Individual Investors


Social Media Guidelines


Legg Mason is not affiliated with Twitter.com or other Twitter sites.

To keep social media communities useful for everyone, please keep the following guidelines in mind:

  • Stay relevant: Contribute to the discussion with information that would be of interest to your peers. Do not post advertisements.
  • Be respectful: Maintain a friendly environment. Do not post inappropriate or offensive material.
  • Avoid investment specifics: Do not post personal information; account information; testimonials; investment advice; or recommendations about specific securities, products, or services. Such opinions and experiences may not apply to others and their individual situations.
  • Respect your own privacy: Do not send or post personal information or account information via social media.

Comments and opinions posted by users are the responsibility of the person who posted them. Legg Mason does not adopt, endorse, or guarantee the accuracy of content posted by others, and such content does not represent the views of Legg Mason.

Followers who have a business relationship with Legg Mason or other beneficial interest in commenting are responsible for adhering to any restrictions for interacting online and any obligations to disclose that relationship or interest in their posts.

Legg Mason is not responsible for the terms of use or privacy or security policies on other websites. For Legg Mason's privacy policy see the link at the bottom of this page.

This material is for information only and does not constitute an invitation to the public to invest in any funds, securities, strategies or other products. You should be aware that the investment opportunities described should normally be regarded as longer term investments and they may not be suitable for everyone. All investments involve risk, including possible loss of principal. The value of investments and the income from them can go down as well as up and investors may not get back the amounts originally invested, and can be affected by changes in interest rates, in exchange rates, general market conditions, political, social and economic developments and other variable factors. Past performance is no guide to future returns and may not be repeated. Investment involves risks including but not limited to, possible delays in payments and loss of income or capital. Neither Legg Mason nor any of its affiliates guarantees any rate of return or the return of capital invested. Unless otherwise noted the "$" (dollar sign) represents U.S. Dollars.

Please note that an investor cannot invest directly in an index. Forward-looking statements are subject to uncertainties that could cause actual developments and results to differ materially from the expectations expressed. This information has been prepared from sources believed reliable but the accuracy and completeness of the information cannot be guaranteed and is not a complete summary or statement of all available data. Individual securities mentioned are intended as examples of portfolio holdings and are not intended as buy or sell recommendations. Information and opinions expressed by either Legg Mason or its affiliates are current as at the date indicated, are subject to change without notice, and do not take into account the particular investment objectives, financial situation or needs of individual investors.

The opinions and views expressed herein are not intended to be relied upon as a prediction or forecast of actual future events or performance, or a guarantee of future results, or investment advice. The information in this material is confidential and proprietary and may not be used other than by the intended user. Neither Legg Mason or its affiliates or any of their officer or employee of Legg Mason accepts any liability whatsoever for any loss arising from any use of this material or its contents. This material may not be reproduced, distributed or published without prior written permission from Legg Mason. Distribution of this material may be restricted in certain jurisdictions. Any persons coming into possession of this material should seek advice for details of, and observe such restrictions (if any).

This material may have been prepared by an advisor or entity affiliated with an entity mentioned below through common control and ownership by Legg Mason, Inc.

MODIFICATION OF TERMS AND CONDITIONS OF USE

Legg Mason reserves the right, in its sole discretion, to change, modify, add, or remove portions of these Terms at any time. We suggest that you check these Terms periodically for changes. They can be accessed from via a link on our social media pages. Any changes, modifications, or additions to, or deletions from these Terms shall be effective upon posting on this website. If you use these social media pages after we post changes to the Terms, you accept the Terms as changed. Legg Mason expressly reserves the right to monitor any use of this website.

We reserve the right to remove and moderate comments posted to our social media pages. We also reserve the right to restrict users who have social media pages which contain offensive content or serve as promotional sites, or for any other reason.

THIRD PARTY CONTENT

Legg Mason is not affiliated with any social media providers, including Twitter, YouTube, Facebook, LinkedIn or any of their related websites. Legg Mason is not responsible for the terms of use or privacy or security policies on these or any other third-party websites.

