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ClearBridge Variable Growth Portfolio

As of 11/14/2025

NAV 1

$15.53

 
 

Overview

ClearBridge Investments logo

Fund Description

  • Seeks to invest in companies across capitalizations with high growth potential
  • Patient management seeks capital appreciation through a high-conviction portfolio of companies offering new or innovative technologies, products and services 
  • Bottom-up stock selection process favors companies with strong fundamentals, skilled and committed management teams and a clear market advantage

Meet Your Manager

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.

Fund Information
Asset Class 
Equity
Total Net Assets  As of 10/31/2025 (Updated Monthly)
$152.22 Million
Fund Inception Date 
11/01/1999
Share Class Inception Date 
11/01/1999
Benchmark 
Russell Midcap Growth Index
Investment Style 
Growth
Lipper Classification 
Multi-Cap Growth Funds
Morningstar Category 
Mid-Cap Growth
Sales Charges, Expenses & Fees
As of 05/01/2025
Gross Expense Ratio2 
0.87%
Net Expense Ratio23 
0.87%
12b-1 Fee 
0.00%
Identifiers
Ticker 
QLMGOX
Fund Number 
7673
CUSIP Code 
52467X203
Bloomberg Code 
QLMGOX US

Portfolio Managers

Evan Bauman

Florida, United States

Managed Fund Since 2009

Aram Green

New York, United States

Managed Fund Since 2021

Amanda Leithe, CFA®

New York, United States

Managed Fund Since 2024

Portfolio

Portfolio Holdings

Holdings

As of 10/31/2025 Updated Monthly
Security Name 
Broadcom Inc.
Sector Name 
Information Technology
Weight (%) 
7.23
Market Value ($) 
11,014,974
Quantity 
29,800
Security Name 
TE Connectivity PLC
Sector Name 
Information Technology
Weight (%) 
6.32
Market Value ($) 
9,626,474
Quantity 
38,972
Security Name 
Vertex Pharmaceut
Sector Name 
Health Care
Weight (%) 
4.57
Market Value ($) 
6,965,730
Quantity 
16,368
Security Name 
Autodesk, Inc.
Sector Name 
Information Technology
Weight (%) 
4.05
Market Value ($) 
6,171,443
Quantity 
20,480
Security Name 
Vertiv Holdings Co.
Sector Name 
Industrials
Weight (%) 
3.99
Market Value ($) 
6,075,090
Quantity 
31,500
Security Name 
L3Harris Technologies Inc.
Sector Name 
Industrials
Weight (%) 
3.61
Market Value ($) 
5,504,175
Quantity 
19,039
Security Name 
Johnson Controls Int'l
Sector Name 
Industrials
Weight (%) 
3.52
Market Value ($) 
5,371,983
Quantity 
46,962
Security Name 
Tjx Companies Inc
Sector Name 
Consumer Discretionary
Weight (%) 
3.50
Market Value ($) 
5,339,334
Quantity 
38,100
Security Name 
Crowdstrike Holdings Inc.
Sector Name 
Information Technology
Weight (%) 
3.45
Market Value ($) 
5,253,622
Quantity 
9,675
Security Name 
Shopify Inc.
Sector Name 
Information Technology
Weight (%) 
2.70
Market Value ($) 
4,120,482
Quantity 
23,700

Distributions & Tax

Distributions

Distribution Schedules

Dividend Frequency, if any  This fund is an ex-Dividend fund
Annually
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

Current Year Distributions Per Share
Distribution amounts may be estimates
Record Date  
06/10/2025
Ex-Dividend Date  
06/11/2025
Reinvestment Date  
06/11/2025
Payable Date  
06/11/2025
Reinvestment Price  
$14.65
Long-Term Capital Gains  
$0.73725
Short-Term Capital Gains  
Income  
Total Distribution Per Share  
$0.73725

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.

Tax Information

Tax Information

Federal ID Number 134071209
For information on tax years prior to 2008, please contact us
These 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 ($)
Record Date  
Jun 10
Ordinary Dividends  
0.018799
Qualified Dividends  
Capital Gain Distributions  
0.395449
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Dec 05
Ordinary Dividends  
Qualified Dividends  
Capital Gain Distributions  
4.60785
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Ordinary Dividends  
0.018799
Qualified Dividends  
Capital Gain Distributions  
5.003299
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Supplemental Tax Information
Foreign Source Income 
Foreign Source Qualified Dividends 
Direct U.S. Government Obligations 
Specified Private Activity Bond Interest 
Dividends Received Deduction 
100.00%
Section 163(j) 
Indiana Resident Taxable Income 
Utah Resident Taxable Income 

Franklin Templeton and its specialized investment managers and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Documents

Regulatory Documents

PDF Format

Fiscal Q3 Holdings - ClearBridge Variable Growth Portfolio

Mailed hardcopies unavailable.

PDF Format

Fiscal Q1 Holdings - ClearBridge Variable Growth Portfolio

Mailed hardcopies unavailable.

PDF Format

Summary Prospectus - ClearBridge Variable Growth Portfolio

PDF Format

Prospectus - ClearBridge Variable Growth Portfolio

PDF Format

Annual Financial Statements and Other Information - ClearBridge Variable Growth Portfolio

Mailed hardcopies unavailable.

PDF Format

Annual Report - ClearBridge Variable Growth Portfolio - Class I

PDF Format

Statement of Additional Information - Legg Mason Partners Variable Equity Trust Book 33

Mailed hardcopies unavailable.

PDF Format

Semi-Annual Report - ClearBridge Variable Aggressive Growth Portfolio - Class I

PDF Format

Semi-Annual Financial Statements and Other Information - ClearBridge Variable Growth Portfolio

Mailed hardcopies unavailable.

Risks

What Are The Risks?

All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. 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 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.