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Equity

ClearBridge Appreciation Portfolios

Year to Date Returns (Net)
-4.13%
As of 03/31/2026
Year to Date Returns (Pure Gross)
-3.64%

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ClearBridge Appreciation Portfolios

  • Overview
  • Performance
  • Portfolio
  • Documents
Skipped to Overview Section Content

Overview

See additional performance disclosures in the performance section.

Product Facts

Benchmark
S&P 500 Index
Inception Date
02/28/2003
Asset Class
Equity
Number of IssuersAs of 03/31/2026 (Updated Quarterly)
57

Average Annual Total Returns As of 03/31/2026

View performance section for additional info As of 03/31/2026
  • 12.18%1 Year
  • 12.64%3 Years
  • 7.82%5 Years
  • 9.11%10 Years
  • 8.49%Since Inception
    02/28/2003

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

Portfolio breakdown percentages may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or other factors.

View portfolio section for additional info

As of 03/31/2026 % of Total (Updated Quarterly)

Top Sectors
Information Technology25.87%
Communication Services14.90%
Financials12.18%
Industrials11.53%
Health Care8.40%

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.

ClearBridge Investments logo
[Michael Kagans avatar]

Managed Strategy Since 2003

[Stephen Rigos avatar]

Managed Strategy Since 2016

Portfolio Manager Profile
Years of Experience
Manager Location

Latest ClearBridge Insights

May 6, 2026

AOR Update: Mailbag edition

April 14, 2026

AOR Update (Podcast): Conflict, volatility and opportunity

April 9, 2026

Inflation and higher rates: What they mean for infrastructure

April 7, 2026

The Long View: Climbing the wall
[products.skip-performance]

Performance

Average Annual Total Returns

As of 03/31/2026

Choose Month

2026

Use arrow keys to navigate calendar. Press Enter to select a date.
2026
Selected Month March 2026

Chart

Bar chart with 3 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 7.82 to 18.32.
Created with Highcharts 11.4.8051015201 Year3 Years5 Years7 Years10 Years15 Years20 YearsSince​Inception
End of interactive chart.
ClearBridge Appreciation Portfolios - Net (%)
Month End
As of 03/31/2026
ClearBridge Appreciation Portfolios - Pure Gross (%)
Month End
As of 03/31/2026
S&P 500 Index (%)
Month End
As of 03/31/2026

Past performance is no guarantee of future results. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.

Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.

Fees: Returns for periods less than one year are not annualized. Pure Gross of fee returns do not reflect the deduction of any expenses, including transaction costs. Net composite returns referenced above represent Pure Gross composite performance of the portfolio reduced by an annual fee of 2.02%, the maximum fee charged by Primerica Advisors to clients invested in the strategy through the Lifetime Investment Platform wrap fee program. The Net of fee composite returns presented in the strategy GIPS Report are calculated by reducing each monthly composite pure gross rate of return by the highest "bundled" fee charged (3.00%) annually, prorated to a monthly ratio. 
Returns reflect the reinvestment of dividends and other earnings. All performance is reported in US dollars. Returns for periods less than one year are not annualized.

For Primerica Lifetime Investment Program accounts, Clearbridge Investments, LLC ("ClearBridge"), through Franklin Templeton Private Portfolio Group, LLC (FTPPG), will provide a model portfolio for the ClearBridge Large Cap Growth investment strategy to PFS Investments, Inc. ("Primerica Advisors"). Clearbridge and FTPPG anticipate that Primerica Advisors will generally follow the model in managing client accounts. However, Primerica Advisors, not Clearbridge or FTPPG, has investment authority and discretion over client accounts on the Lifetime Investment Program. Accounts managed by Primerica Advisors through the Lifetime Investment Platform, utilizing the model will experience performance results different from the performance results of accounts managed by ClearBridge and FTPPG on a discretionary basis outside of the platform due to the fees charged by Primerica Advisors, and due to Primerica Advisors' management of its program and each client's account under the program. 

