Fact sheet: LM Royce US SCapOpp

Fund information
Fund name
Legg Mason Royce US Small Cap Opportunity X Acc USD
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund managers
  • Bill Henchsince 31/05/2009
Fund objective
The Fund seeks to achieve long-term capital appreciation by investing at least 70% of its Net Asset Value in a diversified portfolio of equity securities issued by small- and micro-cap U.S. companies (market capitalisations of less than US$2.5 billion). The Sub-Investment Manager attempts to take advantage of what it believes are opportunistic situations for undervalued securities.
Benchmark
  • Russell 2000
Investment style
Total Return,Value
Investment method
Shares
Quick stats
1 Year return
28.1%
1 Year rank in sector
2/31
Sector
FO Equity - Small Cap USA
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.21%
Fund size
£863m (£685m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
154
Top in this sector
Fund name1 Year
GS US Sml Cap CORE Eq Pfl43.5%
SEI US Sm Cos37.8%
LM Royce US SCapOpp28.1%
Dimensional US Small Cos26.8%
RBC (Lux) USSMCapEq25.6%
...more in FO Equity - Small Cap USA

Performance snapshot

Holdings snapshot

  • USA95.8%
    Money Market4.2%
  • Information Technology27.4%
    Industrials23.2%
    Consumer Discretionary13.5%
    Materials9.3%
    Financials7.8%
  • US Equities95.8%
    Cash & Cash Equivalents4.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund17.7%12%20.5%28.1%17.2%99.4%
Sector12.1%6.9%13.3%16.4%22.9%87.9%
Rank within sector2 / 344 / 343 / 322 / 3118 / 259 / 24
Quartile1st1st1st1st3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund31.5%-13.1%-1.4%41.4%21.5%
Sector19%-4.1%4.8%37.9%11.8%
Rank within sector2 / 3126 / 2723 / 259 / 251 / 24
Quartile1st4th4th2nd1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-2.98
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.23
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.02
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
18.4
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.97
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.3
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.89
Price movement
52 week high148.69
52 week low95.41
Current bid price-
Current offer price-
Current mid price150.83
Region
1USA95.82%
2Money Market4.18%
Industry sector
1Information Technology27.36%
2Industrials23.23%
3Consumer Discretionary13.47%
4Materials9.28%
5Financials7.78%
6Health Care6.86%
7Cash & Cash Equivalents4.18%
8Energy3.82%
9Consumer Staples1.97%
Asset type
1US Equities95.82%
2Cash & Cash Equivalents4.18%
Individual holdings
1MUELLER WATER PRODUCTS INC1.03%
2KRATOS DEFENSE&SECURITY SOLUTIONS1.02%
3BROOKS AUTOMATION INC1%
4KRATON CORP0.97%
5MICROSEMI0.97%
6GENERAL CABLE CORP0.95%
7PMC INC0.95%
8MERCURY SYSTEMS INC0.92%
9MAXLINEAR INC0.91%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund objective
The Fund seeks to achieve long-term capital appreciation by investing at least 70% of its Net Asset Value in a diversified portfolio of equity securities issued by small- and micro-cap U.S. companies (market capitalisations of less than US$2.5 billion). The Sub-Investment Manager attempts to take advantage of what it believes are opportunistic situations for undervalued securities.
Benchmark
  • Russell 2000
Investment style
Total Return,Value
Investment method
Shares
Fund managers
NameSinceBiography
Bill Hench31/05/2009Mr. Hench joined the firm in 2002 after spending 10 years in the institutional equity business in Boston and New York, most recently with JP Morgan. After receiving a bachelor’s degree from Adelphi University in 1986, Bill began his professional career as a CPA in 1989 with Coopers and Lybrand.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, IA Recognised, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, China, Germany, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Ireland, Italy, Republic Of Korea, Luxembourg, Macau, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden, Taiwan - Province Of China
Legg Mason Royce US Small Cap Opportunity A Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price202.29
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDGC6
Legg Mason Royce US Small Cap Opportunity A Acc SGD
Initial charge5%
Annual charge1.5%
Min single investment£1,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)2.04%
Bid price-
Offer price-
Mid price1.71
CurrencySGD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMMF9
Legg Mason Royce US Small Cap Opportunity A Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price163.88
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDGC5
Legg Mason Royce US Small Cap Opportunity A CNH
Initial charge5%
Annual charge1.5%
Min single investment£6,000
Min regular saving£3,000
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.72
CurrencyCNH
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKYTG
Legg Mason Royce US Small Cap Opportunity A Hedged Acc AUD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price139.49
CurrencyAUD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJE0F
Legg Mason Royce US Small Cap Opportunity A Hedged Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price140.44
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIB3U
Legg Mason Royce US Small Cap Opportunity A Hedged Acc GBP
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.83
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJZOA
Legg Mason Royce US Small Cap Opportunity A Hedged Acc SEK
Initial charge5%
Annual charge1.5%
Min single investment£65,000
Min regular saving£3,250
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price143.33
