Fact sheet: Legg Mason IFClBrUSEqInc

Fund information
Fund name
Legg Mason IF ClearBridge US Equity Income X Inc
Fund manager company
Legg Mason Funds ICVC
Fund type
OEIC
Fund managers
  • Peter Vanderleesince 16/10/2011
  • Harry Hersh Cohensince 16/10/2011
  • MIchael Clarfeldsince 16/10/2011
Fund objective
To provide a high level of income as well as longterm capital growth. Given the income generation and long-term capital growth objectives of the Fund, the overall objective is that of total return.
Benchmark
  • S&P 500
Investment style
Concentrated
Investment method
Shares
Quick stats
1 Year return
29.2%
1 Year rank in sector
25/82
Sector
UT North America
Yield
1.7%
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.
0.93%
Fund size
£98m (£60m 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.
68
Mid price
194.5
Top in this sector
Fund name1 Year
VT De Lisle America53.3%
CF Canlife North American44.5%
Aviva Inv US Equity Income39.6%
Investec American38.9%
Aviva Inv US Eq Inc II38.8%
...more in UT North America

Performance snapshot

Holdings snapshot

  • USA86.9%
    Money Market9.4%
    Switzerland2.7%
    Belgium1%
  • Consumer Staples14.3%
    Industrials13.1%
    Financials12.9%
    Information Technology12.9%
    Cash & Cash Equivalents9.4%
  • US Equities86.9%
    Cash & Cash Equivalents9.4%
    Swiss Equities2.7%
    Belgian Equities1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.1%6%19.4%29.2%57.2%107.5%
Sector4.6%8.2%20.9%26.3%59.2%119.4%
Rank within sector67 / 9069 / 8868 / 8425 / 8253 / 7352 / 64
Quartile3rd4th4th2nd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund28.7%0.3%19.7%24.1%6.3%
Sector26.3%4.9%17.8%30.5%6.9%
Rank within sector25 / 8275 / 8029 / 7365 / 6644 / 64
Quartile2nd4th2nd4th3rd
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.
2.08
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.
0.88
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.
1.16
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%.
10.92
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.
4.74
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.
0.05
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.
0.83
Price movement
52 week high197.8
52 week low147.6
Current bid price-
Current offer price-
Current mid price194.5
Region
1USA86.92%
2Money Market9.4%
3Switzerland2.69%
4Belgium0.99%
Industry sector
1Consumer Staples14.28%
2Industrials13.05%
3Financials12.91%
4Information Technology12.91%
5Cash & Cash Equivalents9.4%
6Consumer Discretionary9.15%
7Health Care7.44%
8Energy5.5%
9Materials5.09%
Asset type
1US Equities86.92%
2Cash & Cash Equivalents9.4%
3Swiss Equities2.69%
4Belgian Equities0.99%
Individual holdings
1BERKSHIRE HATHAWAY INC3.27%
2MICROSOFT CORP2.78%
3NESTLE SA2.75%
4HOME DEPOT INC2.72%
5TEXAS INSTRUMENTS INC2.57%
6COMCAST CORP(NEW)2.54%
7ALPHABET INC2.37%
8APPLE INC2.22%
9GENERAL ELECTRIC CO.2.22%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Funds ICVC
Fund type
OEIC
Fund objective
To provide a high level of income as well as longterm capital growth. Given the income generation and long-term capital growth objectives of the Fund, the overall objective is that of total return.
Benchmark
  • S&P 500
Investment style
Concentrated
Investment method
Shares
Fund managers
NameSinceBiography
Peter Vanderlee16/10/2011Peter is a member of the Income Solutions team that co-manages the Equity Income Builder and Dividend Strategy products. Peter's investment industry experience includes a senior associate position in the Financial Services and Information Technology Group of Booz Allen & Hamilton and a senior position as first vice president within the Information Technology Division of Citigroup Inc. Peter transitioned to a Clear Bridge Investments predecessor firm in 1999. Peter received his MS in Math/Computer Science from the University of Technology, Eindhoven, Holland and his MBA from New York University's Leonard N. Stern School of Business. He is a Chartered Financial Analyst and a member of the CFA Institute.
Harry Hersh Cohen16/10/2011Harry is a Senior Portfolio Manager and Co-CIO of Clear Bridge Investments. He leads the Income Solutions team that manages the Dividend Strategy and Equity Income Builder products, in addition to managing numerous private portfolios and retirement funds. Hersh began his career with a predecessor organisation in 1969 as a portfolio manager. Hersh received his BA from Western Reserve University in 1962 (now Case Western Reserve University), and earned a PhD in Psychology from Tufts University in 1966. Hersh spends his spare time cooking and collecting American prints from the Depression era. He stays in shape by jogging, playing softball and hiking. Raised in Cleveland, he is an avid fan of the Cleveland Indians, the Cleveland Browns and the Rock and Roll Hall of Fame.
MIchael Clarfeld16/10/2011Michael is a member of the Income Solutions team. He joined Clear Bridge Investments in 2006 as a Research Analyst and was named a Portfolio Manager in 2009. Prior to joining Clear Bridge Investments, Michael served as an Equity Analyst at Hygrove Partners and was a Financial Analyst at Goldman Sachs. He is a member of the CFA Institute and of the New York Society of Security Analysts. Michael received his BA in History from Duke University.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Legg Mason IF ClearBridge US Equity Income A Inc
Initial charge-
Annual charge1%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.34%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price187.6
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0GBF
Legg Mason IF ClearBridge US Equity Income B Inc
Initial charge-
Annual charge1%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price192
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0GBG
Legg Mason IF ClearBridge US Equity Income X Acc
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price216.1
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0GBI
Legg Mason IF ClearBridge US Equity Income X Hedged Inc
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price153.6
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0GBJ
Legg Mason IF ClearBridge US Equity Income X Inc
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price194.5
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0GBH
Data provided by

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