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Legg Mason Tactical Allocation Trust

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About the Trust

Investment Aim

The Trust aims to earn a before fees and tax return in excess of the Benchmark over rolling three-year periods.

Performance Benchmark

50% the S&P / ASX 200 Accumulation Index & 50% the UBS Australian Treasury Index (a composite index considered to be appropriate for a portfolio allocating between Australian shares and Australian bonds).

Technical Fund Details

About the Investment Strategy

The tactical asset allocation investment process seeks to exploit opportunities where asset class prices are at a discount or premium to their assessed relative values. Relative values are determined by research into the fundamentals affecting the asset classes.

The tactical asset allocation investment process responds to market price changes in a non-emotional fashion and focuses on fundamental value through the consistent application of predefined decision rules. Legg Mason Australian Equities's proprietary tactical asset allocation model does not incorporate specific market timing mechanisms-decisions are based on the expectation that misvalued securities will gravitate towards equilibrium fair value over time. We do not attempt to predict when or how quickly the mean reversion will occur.

About the Investment Team

The assets of the Legg Mason Tactical Allocation 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.