CurrencySEK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI94I
Legg Mason Royce US Small Cap Opportunity A Hedged Acc SGD
Initial charge5%
Annual charge1.5%
Min single investment£1,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.643
CurrencySGD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGQIW
Legg Mason Royce US Small Cap Opportunity A Hedged Inc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.38
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNMPN
Legg Mason Royce US Small Cap Opportunity A(A) Dis GBP
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)2.04%
Bid price-
Offer price-
Mid price205.59
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNLI6
Legg Mason Royce US Small Cap Opportunity A(A) Dis USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)2.02%
Bid price-
Offer price-
Mid price497.71
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJY47
Legg Mason Royce US Small Cap Opportunity B Acc USD
Initial charge-
Annual charge2%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.48%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price174.61
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDGC7
Legg Mason Royce US Small Cap Opportunity B(A) Dis USD
Initial charge-
Annual charge2%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.47%
Total expense ratio (TER)2.52%
Bid price-
Offer price-
Mid price467.38
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUQ27
Legg Mason Royce US Small Cap Opportunity C Acc USD
Initial charge-
Annual charge2%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.47%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price174.91
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDGC8
Legg Mason Royce US Small Cap Opportunity C(A) Dis USD
Initial charge-
Annual charge2%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.47%
Total expense ratio (TER)2.52%
Bid price-
Offer price-
Mid price463.95
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUQ28
Legg Mason Royce US Small Cap Opportunity E Acc EUR
Initial charge2.5%
Annual charge2.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.73%
Total expense ratio (TER)2.76%
Bid price-
Offer price-
Mid price214.8
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK4F9
Legg Mason Royce US Small Cap Opportunity E Acc USD
Initial charge2.5%
Annual charge2.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.72%
Total expense ratio (TER)2.77%
Bid price-
Offer price-
Mid price158.72
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMHL1
Legg Mason Royce US Small Cap Opportunity E Hedged
Initial charge2.5%
Annual charge2.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.5
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJQIZ
Legg Mason Royce US Small Cap Opportunity E(A) Dis USD
Initial charge2.5%
Annual charge2.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.72%
Total expense ratio (TER)2.76%
Bid price-
Offer price-
Mid price158.7
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMHL2
Legg Mason Royce US Small Cap Opportunity F Acc USD
Initial charge-
Annual charge1.25%
Min single investment£5,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.37%
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price171.68
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMHL3
Legg Mason Royce US Small Cap Opportunity F(A) Dis USD
Initial charge-
Annual charge1.25%
Min single investment£5,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.37%
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price171.87
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMHL4
Legg Mason Royce US Small Cap Opportunity Premier Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£30,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price265.65
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJYF6
Legg Mason Royce US Small Cap Opportunity Premier Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£15,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price181.63
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIB3V
Legg Mason Royce US Small Cap Opportunity Premier Acc USD
Initial charge-
Annual charge0.75%
Min single investment£30,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)0.87%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price194.64
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIXJ8
Legg Mason Royce US Small Cap Opportunity Premier Hedged Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.24
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKYTJ
Legg Mason Royce US Small Cap Opportunity R Acc EUR
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price153.28
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJY5Z
Legg Mason Royce US Small Cap Opportunity X (A) Dis GBP
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price178.48
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJDKM
Legg Mason Royce US Small Cap Opportunity X (A) Inc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.57
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNNRC
Legg Mason Royce US Small Cap Opportunity X Acc USD
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price150.83
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIBQF
Legg Mason Royce US Small Cap Opportunity X GBP
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price194.89
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI8BJ
Legg Mason Royce US Small Cap Opportunity X Hedged Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.37
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJTMC
Data provided by

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