The investment seeks capital appreciation. The fund invests primarily in equity securities and securities convertible into equity securities. While it may invest in companies of any size, the portfolio managers expect that under normal circumstances, the fund will invest the majority of its total assets in the securities of companies that are in the small-cap market capitalization range or in "special situations," at the time of purchase. It may invest up to 35% of its total assets in debt securities rated below investment grade (i.e., below BBB/Baa), commonly known as "junk bonds," and unrated securities judged by the manager to be below investment grade.
Fund filings (PDF) »
Brian Lund (Started: May 15, 2013)
Albert Grosman (Started: Oct 1, 2011)
# Contact ?>
Legg Mason/Western, 100 International Drive, Baltimore, MD 21202, USA