Individual Investors
Related Literature





      Portfolio Managers




          ClearBridge Value Trust

          Share class

          Fund highlights

          • Research process centered on valuation, high active share, and a long-term investment horizon in a multi-disciplinary approach that seeks large price to value gaps that we believe will close over time.
          • Seeks both secularly and cyclically mispriced large capitalization securities.
          • Looks for companies that can sustain high financial metrics or improve depressed financial metrics over a reasonable investment horizon.

          View Fact Card

          The performance shown represents past performance. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. For performance data including the effects of sales charges, Class A shares reflect the deduction of a maximum front-end sales charge of 5.75%. One-year returns for Class C shares reflect a maximum contingent deferred sales charge (CDSC) of up to 0.95%, respectively.

          If sales charges were included, performance shown would be lower.

          Average Annual Total Returns (%)

            1 Yr 3 Yr 5 Yr 10 Yr Since Inception

          Sector Allocation (%) As of Dec-31-2015


          Allocations are subject to change

          What should I know before investing?

          Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks including currency fluctuations, social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. The manager's investment style may become out of favor and/or the manager's selection process may prove incorrect; which may have a negative impact on the Fund's performance. Because this Fund expects to hold a concentrated portfolio of securities, and invests in certain regions or industries, it has increased vulnerability to market volatility. Additional risks may include those risks associated with investing in fixed income and high yield securities. Please see the prospectus for more information.

          Meet your ClearBridge managers

          Sam Peters, CFA (industry since 1992) and Jean Yu, CFA (industry since 2002) are the portfolio managers of your Fund.

          ClearBridge Investments offers institutional and individual investors a variety of traditional and alternative equity strategies. With an investment heritage dating back over 50 years, ClearBridge offers distinctive manager insights and proprietary fundamental research.

          Legg Mason's unique structure provides you with access to this specialized expertise, offering a powerful portfolio of solutions through our independent investment management firms.

          Sam Peters, CFA     Jean Yu, CFA

          Daily Statistics As of Feb-10-2016

          $ NAV $ Chg % Chg

          Fund Facts As of Dec-31-2015

          Morningstar Category Large Blend
          Lipper Category

          View All Rankings
          Large-Cap Core Funds
          Weighted Average Capitalization (in billions) $95.40
          Number of Holdings 50
          Net Assets (in billions) $2.41

          Fund Symbols


          **Gross expenses are the Fund's total annual operating expenses for the share class(es) shown. Net expenses for Class(es) A, C, FI, I & R reflect contractual fee waivers and/or reimbursements, where these reductions reduce the Fund's gross expenses, which cannot be terminated prior to Dec 31, 2016 without Board consent.

          An XBRL file is not a fund's complete prospectus. XBRL is an interactive data format and is provided in addition to a fund's prospectus and annual and semi-annual reports linked to this page. An XBRL file is not viewable without a viewer tool. A viewer tool is available on the SEC website at You can download an XBRL zip file and view it on the SEC website or use the data for analysis with any comparison tool.

          Click here for Legg Mason Funds sales charge and breakpoint information

          Past performance is no guarantee of future results. Each fund is ranked based on average annual total returns assuming reinvestment of dividends, capital gains and distributions at net asset value and the deduction of all fund expenses. Each fund is ranked within a universe of funds similar in portfolio characteristics and capitalizations as defined by Lipper Inc. Rankings do not include the effect of the Fund's sales charges. Results would have been less favorable had sales charges been included. A high Lipper ranking does not necessarily imply that a fund achieved positive results for the period. Lipper Inc. is a nationally recognized organization that ranks the performance of mutual funds.

          Ratings shown are for the highest and lowest rated share classes only, when available.

          Lipper Top Quartile rankings are shown for those funds that are ranked in the top 25% of their Lipper category.

          There is no guarantee that the Fund's objective will be met.

          Portfolio holdings are subject to change at any time. Percentages are based on total portfolio. This information is provided for information purposes only and should not be construed as a recommendation to purchase or sell any security.

          CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor's Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2016 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.

          Click here for additional term definitions.

          All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each investment's individual web page for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision.

          Click here for additional term definitions. An investor cannot invest directly in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges. Click here for Index Definitions.

