LCSTX ClearBridge Sustainability Leaders Fund
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Overview
Fund Facts
Fund description
Invests in the equity securities of companies that meet the managers' financial and sustainability/environmental, social and governance (ESG) criteria, or that the managers believe are making substantial progress toward becoming a leader in sustainability and ESG policies, with the goal of achieving long-term capital growth. The managers take a broad view of sustainability, including companies that practice environmental stewardship, treat their employees fairly, manage its supply chain responsibly and employ corporate governance practices that are transparent and shareholder-friendly. ClearBridge may also invest in companies that offer product and services that have a positive impact on society, and looks for companies that go beyond doing relatively less harm but also offer solutions to address the negative impact of less responsible companies. ClearBridge brings over 30 years of ESG investing experience to the Fund, resulting in ESG analysis that is fully integrated into the overall security selection research. In addition, shareholder engagement is an integral part of the leadership review; the managers intend to directly engage with management to seek to improve in certain areas as identified by them.
- Benchmark
- Russell 3000 Index
- Fund Inception Date
- 03/31/2015
- Dividend Frequency, if any
- Annually
- Portfolio Turnover
- 44%
Sales Charges, Expenses & Fees
- Gross Expense Ratio
- 1.27%
- Net Expense Ratio
- 1.20%
- Maximum Initial Charge
- —
- CDSC
- N/A
- 12b-1 Fee
- 0.25%
Identifiers
- Ticker
- LCSTX
- Fund Number
- 7165
- CUSIP Code
- 52469C603
Average Annual Total Returns As of 05/31/2026
Class FI
- 21.18%1 Year
- 15.41%3 Years
- 7.62%5 Years
- 13.79%10 Years
- 12.08%Since Inception
03/31/2015
Top Sectors
As of 05/31/2026 % of Total (Updated Monthly)
Information Technology35.34% | |
Industrials11.37% | |
Financials11.09% | |
Health Care9.42% | |
Consumer Discretionary9.07% |
Additional Fund Info
- Share Class Inception Date
- 03/31/2015
- Investment Style
- Multi Cap
- Lipper Classification
- Multi-Cap Core Funds
- Morningstar Category
- Large Blend
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: Most major equity indexes declined in the first quarter as concerns over rising AI capex at hyperscalers, inklings of AI disruption in software, stress in private credit and a shock to energy prices from the war in the Middle East outweighed a nascent rally for cyclical stocks. The Russell 3000 Index fell 4.0%, with a rotation in leadership dragging the information technology (IT) sector down 9.1% while the energy sector rallied 38.4%.
- Contributors: Stock selection in health care, industrials and real estate and overweights to materials and industrials proved beneficial.
- Detractors: Stock selection in the IT sector and a lack of energy (oil and gas) holdings detracted.
- Outlook: We favor physical assets and remain overweight industrials and materials, where we see compelling opportunities driven by secular tailwinds such as the buildout of data center and electricity infrastructure, US reshoring trends and lower AI disruption risk.
Latest ClearBridge Insights
June 11, 2026
June 10, 2026
June 3, 2026