3 Top-Rated Legg Mason Mutual Funds To Buy Now

Founded in 1899, Legg Mason is one of the world’s largest asset managers with assets under management of nearly $670 billion. Legg Mason and its affiliates currently manage 99 mutual funds across a wide range of categories, including both equity and fixed-income funds. It uses a multi-affiliate business model that allows each affiliate to operate with a high degree of autonomy utilizing its unique approach and processes. This Baltimore-based company serves both individual and institutional investors with around 3,000 employees placed at 31 offices throughout the globe.

Below we share with you three top-rated Legg Mason mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Legg Mason funds, their Zacks Rank and past performance.

ClearBridge Appreciation C SAPCX generally invests in equity-related securities of domestic firms. Though SAPCX invests in securities of companies irrespective of their market capitalization, it allocates most of its assets in large- and mid-cap companies. SAPCX may also invest not more than one-fifth of its assets in securities of companies located in the foreign lands. ClearBridge Appreciation C has a three-year annualized return of 8.6%.

As of June 2016, SAPCX held 80 issues, with 3.71% of its assets invested in Comcast Corp (NASDAQ:CMCSA) Class A.

Western Asset Core Bond C WABCX seeks to provide maximum total return. WABCX invests the majority of its assets in fixed-income securities including debt securities. The fund invests in securities irrespective of their maturity periods. However, WABCX is expected to maintain a dollar-weighted average effective duration within 20% of the domestic bond market. Western Asset Core Bond C has a three-year annualized return of 4.1%.

S. Kenneth Leech is one of the fund managers of WABCX since 2013.

ClearBridge Dividend Strategy A SOPAX invests a large portion of its assets in a notable portion of its assets in securities of companies that are expected to pay dividend. SOPAX may invest a maximum of half of its assets in equity securities of foreign issuers, either directly or through depositary receipts. The fund seeks capital growth over the long term through dividend income appreciation. ClearBridge Dividend Strategy A has a three-year annualized return of 8.6%.

As of June 2016, SOPAX held 64 issues with 3.43% of its assets invested in Berkshire Hathaway (NYSE:BRKa) Inc B.

To view the Zacks Rank and past performance of all Legg Mason mutual funds, investors can click here to see the complete list of funds.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.