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Managed Fund Since 2023
Equity
LCBVX ClearBridge Large Cap Value Fund
Popular Documents
Overview
Fund Facts
Fund description
Seeks to invest primarily in established, large-cap companies with strong franchises and favorable valuations. Seeks long-term capital growth with current income as a secondary consideration. Looks for a combination of stocks with favorable valuations with the potential to generate superior returns across a range of market scenarios.
- Benchmark
- Russell 1000 Value Index
- Additional Benchmark
- S&P 500 Index
- Fund Inception Date
- 12/31/1988
- Dividend Frequency, if any
- Quarterly
- Portfolio Turnover
- 18%
Identifiers
- Ticker
- LCBVX
- Fund Number
- 7090
- CUSIP Code
- 52471R788
Average Annual Total Returns As of 04/30/2026
Class R
- 23.92%1 Year
- 13.05%3 Years
- 8.19%5 Years
- 9.84%10 Years
- 9.01%Since Inception
12/19/2013
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 04/30/2026 % of Total (Updated Monthly)
Financials20.47% | |
Health Care16.35% | |
Information Technology13.58% | |
Industrials13.28% | |
Energy7.73% |
Additional Fund Info
- Share Class Inception Date
- 12/19/2013
- Investment Style
- Value
- Lipper Classification
- Large-Cap Value Funds
- Morningstar Category
5 - Large Value
Manager and Commentary
About the Team
ClearBridge Investments is an active equity manager offering a broad range of strategies across global developed and emerging markets, local markets, and income. ClearBridge manages diversified, high-conviction portfolios through collaborative fundamental research to meet the needs of some of the world's largest asset owners and financial intermediary platforms. We invest as long-term, risk-aware business owners and seek to deliver consistency of process and performance for our clients through market cycles. A focus on durability drives everything we do; from the business models of the companies we own, to the holding periods of our portfolios, to the stability and longevity of our investment professionals.
Commentary Highlights
March 31, 2026- Markets: Value stocks offered a rare bright spot in the first quarter of 2026 as market leadership rotated away from a narrow set of mega cap growth leaders and toward a broader set of companies, including value-oriented and more cyclical areas of the market. Energy companies surged as the U.S.-Iran conflict pushed up oil prices, while materials, industrials, utilities and consumer staples benefited from different combinations of geopolitical supply concerns, AI-related infrastructure demand and a rotation into defensive areas after extended underperformance. Financials and consumer discretionary, meanwhile, lagged as persistent inflation and higher fuel costs weighed on expectations for economic activity, including capital markets, credit, travel and housing.
- Contributors: Stock selection in industrials and health care and overweights to energy and materials proved beneficial.
- Detractors: Stock selection in the materials and communication services sectors, a health care overweight and consumer staples underweight detracted from relative results.
- Outlook: A core tenet of the Fund is that we largely avoid making top-down bets or try to time macro events; we focus on high-quality businesses with durable competitive advantages and reasonable valuations that can drive superior returns throughout the cycle.
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Managed Fund Since 2007
Latest ClearBridge Insights
May 6, 2026
April 14, 2026
April 7, 2026
Performance
Calendar Year Returns
As of 04/30/2026
Class R - With Sales Charge (POP) (%)
Class R - Without Sales Charge (NAV) (%)
Russell 1000 Value Index (%)
S&P 500 Index (%)
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 7
©2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of04/30/2026 (Updated Monthly)
- Total Net Assets
- $2.38 Billion
Positions
As of 04/30/2026 (Updated Monthly)
Number of Holdings
- Fund
- 55
Portfolio Statistics
As of 04/30/2026 (Updated Monthly)
Median Market Cap (USD)
- Fund
- $177.99 Billion
- Fund
- 20.02x
- Fund
- $492.96 Billion
- Fund
- 5.07x
- Fund
- 23.55x
Asset Allocation
As of 04/30/2026 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Equity | 98.02% |
Cash & Cash Equivalents | 1.98% |
Holdings
As of 04/30/2026 (Updated Monthly)
JPMorgan Chase & Co.
Johnson & Johnson
Alphabet Inc. Class A
Intel Corporation
XPO Logistics Inc.
Microchip Technology Inc.
Air Products and Chemicals, Inc.
PARKER HANNIFIN CORP
Broadcom Inc.
Taiwan Semiconductor-Sp
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
For the latest updates on portfolio holdings, if any, please refer to the Documents section below.
Distributions & Tax
- Distribution Frequency
- QuarterlyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
03/30/2026
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Pricing
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - ClearBridge Large Cap Value Fund | |||
| Product Commentary - ClearBridge Large Cap Value Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - ClearBridge Large Cap Value Fund - Class R | |||
| Annual Financial Statements and Other Information - ClearBridge Large Cap Value Fund | |||
| Semi-Annual Report - ClearBridge Large Cap Value Fund Class R | |||
| Semiannual Financial Statements and Other Information - ClearBridge Large Cap Value Fund | |||
| Prospectus - ClearBridge Large Cap Value Fund | |||
| Summary Prospectus - ClearBridge Large Cap Value Fund | |||
| Statement of Additional Information - Legg Mason Partners Investment Trust Book 24 | |||
| Fiscal Q1 Holdings - ClearBridge Large Cap Value Fund | |||
| Fiscal Q3 Holdings - ClearBridge Large Cap Value Fund |
Risks
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Short selling is a speculative strategy. Unlike the possible loss on a security that is purchased, there is no limit on the amount of loss on an appreciating security that is sold short. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. The investment style may become out of favor, which may have a negative impact on performance. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.
Important Information
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
The Russell 1000 Value Index measures the performance of the large-cap value segment of the U.S. equity universe.
Source: FTSE.
The S&P 500 Index features 500 leading U.S. publicly traded companies, with a primary emphasis on market capitalization.
Source: © S&P Dow Jones Indices LLC. All rights reserved.