Legg Mason is in no way responsible for the content of any website, owned or operated by a third party, that may be linked to this website via hyperlink, whether such hyperlink is provided by Legg Mason or by a third party. In addition, Legg Mason is in no way responsible for the content of any third party website to which our social media pages may link. The information to which the user links is neither prepared nor maintained by Legg Mason, and Legg Mason has not and will not review or update the information contained in any linked website. Legg Mason is not responsible for, and makes no warranty with respect to the contents, accuracy, completeness, timeliness, suitability, or reliability of the linked website. In addition, Legg Mason has no responsibility or endorsement for the operations, services, messages, and advertisements that may appear on other websites. Use of these websites shall be at your own risk.

NO OFFER OR ADVICE

Legg Mason's social media pages are for informational purposes only and do not constitute an offer to sell or a solicitation of an offer to buy any security that may be referenced on or through these websites. Nor do these websites constitute an offering or recommendation by Legg Mason of any security, investment management service, or advisory service. Legg Mason does not provide investment advice, tax advice, or legal advice through these websites, and you agree that these websites will not be used by you for such purposes. Legg Mason does not represent that the securities, products, or services discussed on, or accessible through these websites are suitable for any particular investor. You acknowledge that your requests for information are unsolicited, and the provision of any information through the websites shall not constitute or be considered investment advice, or an offer to sell, or a solicitation of an offer to buy any security.

JURISDICTION

The information provided on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject Legg Mason or any of its services and products to any registration requirement within such jurisdiction or country. Legg Mason does not claim that the products or services referenced in this website are available in any particular jurisdiction or appropriate for any particular investor. In addition, this information is not an offer to sell or a solicitation of an offer to buy, sell or hold any security to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

All investors in the UK, professional clients and eligible counterparties in EU and EEA countries ex UK and Qualified Investors in Switzerland

Issued and approved by Legg Mason Investments (Europe) Limited, registered office 201 Bishopsgate, London EC2M 3AB. Registered in England and Wales, Company No. 1732037. Authorized and regulated by the Financial Conduct Authority. Client Services +44 (0)207 070 7444.

All Investors in Hong Kong and Singapore:

This material is provided by Legg Mason Asset Management Hong Kong Limited in Hong Kong and Legg Mason Asset Management Singapore Pte. Limited (Registration Number (UEN): 200007942R) in Singapore

This material has not been reviewed by any regulatory authority in Hong Kong or Singapore.

Qualified domestic institutional investors in the People's Republic of China (PRC), Distributors and existing investors in Korea and Distributors in Taiwan:

This material is provided by Legg Mason Asset Management Hong Kong Limited to eligible recipients in the PRC and Korea and by Legg Mason Investments (Taiwan) Limited (Registration Number: (98) Jin Guan Tou Gu Xin Zi Di 001; Address: Suite E, 55F, Taipei 101 Tower, 7, Xin Yi Road, Section 5, Taipei 110, Taiwan, R.O.C.; Tel: (886) 2-8722 1666) in Taiwan. Legg Mason Investments (Taiwan) Limited operates and manages its business independently.

This material has not been reviewed by any regulatory authority in the PRC, Korea or Taiwan.

All Investors in the Americas:

This material is provided by Legg Mason Investor Services LLC, a U.S. registered Broker-Dealer, which may include Legg Mason International - Americas Offshore. Legg Mason Investor Services, LLC, Member FINRA/SIPC, and all entities mentioned are subsidiaries of Legg Mason, Inc.

All Investors in Australia:

This material is issued by Legg Mason Asset Management Australia Limited (ABN 76 004 835 839, AFSL 204827) ("Legg Mason"). The contents are proprietary and confidential and intended solely for the use of Legg Mason and the clients or prospective clients to whom it has been delivered. It is not to be reproduced or distributed to any other person except to the client's professional advisers.

Investors should consider the investment's objectives, risks, charges and expenses carefully before investing. The offering documents for mutual funds (prospectus or summary prospectus, if available) and 529 plans contain this and other information. They can be obtained at www.leggmason.com/individualinvestors and at www.roycefunds.com for Royce Funds. An investor should read the documents carefully before investing.

All investments involve risk, including loss of principal.

Legg Mason Investor Services, LLC and all entities mentioned are subsidiaries of Legg Mason, Inc.

© 2011 Legg Mason Investor Services, LLC. Member FINRA, SIPC

PSII Common Utilities  

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 scholars-choice.com, 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).

INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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, http://brokercheck.finra.org

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
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