Fund Research for Legg Mason Cap Mgmt Value C (LMVTX)

  • Fund Overview

    Fund Inception Date: Apr 16, 1982
    Category: Large Blend
    Overall Risk: High
    Fund Family: Legg Mason/Western
    Return Since Inception: 11.82%
    YTD Return: 31.76%
    Yield (TTM): 0.00%
    Net Assets: 2.74 B
    Morningstar Rating:
    1 of 5

    The investment seeks long-term growth of capital. The fund primarily invests in equity securities of companies with market capitalizations greater than $5 billion but may invest in companies of any size. It may invest up to 25% of total assets in long-term debt securities and up to 10% of total assets in debt securities rated below investment-grade.

    You need a current version of Adobe Flash Player plugin to view this chart.

    Get Adobe Flash player
    Size
    Average Market Cap $23,739 M
    Market Capitalization Portfolio
    Giant 28.28%
    Large 49.56%
    Medium 20.81%
    Small 1.35%
    Micro 0.00%
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/04/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

    You need a current version of Adobe Flash Player plugin to view this chart.

    Get Adobe Flash player

    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 31.76% 16.58% -16.61% -7.55% -3.18% 11.82%
    +/- Category 11.79% 7.54% -10.35% -7.58% -3.12% —
    +/- S&P 500 TR 13.67% 5.52% -10.16% -7.83% -0.95% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 29.89% 17.14% -16.98% -6.92% -3.18% 11.82%
    Quarter (as of 09/30/2009) 35.38% -4.08% -14.37% -6.01% -1.82% 12.03%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/04/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/04/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 04/16/1982
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 29.53%
    Service 50.81%
    Manufacturing 17.50%

    Asset Allocation

    Short Long Net Assets
    Cash — 2.18% 2.18%
    Stocks — 97.82% 97.82%
    Bonds — 0.00% 0.00%
    Other — 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 — 0.00% 0.00%
    Data as of 06/30/2009 Data as of 06/30/2009 View Fund Portfolio

    Top 10 Holdings

    Sector P/E Return as of 10/31/2009 Net Assets
    - AES CORP (AES) Utilities 14.06 67.84% 9.85%
    - AETNA INC NEW (AET) Healthcare 10.32 -3.23% 4.26%
    - SEARS HLDGS CORP (SHLD) Consumer Services — 62.03% 4.26%
    - EBAY INC (EBAY) Consumer Services 14.28 66.48% 4.21%
    - UNITEDHEALTH GROUP INC (UNH) Healthcare 9.61 -6.80% 4.07%
    - STATE STR CORP (STT) Financial Services 12.86 28.43% 3.68%
    - YAHOO INC (YHOO) Telecom 57.21 42.54% 3.55%
    = HEWLETT PACKARD CO (HPQ) Hardware 16.83 27.31% 3.49%
    - CISCO SYS INC (CSCO) Hardware 24.23 41.66% 3.31%
    - AFLAC INC (AFL) Financial Services 13.43 -9.36% 3.25%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/09/2009
    All other data as of 06/30/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred 0.95%
    Taken from prospectus dated 08/01/2009
    Expense Ratio (based on net assets) 1.72%
    Taken from annual report dated 03/31/2009

  • Fund Management

    Bill Miller
    Start Date: 04/16/1982
    Bill Miller is the CEO of Legg Mason Capital Management. He has been employed by Legg Mason since 1982. In addition, he is on the Board of Trustees at the Santa Fe Institute, a leading center for multi-disciplinary research in complex systems theory. After graduating with an economics degree from Washington & Lee University in 1972, Bill served as a military intelligence officer overseas and then pursued graduate studies in the Ph.D. program in philosophy at The Johns Hopkins University.
    Mary Chris Gay
    Start Date: 03/31/2006
    Gay is chief investment officer and senior vice president of LMCM. She is responsible for the day-to-day management and investment decisions made with respect to the Large Cap Fund. Ms. Gay manages the portfolio based upon a master portfolio managed by Bill Miller. She joined the research department of Legg Mason, Inc. in 1988 and became an analyst for LMCM in 1989. She was named a Portfolio Manager in 1998.