          Mutual Funds:
          Investors should consider the fund's investment objectives, risks, charges and expenses carefully before investing. Find this and other information in each fund's prospectus or if available, summary prospectus on the product specific pages of this website. Read it carefully before investing.

          An investment in a money market fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

          Separately Managed Accounts (SMA):
          Managed Accounts/Separately Managed Accounts (SMAs) are investment services provided by Legg Mason Private Portfolio Group, LLC (LMPPG), a federally registered investment adviser. Client portfolios are managed based on investment instructions or advice provided by one or more of the following Legg Mason-affiliated sub-advisers: ClearBridge Investments and Western Asset Management Company. Management is implemented by LMPPG, the designated sub-adviser or, in the case of certain programs, the program sponsor or its designee.

          Closed-End Funds:
          The Closed-End Funds are not sold or distributed by Legg Mason Investor Services, LLC ("LMIS") or any affiliate of Legg Mason, Inc. Unlike open-end funds, shares are not continually offered. Like other public companies, closed-end funds have a one-time initial public offering, and once their shares are first issued, are generally bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges. Share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than your original investment. Shares of exchange-traded closed-end funds may trade at a discount or premium to their original offering price, and often trade at a discount to their net asset value. Net Asset Value (NAV) is total assets less total liabilities divided by the number of shares outstanding. Market Price, determined by supply and demand, is the price an investor purchases or sells the fund. Investment return, market price and net asset value will fluctuate with changes in market conditions. The Funds are subject to investment risks, including the possible loss of principal invested. Note that unlike other closed-end funds, Western Asset Middle Market Debt Fund is not publicly traded and is closed to new investors.

          529 - Scholars Choice:
          An investor should consider the Program's investment objectives, risks, charges and expenses before investing. The Program Disclosure Statement at, which contains more information, should be read carefully before investing. If an investor and/or an investor's beneficiary are not Colorado taxpayers, they should consider before investing whether their home states offer 529 plans that provide state tax and other benefits only available to state taxpayers investing in such plans.

          Investments in the Scholars Choice College Savings Program are not insured by the FDIC or any other government agency and are not deposits or other obligations of any depository institution. Investments are not guaranteed by the State of Colorado, CollegeInvest, QS Legg Mason Global Asset Allocation, LLC, Legg Mason Investor Services, LLC, or Legg Mason, Inc. or its affiliates and are subject to investment risks, including loss of principal amount invested.

          Scholars Choice® is a registered service mark of CollegeInvest. CollegeInvest and the CollegeInvest logo are registered trademarks. Administered and issued by CollegeInvest, State of Colorado. QS Legg Mason Global Asset Allocation, LLC is the Investment Manager and Legg Mason Investor Services, LLC is the primary distributor of interests in the Program; together they serve as Manager of the Program. QS Legg Mason Global Asset Allocation, LLC, ClearBridge Investments, LLC, Brandywine Global Investment Management, LLC, QS Batterymarch Financial Management, Inc., Royce & Associates, LLC, Western Asset Management Company and Western Asset Management Company Limited, and Legg Mason Investor Services, LLC are Legg Mason, Inc. affiliates. Thornburg Investment Management, Inc. is not affiliated with Legg Mason Inc. and its affiliates.

          QS Investors is a combined investment platform comprised of QS Investors, LLC (QS), QS Batterymarch Financial Management, Inc. and QS Legg Mason Global Asset Allocation, LLC (QS LMGAA).


          This site is intended for U.S. individual investors only. The products and services described on this site are generally not available to non-U.S. investors.

          The Importance of Working with a Trusted Financial Professional
          A financial professional, also known as a broker, can help you achieve your goals by providing valuable insight and guidance on economic issues, the markets, specific investment and strategies. FINRA, The Financial Industry Regulatory Authority, oversees the registered professionals and firms that sell stocks, bonds, mutual funds and other securities. We encourage you to seek out additional information on your current or prospective registered representative or Broker Dealer by going to BrokerCheck,

          Legg Mason Investor Services, LLC and all entities mentioned above are subsidiaries of Legg Mason, Inc.
          Copyright © Legg Mason Investor Services, LLC. Member FINRA, SIPC
          Privacy Policy | Terms and Conditions | Business Continuity Plan | Notice of Identity Verification