Back to top

3 Zacks Rank #1 Legg Mason Mutual Funds for Sturdy Returns

Read MoreHide Full Article

With nearly $728 billion of assets under management (as of March 31, 2017), Legg Mason has 33 years of experience in providing financial services throughout the world. Legg Mason, along with its nine investment affiliates, currently manages more than 90 mutual funds across a wide range of categories, including both equity and fixed-income funds. Most of the company’s clients (67%) are domiciled in the U.S. This Baltimore-based company serves both individual and institutional investors with around 3,400 employees in 40 offices throughout the globe.

Below we share with you three top-ranked 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.

Western Asset Municipal High Income A (STXAX - Free Report) seeks tax exempted current income. The fund invests a major portion of its assets in “municipal securities” rated in the Baa/BBB categories or below investment grade. In case of no rating, the sub-adviser determines the fund’s credit quality. Western Asset Municipal High Income A has one-year annualized returns of 0.6%.

STXAX has an expense ratio of 0.80% compared with the category average of 0.94%.

ClearBridge Large Cap Value R (LCBVX - Free Report) invests a bulk of its assets in equity securities of large-cap companies. LCBVX seeks appreciation of capital for the long run as well as maximization of income. ClearBridge Large Cap Value Rhas one-year annualized returns of 17.1%.

As of June 2017, LCBVX held 57 issues with 4.13% of its assets invested in JPMorgan Chase & Co.

ClearBridge Small Cap A (LMSAX - Free Report) seeks growth of capital. LMSAX invest the lion’s share of its assets in common stocks and other equity securities of small-cap companies and other investments, which are expected to have similar kind of economic characteristics. ClearBridge Small Cap Ahas one-year annualized returns of 21.5%.

Brian Lund is one of the fund managers of LMSAX since 2013.

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.

Want key mutual fund info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>

More from Zacks Mutual Fund Commentary

You May Like