Legg Mason Opportunity Trust
Investment Objective:
Long-term growth of capital.
Investments:
The Fund has a flexible investment strategy and is not restrained by investment style, type of security, industry sector, location, size or market cap; it invests primarily in U.S. common stocks. The Fund is designed for the investor who is comfortable with the risks inherent to aggressively managed portfolios. Investors should be aware of the possibility for high portfolio turnover with few restrictions on the type of investments contained in the Fund.
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| Inception Date: |
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| Institutional: | June 26, 2000 |
| Financial Intermediary: | February 13, 2004 |
| Class R: | December 28, 2006 |
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| Performance Benchmark: |
S&P 500 Index
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| Total Fund Assets: |
$5.7 billion (as of 3/31/08)
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| Ticker Symbol: |
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| Institutional: | LMNOX |
| Financial Intermediary: | LMOFX |
| Class R: | LMORX |
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Investment Risks:
An investment in this fund may be more volatile and risky than some other forms of investment. This fund may have a high portfolio turnover that could increase transaction costs and cause short-term capital gains to be realized. The investment style is less restricted and the manager may take short positions which can be risky. An investment in a non-diversified fund entails greater price risk than an investment in a diversified fund because a higher percentage of investments among fewer issuers may result in greater fluctuation in the total market value of the fund's portfolio.
Non-U.S. investments are subject to currency fluctuations, social, economic and politial risks. Investments in small companies may involve higher risk due to limited product lines, markets or financial resources.
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