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Managed Fund Since 2007
Equity
QLMVIX ClearBridge Variable Large Cap Value Portfolio
- Focus on long-term capital growth. The strategy primarily invests in equity secuirites with a focus on long-term capital growth.
- Deep company research. A research process centered on valuation, high active share and a long-term investment horizon.
- Seeks undervalued companies with strong financial metrics. The strategy invests in companies that can sustain high financial metrics, or improve depressed financial metrics, over a reasonable investment horizon.
Popular Documents
Total Net Assets
$276.47M
As of 01/31/2026 (Updated Monthly)
Proposed reorganization
Overview
Fund Facts
Fund description
Seeks to invest primarily in established, large-cap companies with strong franchises and favorable valuations. Seeks long-term capital growth with current income as a secondary consideration. Looks for a combination of stocks with favorable valuations with the potential to generate superior returns across a range of market scenarios.
- Benchmark
- Russell 1000 Value Index
- Additional Benchmark
- S&P 500 Index
- Fund Inception Date
- 02/17/1998
- Share Class Inception Date
- 02/17/1998
Identifiers
- Ticker
- QLMVIX
- Fund Number
- 7871
- CUSIP Code
- 52467M504
- Bloomberg Code
- QLMVIX US
Top Sectors
As of 01/31/2026 Equity as a % of Total (Updated Monthly)
Financials22.14% | |
Health Care17.70% | |
Industrials13.58% | |
Information Technology11.05% | |
Materials7.79% |
Additional Fund Info
- Asset Class
- Equity
- Morningstar Category
4 - Large Value
- Lipper Classification
- Large-Cap Value Funds
- Investment Style
- Value
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.
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Managed Fund Since 2024
Latest ClearBridge Insights
February 5, 2026
January 15, 2026
January 15, 2026
January 14, 2026
Portfolio
Assets
As of01/31/2026 (Updated Monthly)
- Total Net Assets
- $276.47 Million
Positions
As of 01/31/2026 (Updated Monthly)
Number of Holdings
- Fund
- 57
- Benchmark
- 868
Sector Allocation
As of 01/31/2026 Equity as a % of Total (Updated Monthly)
| Sector | % of Total | Benchmark |
|---|---|---|
Financials | 22.14% | 20.98% |
Health Care | 17.70% | 11.79% |
Industrials | 13.58% | 13.47% |
Information Technology | 11.05% | 11.88% |
Materials | 7.79% | 4.22% |
Energy | 7.25% | 6.24% |
Communication Services | 6.63% | 8.48% |
Consumer Discretionary | 5.67% | 7.38% |
Utilities | 4.01% | 4.25% |
Consumer Staples | 2.60% | 7.42% |
Real Estate | 1.05% | 3.89% |
Holdings
As of 01/31/2026 (Updated Monthly)
JPMorgan Chase & Co.
Johnson & Johnson
Alphabet Inc. Class A
PARKER HANNIFIN CORP
Schwab (Charles) Corp.
Thermo Fisher Scientific Inc.
WEC Energy Group Inc.
Air Products and Chemicals, Inc.
Microchip Technology Inc.
Travelers Cos Inc/The Npv
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
Federal ID Number 133986368
For information on tax years prior to 2008, please contact usThese amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Data not currently available.
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Financial Statements and Other Information - ClearBridge Variable Large Cap Value Portfolio | |||
| Annual Report - ClearBridge Variable Large Cap Value Portfolio - Class I | |||
| Semi-Annual Report - ClearBridge Variable Large Cap Value Portfolio - Class I | |||
| Semi-Annual Financial Statements and Other Information - ClearBridge Variable Large Cap Value Portfolio | |||
| Prospectus - ClearBridge Variable Large Cap Value Portfolio | |||
| Summary Prospectus - ClearBridge Variable Large Cap Value Portfolio | |||
| Statement of Additional Information - Legg Mason Partners Variable Equity Trust Book 33 | |||
| Fiscal Q1 Holdings - ClearBridge Variable Large Cap Value Portfolio | |||
| Fiscal Q3 Holdings - ClearBridge Variable Large Cap Value Portfolio |
Risks
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and 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. 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. 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
Past performance is no guarantee of future results. These portfolios are available as investment options under a variable annuity or variable life contract. Shares of the portfolios are offered only to insurance company separate accounts that fund certain variable annuity or life contracts. These portfolios may not be available in all states and may only be offered in certain variable products. Please refer to the prospectuses. Variable annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Withdrawals made prior to age 59 1/2 are subject to a 10% IRS penalty charge and/or surrender charges. Investments in a variable annuity are subject to market risks, including loss of principal. Guarantees are based on the claims-paying ability of the insurer.
VARIABLE ANNUITIES ARE SOLD BY PROSPECTUS ONLY. AN INVESTOR SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE INSURANCE CONTRACT AND THE UNDERLYING PORTFOLIO CAREFULLY BEFORE INVESTING. THE PROSPECTUSES CONTAIN THIS AND OTHER IMPORTANT INFORMATION ABOUT THE INSURANCE CONTRACT AND THE UNDERLYING PORTFOLIO. FOR A FREE PROSPECTUS ON THE UNDERLYING PORTFOLIO, PLEASE CLICK ON THE PROSPECTUS LINK. AN INVESTOR SHOULD READ THE PROSPECTUSES CAREFULLY BEFORE INVESTING.
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.
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 Russell 1000 Value Index measures the performance of the large-cap value segment of the U.S. equity universe.
Source: FTSE.
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.
Franklin Distributors, LLC. Member FINRA/SIPC. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the fund are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
FINANCIAL ADVISORS: Please note that not all share classes may be available for sale at your firm. Please call Franklin Templeton at (800) 530-2432 for more information.