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| Total AUM | Avg. PM Years Experience | Years Since Inception |
|---|---|---|
| $9.5B | 35 | 9 |
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | Since Inception | |
|---|---|---|---|---|---|---|
| Gross of Fees | 22.67 | 14.11 | 20.87 | 8.07 | 9.00 | 10.51 |
| Net of Fees | 22.00 | 13.27 | 19.99 | 7.26 | 8.18 | 9.66 |
| MSCI EAFE (Net) (USD) Index | 25.14 | 14.99 | 21.70 | 11.15 | 7.71 | 7.88 |
| MSCI EAFE Growth (Net) (USD) Index | 18.55 | 7.76 | 17.84 | 6.64 | 6.93 | 7.42 |
The International Growth EAFE 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 | $9.5B |
| Holdings Range | 40-701 |
| 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 | Since Inception | |
|---|---|---|---|---|---|---|
| Gross of Fees | 22.67 | 14.11 | 20.87 | 8.07 | 9.00 | 10.51 |
| Net of Fees | 22.00 | 13.27 | 19.99 | 7.26 | 8.18 | 9.66 |
| MSCI EAFE (Net) (USD) Index | 25.14 | 14.99 | 21.70 | 11.15 | 7.71 | 7.88 |
| MSCI EAFE Growth (Net) (USD) Index | 18.55 | 7.76 | 17.84 | 6.64 | 6.93 | 7.42 |
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 | 14.83 | 10.23 | 13.37 |
| Consumer Staples | 8.87 | 7.53 | 6.92 |
| Energy | 0.00 | 3.18 | 0.19 |
| Financials | 18.24 | 24.70 | 12.21 |
| Health Care | 11.13 | 10.79 | 13.83 |
| Industrials | 21.33 | 19.35 | 28.23 |
| Information Technology | 15.67 | 8.33 | 14.60 |
| Materials | 3.32 | 5.63 | 3.97 |
| Communication Services | 3.62 | 4.93 | 4.74 |
| Utilities | 1.74 | 3.44 | 1.37 |
| Cash | 1.26 | 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.) | 22.2 | 17.2 | 24.3 |
| P/E Ratio (forward 12 mos.) | 21.0 | 16.2 | 22.9 |
| Price/Book | 5.5 | 3.5 | 6.3 |
| EPS Growth Next 3-5 Years (%) | 11.6 | 8.4 | 10.0 |
| Weighted Median Market Cap ($ bn) | 92.9 | 71.6 | 81.8 |
| Weighted Average Market Cap ($ bn) | 147.1 | 98.5 | 111.4 |
| ROE | 18.7 | 15.3 | 18.7 |
| Dividend Yield | 1.7 | 2.9 | 1.8 |
| Turnover (trailing 12 mos.) | 65.1 | - | - |
| 7 Year Risk Statistics | Composite | MSCI EAFE (Net) (USD) Index | MSCI EAFE Growth (Net) (USD) Index |
|---|---|---|---|
| Annualized Returns (7 Years) | 9.00 | 7.71 | 6.93 |
| Standard Deviation (%) | 17.25 | 16.50 | 16.99 |
| Sharpe Ratio | 0.39 | 0.37 | 0.32 |
| Tracking Error (%) | 5.94 | -- | -- |
| R2 | 0.88 | -- | -- |
| Alpha (%) | 0.67 | -- | -- |
| Beta | 0.98 | -- | -- |
| Characteristics | % of Total Representative Portfolio |
|---|---|
| Sony Group Corp | 3.22 |
| Sea Ltd | 3.21 |
| Siemens Energy AG | 3.13 |
| SAP SE | 3.05 |
| Intesa Sanpaolo SpA | 2.45 |
| Argenx SE | 2.44 |
| AstraZeneca PLC | 2.42 |
| Tencent Holdings Ltd | 2.41 |
| Airbus SE | 2.38 |
| Safran SA | 2.28 |
| Total | 26.98 |
| Total Number of Holdings | 66 |
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 EAFE composite consists of institutional discretionary accounts with no account minimum. All accounts within the composite invest primarily in large, mid and small capitalization stocks of companies believed to have above-average potential for growth in revenue, earnings, cash flow, or other similar criteria which are located outside the U.S. including across developed and emerging markets. The Portfolio will invest at least 80% of its assets in the securities of companies that are domiciled outside the U.S. The Emerging Markets exposure will typically range from 0-10%. Results are calculated in U.S. dollars. The MSCI® EAFE (Net) (USD) Index® is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets excluding the U.S. 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.
