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| Total AUM | Avg. PM Years Experience | Years Since Inception |
|---|---|---|
| $26.4M | 24 | 3 |
| YTD | 1 Year | 3 Years | Since Inception | |
|---|---|---|---|---|
| Gross of Fees | 19.42 | 14.47 | 24.59 | 13.41 |
| Net of Fees | 18.81 | 13.69 | 23.74 | 12.62 |
| MSCI World Value (Net) (USD) Index | 16.89 | 11.98 | 18.57 | 8.51 |
The Global Value Improvers Strategy is focused on undervalued companies improving on ESG measures through transforming their own products and services or enabling others to advance their ESG objectives.
| Strategy Overview | Concentrated portfolio of holdings that are improving on ESG measures and have long-term orientation with low turnover |
| Benchmark | MSCI World Value (Net) (USD) Index |
| Total Strategy AUM | $26.4M |
| Holdings Range | 30-401 |
| Objective | To generate long-term capital appreciation while seeking to outperform the benchmark3 |
The portfolio managers integrate a disciplined framework blending fundamental analysis and ESG research to identify undervalued companies across the world where ESG improvement can be a driver of stock price appreciation, creating a high-alpha generating portfolio capable of true diversification.
Utilizes a forward-looking approach to understand how companies’ ESG policies are evolving, identifying opportunities not yet priced into stocks.
A focus on investing in improvers, rather than merely best-in-class ESG leaders, minimizes exclusions and targets companies expected to have the most impact on ESG advancement.
Leverages ClearBridge’s over 30 years of experience engaging with companies on ESG issues and integrating ESG factors and ratings into its fundamental research to drive investment ideas.
This Strategy is available in other investment vehicles including the following:
A focus on stocks with improving ESG practices enables the strategy to make a positive investment impact.
| YTD | 1 Year | 3 Years | Since Inception | |
|---|---|---|---|---|
| Gross of Fees | 19.42 | 14.47 | 24.59 | 13.41 |
| Net of Fees | 18.81 | 13.69 | 23.74 | 12.62 |
| MSCI World Value (Net) (USD) Index | 16.89 | 11.98 | 18.57 | 8.51 |
| Representative Portfolio | MSCI World Value (Net) (USD) Index | |
|---|---|---|
| Consumer Discretionary | 3.49 | 5.85 |
| Consumer Staples | 4.62 | 7.84 |
| Energy | 6.35 | 6.71 |
| Financials | 24.91 | 26.54 |
| Health Care | 11.86 | 11.57 |
| Industrials | 22.80 | 11.06 |
| Information Technology | 4.01 | 9.44 |
| Materials | 2.61 | 4.43 |
| Communication Services | 6.97 | 8.24 |
| Utilities | 7.48 | 4.71 |
| Cash | 4.89 | 0.00 |
| Real Estate | 0.00 | 3.62 |
| Characteristics | Representative Portfolio | MSCI World Value (Net) (USD) Index |
|---|---|---|
| P/E Ratio (trailing 12 mos.) | 18.8 | 18.4 |
| P/E Ratio (forward 12 mos.) | 16.2 | 16.5 |
| Price/Book | 3.5 | 3.4 |
| EPS Growth Next 3-5 Years (%) | 11.8 | 8.6 |
| Weighted Median Market Cap ($ bn) | 92.9 | 110.5 |
| Weighted Average Market Cap ($ bn) | 182.5 | 240.1 |
| ROE | 14.7 | 16.7 |
| Dividend Yield | 2.1 | 2.6 |
| Turnover (trailing 12 mos.) | 37.2 | - |
| 3 Year Risk Statistics | Composite | MSCI World Value (Net) (USD) Index |
|---|---|---|
| Annualized Returns (3 Years) | 24.59 | 18.57 |
| Standard Deviation (%) | 13.21 | 12.95 |
| Sharpe Ratio | 1.32 | 1.01 |
| Tracking Error (%) | 5.29 | -- |
| R2 | 0.84 | -- |
| Alpha (%) | 5.31 | -- |
| Beta | 0.94 | -- |
| Characteristics | % of Total Representative Portfolio |
|---|---|
| Wells Fargo & Co | 4.49 |
| Charles Schwab Corp/The | 4.22 |
| Banco Bilbao Vizcaya Argentaria SA | 3.98 |
| Siemens AG | 3.57 |
| Piraeus Financial Holdings SA | 3.53 |
| Compass Group PLC | 3.49 |
| EQT Corp | 3.25 |
| National Grid PLC | 3.14 |
| Hitachi Ltd | 3.12 |
| TotalEnergies SE | 3.10 |
| Total | 35.90 |
| Total Number of Holdings | 36 |
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.
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 Global Value Improvers composite consists of institutional discretionary accounts with no account minimum. The Strategy will pursue its investment objective by investing in value-based companies globally, seeking to outperform the MSCI World Value Index. The main risks of this strategy are issuer risk, equity risk, market volatility risk, foreign security risk, economic risk and concentration risk. Results are calculated in U.S. dollars. The MSCI World Value Index captures large and mid cap securities exhibiting overall value style characteristics across 23 developed market countries. 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.
