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Managed Fund Since 2012
Equity
LCSSX ClearBridge Select Fund
Popular Documents
Total Net Assets
$3.51B
As of 12/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
Seeks long-term growth of capital as it takes an unconstrained approach to investing with an emphasis on equity securities. Invests primarily in equity and equity-related securities of all market capitalizations; may also invest in non-U.S. markets and make opportunistic investments in fixed-income securities. Uses a bottom-up, benchmark agnostic approach to identify companies with strong growth prospects and/or attractive valuations.
- Benchmark
- Russell 3000 Index
- Fund Inception Date
- 11/30/2012
- Dividend Frequency, if any
- Annually
- Portfolio Turnover
- 17%
Identifiers
- Ticker
- LCSSX
- Fund Number
- 7083
- CUSIP Code
- 52467P473
Average Annual Total Returns As of 11/30/2025
Class IS
- 1.84%1 Year
- 15.70%3 Years
- 6.48%5 Years
- 15.65%10 Years
- 16.61%Since Inception
11/30/2012
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 12/31/2025 Equity as a % of Total (Updated Monthly)
Information Technology35.84% | |
Industrials14.82% | |
Health Care11.62% | |
Consumer Discretionary9.02% | |
Consumer Staples7.19% |
Additional Fund Info
- Share Class Inception Date
- 11/30/2012
- Investment Style
- Growth
- Lipper Classification
- Multi-Cap Growth Funds
- Morningstar Category
6 - Mid-Cap Growth
Manager and Commentary
About the Team
ClearBridge Investments
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
September 30, 2025- Markets: U.S. equities continued their upward momentum, with the benchmark Russell 3000 Index up 8.2% and the Russell 2500 Growth Index, home to many of the small and mid cap companies we target in the Fund, higher by 10.7%. Investor optimism was fueled by better-than-feared tariff outcomes, the passing of the One Big Beautiful Bill Act, a Fed rate cut and robust corporate earnings.
- Contributors: Holdings in Performance Food Group, Reddit, AppLovin and L3Harris Technologies. Stock selection in consumer staples and communication services.
- Detractors: Holdings in MercadoLibre, Shift4 Payments and ServiceNow. Stock selection in consumer discretionary and financials.
- Outlook: The long anticipated broadening of market leadership showed signs of progress in the third quarter with the small cap Russell 2000 Index the best performer, meaningfully ahead of larger cap indexes. In addition, the earnings per share growth of small and mid caps continues to improve.
Latest ClearBridge Insights
January 9, 2026
December 18, 2025
December 12, 2025
December 12, 2025
Performance
Average Annual Total Returns
As of 11/30/2025
Selected Month November 2025
Class IS - With Sales Charge (POP) (%)
Month End
As of 11/30/2025
Class IS - Without Sales Charge (NAV) (%)
Month End
As of 11/30/2025
Russell 3000 Index (%)
Month End
As of 11/30/2025
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 of12/31/2025 (Updated Monthly)
- Total Net Assets
- $3.51 Billion
Positions
As of 12/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 86
- Benchmark
- 2,966
Portfolio Statistics
As of 12/31/2025 (Updated Monthly)
Price to Book
- Fund
- 10.28x
- Benchmark
- 5.73x
- Fund
- $810.00 Billion
- Benchmark
- $1,200.25 Billion
- Fund
- 38.42x
- Benchmark
- 26.71x
- Fund
- $51.44 Billion
- Benchmark
- $276.88 Billion
- Fund
- 30.13x
- Benchmark
- 23.82x
Market Capitalization Allocation 8
As of 12/31/2025 % of Equity (Updated Monthly)
| Market Capitalization | Fund |
|---|---|
| <10 Billion | 13.64% |
| 10-50 Billion | 34.79% |
| 50-250 Billion | 33.06% |
| >500 Billion | 18.50% |
Holdings
As of 11/30/2025 (Updated Monthly)
NVIDIA Corp.
Microsoft Corp
Apple Inc.
MercadoLibre Inc.
Casey's General Stores, Inc.
AppLovin Corp
ServiceNow Inc
Performance Food Group Co.
Shopify Inc.
L3Harris Technologies Inc.
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
Federal ID Number 461050694
For information on tax years prior to 2008, please contact us2025 tax information will be available in early February
These amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Data not currently available.
Pricing
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - ClearBridge Select Fund | |||
| Product Commentary - ClearBridge Select Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - ClearBridge Select Fund - Class IS | |||
| Annual Financial Statements and Other Information - ClearBridge Select Fund | |||
| Semi-Annual Report - ClearBridge Select Fund Class IS | |||
| Semiannual Financial Statements and Other Information - ClearBridge Select Fund | |||
| Prospectus - ClearBridge Select Fund | |||
| Summary Prospectus - ClearBridge Select Fund | |||
| Statement of Additional Information - Legg Mason Partners Investment Trust Book 24 | |||
| Fiscal Q1 Holdings - ClearBridge Select Fund | |||
| Fiscal Q3 Holdings - ClearBridge Select 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. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the fund's performance and result in greater fluctuation in the value of the fund's shares. 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.
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 Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization.
Source: FTSE.