To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) 822-8464. ClearBridge Investments, LLC claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

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Portfolio

Positions

As of 03/31/2026 (Updated Quarterly)

Number of Issuers
Portfolio
57
Benchmark

S&P 500 Index

503

Portfolio Statistics

As of 03/31/2026 (Updated Quarterly)

Price to Book

The price per share of a stock divided by its book value (i.e., net worth) per share. For a portfolio, the ratio is the weighted average price/book ratio of the stocks it holds.

Portfolio
8.03x
Benchmark

S&P 500 Index

7.24x
Dividend Yield 1
Portfolio
1.04%
Benchmark

S&P 500 Index

1.21%
Price to Earnings (12-Month Forward)

A measure of the price to earnings ratio for a stock using the forecasted earnings for the next 12 months. For a portfolio, the value represents a weighted average of the stocks it holds.

Portfolio
23.07x
Benchmark

S&P 500 Index

20.81x
Estimated 3-5 Year EPS Growth

An estimated measure of the growth of earnings per share over a forward-looking period. For a portfolio, the value represents a weighted average of the stocks it holds.

Portfolio
13.38%
Benchmark

S&P 500 Index

13.87%
Median Market Cap (USD)

The weighted median is calculated by first ranking all of the companies in the specified universe in ascending order based on the specified formula. All of the weights for the companies are summed. Then, the function steps through the sorted list while keeping a running total of the weights. The value returned by the function as the weighted median value is that belonging to the company straddling the 50% barrier.

Portfolio
$588.60 Billion
Benchmark

S&P 500 Index

$331.59 Billion
Weighted Average Market Capitalization (USD)

A determination of a company's value, calculated by multiplying the total number of company stock shares outstanding by the price per share. For a portfolio, the value represents a weighted average based on the stocks held.

Portfolio
$1,207.47 Billion
Benchmark

S&P 500 Index

$1,169.54 Billion

Sector Allocation

As of 03/31/2026 % of Total (Updated Quarterly)

Sector Allocation
Sector % of Total
Benchmark

S&P 500 Index

Information Technology
25.87%32.91%
Communication Services
14.90%10.29%
Financials
12.18%12.60%
Industrials
11.53%9.02%
Health Care
8.40%9.47%
Consumer Discretionary
5.86%9.87%
Consumer Staples
5.55%5.25%
Materials
5.20%2.09%
Energy
4.40%4.01%
Utilities
1.96%2.54%
Real Estate
0.75%1.95%
Cash & Cash Equivalents
3.40%—

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 0 to 32.90986.
Created with Highcharts 11.4.80%10%20%30%40%Information​TechnologyCommunication​ServicesFinancialsIndustrialsHealth CareConsumer​DiscretionaryConsumer StaplesMaterialsEnergyUtilitiesReal EstateCash & Cash​Equivalents
End of interactive chart.

Holdings

As of 03/31/2026 (Updated Quarterly)

NVIDIA Corp
Alphabet Inc
Microsoft Corp
Apple Inc
Netflix Inc
Meta Platforms Inc
Amazon.​com Inc
Broadcom Inc
JPMorgan Chase & Co
ASML Holding NV
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Documents

[Documents not Available]

Important Information

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares. Returns reflect reinvestment of dividends and capital gains. Performance figures for periods shorter than one year represent cumulative figures and are not annualized. All performance is reported in US dollars.

Franklin Templeton claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

Separately Managed Accounts (SMAs) are investment services provided by Franklin Templeton Private Portfolio Group, LLC (FTPPG), a federally registered investment advisor. Client portfolios are managed based on investment instructions or advice provided by affiliated subadvisors of Franklin Templeton. Management is implemented by FTPPG, the designated subadvisor or, in the case of certain programs, the program sponsor or its designee. 

You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.

Franklin Templeton (FT) is not undertaking to provide impartial advice. Nothing herein is intended to provide fiduciary advice. FT has a financial interest.

Important data provider notices and terms available at www.franklintempletondatasources.com.

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 S&P 500 Index features 500 leading U.S. publicly traded companies, with a primary emphasis on market capitalization.
Source: © S&P Dow Jones Indices LLC. All rights reserved.

All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.

Footnotes

  1. Dividend yield is calculated without the deduction of fees and expenses. 

  2. Capitalization Rate is calculated without the deduction of fees and expenses.

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