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| Total AUM | Avg. PM Years Experience | Years Since Inception |
|---|---|---|
| $558.7M | 33 | 16 |
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| Gross of Fees | 12.74 | 15.60 | 23.44 | 15.43 | 14.74 | 15.17 |
| Net of Fees | 12.20 | 14.86 | 22.66 | 14.71 | 14.03 | 14.45 |
| S&P 500 Index | 14.83 | 17.60 | 24.94 | 16.47 | 14.45 | 15.30 |
The Appreciation ESG Strategy seeks to balance upside return potential with downside risk protection by investing in high-quality large cap stocks with positive ESG attributes.
| Strategy Overview | Primarily large cap, blue chip companies that meet ESG criteria |
| Benchmark | S&P 500 Index |
| Total Strategy AUM | $558.7M |
| Holdings Range | 50-801 |
| Objective | Seeks long-term appreciation of capital3 |
The managers seek to provide long-term consistent and competitive risk-adjusted returns by balancing upside participation in good markets while trying to limit downside risk in difficult markets.
An active focus on risk management has led to lower levels of risk and volatility than the benchmark over the same time periods.
This Strategy is available in other investment vehicles including the following:
An emphasis on risk management has produced strong risk-adjusted returns.
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| Gross of Fees | 12.74 | 15.60 | 23.44 | 15.43 | 14.74 | 15.17 |
| Net of Fees | 12.20 | 14.86 | 22.66 | 14.71 | 14.03 | 14.45 |
| S&P 500 Index | 14.83 | 17.60 | 24.94 | 16.47 | 14.45 | 15.30 |
An ESG focus contributes to the Strategy typically taking on less risk than its benchmark.
| Representative Portfolio | S&P 500 Index | |
|---|---|---|
| Consumer Discretionary | 7.99 | 10.54 |
| Consumer Staples | 10.30 | 4.91 |
| Energy | 1.75 | 2.89 |
| Financials | 13.44 | 13.54 |
| Health Care | 7.10 | 8.86 |
| Industrials | 9.70 | 8.29 |
| Information Technology | 26.40 | 34.78 |
| Materials | 4.90 | 1.77 |
| Communication Services | 13.69 | 10.14 |
| Utilities | 1.62 | 2.35 |
| Cash | 2.25 | 0.00 |
| Real Estate | 0.84 | 1.94 |
| Characteristics | Representative Portfolio | S&P 500 Index |
|---|---|---|
| P/E Ratio (trailing 12 mos.) | 30.3 | 28.9 |
| P/E Ratio (forward 12 mos.) | 27.2 | 25.0 |
| Price/Book | 9.5 | 8.2 |
| EPS Growth Next 3-5 Years (%) | 10.9 | 11.8 |
| Weighted Median Market Cap ($ bn) | 446.3 | 403.2 |
| Weighted Average Market Cap ($ bn) | 1273.0 | 1321.6 |
| ROE | 30.0 | 25.8 |
| Dividend Yield | 1.1 | 1.1 |
| Turnover (trailing 12 mos.) | 26.2 | - |
| 10 Year Risk Statistics | Composite | S&P 500 Index |
|---|---|---|
| Standard Deviation (%) | 13.79 | 15.31 |
| Sharpe Ratio | 0.90 | 0.87 |
| Tracking Error (%) | 3.02 | -- |
| R2 | 0.97 | -- |
| Alpha (%) | 0.55 | -- |
| Beta | 0.89 | -- |
| Characteristics | % of Total Representative Portfolio |
|---|---|
| Microsoft Corp | 7.49 |
| NVIDIA Corp | 6.22 |
| Alphabet Inc | 5.27 |
| Apple Inc | 4.39 |
| Costco Wholesale Corp | 4.28 |
| Meta Platforms Inc | 4.02 |
| Broadcom Inc | 3.64 |
| Amazon.com Inc | 3.19 |
| JPMorgan Chase & Co | 2.92 |
| TJX Cos Inc/The | 2.84 |
| Total | 44.26 |
| Total Number of Holdings | 54 |
1 Source: FactSet. Representative portfolio characteristics, holdings, sector weightings and market cap are based on a representative portfolio and are subject to change at any time. Holdings, sector weightings, market cap and portfolio characteristics of individual client portfolios may differ, sometimes significantly, from those shown. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities and sectors listed. Statistics shown are net of fees.
2 Past performance is no guarantee of future results. See GIPS endnotes. Performance is preliminary and subject to change.
3 There is no guarantee that the Strategy's objective will be met.
P/E ratios are weighted harmonic average. Price/Book is weighted average.
Performance source: Internal. Benchmark source: Standard & Poor's.
ClearBridge Investments, LLC claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. ClearBridge Investments, LLC ("ClearBridge") is a wholly owned indirect subsidiary of Franklin Resources, Inc. (“Franklin”). In July 2020 Legg Mason, Inc., its parent company, was purchased by Franklin. The investment advisory business now known as ClearBridge was registered in September 2005 to facilitate Legg Mason's acquisition of substantially all the equity asset management businesses known as Citigroup Asset Management. These former businesses serve as the foundation of ClearBridge and its claim of GIPS compliance for institutional accounts through predecessor firms, effective as of January 1997. In June 2008, ClearBridge combined this business with its retail business to form a single GIPS firm. As of April 1, 2013, January 1, 2016, May 1, 2020, and January 1, 2024 ClearBridge affiliates, Global Currents Investment Management, LLC, ClearBridge, LLC, ClearBridge Investments Limited (f/k/a RARE Infrastructure Limited), and Franklin Bissett Asset Management have become part of the ClearBridge GIPS firm.
The ClearBridge Appreciation ESG Composite invests primarily in medium and large capitalization companies, but may also invest in small capitalization companies. The manager seeks investments among a strong core of growth and value stocks, consisting primarily of blue chip companies dominant in their industries. The managers actively integrate criteria inclusive of environmental, social and governance (ESG) issues into the portfolio construction of the strategy. The ESG Investment Program includes active company engagement for purposes of advocacy and improved corporate practices. Results are calculated in U.S. dollars. The S&P 500 Index is a broad-based measurement of changes in stock market conditions based on the average performance of 500 widely held common stocks. To receive a complete list and description of ClearBridge composites and/or a presentation that adheres to the GIPS standards, please contact ClearBridge Institutional Marketing.
