The investment seeks long-term capital growth and current income is a secondary consideration. The fund invests primarily in common stocks and common stock equivalents of companies the portfolio managers believe are undervalued in the marketplace. It invests in securities of large, well-known companies but may also invest a significant portion of its assets in securities of small to medium capitalization companies when the portfolio managers believe smaller capitalization companies offer more attractive value opportunities. The fund may invest up to 25% of net assets in equity securities of foreign issuers, either directly or through depositary receipts.
Fund filings (PDF) »
Peter Hable (Started: Nov 15, 1990)
John Goode (Started: Nov 15, 1990)
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Legg Mason/Western, 100 International Drive, Baltimore, MD 21202, USA