- ISIN
- US52471E2900
- Issuer
- Legg Mason
- Inception Date
- Jan 9, 2018
- Category
- Emerging Markets Diversified
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
LCSMX Performance Chart
Martin Currie SMA-Shares Series EM Fund (LCSMX) is up 52.6% since the beginning of the year. LCSMX is currently trading at $20 per share. Investors who bought $1,000 worth of LCSMX shares 5 years ago would now be looking at an investment worth $1,625.
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Returns By Period
Martin Currie SMA-Shares Series EM Fund (LCSMX) has returned 52.56% so far this year and 96.69% over the past 12 months.
Martin Currie SMA-Shares Series EM Fund
- 1D
- 2.20%
- 1M
- -3.15%
- 6M
- 43.36%
- YTD
- 52.56%
- 1Y
- 96.69%
- 3Y*
- 27.63%
- 5Y*
- 10.20%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.42%
- 1M
- 1.94%
- 6M
- 8.74%
- YTD
- 10.66%
- 1Y
- 21.02%
- 3Y*
- 19.50%
- 5Y*
- 11.63%
- 10Y*
- 13.41%
LCSMX Monthly Returns History
Based on dividend-adjusted daily data since Jan 11, 2018, LCSMX's average daily return is +0.05%, while the average monthly return is +1.14%. At this rate, an investment would double in approximately 5.1 years.
Historically, 48% of months were positive and 52% were negative. The best month was Apr 2026 with a return of +21.9%, while the worst month was Mar 2020 at -20.9%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, LCSMX closed higher 45% of trading days. The best single day was Mar 24, 2020 with a return of +8.1%, while the worst single day was Mar 16, 2020 at -13.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 13.29% | 12.88% | -13.02% | 21.91% | 18.31% | 1.62% | -6.42% | 52.56% | |||||
| 2025 | 2.98% | -1.89% | 1.70% | 2.34% | 3.16% | 7.81% | -0.49% | 2.26% | 11.07% | 10.57% | -2.82% | 6.68% | 51.52% |
| 2024 | -6.45% | 3.13% | 4.15% | -4.28% | -0.51% | 5.41% | -0.48% | -0.97% | -0.00% | -7.28% | -2.86% | -3.51% | -13.60% |
| 2023 | 9.65% | -7.06% | 3.52% | 0.43% | 2.33% | 3.73% | 3.29% | -7.25% | -3.85% | -3.58% | 10.00% | 5.81% | 16.26% |
| 2022 | -2.26% | -6.69% | -2.04% | -7.69% | -0.78% | -11.45% | 5.57% | -2.75% | -12.16% | 6.06% | 11.42% | -5.78% | -27.25% |
| 2021 | 0.74% | 0.73% | -0.65% | 3.91% | 2.74% | 3.20% | -2.22% | -1.21% | -3.29% | 2.85% | -2.69% | 0.84% | 4.73% |
Benchmark Metrics
Martin Currie SMA-Shares Series EM Fund has an annualized alpha of 3.66%, beta of 0.72, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since January 11, 2018.
- This fund participated in 86.50% of S&P 500 Index downside but only 85.27% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.44 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.66%
- Beta
- 0.72
- R²
- 0.44
- Upside Capture
- 85.27%
- Downside Capture
- 86.50%
Expense Ratio
LCSMX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
LCSMX ranks 93 for risk / return — in the top 93% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Martin Currie SMA-Shares Series EM Fund (LCSMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LCSMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.30 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 6.29 | 2.28 | +4.01 |
| Martin ratioReturn relative to average drawdown | 20.45 | 9.88 | +10.56 |
Dividends
Dividend History
Martin Currie SMA-Shares Series EM Fund provided a 0.65% dividend yield over the last twelve months, with an annual payout of $0.13 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.13 | $0.13 | $0.11 | $0.12 | $0.10 | $0.38 | $0.06 | $0.08 | $0.12 |
Dividend yield | 0.65% | 1.00% | 1.29% | 1.22% | 1.11% | 3.03% | 0.48% | 0.88% | 1.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Martin Currie SMA-Shares Series EM Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Martin Currie SMA-Shares Series EM Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Martin Currie SMA-Shares Series EM Fund was 39.72%, occurring on Sep 29, 2022. Recovery took 773 trading sessions.
The current Martin Currie SMA-Shares Series EM Fund drawdown is 11.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -39.72%Sep 2022 | 1y 1mo | 3y 1mo | 4y 2moAug 2021 - Oct 2025 |
COVID crash2020 | -35.98%Mar 2020 | 2mo 9d | 4mo 16d | 6mo 25dJan 2020 - Aug 2020 |
2026 correction2026 | -15.39%Mar 2026 | 1mo 1d | 17d | 1mo 18dFeb 2026 - Apr 2026 |
2019 correction2019 | -14.02%May 2019 | 3mo 1d | 5mo 10d | 8mo 11dFeb 2019 - Nov 2019 |
2026 correction2026 | -13.58%Jul 2026 | 9d | — | 20d 13hJun 2026 - now |
Drawdown Indicators
| LCSMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.72% | -56.78% | +17.06% |
Max Drawdown (1Y)Largest decline over 1 year | -15.39% | -9.10% | -6.29% |
Max Drawdown (3Y)Largest decline over 3 years | -23.31% | -18.90% | -4.41% |
Max Drawdown (5Y)Largest decline over 5 years | -39.72% | -25.43% | -14.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -11.36% | -0.45% | -10.91% |
Average DrawdownAverage peak-to-trough decline | -13.65% | -10.71% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.73% | 2.09% | +2.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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