Legg Mason Wood Walker Inc. has unveiled its 18th mutual fund, targeting investors who seek long-term capital appreciation.

The U.S. Small Capitalization Value Trust Fund invests in small companies, particularly those with low price-to-earnings ratios, strong balance sheets, and solid growth potential, said a spokeswoman for the Baltimore-based broker-dealer. The Legg Mason Funds have $12 billion of assets under management.

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