Legg Mason

Global Growth and Income

Managed by Legg Mason

Strategy:
ETFs / Funds
Management fee:
0.10%
Sharpe ratio:
2.49
Minimum investment:
$100
Portfolio risk score:
The Legg Mason Global Growth and Income Portfolio is a diversified equity portfolio which uses a combination of Legg Mason Exchange Traded Funds in order to meet its objectives of balancing growth, income, and portfolio risk. The portfolio seeks to provide a balanced exposure across growth, value, infrastructure, international and emerging market equities and fixed income securities. The result is a diversified portfolio that seeks income that is higher than its benchmark, while pursuing growth at a reasonable risk level.

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  • Performance

    Last 30 days 1.5%
    Last 90 days 1.4%
    Last 365 days 18.9%
    Since inception (annualized) 12.6%
    2021 (YTD) 10.9%
    2020 7.8%

    Risk metrics (last 365 days)

    Volatility 7.5%
    Sharpe ratio 2.49
    Sortino ratio 3.18
    Maximum drawdown -3.5%
    Value-at-risk (95%, 1 week) -1.7%
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Legg Mason

About Legg Mason

Guided by a mission of Investing to Improve Lives™, Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. In 2020, Legg Mason, Inc., the parent company of Legg Mason Private Portfolio Group, LLC and its affiliated sub-adviser, QS Investors, LLC, was purchased by Franklin Resources, Inc.

Legg Mason’s assets under management are $747 billion as of Jan. 31, 2019.

To learn more, visit our website, our newsroom, or follow us on LinkedIn, Twitter, or Facebook.

Disclosures

Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings.

This portfolio was launched on Interactive Advisors on January 14, 2019 and was opened to client investments on January 11, 2019. Interactive Advisors constructs and manages this portfolio on a discretionary basis using a model ETF portfolio provided under a licensing agreement by Legg Mason Private Portfolio Group, LLC and its affiliated sub-adviser, QS Investors, LLC (collectively, “Legg Mason”). All performance information on this page is actual performance of the Interactive Advisors proprietary account and presented “net of fees”. The actual performance chart is provided for informational purposes only, and should not be used as the basis for making an investment decision. Actual client returns will differ.

This portfolio is not in any way recommended to Interactive Advisors clients by Legg Mason. Neither Legg Mason nor any of its advisory affiliates provide any investment advice or recommendation in relation to this portfolio and are not acting as an investment adviser or fiduciary to Interactive Advisors clients. Legg Mason has built the model portfolios without regard to the individual financial circumstances and objectives of any investor or Interactive Advisors client.

This portfolio is made up of whole and/or fractional holdings of Exchange Traded Funds (ETFs). The portfolio itself is not an ETF or Mutual Fund. Clients choosing to invest in this portfolio directly own the ETF shares making up the portfolio. In addition to Interactive Advisors’ management fees, clients will also be charged management fees and other expenses (custodian fees, brokerage commissions, and legal and accounting fees) by the ETF issuers.

Additional information on the risks, conflicts of interest, applicable brokerage commissions, fractional shares, and limitations on investments and divestments associated with this portfolio can be found here and on the Forms and Agreements page.

