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| Total AUM | Avg. PM Years Experience | Years Since Inception |
|---|---|---|
| $703.6M | 26 | 12 |
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| Gross of Fees | 10.06 | 11.74 | 19.20 | 13.41 | 11.95 | 12.77 |
| Net of Fees | 7.67 | 8.51 | 15.77 | 10.13 | 8.71 | 9.51 |
| S&P 500 Index | 14.83 | 17.60 | 24.94 | 16.47 | 14.45 | 15.30 |
The Dividend Strategy ESG portfolio targets a high level of current income, growth of income and capital preservation in challenging markets by owning large cap companies with positive ESG attributes that pay a dividend and have the potential to significantly grow their dividend.
| Strategy Overview | Primarily large cap strategy focused on dividend income |
| Benchmark | S&P 500 Index |
| Total Strategy AUM | $703.6M |
| Holdings Range | 40-601 |
| Objective | High current income, income growth and long-term capital appreciation3 |
Total return portfolio focused on large cap, high-quality companies that pay an attractive dividend, have the potential to significantly grow their dividends and provide consistent and competitive risk-adjusted returns.
Portfolio managers John Baldi and Michael Clarfeld bring a long tenure of experience managing dividend-focused strategies.
The Strategy focuses exclusively on dominant, well-run businesses that pay a dividend or have the potential to do so.
The team does not deviate from a disciplined investment process focused on income growth.
This Strategy is available in other investment vehicles including the following:
A dividend focus has led to competitive returns over multiple time periods.
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| Gross of Fees | 10.06 | 11.74 | 19.20 | 13.41 | 11.95 | 12.77 |
| Net of Fees | 7.67 | 8.51 | 15.77 | 10.13 | 8.71 | 9.51 |
| S&P 500 Index | 14.83 | 17.60 | 24.94 | 16.47 | 14.45 | 15.30 |
The Strategy's stock selection process results in diversification across all sectors with overweights to those that have historically paid meaningful and growing dividends.
| Representative Portfolio | S&P 500 Index | |
|---|---|---|
| Consumer Discretionary | 4.00 | 10.54 |
| Consumer Staples | 8.13 | 4.91 |
| Energy | 7.37 | 2.89 |
| Financials | 14.42 | 13.54 |
| Health Care | 12.03 | 8.86 |
| Industrials | 7.89 | 8.29 |
| Information Technology | 16.66 | 34.78 |
| Materials | 6.69 | 1.77 |
| Communication Services | 7.55 | 10.14 |
| Utilities | 7.24 | 2.35 |
| Cash | 2.84 | 0.00 |
| Real Estate | 5.19 | 1.94 |
| Characteristics | Representative Portfolio | S&P 500 Index |
|---|---|---|
| P/E Ratio (trailing 12 mos.) | 23.0 | 28.9 |
| P/E Ratio (forward 12 mos.) | 19.6 | 25.0 |
| Price/Book | 6.7 | 8.2 |
| EPS Growth Next 3-5 Years (%) | 8.4 | 11.8 |
| Weighted Median Market Cap ($ bn) | 115.9 | 403.2 |
| Weighted Average Market Cap ($ bn) | 474.8 | 1321.6 |
| ROE | 23.9 | 25.8 |
| Dividend Yield | 2.2 | 1.1 |
| Turnover (trailing 12 mos.) | 22.7 | - |
| 7 Year Risk Statistics | Composite | S&P 500 Index |
|---|---|---|
| Annualized Returns (7 Years) | 11.95 | 14.45 |
| Standard Deviation (%) | 15.55 | 17.33 |
| Sharpe Ratio | 0.45 | 0.72 |
| Tracking Error (%) | 5.35 | -- |
| R2 | 0.91 | -- |
| Alpha (%) | -3.63 | -- |
| Beta | 0.86 | -- |
| Characteristics | % of Total Representative Portfolio |
|---|---|
| Microsoft Corp | 4.27 |
| Williams Cos Inc/The | 3.90 |
| Broadcom Inc | 3.62 |
| Sempra | 3.16 |
| Nestle SA | 3.08 |
| Becton Dickinson & Co | 2.67 |
| Unilever PLC | 2.57 |
| TE Connectivity PLC | 2.53 |
| JPMorgan Chase & Co | 2.43 |
| Kinder Morgan Inc | 2.40 |
| Total | 30.63 |
| Total Number of Holdings | 53 |
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 Dividend Strategy ESG SMA composite consists of discretionary wrap accounts with an account minimum of US $25,000. The managers actively integrate criteria inclusive of environmental, social and governance (ESG) issues into the portfolio construction of the strategy. Accounts within the composite seek dividend income, growth of dividend income and long-term capital appreciation by investing in stocks that either pay an existing dividend or are expected to pay a dividend in the near future. The strategy is implemented by Franklin Templeton Private Portfolio Group, LLC ("FTPPG"), formerly known as Legg Mason Private Portfolio Group, LLC ("LMPPG"). FTPPG claims compliance with the Global Investment Performance Standards (GIPS®). FTPPG has been independently verified for the periods January 1, 2013 - December 31, 2021. FTPPG is a wholly owned indirect subsidiary of Franklin Resources, Inc and together with its sub-advisers, including ClearBridge, provides investment services primarily in investment programs sponsored by Sponsor Firms. To obtain a compliant presentation and/or the firm's list of composite descriptions, please contact [email protected].
