By choosing a path, you are agreeing to our Terms & Conditions for this service.

Legg Mason Australian Small Companies Trust

Print | Adjust Font Size

About the Trust

Investment Aim

To earn a before fees and tax return (over rolling three-year periods) of 5% in excess of the Benchmark.

Performance Benchmark

S&P / ASX Small Ordinaries Accumulation Index.

Technical Fund Details

About the Investment Strategy

Legg Mason Australian Equities believes that there are investment opportunities to be found in Australian small companies, and that experience, expertise and discipline are required to exploit these opportunities. We believe that companies are worth the present value of their prospective cash flows. However, in small companies the concept of long-term earnings can be difficult to ascertain, necessitating the use of a range of tools to evaluate underlying securities. We seek to understand why a stock trades at today's price. We identify key drivers and look for catalysts that may propel earnings. Valuation is one criteria used. Other measures may include the analysis of: a company's business model, its industry structure, management track record and growth ambitions. We also pay attention to stock liquidity and other trading data.

The Trust typically holds securities listed on the Australian Stock Exchange that are outside the largest 100 as measured by market capitalisation.

About the Investment Team

The assets of the Legg Mason Australian Small Companies Trust are managed by Legg Mason Australian Equities, a dedicated asset management business that relies on fundamental research to provide superior investment outcomes for Australian institutional investors and platform providers. Legg Mason Australian Equities is part of Legg Mason Australia.

Legg Mason Australian Equities possesses a strong mix of fundamental research skills, quantitative analysis experience and market expertise.

General Trust Literature

Product Brochure

Product Disclosure Statement

Application Form

Monthly Report

Quarterly Report

Risk Factors: Legg Mason Australia does not guarantee any profit or recovery of capital from an investment in the Trust. The NAV of the Trust will fluctuate in response to the changing values of the Trust's assets. It is important that you understand and accept the risks before you invest. A financial adviser can explain to you the risks and provide investment advice to suit your investment objectives. There is the risk that an investor's investment objective may not be met by their choice of investment.