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Institutional Investor Advisor Individual Investor
Total AUM Avg. PM Years Experience Years Since Inception
- 27 24
As of September 30 2021

Strategy Average Annual Total Returns

(%, Gross of Fees)2
YTD 1 Year 3 Years 5 Years 7 Years 10 Years
ClearBridge Large Cap Growth Composite 12.37 22.56 19.66 20.49 17.85 20.37
Russell 1000 Growth Index 14.30 27.32 22.00 22.84 18.51 19.68
As of September 30 2021

Overview

The Large Cap Growth Strategy takes a concentrated, long-term approach to generating growth by owning three types of growth companies that can thrive through varying market environments.

Strategy Overview Concentrated large cap growth portfolio managed with a high conviction, low turnover approach
Benchmark Russell 1000 Growth Index
Total Strategy AUM -
Holdings Range 40-501
Objective Long-term growth of capital3

Investment Philosophy

Invest in leadership companies where we believe the market price underestimates the magnitude of future growth.

Meet Our Managers

Peter Bourbeau

Portfolio Manager
30 Years experience
30 Years at ClearBridge

Margaret Vitrano

Portfolio Manager
25 Years experience
24 Years at ClearBridge

Strategy Facts

Allocates to three types of companies across the spectrum of growth and volatility: stable, select and cyclical growth stocks.

New positions added opportunistically when price underestimates growth potential.

Portfolio managers Peter Bourbeau and Margaret Vitrano bring a long tenure of investment experience.

Literature & Perspectives

Investment Process

  • Collaborate with sector analysts to identify companies with attractive business models and good long-term growth prospects and understand the durability of a company’s growth and profit
  • Meet with target company management, competitors and industry experts
  • Determine appropriate entry price
  • Monitor sector weightings and correlations among current holdings
  • Assess risk regularly

Performance

Average Annual Total Returns (%, Gross of Fees)2

YTD 1 Year 3 Years 5 Years 7 Years 10 Years
ClearBridge Large Cap Growth Composite 12.37 22.56 19.66 20.49 17.85 20.37
Russell 1000 Growth Index 14.30 27.32 22.00 22.84 18.51 19.68

Characteristics

Reflecting its patient approach, the Strategy’s annual turnover ratio is well below its large cap growth peers.

Sector Weights1,2

Representative Portfolio Russell 1000 Growth Index
Information Technology 40.42 44.42
Consumer Discretionary 19.65 18.40
Health Care 11.65 9.23
Communication Services 11.14 12.73
Industrials 10.48 5.92
Consumer Staples 2.17 3.82
Real Estate 1.52 1.67
Materials 1.21 0.97
Financials 0.00 2.50
Energy 0.00 0.32
Utilities 0.00 0.03
Cash 1.76 0.00
Portfolio Characteristics1,2
Characteristics Representative Portfolio Russell 1000 Growth Index
P/E Ratio (trailing 12 mos.) 37.7 34.1
P/E Ratio (forward 12 mos.) 32.3 29.7
Price/Book 13.1 17.5
EPS Growth Next 3-5 Years (%) 20.8 20.3
Weighted Median Market Cap ($ bn) 265.3 274.0
Weighted Average Market Cap ($ bn) 559.5 786.1
ROE 20.9 29.9
Dividend Yield 0.5 0.7
Turnover (trailing 12 mos.) 15.8 --
Risk Statistics1
10 Year Risk Statistics Composite Russell 1000 Growth Index
Annualized Returns (10 Years) 20.37 19.68
Standard Deviation (%) 13.93 14.19
Sharpe Ratio 1.37 1.30
Tracking Error (%) 3.16 --
R2 0.95 --
Alpha (%) 1.35 --
Beta 0.96 --
Top 10 Holdings1
Characteristics % of Total Representative Portfolio
Amazon.com Inc 8.87
Facebook Inc 6.32
Microsoft Corp 5.30
Apple Inc 4.70
Visa Inc 4.34
salesforce.com Inc 3.77
NVIDIA Corp 3.69
Adobe Inc 3.41
UnitedHealth Group Inc 2.98
Thermo Fisher Scientific Inc 2.89
Total 46.28
Total Number of Holdings 44
  • 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.

  • 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: Russell Investments. Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and/or Russell ratings or underlying data and no party may rely on any Russell Indexes and/or Russell ratings and/or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication.

  • ClearBridge Investments, LLC claims compliance with the Global Investment Performance Standards (GIPS®). ClearBridge Investments, LLC ("ClearBridge") is a wholly owned subsidiary of Legg Mason, Inc. ("Legg Mason"). 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 and May 1, 2020, ClearBridge affiliates, Global Currents Investment Management, LLC, ClearBridge, LLC and ClearBridge Investments Limited (f/k/a RARE Infrastructure Limited) have become part of the ClearBridge GIPS firm. In July 2020 Legg Mason, Inc. was purchased by Franklin Resources Inc. The ClearBridge Large Cap Growth Composite invests in issuers that demonstrate high earnings growth rates. All accounts within the composite are primarily invested in large-capitalization U.S. equities, with an objective of outperforming the Russell 1000 Growth Index. Results are calculated in U.S. dollars. The Russell 1000 Growth Index measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. 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.