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ClearBridge Appreciation Fund
LMPIX (Mutual Fund)
ClearBridge Appreciation Fund
Name
As of 12/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
23.9%
1 yr return
23.9%
3 Yr Avg Return
8.9%
5 Yr Avg Return
12.8%
Net Assets
$8.81 B
Holdings in Top 10
38.1%
52 WEEK LOW AND HIGH
$35.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.05%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 6.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
LMPIX - Profile
Distributions
- YTD Total Return 23.9%
- 3 Yr Annualized Total Return 8.9%
- 5 Yr Annualized Total Return 12.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.46%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameClearBridge Appreciation Fund
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateDec 29, 2008
-
Shares OutstandingN/A
-
Share ClassF
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott Glasser
Fund Description
The fund invests primarily in equity securities of U.S. companies. The fund typically invests in medium and large capitalization companies, but may also invest in small capitalization companies.
The fund may invest up to 20% of its net assets in the equity securities of foreign issuers.
LMPIX - Performance
Return Ranking - Trailing
| Period | LMPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.9% | -52.9% | 49.2% | 51.70% |
| 1 Yr | 23.9% | -52.7% | 48.3% | 51.12% |
| 3 Yr | 8.9%* | -24.5% | 16.8% | 32.58% |
| 5 Yr | 12.8%* | -10.3% | 109.3% | 57.00% |
| 10 Yr | 11.7%* | -0.6% | 52.7% | 45.20% |
* Annualized
Return Ranking - Calendar
| Period | LMPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.6% | -42.6% | 47.4% | 70.13% |
| 2022 | -19.4% | -56.3% | -4.2% | 27.64% |
| 2021 | 15.9% | -27.2% | 537.8% | 57.96% |
| 2020 | 10.0% | -22.5% | 2181.7% | 60.51% |
| 2019 | 21.0% | -13.5% | 40.4% | 63.54% |
Total Return Ranking - Trailing
| Period | LMPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.9% | -52.9% | 49.2% | 51.70% |
| 1 Yr | 23.9% | -52.7% | 48.3% | 51.12% |
| 3 Yr | 8.9%* | -24.5% | 16.8% | 32.58% |
| 5 Yr | 12.8%* | -10.3% | 109.3% | 57.00% |
| 10 Yr | 11.7%* | -0.6% | 52.7% | 45.20% |
* Annualized
Total Return Ranking - Calendar
| Period | LMPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.3% | -5.0% | 47.4% | 73.96% |
| 2022 | -12.6% | -36.8% | -2.2% | 16.08% |
| 2021 | 23.5% | 3.0% | 537.8% | 83.15% |
| 2020 | 14.4% | -15.8% | 2266.0% | 66.34% |
| 2019 | 29.7% | -0.4% | 241.3% | 52.41% |
NAV & Total Return History
LMPIX - Holdings
Concentration Analysis
| LMPIX | Category Low | Category High | LMPIX % Rank | |
|---|---|---|---|---|
| Net Assets | 8.81 B | 2.34 M | 1.84 T | 17.66% |
| Number of Holdings | 65 | 2 | 3963 | 68.66% |
| Net Assets in Top 10 | 3.36 B | 880 K | 525 B | 19.73% |
| Weighting of Top 10 | 38.10% | 0.3% | 111.6% | 41.97% |
Top 10 Holdings
- MICROSOFT CORP 7.87%
- APPLE INC 5.74%
- NVIDIA Corp 4.58%
- Amazon.com Inc 3.93%
- Berkshire Hathaway Inc 3.26%
- JPMORGAN CHASE CO 2.80%
- VISA INC SHARES 2.74%
- WALMART INC 2.69%
- Meta Platforms Inc 2.26%
- BANK OF AMERICA CORP 2.24%
Asset Allocation
| Weighting | Return Low | Return High | LMPIX % Rank | |
|---|---|---|---|---|
| Stocks | 98.01% | 0.00% | 105.79% | 67.99% |
| Cash | 2.12% | 0.00% | 99.07% | 28.03% |
| Preferred Stocks | 0.00% | 0.00% | 2.15% | 22.39% |
| Other | 0.00% | -13.91% | 100.00% | 47.10% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 18.80% |
| Bonds | 0.00% | 0.00% | 93.85% | 25.37% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LMPIX % Rank | |
|---|---|---|---|---|
| Technology | 21.47% | 0.00% | 48.94% | 68.41% |
| Financial Services | 16.68% | 0.00% | 55.59% | 19.51% |
| Healthcare | 12.42% | 0.00% | 52.29% | 83.28% |
| Communication Services | 10.63% | 0.00% | 27.94% | 13.85% |
| Industrials | 10.51% | 0.00% | 29.90% | 30.83% |
| Consumer Cyclical | 9.01% | 0.00% | 30.33% | 73.31% |
| Consumer Defense | 6.22% | 0.00% | 47.71% | 68.92% |
| Energy | 5.57% | 0.00% | 41.64% | 17.31% |
| Basic Materials | 5.50% | 0.00% | 25.70% | 9.12% |
| Real Estate | 1.27% | 0.00% | 31.91% | 79.48% |
| Utilities | 0.72% | 0.00% | 20.91% | 80.24% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LMPIX % Rank | |
