Fund search Browse or

LEGG MASON GROWTH A - Fund overview

No Bestinvest rating
Find rated north america funds

Overview of LEGG MASON GROWTH A

Hagstrom, the named fund manager, is well known as the author of a number of best selling publications on Warren Buffet and his investment methodology. Hagstrom could also be described as a disciple of the Warren Buffet approach, but unusually he applies Buffet’s principles exclusively to growth stocks. Legg Mason refer to his style as ‘growth investing in a value based world’.

Standard Initial Charge

5.00% 0.00%

Fund summary

Sector	North America
Product type	OFFSHORE FUND
Launched	February, 2004
Size	£16m
Yield	0.0%
Charging basis	–
Dividends paid	–
Bid price	5,180.25p

Fund Charges

Standard Initial charge	5.00%
Initial charge via Bestinvest	0.00%
Additional bid/offer spread	0.00%
Annual management charge	1.20%
Total expense ratio	1.81%
Reduction in yield (10yr)	1.81%

Bestinvest says

No information available.

Portfolio

legg mason growth a asset allocation illustration

Allocation		Proportion

	Equity	98%
	High yield bonds	0%
	Quality bonds	0%
	Property	0%
	Commodities	0%
	Hedge	0%
	Fund cash	2%

legg mason growth a equity geographic illustration

Allocation		Proportion

	UK	0%
	Europe	0%
	Nth America	100%
	Japan	0%
	Pacific	0%
	Other Equity	0%

legg mason growth a equity capitalisation illustration

Allocation		Proportion

	Large Caps	80%
	Mid Caps	20%
	Small Caps	0%

View all performance data for LEGG MASON GROWTH A

Investment process

The fund seeks to provide long-term capital appreciation by investing primarily in US equities that appear to have a strong potential growth. These returns are associated with companies that can demonstrate strong dividend growth rates, high returns on capital and a sustainable competitive advantage. Company analysis focuses on cash generation, ROIC and an indepth understanding of the business model.
The investment style is characterised by low turnover, focus with an emphasis value (defined as a company's instrinsic worth). This compares with traditional growth investors who are momentum or GARP driven and more broadly diversified with a higher turnover.
The portfolio sector breakdown varies considerably against benchmark allocations, not only on account of the focused nature of the portfolio, but also because a number of sectors do not provide the requisite growth characteristics and are consequently zero weighted.
The fund has about a 45% commonality with Bill Miller’s fund - however Hagstrom's fund focuses exclusively on growth opportunities, whilst Miller's will also owns what some investors might perceive to be traditional value plays. The two portfolio structures are very similar in terms of individual and top 10 stock concentrations.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

Research