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Legg Mason ClearBridge US Aggressive Growth X GBP

  • 25161.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.65%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.12%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 01 March 2021

The fund's goal is to achieve growth over the long term by investing in shares of US companies. The fund will try to focus on companies that the portfolio managers believe are experiencing or have potential to experience above-average growth of earnings and/or cash flow.

Fund summary

Sector North America
Structure OFFSHORE FUND
Launched April, 2013
Size £542m
Yield 0.00%
Charging basis
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.65%
Ongoing charges figure 1.12%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.09%
  • 17/18 0.24%
  • 18/19 0.27%
  • 19/20 -0.07%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.07%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 82.60%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Richard Freeman / Evan Bauman

Freeman joined Shearson American Express, a predecessor organization, in 1983 as co-manager of an aggressive growth mutual fund. He became a portfolio manager for ClearBridge Multi Cap Growth portfolios in 1991. His prior positions include vice president for trusts and investments at Chemical Bank and vice president of research at Drexel Burnham Lambert. Freeman received a BS in Accounting from Brooklyn College, and an MBA in Finance from New York University. He is a New York baseball enthusiast and enjoys playing golf in his spare time.

Track record

Richard Freeman / Evan Bauman has 14.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.07%. During the worst period of relative performance (from June 2001 - November 2008) there was a decline of 27% relative to the index. The worst absolute loss has been 50%.

Periods of worst performance

Absolute -50.00% (June 2001 - September 2002)
Relative -27.00% (June 2001 - November 2008)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Key Investor Information

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