|---|---|---|---|---|
| US | 98.01% | 0.00% | 105.79% | 59.12% |
| Non US | 0.00% | 0.00% | 63.83% | 33.33% |
LMPIX - Expenses
Operational Fees
| LMPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.05% | 0.01% | 19.75% | 32.39% |
| Management Fee | 0.55% | 0.00% | 1.90% | 55.83% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 34.06% |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| LMPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| LMPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| LMPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 6.00% | 0.00% | 268.00% | 15.96% |
LMPIX - Distributions
Dividend Yield Analysis
| LMPIX | Category Low | Category High | LMPIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.41% | 0.00% | 25.47% | 26.52% |
Dividend Distribution Analysis
| LMPIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| LMPIX | Category Low | Category High | LMPIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.46% | -54.00% | 2.44% | 65.00% |
Capital Gain Distribution Analysis
| LMPIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2024 | $0.144 | OrdinaryDividend |
| Dec 12, 2024 | $0.072 | CapitalGainShortTerm |
| Dec 12, 2024 | $2.877 | CapitalGainLongTerm |
| Dec 13, 2023 | $0.181 | OrdinaryDividend |
| Dec 13, 2023 | $0.044 | CapitalGainShortTerm |
| Dec 13, 2023 | $1.035 | CapitalGainLongTerm |
| Dec 13, 2022 | $2.373 | OrdinaryDividend |
| Dec 03, 2021 | $2.124 | OrdinaryDividend |
| Dec 04, 2020 | $1.144 | OrdinaryDividend |
| Dec 05, 2019 | $0.268 | OrdinaryDividend |
| Dec 05, 2019 | $0.023 | CapitalGainShortTerm |
| Dec 05, 2019 | $1.545 | CapitalGainLongTerm |
| Dec 06, 2018 | $1.214 | CapitalGainLongTerm |
| Dec 06, 2018 | $0.219 | OrdinaryDividend |
| Dec 06, 2017 | $1.204 | CapitalGainLongTerm |
| Dec 06, 2017 | $0.226 | OrdinaryDividend |
| Dec 21, 2016 | $0.218 | OrdinaryDividend |
| Dec 07, 2016 | $0.478 | CapitalGainLongTerm |
| Dec 22, 2015 | $0.101 | OrdinaryDividend |
| Dec 09, 2015 | $0.749 | CapitalGainLongTerm |
| Dec 23, 2014 | $0.125 | OrdinaryDividend |
| Dec 10, 2014 | $0.014 | CapitalGainShortTerm |
| Dec 10, 2014 | $0.715 | CapitalGainLongTerm |
| Dec 26, 2013 | $0.177 | OrdinaryDividend |
| Dec 11, 2013 | $0.037 | CapitalGainShortTerm |
| Dec 11, 2013 | $0.705 | CapitalGainLongTerm |
| Dec 27, 2012 | $0.262 | OrdinaryDividend |
| Dec 12, 2012 | $0.047 | CapitalGainLongTerm |
| Dec 28, 2011 | $0.186 | OrdinaryDividend |
| Dec 29, 2010 | $0.185 | OrdinaryDividend |
| Dec 29, 2009 | $0.118 | OrdinaryDividend |
| Jun 10, 2009 | $0.051 | OrdinaryDividend |
| Dec 29, 2008 | $0.123 | OrdinaryDividend |
LMPIX - Fund Manager Analysis
Managers
Scott Glasser
Start Date
Tenure
Tenure Rank
Dec 31, 2001
20.43
20.4%
Scott is Co-Chief Investment Officer and co-manages the Appreciation and Dividend strategies. He has 29 years of investment industry experience and is a member of ClearBridge's Management, Valuation and Risk Management Committees. He previously served as co-director of research for ClearBridge. Prior to joining the firm, Scott was a credit analyst specializing in fixed income investments for Bear Stearns. In 1993, Scott joined the research department of predecessor organization Shearson Lehman Brothers as a consumer analyst and transitioned into a role as a portfolio manager one year later. Scott graduated from Middlebury College in Vermont where he received his BA in Political Science and Spanish. He earned his MBA in Finance from Pennsylvania State University
Michael Kagan
Start Date
Tenure
Tenure Rank
Aug 06, 2009
12.82
12.8%
"Michael manages the Large Cap Core strategy and co-manages the Appreciation strategy. He joined a predecessor organization in 1994 and has 29 years of investment industry experience. Michael is a member of the ClearBridge Management, Proxy and Brokerage Committees. Michael previously was employed as an equity analyst for Zweig Advisors and was portfolio manager of the Fidelity Select Construction and Housing Fund at Fidelity Investments. Michael received his BA in Economics from Harvard College and attended the Massachusetts Institute of Technology Sloan School of Management. "
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.29 | 2.42 |
