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Managed Fund Since 2019
Equity
MEFIX ClearBridge Emerging Markets Fund
Popular Documents
Total Net Assets
$379.69M
As of 02/28/2026 (Updated Monthly)
Fund name change
Overview
Fund Facts
Fund description
Long-term capital appreciation through investments in equity and related securities of emerging market and developing countries such as Asia, the Indian subcontinent, Latin/Central America, the Middle East, Eastern/Central Europe and Africa. A fundamentals-based, high conviction, risk-aware portfolio built for the long-term, with ESG analysis embedded into the investment process.
- Benchmark
- MSCI Emerging Markets Index-NR
- Fund Inception Date
- 05/29/2015
- Dividend Frequency, if any
- Annually
- Portfolio Turnover
- 25%
Identifiers
- Ticker
- MEFIX
- Fund Number
- 7170
- CUSIP Code
- 52471E597
Average Annual Total Returns As of 02/28/2026
Class FI
- 53.12%1 Year
- 18.73%3 Years
- 2.38%5 Years
- 10.58%10 Years
- 7.05%Since Inception
05/29/2015
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 02/28/2026 % of Total (Updated Monthly)
Information Technology40.72% | |
Financials20.25% | |
Consumer Discretionary9.71% | |
Industrials8.95% | |
Communication Services6.63% |
Additional Fund Info
- Share Class Inception Date
- 05/29/2015
- Investment Style
- Growth
- Lipper Classification
- Emerging Markets Funds
- Morningstar Category
6 - Diversified Emerging Markets
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
December 31, 2025- Markets: Emerging markets advanced 4.7% in the fourth quarter to finish the year as one of the best performing global equity asset classes. The benchmark MSCI Emerging Markets Index rose 33.6% for 2025, outpacing the developed market MSCI EAFE Index (+31.2%) and handily outperforming the U.S. S&P 500 Index. (+17.9%). Within the benchmark, performance in the fourth quarter was led by Korea and Taiwan, which offset weakness in China. Korean equities soared 27.3% in the quarter, led by a 50% gain for its information technology (IT) sector, while AI-related momentum helped Taiwanese stocks climb 10.4%.
- Contributors : SK Hynix, Samsung Electronics, Sieyuan Electric, Capitec Bank, Titan.
- Detractors : Alibaba, Tencent, CATL, MercadoLibre, Apollo Hospitals.
- Outlook : We believe the EM market recovery is at an early stage. Valuations are appealing, global macroeconomic drivers are supportive and local structural and company-level opportunities all point toward significant upside potential for the asset class.
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Managed Fund Since 2019
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Managed Fund Since 2015
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Managed Fund Since 2019
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Managed Fund Since 2018
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Managed Fund Since 2019
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Managed Fund Since 2022
Latest ClearBridge Insights
March 12, 2026
March 6, 2026
March 5, 2026
January 20, 2026
January 15, 2026
January 14, 2026
Performance
Calendar Year Returns
As of 02/28/2026
Class FI - With Sales Charge (POP) (%)
Class FI - Without Sales Charge (NAV) (%)
MSCI Emerging Markets Index-NR (%)
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 of02/28/2026 (Updated Monthly)
- Total Net Assets
- $379.69 Million
Positions
As of 02/28/2026 (Updated Monthly)
Number of Holdings
- Fund
- 58
- Benchmark
- 1,195
Portfolio Statistics
As of 02/28/2026 (Updated Monthly)
Price to Earnings (12-Month Forward)
- Fund
- 15.13x
- Benchmark
- 13.90x
- Fund
- $522.16 Billion
- Benchmark
- $384.10 Billion
- Fund
- 22.32x
- Benchmark
- 17.58x
- Fund
- $157.47 Billion
- Benchmark
- $57.81 Billion
- Fund
- 6.41x
- Benchmark
- 4.73x
Sector Allocation
As of 02/28/2026 % of Total (Updated Monthly)
| Sector | % of Total | Benchmark |
|---|---|---|
Information Technology | 40.72% | 33.21% |
Financials | 20.25% | 20.76% |
Consumer Discretionary | 9.71% | 10.36% |
Industrials | 8.95% | 7.26% |
Communication Services | 6.63% | 7.58% |
Materials | 4.21% | 7.45% |
Consumer Staples | 3.47% | 3.36% |
Health Care | 2.66% | 2.88% |
Energy | 1.70% | 3.68% |
Utilities | — | 2.18% |
Real Estate | — | 1.28% |
Cash & Cash Equivalents | 1.70% | — |
Holdings
As of 02/28/2026 (Updated Monthly)
Taiwan Semiconductor Manufacturing Company
Samsung Electronics
SK Hynix Inc.
Tencent Holdings Ltd.
Delta Electronics Inc
HDFC Bank Ltd.
CAPITEC BANK HOLDINGS LTD
Shinhan Financial Group Co Ltd
ICICI Bank Ltd
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..
Distributions & Tax
- Distribution Frequency
- AnnuallyThis 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
12/15/2025
06/12/2025
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 Emerging Markets Fund | |||
| Product Commentary - ClearBridge Emerging Markets Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Martin Currie Emerging Markets Fund - Class FI | |||
| Annual Financial Statements and Other Information - Clearbridge Emerging Markets Fund | |||
| Semi-Annual Report - Clearbridge Emerging Markets Fund - Class FI | |||
| Semi-Annual Financial Statements and Other Information - Clearbridge Emerging Markets Fund | |||
| Prospectus - Clearbridge Emerging Markets Fund | |||
| Summary Prospectus - Clearbridge Emerging Markets Fund | |||
| Statement of Additional Information - Legg Mason Partners Income Trust Book 17 | |||
| Fiscal Q1 Holdings - Clearbridge Emerging Markets Fund | |||
| Fiscal Q3 Holdings - Clearbridge Emerging Markets Fund |
Risks
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. 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 portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the performance and result in greater fluctuation in value. The managers’ environmental, social and governance (ESG) strategies may limit the types and number of investments available and, as a result, may forgo favorable market opportunities or underperform strategies that are not subject to such criteria. There is no guarantee that the strategy's ESG directives will be successful or will result in better performance. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. 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.
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.
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 MSCI Emerging Markets Index is a market capitalization-weighted index that is designed to measure equity market performance in the global emerging markets.
Source: 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.
Net Returns (NR) include income net of tax withholding when dividends are paid.