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| Total AUM | Avg. PM Years Experience | Years Since Inception |
|---|---|---|
| $481.6M | 26 | 32 |
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| Gross of Fees | 32.25 | 20.44 | 23.48 | 15.73 | 7.47 | 7.51 |
| Net of Fees | 31.53 | 19.56 | 22.57 | 14.88 | 6.66 | 6.69 |
| MSCI EAFE (Net) (USD) Index | 25.14 | 14.99 | 21.70 | 11.15 | 7.71 | 8.17 |
| MSCI EAFE Value (Net) (USD) Index | 31.92 | 22.53 | 25.66 | 15.66 | 8.17 | 8.16 |
The International Value Strategy invests in low expectation stocks across market capitalizations in developed and emerging markets trading at below normal valuations that have catalysts in place to spur a return to intrinsic value.
| Strategy Overview | International all cap value strategy |
| Benchmark | MSCI EAFE (Net) (USD) Index |
| Total Strategy AUM | $481.6M |
| Holdings Range | 50-701 |
| Objective | Total return3 |
The team seeks stocks that are believed to be trading below normal valuation with low expectations that have catalysts in place that may spur a return to normal valuation.
Contrarian investment style seeks out undervalued companies with a combination of quality and long-term growth potential.
Identifies stocks through both quantitative and fundamental research.
Management team has a long-tenured track record as international value investors.
This Strategy is available in other investment vehicles including the following:
The Strategy's contrarian approach has led to competitive long-term results.
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| Gross of Fees | 32.25 | 20.44 | 23.48 | 15.73 | 7.47 | 7.51 |
| Net of Fees | 31.53 | 19.56 | 22.57 | 14.88 | 6.66 | 6.69 |
| MSCI EAFE (Net) (USD) Index | 25.14 | 14.99 | 21.70 | 11.15 | 7.71 | 8.17 |
| MSCI EAFE Value (Net) (USD) Index | 31.92 | 22.53 | 25.66 | 15.66 | 8.17 | 8.16 |
The focused Strategy holds 60 to 85 stocks across more than 20 countries.
| Representative Portfolio | MSCI EAFE (Net) (USD) Index | MSCI EAFE Value (Net) (USD) Index | |
|---|---|---|---|
| Consumer Discretionary | 9.50 | 10.23 | 7.11 |
| Consumer Staples | 5.67 | 7.53 | 8.14 |
| Energy | 3.91 | 3.18 | 6.14 |
| Financials | 25.31 | 24.70 | 37.11 |
| Health Care | 6.91 | 10.79 | 7.78 |
| Industrials | 21.57 | 19.35 | 10.53 |
| Information Technology | 9.40 | 8.33 | 2.11 |
| Materials | 8.49 | 5.63 | 7.29 |
| Communication Services | 2.69 | 4.93 | 5.11 |
| Utilities | 2.97 | 3.44 | 5.49 |
| Cash | 2.49 | 0.00 | 0.00 |
| Real Estate | 1.09 | 1.89 | 3.20 |
| Characteristics | Representative Portfolio | MSCI EAFE (Net) (USD) Index | MSCI EAFE Value (Net) (USD) Index |
|---|---|---|---|
| P/E Ratio (trailing 12 mos.) | 14.7 | 17.2 | 13.2 |
| P/E Ratio (forward 12 mos.) | 14.7 | 16.2 | 12.5 |
| Price/Book | 2.9 | 3.5 | 1.7 |
| EPS Growth Next 3-5 Years (%) | 9.6 | 8.4 | 6.8 |
| Weighted Median Market Cap ($ bn) | 56.1 | 71.6 | 58.3 |
| Weighted Average Market Cap ($ bn) | 98.5 | 98.5 | 85.7 |
| ROE | 12.7 | 15.3 | 12.5 |
| Dividend Yield | 2.6 | 2.9 | 3.9 |
| Turnover (trailing 12 mos.) | 18.8 | - | - |
| 10 Year Risk Statistics | Composite | MSCI EAFE (Net) (USD) Index | MSCI EAFE Value (Net) (USD) Index |
|---|---|---|---|
| Standard Deviation (%) | 18.60 | 14.97 | 16.04 |
| Sharpe Ratio | 0.33 | 0.46 | 0.44 |
| Tracking Error (%) | 6.45 | -- | -- |
| R2 | 0.90 | -- | -- |
| Alpha (%) | -1.99 | -- | -- |
| Beta | 1.18 | -- | -- |
| Characteristics | % of Total Representative Portfolio |
|---|---|
| Siemens AG | 3.34 |
| Airbus SE | 3.08 |
| Fujitsu Ltd | 2.96 |
| Mitsubishi UFJ Financial Group Inc | 2.90 |
| Samsung Electronics Co Ltd | 2.65 |
| Marubeni Corp | 2.61 |
| Lloyds Banking Group PLC | 2.57 |
| AXA SA | 2.48 |
| KBC Group NV | 2.30 |
| Shell PLC | 2.25 |
| Total | 27.13 |
| Total Number of Holdings | 67 |
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 Value composite consists of discretionary accounts with no account minimum. The strategy employs a combination of quantitative screening and fundamental analysis to identify stocks trading at below-normal valuations with the potential to return to normal valuations. The accounts primarily invest in a diversified portfolio of equity securities of developed countries, excluding the U.S. The strategy may also invest in emerging markets. The composite returns are benchmarked to the MSCI ACWI ex USA Index ®. The index captures large, mid and small cap representation across 22 of 23 Developed Markets (DM) countries (excluding the United States) and 23 Emerging Markets (EM) countries. All performance returns are presented in USD. 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.
