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Managed Strategy Since 1994
Equity
ClearBridge International Value ADR Portfolios
Popular Documents
Year to Date Returns (Net)
-3.86%
As of 03/31/2026
Year to Date Returns (Pure Gross)
-3.13%
Overview
Product Facts
Strategy Description
The ClearBridge International Value ADR Portfolios seek to provide a value-based, international equity strategy that will outperform the MSCI EAFE (Net) Index USD over 3-5 years, with risk similar to these indices. Investments are made from the universe of non-U.S. companies, including emerging markets, with publicly traded ADR securities listed on the major U.S. exchanges and that have market capitalizations of greater than $100 million.
- Benchmark
- MSCI EAFE Index-NR
- Additional Benchmark
- MSCI EAFE Value Index-NR
- Inception Date
- 09/30/1994
- Asset Class
- Equity
- Number of Issuers
As of 04/30/2026 (Updated Quarterly) - 65
Average Annual Total Returns As of 03/31/2026
- 17.25%1 Year
- 9.28%3 Years
- 6.38%5 Years
- 5.04%10 Years
- 4.02%Since Inception
09/30/1994
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 % of Total (Updated Quarterly)
Financials25.78% | |
Industrials21.40% | |
Materials8.48% | |
Consumer Discretionary7.81% | |
Consumer Staples7.07% |
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: International stocks entered 2026 with a constructive backdrop but were caught up in an equity pullback following the outbreak of the Iran conflict. Despite this, international markets proved more resilient than their U.S. counterparts. The core MSCI EAFE Index declined 1.2% for the quarter compared to a 4.3% decline for the S&P 500. Value stocks outperformed meaningfully, as the MSCI EAFE Value Index returned 2.0%, while the MSCI EAFE Growth Index declined 4.7% as higher rates and concerns around AI disintermediation pressured richly valued growth stocks and drove rotation into defensive, cash-generative sectors such as energy and materials.
- Contributors: Holdings in Marubeni, Siemens Energy and TotalEnergies. Overweights to the energy and materials sectors, stock selection in industrials.
- Detractors: Holdings in Fujitsu and ICON, not owning ASML. Stock selection in materials, information technology (IT) and health care sectors.
- Outlook: We believe it is important not to lose sight of the broader set of growth drivers underpinning the case for international value stocks. Structural trends, including investment in energy security, defense and infrastructure, should support demand across industrial and real asset–oriented sectors, which are much larger components of non-U.S. markets.
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Managed Strategy Since 2005
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Managed Strategy Since 2002
Latest ClearBridge Insights
May 6, 2026
April 14, 2026
April 7, 2026
Composite Performance
Average Annual Total Returns
As of 03/31/2026
Selected Month March 2026
ClearBridge International Value ADR Portfolios - Net (%)
Month End
As of 03/31/2026
ClearBridge International Value ADR Portfolios - Pure Gross (%)
Month End
As of 03/31/2026
MSCI EAFE Index-NR (%)
Month End
As of 03/31/2026
MSCI EAFE Value Index-NR (%)
Month End
As of 03/31/2026
The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.
Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.
For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. 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.
To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236. ClearBridge Investments, LLC, Martin Currie, Royce Investment Partners, and Western Asset Management Company, LLC claim 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.
Portfolio
Positions
As of 03/31/2026 (Updated Monthly)
Number of Issuers
- Portfolio
- 64
- Benchmark
- 690
Portfolio Statistics
As of 03/31/2026 (Updated Monthly)
Estimated 3-5 Year EPS Growth 1
- Portfolio
- 11.17%
- Benchmark
- 9.29%
- Portfolio
- $112.36 Billion
- Benchmark
- $105.25 Billion
- Portfolio
- 2.69%
- Benchmark
- 2.78%
- Portfolio
- $71.70 Billion
- Benchmark
- $73.71 Billion
- Portfolio
- 14.09x
- Benchmark
- 15.20x
- Portfolio
- 2.99x
- Benchmark
- 3.40x
Portfolio characteristics are based on a model portfolio, not an actual client account. The model portfolio is a hypothetical portfolio whereby the portfolio characteristics are based on simulated trading and account activity of a client account invested in this strategy. The model portfolio assumes no withdrawals, contributions or client-imposed restrictions. Portfolio characteristics of individual client accounts may differ from those of the model portfolio as a result of account size, client-imposed restrictions, the timing of client investments, market conditions, contributions, withdrawals and other factors.
Sector Allocation
As of 03/31/2026 % of Total (Updated Quarterly)
| Sector | % of Total | Benchmark |
|---|---|---|
Financials | 25.78% | 24.54% |
Industrials | 21.40% | 19.40% |
Materials | 8.48% | 5.99% |
Consumer Discretionary | 7.81% | 8.51% |
Consumer Staples | 7.07% | 7.26% |
Information Technology | 6.29% | 8.45% |
Energy | 6.11% | 4.43% |
Health Care | 5.94% | 11.17% |
Utilities | 5.44% | 4.17% |
Communication Services | 1.32% | 4.26% |
Real Estate | 1.03% | 1.81% |
Cash & Cash Equivalents | 3.33% | — |
Portfolio characteristics are based on a model portfolio, not an actual client account. The model portfolio is a hypothetical portfolio whereby the portfolio characteristics are based on simulated trading and account activity of a client account invested in this strategy. The model portfolio assumes no withdrawals, contributions or client-imposed restrictions. Portfolio characteristics of individual client accounts may differ from those of the model portfolio as a result of account size, client-imposed restrictions, the timing of client investments, market conditions, contributions, withdrawals and other factors.
Top Equity Issuers
As of 03/31/2026 (Updated Quarterly)
| Holdings | Portfolio |
|---|---|
Siemens Energy AG | 3.10% |
Marubeni Corp | 3.08% |
Intesa Sanpaolo SpA | 2.91% |
Mitsubishi UFJ Financial Group Inc | 2.86% |
Siemens AG | 2.80% |
Lloyds Banking Group PLC | 2.78% |
BNP Paribas SA | 2.66% |
KBC Group NV | 2.33% |
Shell PLC | 2.32% |
Danone SA | 2.16% |
Documents
Product Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - ClearBridge International Value ADR Portfolios | |||
| Product Commentary - ClearBridge International Value ADR Portfolios | |||
| FTPPG Regulatory Disclosures |
Risks
All investments involve risks, including possible loss of principal. 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. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks.
Important Information
Separately Managed Accounts (SMAs) are investment services provided by Franklin Templeton Private Portfolio Group, LLC (FTPPG), a federally registered investment adviser. Client portfolios are managed based on investment instructions or advice provided by one or more of the following Franklin Templeton affiliated sub-advisers: ClearBridge Investments, LLC. Management is implemented by FTPPG, the designated sub-adviser or, in the case of certain programs, the program sponsor or its designee.
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.
ClearBridge Investments, LLC, Franklin Templeton Investment Solutions, Martin Currie, Royce Investment Partners, Western Asset Management Company, LLC, and Franklin Templeton claim 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.
Professional money management may not be suitable for all investors. Factual information relating to the securities discussed was obtained from sources believed to be reliable, but there can be no guarantee as to its accuracy. It should not be assumed that investments made in the future will be profitable or will equal the performance of the securities discussed in the material.
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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 MSCI EAFE Index is a free float-adjusted market capitalization-weighted index designed to measure developed market equity performance, excluding the U.S. and Canada.
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.
The MSCI EAFE Value Index is designed to measure performance of stocks exhibiting overall value style characteristics in developed markets, excluding the U.S. and Canada.
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.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.