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Managed Fund Since 2009
Equity
QLMGTX ClearBridge Variable Growth Portfolio
Popular Documents
Total Net Assets
$152.22M
As of 10/31/2025 (Updated Monthly)
Overview
Fund Facts
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.
- Benchmark
- Russell Midcap Growth Index
- Fund Inception Date
- 11/01/1999
- Share Class Inception Date
- 02/02/2007
Identifiers
- Ticker
- QLMGTX
- Fund Number
- 7931
- CUSIP Code
- 52467X872
- Bloomberg Code
- QLMGTX US
Top Sectors
As of 10/31/2025 Equity as a % of Total (Updated Monthly)
Information Technology34.42% | |
Industrials19.26% | |
Health Care11.72% | |
Consumer Discretionary11.50% | |
Communication Services8.85% |
Additional Fund Info
- Asset Class
- Equity
- Morningstar Category
4 - Mid-Cap Growth
- Lipper Classification
- Multi-Cap Growth Funds
- Investment Style
- Growth
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 2021
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Managed Fund Since 2024
Latest ClearBridge Insights
November 24, 2025
November 17, 2025
November 3, 2025
October 20, 2025
Ratings 4
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Portfolio
Assets
As of10/31/2025 (Updated Monthly)
- Total Net Assets
- $152.22 Million
Positions
As of 10/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 53
- Benchmark
- 281
Sector Allocation
As of 10/31/2025 Equity as a % of Total (Updated Monthly)
| Sector | % of Total | Benchmark |
|---|---|---|
Information Technology | 34.42% | 18.78% |
Industrials | 19.26% | 21.01% |
Health Care | 11.72% | 15.18% |
Consumer Discretionary | 11.50% | 20.23% |
Communication Services | 8.85% | 6.46% |
Financials | 7.83% | 9.58% |
Materials | 2.33% | 0.28% |
Utilities | 2.25% | 3.13% |
Consumer Staples | 1.19% | 1.57% |
Other | 0.00% | — |
Energy | — | 2.50% |
Real Estate | — | 1.27% |
Holdings
As of 10/31/2025 (Updated Monthly)
Broadcom Inc.
TE Connectivity PLC
Vertex Pharmaceut
Autodesk, Inc.
Vertiv Holdings Co.
L3Harris Technologies Inc.
Johnson Controls Int'l
Tjx Companies Inc
Crowdstrike Holdings Inc.
Shopify Inc.
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
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 Growth Portfolio | |||
| Annual Report - ClearBridge Variable Growth Portfolio - Class II | |||
| Semi-Annual Report - ClearBridge Variable Aggressive Growth Portfolio - Class II | |||
| Semi-Annual Financial Statements and Other Information - ClearBridge Variable Growth Portfolio | |||
| Prospectus - ClearBridge Variable Growth Portfolio | |||
| Summary Prospectus - ClearBridge Variable Growth Portfolio | |||
| Statement of Additional Information - Legg Mason Partners Variable Equity Trust Book 33 | |||
| Fiscal Q1 Holdings - ClearBridge Variable Growth Portfolio | |||
| Fiscal Q3 Holdings - ClearBridge Variable Growth Portfolio |
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.
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 Midcap Growth Index measures the performance of the mid-cap growth segment of the U.S. equity universe.
Source: FTSE.
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.