ClearBridge Midcap Core Wins U.S. Investment Management Award From Institutional Investor Magazine

NEW YORK, May 15, 2014 /PRNewswire/ -- The ClearBridge Mid Cap Core strategy was named a winner in the Midcap Core Equity category by Institutional Investor magazine at its 5^th Annual U.S. Investment Management Awards.  The Investment Management Awards recognize U.S. institutional investors whose innovative strategies and fiduciary savvy resulted in impressive returns in 2013, as well as U.S. money managers in 37 asset classes who stood out in the eyes of the investor community for their exceptional performance, risk management and service.

"We are pleased to have been recognized by Institutional Investor. We view this as a validation of our process which focuses on high-quality mid-cap companies defined by consistent free cash flow, strong balance sheets, undervalued growth potential and management teams that exercise capital discipline," stated Brian Angerame, Co-Portfolio Manager of the ClearBridge Mid Cap Core strategy. "We feel that our disciplined process and ability to identify mispriced stocks is reflected in our portfolio being chosen as the winner of our category," commented Derek Deutsch, CFA, Co-Portfolio Manager.

ClearBridge's Mid Cap Core strategy invests in a diversified equity portfolio focused on mid-sized U.S. companies and seeks long-term capital appreciation through a disciplined, consistent and transparent investment process with a strong focus on risk management in portfolio construction.

About ClearBridge Investments        
ClearBridge Investments is a well-established global investment manager with approximately $94.8 billion in assets under management.  With a legacy dating back over 50 years, our long-tenured portfolio managers and fundamental research team focus on building equity portfolios for clients who seek income solutions, high active share or low volatility.  Owned by Legg Mason, ClearBridge operates with investment independence from headquarters in New York and offices in Baltimore, San Francisco and Wilmington.
www.clearbridge.com

About Legg Mason      
Legg Mason is a global asset management firm with $673 billion in assets under management as of April 30, 2014. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).

What should I know before investing?     
Equity securities are subject to price fluctuation and possible loss of principal. Fixed-income securities involve interest rate, credit, inflation and reinvestment risks; and possible loss of principal. As interest rates rise, the value of fixed income securities falls.

International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. High-yield bonds possess greater price volatility, illiquidity and possibility of default.

Active share is a measure of the percentage of stock holdings in a manager's portfolio that differs from the benchmark index.

For more information on the fund please click on the following link.

LeggmasonFunds.com

INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

BEFORE INVESTING, CAREFULLY CONSIDER A FUND'S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES. YOU CAN FIND THIS AND OTHER INFORMATION IN EACH PROSPECTUS, OR SUMMARY PROSPECTUS, IF AVAILABLE, WHICH IS AVAILABLE AT WWW.LEGGMASON.COM/INDIVIDUALINVESTORS. PLEASE READ IT CAREFULLY.

^©2014 Legg Mason Investor Services, LLC. Member FINRA, SIPC. Legg Mason Investor Services, LLC and ClearBridge Investments, LLC are subsidiaries of Legg Mason, Inc.

SOURCE Legg Mason