We align the interests of the firm with our clients and strive to deliver alpha in every aspect of our business, from generating consistent investment performance, to promoting sustainable business practices, to delivering successful long-
term outcomes.
Here you can learn more about our company, our team and careers at ClearBridge.
ClearBridge Investments has been recognized by Pensions & Investments Magazine as a "Best Place to Work in Money Management" in all nine years of the survey.
These awards reflect the Firm's spirit of collaboration, work/life balance and ongoing investment in our employees.
| Total AUM | Avg. PM Years Experience | Years Since Inception |
|---|---|---|
| $7.9B | 35 | 29 |
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| Gross of Fees | 21.45 | 13.04 | 19.92 | 7.83 | 9.03 | 10.70 |
| Net of Fees | 18.84 | 9.77 | 16.47 | 4.70 | 5.87 | 7.49 |
| MSCI EAFE (Net) (USD) Index | 25.14 | 14.99 | 21.70 | 11.15 | 7.71 | 8.17 |
| MSCI EAFE Growth (Net) (USD) Index | 18.55 | 7.76 | 17.84 | 6.64 | 6.93 | 7.92 |
The International Growth ADR Strategy takes a diversified approach in search of mispriced growth companies across market capitalizations.
| Strategy Overview | Growth-oriented investment management, offering exposure to non-U.S. markets |
| Benchmark | MSCI EAFE (Net) (USD) Index |
| Total Strategy AUM | $7.9B |
| Holdings Range | 40-601 |
| Objective | Long-term growth of capital while seeking to outperform the benchmark over a full market cycle3 |
In the long term, markets are efficient and stock prices reflect a company’s dynamic intrinsic value or true worth.
The Strategy promotes diversification by targeting stocks at three different stages of their growth lifecycle: emerging, secular and structural growth companies.
A proprietary model pinpoints high quality but under-appreciated growth stocks and helps avoid stocks experiencing negative trends.
The team of three portfolio managers brings a long tenure of global investment experience.
This strategy is available in other investment vehicles including the following:
A focus on mispriced growth companies has led to competitive results.
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| Gross of Fees | 21.45 | 13.04 | 19.92 | 7.83 | 9.03 | 10.70 |
| Net of Fees | 18.84 | 9.77 | 16.47 | 4.70 | 5.87 | 7.49 |
| MSCI EAFE (Net) (USD) Index | 25.14 | 14.99 | 21.70 | 11.15 | 7.71 | 8.17 |
| MSCI EAFE Growth (Net) (USD) Index | 18.55 | 7.76 | 17.84 | 6.64 | 6.93 | 7.92 |
The Strategy’s sector weights reflect its high active share approach to stock selection.
| Representative Portfolio | MSCI EAFE (Net) (USD) Index | MSCI EAFE Growth (Net) (USD) Index | |
|---|---|---|---|
| Consumer Discretionary | 13.77 | 10.23 | 13.37 |
| Consumer Staples | 8.53 | 7.53 | 6.92 |
| Energy | 0.00 | 3.18 | 0.19 |
| Financials | 17.51 | 24.70 | 12.21 |
| Health Care | 12.75 | 10.79 | 13.83 |
| Industrials | 19.79 | 19.35 | 28.23 |
| Information Technology | 15.15 | 8.33 | 14.60 |
| Materials | 4.46 | 5.63 | 3.97 |
| Communication Services | 4.35 | 4.93 | 4.74 |
| Utilities | 1.72 | 3.44 | 1.37 |
| Cash | 1.96 | 0.00 | 0.00 |
| Real Estate | 0.00 | 1.89 | 0.58 |
| Characteristics | Representative Portfolio | MSCI EAFE (Net) (USD) Index | MSCI EAFE Growth (Net) (USD) Index |
|---|---|---|---|
| P/E Ratio (trailing 12 mos.) | 23.4 | 17.2 | 24.3 |
| P/E Ratio (forward 12 mos.) | 18.5 | 16.2 | 22.9 |
| Price/Book | 5.3 | 3.5 | 6.3 |
| EPS Growth Next 3-5 Years (%) | 10.9 | 8.4 | 10.0 |
| Weighted Median Market Cap ($ bn) | 97.7 | 71.6 | 81.8 |
| Weighted Average Market Cap ($ bn) | 156.3 | 98.5 | 111.4 |
| ROE | 18.5 | 15.3 | 18.7 |
| Dividend Yield | 1.4 | 2.9 | 1.8 |
| Turnover (trailing 12 mos.) | 55.7 | - | - |
| 10 Year Risk Statistics | Composite | MSCI EAFE (Net) (USD) Index | MSCI EAFE Growth (Net) (USD) Index |
|---|---|---|---|
| Standard Deviation (%) | 15.41 | 14.97 | 15.30 |
| Sharpe Ratio | 0.41 | 0.46 | 0.44 |
| Tracking Error (%) | 5.34 | -- | -- |
| R2 | 0.88 | -- | -- |
| Alpha (%) | -0.33 | -- | -- |
| Beta | 0.97 | -- | -- |
| Characteristics | % of Total Representative Portfolio |
|---|---|
| Sony Group Corp | 3.35 |
| SAP SE | 3.29 |
| Sea Ltd | 3.26 |
| Siemens Energy AG | 2.80 |
| AstraZeneca PLC | 2.54 |
| Danone SA | 2.49 |
| Tesco PLC | 2.48 |
| Tencent Holdings Ltd | 2.43 |
| Unilever PLC | 2.42 |
| Intesa Sanpaolo SpA | 2.41 |
| Total | 27.46 |
| Total Number of Holdings | 58 |
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 International Growth ADR SMA composite consists of discretionary wrap accounts with an account minimum of US $25,000. Accounts within the composite seek long-term growth of capital by investing in well managed businesses whose intrinsic value does not appear to be recognized by the markets. Investments are primarily in ADRs, but may also make limited investments in U.S.-traded stocks of non-U.S. and U.S. companies engaged in significant non-U.S. business. 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].
