Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Legg Mason Royce US Small Cap Opp A Dis A GBP

Ranked 20 out of 27 in - North American Small & Medium Companies over 12 months
All calculations are in GBP

Managed by

William A. Hench

Born in New York in 1964, William Hench attended Adelphi University in his home city. He trained as a certified public accountant with Coopers and Lybrand before joining JP Morgan as a principle on the equities desk. He is currently portfolio manager at Royce & Associates, where he implements a value investment style, focussing on small- and micro-cap companies with low price-to-book and price-to-sales ratios. He seeks to identify companies trading at discounts to his estimate of their worth that fall within one of four distinctive themes: unrecognised asset values; turnarounds; undervalued growth; and interrupted earnings.

Objective

The Fund seeks to achieve long-term capital appreciation by investing at least 70% of its Total Asset Value in a diversified portfolio of equity securities issued by small- and micro-cap U.S. companies (market capitalisations of less than USD 2.5 billion). The Sub-Investment Manager attempts to take advantage of what it believes are opportunistic situations for undervalued securities.

Performance

North American Small & Medium Companies over : 30/09/2013 - 30/09/2014

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 -5.8% 2.4% -2.9% -5.3%
2013 38.8% 21.2% 3.5% 2.6% 7.9%
2012 16.0% 14.2% -3.6% 0.2% 5.2%
2011 -13.0% -0.9% -25.7% 18.2%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Belgium
  3. Finland
  4. France
  5. Germany
  6. Hong Kong
  7. Ireland
  8. Italy
  9. Luxembourg
  10. Macau
  11. Netherlands
  12. Norway
  13. Singapore
  14. Spain
  15. Sweden
  16. Switzerland
  17. Taiwan
  18. United Kingdom

Fund Info

  • Launch date26/04/2011
  • Share Class size02Mn
  • Base currencyGBP
  • ISIN IE00B23Z8P68

Purchase Info

  • Min. initial investment1,000
  • Min. additional investment0

Charges

Related News

Zaino steps aside on Legg Mason Royce small cap fund

Despite rising to the top of the rankings for the past quarter, fund manager Buzz Zaino has been replaced on the Legg Mason Royce US Small Cap Opp fund.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).