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| Total AUM | Avg. PM Years Experience | Years Since Inception |
|---|---|---|
| $2.5B | 25 | 27 |
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| Gross of Fees | 9.28 | 12.28 | 14.38 | 10.47 | 8.78 | 9.53 |
| Net of Fees | 8.68 | 11.45 | 13.54 | 9.66 | 7.98 | 8.72 |
| Russell Midcap Index | 10.42 | 11.11 | 17.69 | 12.66 | 10.07 | 11.39 |
The Mid Cap Strategy applies quantitative and fundamental research to a relatively inefficient segment of the U.S. market to identify high-quality, mispriced stocks.
| Strategy Overview | Mid cap core strategy utilizing both quantitative and fundamental analysis, with a focus on stock selection |
| Benchmark | Russell Midcap Index |
| Total Strategy AUM | $2.5B |
| Holdings Range | 50-801 |
| Objective | Long-term growth of capital and consistently superior returns relative to the benchmark3 |
While markets are efficient over the long term, individual stocks are mispriced at times, presenting exploitable inefficiencies. Through a combination of quantitative and fundamental analysis, these can be identified and capitalized on.
Focuses on high-quality companies with strong balance sheets, high returns on capital, high free cash flow generation and sustainable competitive advantages.
Owns a mix of growth and value stocks.
Portfolio managers Brian Angerame and Matthew Lilling have worked together on the Strategy for over a decade.
This Strategy is available in other investment vehicles including the following:
An approach blending growth and value stocks has led to competitive long-term returns.
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| Gross of Fees | 9.28 | 12.28 | 14.38 | 10.47 | 8.78 | 9.53 |
| Net of Fees | 8.68 | 11.45 | 13.54 | 9.66 | 7.98 | 8.72 |
| Russell Midcap Index | 10.42 | 11.11 | 17.69 | 12.66 | 10.07 | 11.39 |
The Strategy’s quality focus is reflected in return on equity (ROE) that is higher than its benchmark.
| Representative Portfolio | Russell Midcap Index | |
|---|---|---|
| Consumer Discretionary | 11.57 | 11.84 |
| Consumer Staples | 6.79 | 4.86 |
| Energy | 5.76 | 5.74 |
| Financials | 13.46 | 15.37 |
| Health Care | 10.46 | 9.32 |
| Industrials | 17.45 | 18.21 |
| Information Technology | 14.42 | 11.76 |
| Materials | 4.08 | 4.97 |
| Communication Services | 2.04 | 4.36 |
| Utilities | 6.30 | 6.27 |
| Cash | 1.40 | 0.00 |
| Real Estate | 6.28 | 7.30 |
| 10 Year Risk Statistics | Composite | Russell Midcap Index |
|---|---|---|
| Standard Deviation (%) | 18.17 | 17.61 |
| Sharpe Ratio | 0.44 | 0.58 |
| Tracking Error (%) | 3.66 | -- |
| R2 | 0.96 | -- |
| Alpha (%) | -2.43 | -- |
| Beta | 1.01 | -- |
| Characteristics | % of Total Representative Portfolio |
|---|---|
| Teledyne Technologies Inc | 3.13 |
| Casey's General Stores Inc | 3.12 |
| Clean Harbors Inc | 2.79 |
| EQT Corp | 2.77 |
| API Group Corp | 2.70 |
| PPL Corp | 2.66 |
| Chewy Inc | 2.64 |
| Resideo Technologies Inc | 2.64 |
| Performance Food Group Co | 2.57 |
| AppLovin Corp | 2.46 |
| Total | 27.48 |
| Total Number of Holdings | 64 |
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.
Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2025. FTSE Russell is a trading name of certain of the LSE Group companies. “Russell®” is a trade mark of the relevant LSE Group companies and is/are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 Mid Cap Composite primarily invests in medium-sized companies. Accounts generally are diversified across several economic sectors and investments are primarily in those companies having market capitalizations within the capitalization range of the Russell Mid Cap Index. Results are calculated in U.S. dollars. The Russell Midcap® Index measures the performance of the mid-cap segment of the U.S. equity universe. 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.
