Legg Mason AM – Clearbridge Tactical Dividend Income Fund

Legg Mason AM – Clearbridge Tactical Dividend Income Fund Review

Fund objective

Legg Mason Asset Management – Clearbridge Tactical Dividend Income Fund aim is to provide a high level of income with a secondary aim of generating long-term capital appreciation and income growth. The Fund seeks to achieve its objective by investing in a diversified portfolio of equity and equity-related securities including energy-oriented income producing companies and real estate investment trusts. The Fund may invest in issuers of any market capitalisation.

Investment Strategy

Legg Mason Asset Management – Clearbridge Tactical Dividend Income Fund will invest at least 80% of its net asset value in equity and equity-related securities that are expected to provide investment income, dividend payments or other distributions, which are listed or traded on Regulated Markets and from issuers located anywhere in the world. The Fund invests in a diversified portfolio of equity and equity-related securities, including master-limited partnerships (“MLPs”), which are entities that typically generate income through exploring, developing or transporting natural resources, and real estate investment trusts (“REITs”). In selecting securities, the Sub-Investment Manager uses a combined fundamental and macroeconomic approach to identify assets that have attractive dividends and future earnings prospects.

Legg Mason Asset Management – Clearbridge Tactical Dividend Income Fund will invest at least 50% of its net asset value in securities of US Issuers and may therefore invest up to 50% of its net asset value in securities of non-US Issuers, including issuers from Emerging Market Countries. The Fund may have significant investments (up to 100% of its net asset value) in mid- and small-cap companies with market capitalisations of less than US$5 billion. The Fund may invest up to 20% of its net asset value in debt securities. The Fund may invest in certain types of derivative instruments for efficient portfolio management purposes and/or investment purposes.

Who is Legg Mason AM – Clearbridge Tactical Dividend Income Fund suitable for?

Legg Mason Asset Management – Clearbridge Tactical Dividend Income Fund is only suitable for investors who:

• are looking to invest in a fund that is seeking a high level of current income, as well as capital appreciation
• are willing to accept fluctuations (sometimes significant) in the net asset value per share of the Fund
• are long-term investors

Dividend or Income payout frequency: Monthly or Accumulating

For additional assessments on product suitability, please obtain professional advice from a qualified Financial Adviser.

What are the key risks of Legg Mason AM – Clearbridge Tactical Dividend Income Fund?

The value of Legg Mason Asset Management – Clearbridge Tactical Dividend Income Fund and its dividends and coupons (if any) may rise or fall. You may lose some or all of your investment depending on the performance of the underlying securities. Factors that may affect the performance of these securities include, without limitation, market risks, fluctuations in interest rates and foreign exchange rates, political instability, exchange controls, changes in taxation and foreign investment policies.

Some of the key risks associated with Legg Mason Asset Management – Clearbridge Tactical Dividend Income Fund are described below:

Market and Credit Risks

• You are exposed to equity markets risks (including in the United States) as this is an equity fund
• You are exposed to emerging markets risks
• You are exposed to currency risks

Liquidity Risks

• Fund liquidity may be affected during exceptional circumstances
• The Fund is not listed

Product-Specific Risks

• You are exposed to the risk of micro, small and mid-sized company stocks
• You may be exposed to risks of investments in MLPs
• You may be exposed to risks of investments in REITs
• You are exposed to risks of capital erosion if you invest in a Distributing Plus share class
• You are exposed to custody and settlement risks
• You are exposed to derivatives risks

Investment Fees and Charges

For a limited time (Until 31 Dec 2023), speak to a MAS licensed licensed financial adviser which has committed to offering our readers a flat 1% Subscription fee (Initial Sale Charge) for all Unit Trust Funds investment.

Learn more about the limited time offer on 1% Initial Sales Charge. Terms and conditions may apply.

Where can I get more details about Legg Mason AM – Clearbridge Tactical Dividend Income Fund

• Legg Mason Asset Management – Clearbridge Tactical Dividend Income Fund Fact Sheet (Open in New Window)
• Legg Mason Asset Management – Clearbridge Tactical Dividend Income Fund Product Highlight Sheet (Open in New Window)
• Speak to a licensed licensed financial adviser

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