institutional investors with around 3,000 employees placed at 31 offices throughout the globe.

Below we share with you three top-rated Legg Mason mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Legg Mason mutual funds, their Zacks Rank and past performance .

Western Asset Core Bond A (WABAX) seeks to provide maximum total return. WABAX invests the lion’s share of its assets in fixed-income securities including debt securities. The fund invests in securities irrespective of their maturity periods. However, WABAX is expected to maintain a dollar-weighted average effective duration within 20% of the domestic bond market. Western Asset Core Bond A has a year-to-date return of 3.4%.

S. Kenneth Leech is one of the fund managers of WABAX since 2014.

ClearBridge Dividend Strategy 1 (LCBOX) invests a large chunk of its assets in equity securities in order to derive high dividend income. LCBOX invests a notable portion of its assets in securities of companies that are expected to pay dividend. The fund seeks capital growth over the long run through dividend income appreciation. ClearBridge Dividend Strategy 1 has a year-to-date return of 5.5%.

LCBOX has an expense ratio of 0.87% as compared to the category average of 1.10%.

ClearBridge Appreciation A (SHAPX) seeks long-term capital growth. SHAPX generally invests in equity-related securities of domestic firms. Though SHAPX invests in securities of companies irrespective of their market capitalization, it allocates most of its assets in large- and mid-cap companies. SHAPX may also invest not more than one-fifth of its assets in securities of companies located in the foreign lands. ClearBridge Appreciation A has a year-to-date return of 3.2%.

As of March 2016, SHAPX held 82 issues with 3.83% of its assets invested in Microsoft Corp.

To view the Zacks Rank and past performance of all Legg Mason mutual funds, investors can click here to see the complete list of funds .

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.


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