Important information
  1. The actual performance of the manager account displayed on this page is based on the performance of an Interactive Advisors proprietary account invested using this strategy and is calculated by Interactive Advisors on a daily time-weighted basis, including cash, dividends and earnings distributions. The actual performance for this portfolio is presented “net of fees” and reflects the deduction of the Interactive Advisors advisory fee, Interactive Brokers LLC brokerage and other commissions (when commissions were charged) and expenses that a client has to pay if he invests in this portfolio after the launch date, but not any fees clients must separately pay the issuers of any ETFs.
  2. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors (e.g., Refinitiv Worldscope database) to provide these returns. Neither Interactive Advisors nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  3. None of the performance information displayed on this page is based on the actual performance of any Interactive Advisors client account investing in this portfolio. The performance in an Interactive Advisors client account invested in this portfolio may differ (i.e., be lower or higher) from the performance of the account managing this portfolio and portrayed on this page based on a variety of factors, such as trading restrictions imposed by the client (resulting in different account holdings), time of initial investment, amount of investment, frequency and size of cash flows in and out of the client account, applicable brokerage commissions (when commissions were charged), and different corporate actions. Clients investing in this portfolio may view the actual performance of their investment in this portfolio by logging into their Interactive Advisors account and reviewing their customized dashboard.
  4. Not all transactions underlying the performance information displayed on this page will appear in accounts due to Interactive Advisors’ trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  5. Clients may restrict any of the securities traded in their account, but should note that any restrictions they place on their investments could affect the performance of their account leading it to perform differently, worse or better, than (a) the above-portrayed account managing the portfolio or (b) other client accounts invested in the same portfolio.
  6. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Interactive Advisors, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  7. Interactive Advisors’ management of this portfolio and some of the information on this page relies on data from third-party sources, including third parties providing the model portfolio strategy or ESG score information, as applicable. While Interactive Advisors believes that the data it uses in its investment management processes is obtained from reliable sources, it did not audit or validate this data, which may contain errors.
  8. Benchmark returns displayed in the performance graph upon selection are provided for illustrative purposes only and have been calculated by Interactive Advisors using daily adjusted close prices and include dividend income. Benchmarks available for display are selected based on overall strategy, trade history and other criteria. If you choose to display benchmark returns in the performance graph, be mindful of the fact that the performance, composition and volatility of the portfolio could vary significantly from that of the benchmark(s) available for display. There can be no assurance that a benchmark will remain appropriate over time and Interactive Advisors will periodically review the benchmark’s appropriateness and decide to use other benchmarks if appropriate. More information here. Interactive Advisors uses only investable ETFs as benchmarks. Investable ETF returns reflect the deduction of (i.e., are net of) management fees, transaction costs and expenses.
  9. Transaction history is available upon request. Portfolio classifications are provided by Interactive Advisors, and are intended to serve as a general guide.
  10. In addition to Interactive Advisors' management fees, clients will also be charged management fees and other expenses (custodian fees, brokerage commissions, and legal and accounting fees) by ETF issuers if the portfolio contains ETFs.
  11. Quarterly, monthly or more frequent rebalances in this portfolio (as applicable) will result in numerous transactions in many or all the stocks or ETFs in the portfolio and the client accounts invested in this portfolio. Clients could be required to report some or all of these periodic rebalance trades on their tax forms. Clients should consult an accountant or tax attorney on tax matters as Interactive Advisors does not provide tax advice or prepare tax documents for its clients. Interactive Brokers LLC provides certain tools to assist you with your tax filings, but these tools may only be able to support a limited number of trades.
Our relationship with Legg Mason

Under the governing agreement, Legg Mason may cease providing or modify the model portfolios and liquidate any of the underlying ETFs at any time. Legg Mason may also terminate the governing agreement with a 90-day notice. Interactive Advisors will notify all affected clients invested in this portfolio of any such termination as soon as possible to allow them to identify suitable alternative investments on the platform or elsewhere. Those considering investing in this portfolio should bear these limitations in mind when deciding whether to invest in this portfolio, which may become unavailable in the future.

All ETFs in this portfolio are Legg Mason ETFs (managed by Legg Mason and its affiliates). There may be similar ETFs with higher ratings, lower fees and expenses, substantially better performance or more attractive yield/risk profiles in the market. Because Legg Mason and its affiliates earn fees for advisory, administrative and other services from these ETFs, Legg Mason has an incentive to include ETFs with higher costs and fees in this portfolio. Additional information on the Legg Mason ETFs included in this portfolio, including their investment objectives, risks, charges and expenses can be found in the prospectus for each ETF.

There is no guarantee or assurance that the methodology used to create the underlying model will result in the portfolio or client investments achieving high or even positive returns. Also, while Interactive Advisors aims to track the model portfolios as closely as possible, it makes no guarantee that it will succeed in doing so, or that it will achieve the same performance for clients as the account managing the portfolio has achieved. Those considering investments in this portfolio should note that there may be similar offerings in the marketplace (i.e., portfolios or investments seeking to track similar model portfolios), which may charge lower management fees.

How we trade
Interactive Advisors manages this portfolio by trading its own funds in a separate firm-owned brokerage account and replicating this trading in the accounts of investing clients as follows:
  • Interactive Advisors initially funds and trades a fixed amount of its own funds in a separate brokerage account associated with this portfolio based on data received from Legg Mason;
  • Interactive Advisors replicates the trading in this brokerage account in the accounts of clients investing in this portfolio in order to implement its replication-based investment process; and
  • Based on data received from Legg Mason, Interactive Advisors periodically rebalances this portfolio to maintain target allocations, resulting in rebalancing transactions in investing clients’ accounts.
How to invest
To invest in this portfolio, Interactive Advisors clients must:
  • Sign an Investment Management Agreement with and become clients of Interactive Advisors;
  • Consent to trading with another Interactive Brokers LLC client who is a liquidity provider in order to be able to buy and sell fractions of ETF shares and stocks, which do not trade on the open market. Interactive Advisors clients may revoke this consent at any time but, if they do, they will no longer be able to invest in this portfolio. (Clients can see these fractional trades with the liquidity provider listed and identified on the periodic activity statements they receive from Interactive Brokers LLC); and
  • Obtain the minimum risk score required for each portfolio and acknowledge certain risk disclosures.