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Institutional Investor Advisor Individual Investor
Total AUM Avg. PM Years Experience Years Since Inception
- 28 15
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 Multi Cap Growth ESG SMA Composite 8.44 30.00 11.43 12.76 9.97 15.86
Russell 3000 Growth Index 13.49 27.57 21.27 22.30 18.13 19.40
As of September 30 2021

Overview

The Multi Cap Growth ESG Strategy takes a high-conviction approach to growth investing, emphasizing stocks across market capitalizations with positive ESG attributes. As long-term business owners, the portfolio managers expect to hold companies for many years to allow for compounding of earnings and cash flows. 

Strategy Overview All cap growth strategy emphasizing high-quality companies with outstanding ESG characteristics.
Benchmark Russell 3000 Growth Index
Total Strategy AUM -
Holdings Range 35-551
Objective Long-term growth of capital 3

Investment Philosophy

The team believes attractive results may be achieved by investing in large, mid and small-size companies that offer long-term earnings growth prospects.

Meet Our Managers

Evan Bauman

Portfolio Manager
25 Years experience
25 Years at ClearBridge

Richard Freeman

Portfolio Manager
45 Years experience
38 Years at ClearBridge

Aram Green

Portfolio Manager
20 Years experience
15 Years at ClearBridge

Mary Jane McQuillen

ESG Head, Portfolio Manager
25 Years experience
25 Years at ClearBridge

Strategy Facts

Concentrates its investments in sustainable growers in the health care, energy, information technology and media sectors.

The portfolio managers take a contrarian approach to growth, often owning stocks that bear a low correlation to the overall market and other growth Strategies.

Patient approach has resulted in annual portfolio turnover that is among the lowest in its peer group.

Literature & Perspectives

Investment Process

  • Identify dynamic yet undervalued investments across industries, focusing on leading companies with above-average earnings and cash flow growth potential in expanding industries
  • Patiently construct portfolio of established and emerging growth companies across market capitalizations with superior growth potential and sound environmental, social and governance ratings, waiting for attractive entry points to establish positions
  • Own companies for long periods, allowing growth potential to develop and taking advantage of price dislocations to build up position weights over time 

Performance

Integrating ESG factors into a patient, high-conviction approach has led to above-average long-term returns. 

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

YTD 1 Year 3 Years 5 Years 7 Years 10 Years
ClearBridge Multi Cap Growth ESG SMA Composite 8.44 30.00 11.43 12.76 9.97 15.86
Russell 3000 Growth Index 13.49 27.57 21.27 22.30 18.13 19.40

Characteristics

The concentrated Strategy typically holds less than 45 stocks.

Sector Weights1,2

Representative Portfolio Russell 3000 Growth Index
Information Technology 42.66 43.00
Health Care 25.96 10.50
Communication Services 22.14 12.08
Industrials 5.45 6.45
Consumer Discretionary 0.39 18.17
Consumer Staples 0.00 3.81
Financials 0.00 2.67
Real Estate 0.00 1.74
Materials 0.00 1.10
Energy 0.00 0.44
Utilities 0.00 0.04
Cash 3.39 0.00
Portfolio Characteristics1,2
Characteristics Representative Portfolio Russell 3000 Growth Index
P/E Ratio (trailing 12 mos.) 27.5 33.6
P/E Ratio (forward 12 mos.) 19.9 29.2
Price/Book 7.1 12.6
EPS Growth Next 3-5 Years (%) 17.4 20.3
Weighted Median Market Cap ($ bn) 47.0 226.4
Weighted Average Market Cap ($ bn) 99.0 735.3
ROE 5.6 27.9
Dividend Yield 0.9 0.7
Turnover (trailing 12 mos.) 8.2 --
Risk Statistics1
10 Year Risk Statistics Composite Russell 3000 Growth Index
Annualized Returns (10 Years) 15.86 19.40
Standard Deviation (%) 16.36 14.33
Sharpe Ratio 0.95 1.27
Tracking Error (%) 7.88 --
R2 0.77 --
Alpha (%) -2.75 --
Beta 1.00 --
Top 10 Holdings1
Characteristics % of Total Representative Portfolio
UnitedHealth Group Inc 8.89
Twitter Inc 8.56
Broadcom Inc 7.99
Comcast Corp 7.50
Autodesk Inc 6.70
Vertex Pharmaceuticals Inc 5.89
Seagate Technology Holdings PLC 5.01
TE Connectivity Ltd 4.83
Biogen Inc 4.21
Wolfspeed Inc 3.57
Total 63.15
Total Number of Holdings 35
  • 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.

  • 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 Multi Cap Growth ESG SMA portfolios actively integrate criteria inclusive of environmental, social and governance issues into the portfolio construction of ClearBridge Multi Cap Growth. Avoidance screening is applied to investments that derive significant revenues from tobacco, alcohol, gaming, nuclear power and weapons production.  Accounts within the composite seek capital appreciation by investing primarily in common stocks of companies that the manager believes are experiencing or will experience growth. The accounts may invest in the securities of large, medium and small capitalization companies that offer prospects of long-term earnings growth. Results calculated in U.S. dollars.  Pure gross returns shown do not reflect the deduction of "bundled" fees and are presented as supplemental information to net returns.  Historical performance returns prior to January 2006 are presented as non-compliant information. The Russell 3000 Growth Index measures the performance of those Russell 3000 Index 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.