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Managed Fund Since 2012
Equity
LMPLX ClearBridge Large Cap Growth Fund
- Industry dominance. The fund primarily invests in established, large-cap companies with a history of dominance in their industry.
- Diversified, long-term capital growth. The fund focuses on long-term capital growth through a well diversified portfolio which helps mitigate risk.
- Emphasis on security selection. A bottom-up analysis identifies companies with the potential to grow market share and earnings.
Popular Documents
Proposed changes and shareholder proxy
Overview
Fund Facts
Fund description
Seeks to invest primarily in established, large-cap companies with a long-term history of performance that are dominant in their industries. Seeks long-term capital growth in a portfolio that is diversified to help manage risk. Emphasizes security selection and fundamental, bottom-up analysis to identify companies with the potential to grow market share and earnings in the U.S. and overseas.
- Benchmark
- Russell 1000 Growth Index
- Fund Inception Date
- 08/29/1997
- Dividend Frequency, if any
- Annually
- Portfolio Turnover
- 22%
Identifiers
- Ticker
- LMPLX
- Fund Number
- 7904
- CUSIP Code
- 52469H693
Average Annual Total Returns As of 03/31/2026
Class R
- 5.72%1 Year
- 15.50%3 Years
- 7.71%5 Years
- 12.75%10 Years
- 10.19%Since Inception
12/28/2006
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 03/31/2026 Equity as a % of Total (Updated Monthly)
Information Technology43.03% | |
Communication Services14.12% | |
Consumer Discretionary11.88% | |
Industrials10.26% | |
Health Care8.85% |
Additional Fund Info
- Share Class Inception Date
- 12/28/2006
- Investment Style
- Growth
- Lipper Classification
- Large-Cap Growth Funds
- Morningstar Category
5 - Large Growth
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: Growth stock momentum saw a reversal in the fourth quarter as concerns over elevated technology company valuations and aggressive artificial intelligence (AI) capex commitments caused the benchmark Russell 1000 Growth Index (RLG) to advance just 1.1%, trailing the Russell 1000 Value Index by 270 basis points. For the full year, however, large cap growth stocks maintained market leadership due to positive AI sentiment and continued strong earnings growth from mega cap companies, enabling the RLG to finish up 18.6%.
- Contributors : Intuitive Surgical, Thermo Fisher Scientific, Vertex Pharmaceuticals and ASML. Stock selection in consumer discretionary.
- Detractors : Netflix, Eaton, Meta Platforms, underweight to Alphabet and not holding Eli Lilly. Stock selection in communication services and information technology (IT).
- Outlook: We believe resurgent growth in the economy ex-tech in 2026 from fiscal stimulus and easing monetary policy should support broadening participation within our growth universe.
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Managed Fund Since 2024
Latest ClearBridge Insights
April 7, 2026
March 25, 2026
Performance
Calendar Year Returns
As of 03/31/2026
Class R - With Sales Charge (POP) (%)
Class R - Without Sales Charge (NAV) (%)
Russell 1000 Growth 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
©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 of03/31/2026 (Updated Monthly)
- Total Net Assets
- $9.69 Billion
Positions
As of 03/31/2026 (Updated Monthly)
Number of Holdings
- Fund
- 43
- Benchmark
- 387
Portfolio Statistics
As of 03/31/2026 (Updated Monthly)
Price to Earnings (12-Month Forward)
- Fund
- 25.00x
- Benchmark
- 25.33x
- Fund
- $508.67 Billion
- Benchmark
- $1,394.43 Billion
- Fund
- $1,451.95 Billion
- Benchmark
- $1,758.21 Billion
- Fund
- 12.08x
- Benchmark
- 17.94x
- Fund
- 22.00%
- Benchmark
- —
- Fund
- 32.32x
- Benchmark
- 33.01x
Asset Allocation
As of 01/31/2026 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Equity | 98.36% |
Bond | 0.82% |
Cash | 0.82% |
Holdings
As of 02/28/2026 (Updated Monthly)
NVIDIA Corp.
Amazon.Com, Inc.
Meta Platforms Inc. (FB)
Apple Inc.
Microsoft Corp
Netflix Inc
Visa Inc
Alphabet Inc. Class A
Taiwan Semiconductor-Sp
Intuitive Surgical 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..
For the latest updates on portfolio holdings, if any, please refer to the Documents section below.
Distributions & Tax
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- June, 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
12/10/2025
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 Large Cap Growth Fund | |||
| Product Commentary - ClearBridge Large Cap Growth Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - ClearBridge Large Cap Growth Fund - Class R | |||
| Annual Financial Statements and Other Information - ClearBridge Large Cap Growth Fund | |||
| Semi-Annual Report - ClearBridge Large Cap Growth Fund - Class R | |||
| Semi-Annual Financial Statements and Other Information - ClearBridge Large Cap Growth Fund | |||
| Prospectus - ClearBridge Large Cap Growth Fund | |||
| Summary Prospectus - ClearBridge Large Cap Growth Fund | |||
| Statement of Additional Information - ClearBridge Large Cap Growth Fund | |||
| Fiscal Q1 Holdings - ClearBridge Large Cap Growth Fund | |||
| Fiscal Q3 Holdings - ClearBridge Large Cap Growth Fund |
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. The investment style may become out of favor, which may have a negative impact on performance. Diversification does not guarantee a profit or protect against a loss. Active management does not ensure gains or protect against market declines. 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.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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 Russell 1000 Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe.
Source: FTSE.