Morningstar Magazine - February/March 2018 - 23

Seeking High Dividends
with Low Volatility?
Consider Legg Mason Low Volatility
withETF
Low
Volatility?
High Dividend
- LVHD
-
from our suite of ETF strategies.
High Dividend ETF - LVHD -
Explore from
expanded
choices
our suite
of ETF strategies.
at LeggMason.com/ETF
Explore expanded choices
at LeggMason.com/ETF
All investments involve risk, including loss of principal, and there is no guarantee that investment objectives will be met.
Equity securities are subject to price fluctuation and possible loss of principal. Income and dividends will fluctuate and are not guaranteed.

Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. You can find this and other information
in each prospectus, and summary prospectus, if available, at www.LeggMason.com/ETF. Please read the prospectus carefully.

investments
involveset
risk,
including
of principal,
and there
no guarantee
that investment
objectives
will be
met. of any particular investor, and does not constitute,
Any information, All
statement
or opinion
forth
hereinloss
is general
in nature,
is notisdirected
to or based
on the financial
situation
or needs
Equity
securities
are
subject
to
price
fl
uctuation
and
possible
loss
of
principal.
Income
and
dividends
will
fl
uctuate
and
arerespect
not guaranteed.
and should not be construed as, investment advice, forecast of future events, a guarantee of future results, or a recommendation with
to any particular security or investment strategy
Before
investing,
carefully
consider
a fund'stheinvestment
objectives,
risks,
charges
and expenses.
You
canconsult
find their
thisfiand
other
information
or type of retirement
account. 
Investors seeking
financial
advice regarding
appropriateness
of investing in
any securities
or investment
strategies
should
nancial
advisor.
in each
and summary
if available,
www.LeggMason.com/ETF
read1/18
the prospectus carefully.
© 2018 Legg Mason
Investorprospectus,
Services, LLC. Member
FINRA, SIPC.prospectus,
Legg Mason Investor
Services isata subsidiary
of Legg Mason, Inc. 763541. Please
ADVR412430
Any information, statement or opinion set forth herein is general in nature, is not directed to or based on the financial situation or needs of any particular investor, and does not constitute,
INVESTMENTand
PRODUCTS:
NOT
FDIC INSURED
* NO
BANK
GUARANTEE
* MAY
LOSE VALUE
should not be
construed
as, investment
advice,
forecast
of future events,
a guarantee
of future results, or a recommendation with respect to any particular security or investment strategy
or type of retirement account. Investors seeking financial advice regarding the appropriateness of investing in any securities or investment strategies should consult their financial advisor.
© 2018 Legg Mason Investor Services, LLC. Member FINRA, SIPC. Legg Mason Investor Services is a subsidiary of Legg Mason, Inc. 763541 ADVR412430 1/18

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


http://www.LeggMason.com/ETF http://www.LeggMason.com/ETF

Table of Contents for the Digital Edition of Morningstar Magazine - February/March 2018

Contents
Morningstar Magazine - February/March 2018 - Cover1
Morningstar Magazine - February/March 2018 - Cover2
Morningstar Magazine - February/March 2018 - 1
Morningstar Magazine - February/March 2018 - 2
Morningstar Magazine - February/March 2018 - Contents
Morningstar Magazine - February/March 2018 - 4
Morningstar Magazine - February/March 2018 - 5
Morningstar Magazine - February/March 2018 - 6
Morningstar Magazine - February/March 2018 - 7
Morningstar Magazine - February/March 2018 - 8
Morningstar Magazine - February/March 2018 - 9
Morningstar Magazine - February/March 2018 - 10
Morningstar Magazine - February/March 2018 - 11
Morningstar Magazine - February/March 2018 - 12
Morningstar Magazine - February/March 2018 - 13
Morningstar Magazine - February/March 2018 - 14
Morningstar Magazine - February/March 2018 - 15
Morningstar Magazine - February/March 2018 - 16
Morningstar Magazine - February/March 2018 - 17
Morningstar Magazine - February/March 2018 - 18
Morningstar Magazine - February/March 2018 - 19
Morningstar Magazine - February/March 2018 - 20
Morningstar Magazine - February/March 2018 - 21
Morningstar Magazine - February/March 2018 - 22
Morningstar Magazine - February/March 2018 - 23
Morningstar Magazine - February/March 2018 - 24
Morningstar Magazine - February/March 2018 - 25
Morningstar Magazine - February/March 2018 - 26
Morningstar Magazine - February/March 2018 - 27
Morningstar Magazine - February/March 2018 - 28
Morningstar Magazine - February/March 2018 - 29
Morningstar Magazine - February/March 2018 - 30
Morningstar Magazine - February/March 2018 - 31
Morningstar Magazine - February/March 2018 - 32
Morningstar Magazine - February/March 2018 - 33
Morningstar Magazine - February/March 2018 - 34
Morningstar Magazine - February/March 2018 - 35
Morningstar Magazine - February/March 2018 - 36
Morningstar Magazine - February/March 2018 - 37
Morningstar Magazine - February/March 2018 - 38
Morningstar Magazine - February/March 2018 - 39
Morningstar Magazine - February/March 2018 - 40
Morningstar Magazine - February/March 2018 - 41
Morningstar Magazine - February/March 2018 - 42
Morningstar Magazine - February/March 2018 - 43
Morningstar Magazine - February/March 2018 - 44
Morningstar Magazine - February/March 2018 - 45
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Morningstar Magazine - February/March 2018 - 47
Morningstar Magazine - February/March 2018 - 48
Morningstar Magazine - February/March 2018 - 49
Morningstar Magazine - February/March 2018 - 50
Morningstar Magazine - February/March 2018 - 51
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Morningstar Magazine - February/March 2018 - 53
Morningstar Magazine - February/March 2018 - 54
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Morningstar Magazine - February/March 2018 - 56
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Morningstar Magazine - February/March 2018 - 80
Morningstar Magazine - February/March 2018 - Cover3
Morningstar Magazine - February/March 2018 - Cover4
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