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Managed Fund Since 2012
Equity
CFLGX ClearBridge Tactical Dividend Income Fund
Popular Documents
Total Net Assets
$354.60M
As of 10/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
Seeks to invest in a diverse set of income-producing equity and equity-related securities including dividend-paying stocks, MLPs and REITs. Seeks to provide high current income while retaining the potential for income growth and capital appreciation. Utilizes the expertise of an active, experienced, equity-income focused investment team.
- Benchmark
- Dow Jones U.S. Select Dividend Index
- Additional Benchmark
- Composite Benchmark
- Fund Inception Date
- 10/19/1990
- Dividend Frequency, if any
- Quarterly
Identifiers
- Ticker
- CFLGX
- Fund Number
- 7405
- CUSIP Code
- 52469H545
Average Annual Total Returns As of 10/31/2025
Class A
- -0.68%1 Year
- 11.48%3 Years
- 12.53%5 Years
- 8.24%10 Years
- 7.04%Since Inception
10/19/1990
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 10/31/2025 Equity as a % of Total (Updated Monthly)
Additional Fund Info
- Share Class Inception Date
- 10/19/1990
- Investment Style
- Mid Cap
- Lipper Classification
- Equity Income Funds
- Morningstar Category
- Large Value
Manager and Commentary
About the Team
ClearBridge Investments
ClearBridge Investments is a well-established global investment manager focusing on proprietary research and fundamental investing. With over 60 years of experience building portfolios for clients seeking income solutions, high active share or low-volatility, long-tenured portfolio managers provide strong leadership in a centralized investment structure.
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Managed Fund Since 2022
Latest ClearBridge Insights
November 3, 2025
October 20, 2025
October 10, 2025
September 18, 2025
Performance
Calendar Year Returns
As of 10/31/2025
Class A - With Sales Charge (POP) (%)
Class A - Without Sales Charge (NAV) (%)
Dow Jones U.S. Select Dividend Index (%)
Composite Benchmark (%)
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 3
©2025 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 of10/31/2025 (Updated Monthly)
- Total Net Assets
- $354.60 Million
Positions
As of 10/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 74
- Benchmark
- 100
Portfolio Statistics
As of 10/31/2025 (Updated Monthly)
Price to Earnings (12-Month Trailing)
- Fund
- 24.20x
- Benchmark
- 15.33x
- Fund
- $429.20 Billion
- Benchmark
- $58.61 Billion
- Fund
- 20.32x
- Benchmark
- 13.14x
- Fund
- 5.77x
- Benchmark
- 1.83x
- Fund
- $83.31 Billion
- Benchmark
- $26.47 Billion
Market Capitalization Allocation
As of 10/31/2025 % of Equity (Updated Monthly)
| Market Capitalization | Fund |
|---|---|
| <10 Billion | 13.36% |
| 10-50 Billion | 13.50% |
| 50-250 Billion | 48.09% |
| 250-500 Billion | 7.49% |
| >500 Billion | 17.55% |
Holdings
As of 10/31/2025 (Updated Monthly)
Marvell Technology Inc.
NextEra Energy, Inc.
Apple Inc.
Oracle Corporation
PPL Corporation
JPMORGAN 100% US TREASURY SECU
WA Premier Institutional U.S. Treasury Reserves
Alphabet Inc. Class A
Plains GP Holdings LP
Broadcom Inc.
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.
Distributions & Tax
- Distribution Frequency
- QuarterlyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Rates and Yields
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
12/18/2025
09/29/2025
06/27/2025
03/28/2025
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 Tactical Dividend Income Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - ClearBridge Tactical Dividend Income Fund - Class A | |||
| Annual Financial Statements and Other Information - ClearBridge Tactical Dividend Income Fund | |||
| Semi-Annual Report - ClearBridge Tactical Dividend Income Fund Class A | |||
| Semiannual Financial Statements and Other Information - ClearBridge Tactical Dividend Income Fund | |||
| Prospectus - ClearBridge Tactical Dividend Income Fund | |||
| Summary Prospectus - ClearBridge Tactical Dividend Income Fund | |||
| Statement of Additional Information - Legg Mason Partners Investment Trust Book 24 | |||
| Fiscal Q1 Holdings - ClearBridge Tactical Dividend Income Fund | |||
| Fiscal Q3 Holdings - ClearBridge Tactical Dividend Income Fund |
Additional Resources
| Name | Download | Add to Cart | |
|---|---|---|---|
| CFLGX-section-19-notice-6-30-2025 | |||
| Section 19 Notice - ClearBridge Tactical Dividend - A Class (March 2024) | |||
| Section 19 Notice - ClearBridge Tactical Dividend - A Class (March 2025) | |||
| Section 19 Notice - ClearBridge Tactical Dividend - Class A (December 2023) | |||
| Section 19 Notice - ClearBridge Tactical Dividend - Class A (June-2023) | |||
| Section 19 Notice - ClearBridge Tactical Dividend - Class A (September-2023) | |||
| Section 19 Notice - ClearBridge Tactical Dividend Income Fund- A Class (December 2024) | |||
| Section 19 Notice - ClearBridge Tactical Dividend Income Fund- A Class (June 2024) | |||
| Section 19 Notice - ClearBridge Tactical Dividend Income Fund- A Class (September 2024) | |||
| Section 19 Notice - ClearBridge Tactical Dividend Income Fund- A Class (September 2025) |
Risks
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. 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. Real estate investment trusts (REITs) are closely linked to the performance of the real estate markets. REITs are subject to illiquidity, credit and interest rate risks, and risks associated with small- and mid-cap investments. Investments in energy-related master limited partnerships and midstream entities are subject to risks of declines in energy and commodity prices, decreases in energy demand, adverse weather conditions, natural or other disasters, changes in government regulation, and changes in tax laws. Dividends may fluctuate and are not guaranteed, and a company may reduce or eliminate its dividend at any time. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. 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. 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
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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.
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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.
The Dow Jones U.S. Select Dividend Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts, REITs) in the Dow Jones U.S. Index, a broad-based index representative of the total market for U.S. equity securities.
Source: ©S&P Dow Jones Indices LLC. All rights reserved.
The Composite Benchmark is a representation of the performance of the major asset classes in which the fund may typically invest, consisting of 60% Russell 3000 Value Index, 20% Alerian MLP Index and 20% MSCI US REIT Index.
The Russell 3000 Value Index measures the performance of the broad value segment of the U.S. equity value universe. The Alerian MLP Index is a composite of the 50 most prominent energy master limited partnerships (MLPs). The MSCI US REIT Index is comprised of U.S. large-, mid- and small-cap REITs.
Source: FTSE. Alerian. MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
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.