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| Total AUM | Avg. PM Years Experience | Years Since Inception |
|---|---|---|
| $1.9B | 29 | 13 |
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| Gross of Fees | 4.26 | 6.24 | 18.22 | 14.48 | 11.12 | 10.67 |
| Net of Fees | 3.68 | 5.45 | 17.35 | 13.63 | 10.25 | 9.77 |
| Dow Jones U.S. Select Dividend Index (Total) | 11.50 | 9.44 | 14.52 | 16.29 | 9.57 | 11.24 |
| 60% Russell 3000 Value/20% Alerian MLP/20% MSCI US REIT (N) Index | 8.90 | 7.30 | 16.60 | 16.47 | 9.18 | 9.60 |
The Tactical Dividend Income Strategy targets high current income and income growth through exposure to high-quality, dividend-paying common stocks as well as MLPs, REITs and convertible securities.
| Strategy Overview | Equity strategy focused on high current income, income growth and capital appreciation |
| Benchmark | Dow Jones U.S. Select Dividend Index (Total) |
| Total Strategy AUM | $1.9B |
| Holdings Range | 50-901 |
| Objective | High current income and long-term capital appreciation3 |
Invest in companies with sound or improving balance sheets, solid returns, and relatively predictable earnings & cash flow streams. Opportunistically utilize equity-related securities in addition to common stocks to supplement yield and provide further diversification.
Targets dividend stocks, Master Limited Partnerships (MLPs) and Real Estate Investment Trusts (REITs) generating yields that compare favorably to bonds with added growth potential.
Combines multiple income-producing asset classes which can improve diversification.
Energy MLPs provide exposure to positive secular trends in the U.S. energy sector.
This Strategy is available in other investment vehicles including the following:
A diversified approach provides a steady income source to support the Strategy's total return.
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| Gross of Fees | 4.26 | 6.24 | 18.22 | 14.48 | 11.12 | 10.67 |
| Net of Fees | 3.68 | 5.45 | 17.35 | 13.63 | 10.25 | 9.77 |
| Dow Jones U.S. Select Dividend Index (Total) | 11.50 | 9.44 | 14.52 | 16.29 | 9.57 | 11.24 |
| 60% Russell 3000 Value/20% Alerian MLP/20% MSCI US REIT (N) Index | 8.90 | 7.30 | 16.60 | 16.47 | 9.18 | 9.60 |
Energy, including MLPs, as well as real estate and financials, account for over half of the portfolio.
| Representative Portfolio | Dow Jones U.S. Select Dividend Index (Total) | 60% Russell 3000 Value/20% Alerian MLP/20% MSCI US REIT (N) Index | |
|---|---|---|---|
| Consumer Discretionary | 1.71 | 7.02 | 4.69 |
| Consumer Staples | 5.81 | 10.74 | 4.38 |
| Energy – incl. MLPs | 11.50 | 5.84 | 22.70 |
| Financials | 17.09 | 26.13 | 13.68 |
| Health Care | 7.06 | 5.15 | 6.96 |
| Industrials | 13.71 | 2.28 | 7.85 |
| Information Technology | 18.68 | 5.17 | 6.22 |
| Materials | 2.00 | 6.28 | 2.50 |
| Communication Services | 6.54 | 5.82 | 4.71 |
| Utilities | 6.17 | 25.56 | 3.66 |
| Cash | 0.80 | 0.00 | 0.00 |
| Real Estate | 8.94 | 0.00 | 22.66 |
| Characteristics | Representative Portfolio | Dow Jones U.S. Select Dividend Index (Total) | 60% Russell 3000 Value/20% Alerian MLP/20% MSCI US REIT (N) Index |
|---|---|---|---|
| P/E Ratio (trailing 12 mos.) | 22.4 | 16.4 | 20.6 |
| P/E Ratio (forward 12 mos.) | 19.6 | 13.5 | 18.4 |
| Price/Book | 3.9 | 2.0 | 3.3 |
| EPS Growth Next 3-5 Years (%) | 10.3 | 7.1 | 9.3 |
| Weighted Median Market Cap ($ bn) | 87.3 | 26.4 | 55.7 |
| Weighted Average Market Cap ($ bn) | 380.4 | 58.9 | 191.3 |
| ROE | 18.0 | 11.9 | 16.0 |
| Dividend Yield | 2.8 | 4.1 | 3.4 |
| Turnover (trailing 12 mos.) | 69.0 | - | - |
| 10 Year Risk Statistics | Composite vs. Dow Jones U.S. Select Dividend Index (Total) | Composite vs. 60% Russell 3000 Value/20% Alerian MLP/20% MSCI US REIT (N) Index | Dow Jones U.S. Select Dividend Index (Total) | 60% Russell 3000 Value/20% Alerian MLP/20% MSCI US REIT (N) Index |
|---|---|---|---|---|
| Standard Deviation (%) | 15.54 | 15.54 | 15.73 | 17.42 |
| Sharpe Ratio | 0.55 | 0.55 | 0.63 | 0.50 |
| Tracking Error (%) | 7.62 | 4.77 | -- | -- |
| R2 | 0.78 | 0.93 | -- | -- |
| Alpha (%) | -0.07 | 1.06 | -- | -- |
| Beta | 0.87 | 0.86 | -- | -- |
| Characteristics | % of Total Representative Portfolio |
|---|---|
| Marvell Technology Inc | 3.78 |
| Boeing Co/The | 2.77 |
| NextEra Energy Inc | 2.65 |
| Oracle Corp | 2.63 |
| Apple Inc | 2.45 |
| PPL Corp | 2.28 |
| JPMorgan Chase & Co | 2.03 |
| Enterprise Products Partners LP | 1.99 |
| Energy Transfer LP | 1.95 |
| AbbVie Inc | 1.89 |
| Total | 24.40 |
| Total Number of Holdings | 80 |
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.
Performance source: Internal. Benchmark source: The Dow Jones U.S. Select Dividend Index consists of approximately 100 of the highest dividend-yielding securities (excluding real estate investment trusts, or REITs) in the Dow Jones U.S. Index, a broad-based index representative of the total market for the United States equity securities.
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 Tactical Dividend Income composite invests primarily in equity and equity-related securities that provide investment income, dividend payments or other distributions or in other investments with similar economic characteristics. Results are calculated in U.S. dollars. The Dow Jones U.S. Select Dividend Index objective is to represent the country's leading stocks by dividend yield. 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.
