Legg Mason IF Martin Currie Global Equity Income Fund

Reasons to invest

Fund overview

Fund information

An actively managed, global equity fund which seeks to provide a rising income, with the potential for capital growth, by investing in high quality companies characterised by attractive valuations and sustainable growth perspectives.

Focus on growing companiesMartin Currie has developed a disciplined and in-house process to identify high quality, undervalued companies able to provide sustainable dividends over the long-term.

Diversifi cation The portfolio, generally composed of 40 – 60 stocks, is unconstrained by sector, industry and country. This broad universe offers less risk of concentration in comparison with other income funds.

Highly experienced management team The fund is co-managed by Mark Whitehead and Alan Porter, both senior investment professionals with signifi cant experience in equity income investing. They are backed by a dedicated income strategies team and the extensive Martin Currie research capacity.

Launch date:26 June 2015

Performance inception date:1 November 2010

Investment Association sector:Global Equity Income

Base currency:GBP (£)

Fund Size:£152.32m as at 31 March 2018

Ongoing charges:Class X Inc. (Q) GBP: 0.97%

Annual management fee:Class X Inc. (Q) GBP: 0.75%

Risk & reward profi le

Lower riskPotentially lower reward

Higher riskPotentially higher reward

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Brandywine Global • Clarion Partners • ClearBridge Investments • EnTrustPermal • Martin Currie • QS Investors • RARE Infrastructure • Royce & Associates • Western Asset

Investment parameters

Investment system

Client consideration

Suitable for investors looking for attractive income and potential capital growth in a diversifi ed global equity fund. The Fund high-conviction, diversifi ed global approach seeks companies with a growing or sustainable dividend that could outperform the broader market, while providing less volatility.

The managers

Mark WhiteheadHead of Income,Portfolio Manager

Alan PorterPortfolio Manager

Geographic Focus Global

Investment Style Income

Market Cap Profi le Large Cap

Sustainable dividend growthHigh dividend yieldHigh active shareLow volatility

Proprietary financial modellingConsistent income metricsAttractive intrinsic valuationAppropriate relative valuation

Sustainable salesCash flow conversion

Capital allocation

Attractive ROICDividend stress testing

Credit analysisGovernance & Sustainability analysis

Portfolio

Valuation

Growth

Quality

QUALITY INCOME

It should be noted that the value of investments and the income from them may go down as well as up.

THIS INFORMATION IS ONLY FOR USE BY PROFESSIONAL CLIENTS, ELIGIBLE COUNTERPARTIES OR QUALIFIED INVESTORS. IT IS NOT AIMED AT, OR FOR USE BY, RETAIL CLIENTS.

UK

www.leggmason.co.uk

For all other countries

www.leggmasonglobal.com

Affi liate overview

Active equity specialists

Available on major platforms. Please contact your client services representative:

An active equity specialist that builds stock-driven portfolios based on fundamental research, devoting all of its resources to delivering optimum investment outcomes and superior client relationships.

Alex BarryHead of UK Sales abarry@leggmason.com+44 (0)20 7070 7370

David ChambersBusiness Development Director (Scotland, Ireland, Northern Ireland and Channel Islands)dchambers@leggmason.com+44 (0)7753 984 238

Colette CorvesteBusiness Development Director (London)ccorveste@leggmason.com+44 (0)207 070 7476+44 (0)7931 792 184

Bradley Worsfold Business Development Manager (South East)bworsfold@leggmason.com+44 (0)20 7070 7534

Joe O’DonnellHead of Wealth Management Distributionjodonnell@leggmason.com+44 (0)7918 746 886

Harry ReevesBusiness Development Director (London)hreeves@leggmason.com+44 (0) 7584 595 510

Thomas Hoyer MillarBusiness Development Manager(London and South West)thoyermillar@leggmason.com+44 (0)20 7070 7384

FUND RISKSInvestment in company shares: The fund invests in shares of companies, and the value of these shares can be negatively affected by changes in the company, its industry or the economy in which it operates. Emerging markets investment: The fund may invest in the markets of countries which are smaller, less developed and regulated, and more volatile than the markets of more developed countries. Investment in smaller company shares: The fund buys shares in smaller companies. It may be diffi cult to sell these shares, in which case the fund may not be able to minimise a loss on such shares. Concentrated fund: The fund invests in fewer companies than other funds which invest in shares usually do. This means that the fund does not spread its risk as widely as other funds and will therefore be affected more if an individual company has signifi cant losses. Fund currency: Changes in exchange rates between the currencies of investments held by the fund and the fund’s base currency may negatively affect the value of an investment and any income received from it. Fund operations: The fund is subject to the risk of loss resulting from inadequate or failed internal processes, people or systems or those of third parties such as those responsible for the custody of its assets. Charges from capital: The fund’s fees and expenses may be taken from its capital (rather than income). This will result in an increase in income available for distribution to investors. However, this will forego some of the capital that the share class has available for future investment and potential growth.IMPORTANT INFORMATION This is a sub-fund (“fund”) of Legg Mason Funds ICVC (“the Company”), an umbrella investment company with variable capital, authorised in the UK by the Financial Conduct Authority as an undertaking for collective investment in transferable securities (“UCITS”). This material is not intended as a complete summary or analysis. The information and data in this material has been prepared from sources believed reliable but is not guaranteed in any way by any Legg Mason, Inc. company or affi liate (together “Legg Mason”). No representation is made that the information is correct as of any time subsequent to its date. There is no guarantee or assurance that funds will achieve their investment objectives. Individual securities mentioned are intended as examples only and are not to be taken as advice nor are they intended as a recommendation to buy or sell any security or related investment. Opinions expressed are subject to change without notice and do not take into account the particular investment objectives, fi nancial situations or needs of investors. Before investing investors should read in their entirety the Company’s application form and a fund’s share class KIID and the Prospectus (which describe the investment objective and risk factors in full). These and other relevant documents may be obtained free of charge in English from Legg Mason Investment Funds Limited, 201 Bishopsgate, London EC2M 3AB or from www.leggmason.co.uk. This material is not intended for any person or use that would be contrary to local law or regulation. Legg Mason is not responsible and takes no liability for the onward transmission of this material. This material does not constitute an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not lawful or in which the person making such offer or solicitation is not qualifi ed to do so or to anyone to whom it is unlawful to make such offer or solicitation. This information is only for use by professional clients, eligible counterparties or qualifi ed investors. It is not aimed at, or for use by, retail clients. I17029_MC_GEI_sales_aid_v4