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4 Zacks Rank #1 Legg Mason Mutual Funds to Buy Now

Zacks Equity Research

Legg Mason and its affiliates currently have over $96.1 billion (excluding money market assets) invested in 112 mutual funds with the help of its affiliates across a wide range of categories including both equity and fixed-income funds. Founded in 1899, Legg Mason is one of the world’s largest asset managers with assets under management of $708 billion. It uses a multi-affiliate business model to provide an array of financial services to individual and institutional investors in 190 countries across six continents. The affiliates operate with a high degree of autonomy each utilizing its unique approach and processes. Legg Mason currently has 31 offices throughout the globe, including New York, London, Tokyo and Hong Kong.

Below we share with you 4 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. To view the Zacks Rank and past performance of all Legg Mason mutual funds, investors can click here to see the complete list of Legg Mason mutual funds .

ClearBridge Mid Cap Core 1 (SMCPX) seeks capital appreciation over the long run. SMCPX invests the major portion of its assets in equity securities and similar investments of mid-cap companies. SMCPX may also invest not more that 20% of its assets in securities of companies other than mid-cap ones. SMCPX may allocate a maximum of one-fourth of its assets in securities of companies located in foreign lands. The ClearBridge Mid Cap Core 1 fund has returned 8.3% over the past one year.

SMCPX has an expense ratio of 1.09% as compared to the category average of 1.15%.

QS Batterymarch US Small Cap Equity A (LMBAX) invests a large chunk of its assets in equity and equity-related securities of small-cap companies. LMBAX primarily focuses on acquiring securities of companies having their primary operations in the U.S. LMBAX may also invest in non-US securities through American Depositary Receipts (ADRs). The QS Batterymarch US Small Cap Equity A fund has returned 4.2% over the past one year.

Stephen A. Lanzendorf is the fund manager of LMBAX since 2006.

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. WABAX 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. The Western Asset Core Bond A fund has returned 2.2% over the past one year.

As of September 2015, WABAX held 1,532 issues with 6.90% of its assets invested in US Treasury Bond 3%.

Western Asset Core Plus Bond A (WAPAX) invests the majority of its assets in securities that are expected to provide fixed income. A dollar-weighted average effective duration of WAPAX’s portfolio is believed not to exceed 30% of the same of the domestic bond market. WAPAX may invest a maximum of 20% of its assets in securities that are denominated in foreign currencies. The Western Asset Core Plus Bond A fund has returned 2.1% over the past one year.

WAPAX has an expense ratio of 0.78% as compared to the category average of 0.82%.

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 https://www.zacks.com/funds.


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