Privacy Policy


Keeping your personal information secure and ensuring your understanding of how we use that information is important to us at Legg Mason. Our goal is to help you understand how the personal information you choose to share with us through this site is collected, used and maintained. You may review this Legg Mason Internet Privacy Statement ("privacy statement") at any time by clicking on the Privacy link appearing on the bottom of one or more pages of this web site.

You can visit this site to read about our firm and its products and services, without giving us any personal information about yourself. We may collect anonymous, aggregate information about how our site is accessed by you, such as IP address, domain name, time spent at the site or web pages visited.

Categories of Information Collected

Registration Information: Some of the features on the site require registration before you can use them. If you register to use the site, you choose to provide us with certain personal information such as your name, address, e-mail address and telephone number. You can update registration information online. You may change your password at any time.

Service Information: When you use a password or a similar identifier to access the site, we will recognize your identifier and may collect various categories of information about you such as information you give us, data related to your use of the site and its services, and information about your communications with us.

Cookies: In addition to the online information that you voluntarily provide to us, we may use cookies and retain cookie information separately or with the information you provide to us online. A cookie is a small piece of data assigned to the browser on your computer when you visit a website. We may use cookies for various purposes such as maintaining continuity during a session, gathering data about the use of our site, storing preferences or recognizing return users. Your web browser may alert you or permit you to refuse, disable or delete cookies. If you refuse cookies, you may not be able to use certain features or services on the site.

Use of Collected Information

We do not sell or market your personal information or personalized data to unaffiliated organizations. The personal information you provide and the personalized data you create and save on the site is used to provide superior service to you and to inform you of products, services, or other opportunities that may be available through our firm or our affiliates. This may include disclosure of such information to employees, representatives, officers, agents, affiliates, government and regulatory entities, third parties, and service providers. Such information and data will also be used to administer our business, the site, and our services in a manner consistent with this privacy statement, the Terms and Conditions that govern your use of this site and all applicable laws, rules, regulations, or other legal obligations.

If you provide us with your e-mail address, or have done so in the past, we may on occasion send you email. E-mail sent to us through the site will be maintained in a manner consistent with our legal and regulatory requirements regarding client and public communications.

We maintain your personal information and data according to confidentiality standards described in the Terms and Conditions that govern your use of this site.


Aggregate Information

If you anonymously visit or browse the site without registering or logging on with a username, password or other registration code, we do not collect your personal information unless you disclose it to us (e.g., e-mail address). We may collect aggregate, technical information that tracks site use including browser type, IP address, domain name, number or type of pages visited and time spent on the site. We may use such information in a variety of ways including analyzing trends, visitor interests, or to improve the site.

Privacy Preferences

Your browser software may contain a feature intended to notify you of the cookie policies of the websites you visit. For example, the Microsoft Internet Explorer 6 browser software contained in MicrosoftΠWindowsΠXP contains such a cookie- filtering device commonly known as P3P. General information about P3P can be found at This site has attempted to be compatible with the P3P privacy-filtering tool. However, P3P is still an evolving standard and, therefore, we are not responsible for any problems you may experience when using a P3P filter, or any discrepancies between the machine-coded privacy statements which are read by the P3P tool and our human readable policies that you see referenced here on this site including this privacy statement and the Citigroup Privacy Promise, which are the controlling documents to which you should refer if you have questions about privacy and this site.

Other Sites and Services

This site may contain links to other Internet sites not under our direction or control. This privacy statement does not apply to those sites. We are not responsible for such sites, cannot control how such sites use personal information, cookies or other data, and their representations do not apply to this site. You should always review the privacy representations of those sites that you link to before you use them and particularly before you share personal information.

This privacy statement does not supersede the Terms and Conditions that govern your use of this site. Any conflict between the two shall be determined in favor of such Terms and Conditions. Legg Mason may change this privacy statement at any time. Any changes or updates will be effective immediately upon posting to this site. The effective date of this privacy statement, as stated below, indicates the last time this statement was materially changed.

Effective Date

This Legg Mason Internet Privacy Statement was last modified: December 1, 2004

Copyright © 2016 Legg Mason.

The investment services of Legg Mason, which are described on this site, are provided by Salomon Brothers Asset Management Inc, Smith Barney Asset Management (a division of Citigroup Global Markets Inc.), Citibank Global Asset Management (a unit of Citibank, N.A.) and affiliated advisory entities. The services described on this site are intended for U.S. investors only. Similar services may be available to non-U.S. investors through other affiliated advisory entities.


The following supplements the information contained in the attached material:

As of the close of the transaction, Legg Mason Investor Services, LLC ("LMIS") and Citigroup Global Markets Inc. ("CGMI") are co-principal underwriters for all funds, and PFS Investments Inc. ("PFS") is an additional co-principal underwriter for certain Smith Barney funds. Neither CGMI nor PFS is affiliated with Legg Mason, Inc. or any of its subsidiaries.

All references to CGMI as the FINRA member firm are replaced by LMIS.

Effective as of the transaction date referenced above, investment services for separately managed accounts that Legg Mason had previously provided through Smith Barney Asset Management (a division of Citigroup Global Markets Inc.) and Citibank Global Asset Management (a division of Citibank, N.A.) will be provided through CAM North America, LLC a registered investment adviser and a wholly owned subsidiary of Legg Mason and an affiliate of Salomon Brothers Asset Management Inc.

Citicorp Investment Services is not affiliated with Legg Mason, Inc. or any of its subsidiaries. Additionally, all references to "Citigroup Inc." or "Citigroup Inc. and its affiliates" are deleted, and replaced by "Legg Mason, Inc." or "Legg Mason, Inc. and its affiliates," respectively.

For additional information, please visit our website at

© 2016 Legg Mason Investor Services, LLC, Member FINRA, SIPC