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Legg Mason Australian Value Equity Trust

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About the Trust

Investment Aim

The Trust aims to earn a before fees and tax return (over rolling three-year periods) of greater than 3.5% p.a. in excess of the Benchmark.

Performance Benchmark

S&P/ASX 200 Accumulation Index (a market index commonly used for an Australian equity portfolio).

Technical Fund Details

About the Investment Strategy

The investment process is designed to build a portfolio of undervalued securities. The expectation is that these securities will outperform over time as the market appreciates the intrinsic value identified by Legg Mason Australian Equities. We undertake extensive in-house security and industry research in order to identify the present value of future cash flows accruing to shareholders for each security. Based on our extensive analysis and understanding of key drivers and risks, we build a portfolio of attractive securities within defined security and sector limits. Our approach is premised on the philosophy that valuation drives stock prices over the medium term. Portfolio turnover is expected to be low. From an investment style perspective, the resulting portfolio is described as "value" as it is weighted towards undervalued securities.

About the Investment Team

The assets of the Legg Mason Australian Value Equity 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 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.