Best Fund Managers 2006

Legg Mason Value Trust

Bill Miller

CATEGORY Large-cap Blend
S&P Fund Report (pdf) LMVTX
Fund Size $12.1 billion
1 year 8.43%
3-yr. 20.12%
5-yr. 4.42%
Front End Load None
Expense Ratio 1.68%
12b-1 Fee 0.95%
All data as of 2/28/06
*Appreciation plus reinvestment of dividends and capital gains before taxes; Multi-year returns are annualized averages

The fund manager with the near-incredible record of beating the market during each of the last 15 years has been boosting his holdings in technology stocks for the first time since 1995. Recent buys include Dell and Hewlett-Packard. The reason: He thinks they're cheap. He also likes Internet and homebuilding stocks.

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