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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
$273.40M
As of 11/30/2025 (Updated Monthly)
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 11/30/2025 Equity as a % of Total (Updated Monthly)
Financials23.55% | |
Health Care16.50% | |
Industrials13.07% | |
Information Technology10.86% | |
Materials7.74% |
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 a well-established global investment manager focusing on proprietary research and fundamental investing. With over 60 years of experience building portfolios for clients seeking income solutions, high active share or low-volatility, long-tenured portfolio managers provide strong leadership in a centralized investment structure.
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Managed Fund Since 2024
Latest ClearBridge Insights
December 8, 2025
December 5, 2025
December 2, 2025
Portfolio
Assets
As of11/30/2025 (Updated Monthly)
- Total Net Assets
- $273.40 Million
Positions
As of 11/30/2025 (Updated Monthly)
Number of Holdings
- Fund
- 56
- Benchmark
- 870
Sector Allocation
As of 11/30/2025 Equity as a % of Total (Updated Monthly)
| Sector | % of Total | Benchmark |
|---|---|---|
Financials | 23.55% | 21.90% |
Health Care | 16.50% | 12.46% |
Industrials | 13.07% | 12.91% |
Information Technology | 10.86% | 10.96% |
Materials | 7.74% | 3.95% |
Energy | 6.63% | 5.81% |
Consumer Discretionary | 5.77% | 7.55% |
Communication Services | 5.72% | 8.41% |
Utilities | 5.52% | 4.59% |
Consumer Staples | 2.23% | 7.41% |
Real Estate | 1.10% | 4.05% |
Holdings
As of 11/30/2025 (Updated Monthly)
JPMorgan Chase & Co.
Sempra Energy
Alphabet Inc. Class A
Broadcom Inc.
Thermo Fisher Scientific Inc.
Air Products and Chemicals, Inc.
PARKER HANNIFIN CORP
Bank Of America Corp
Schwab (Charles) Corp.
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
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
12/04/2025
06/10/2025
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
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.
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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.