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Managed Fund Since 2005
Equity
QLMPTX ClearBridge Variable Mid Cap Portfolio
Popular Documents
Total Net Assets
$257.41M
As of 10/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
Invests in a diversified portfolio focused primarily on mid-sized companies. Seeks long term capital appreciation through a disciplined, consistent and transparent investment process. Investment returns are driven by stock selection, with a strong focus on risk management in portfolio construction.
- Benchmark
- Russell Mid Cap Index
- Fund Inception Date
- 11/01/1999
- Share Class Inception Date
- 05/21/2007
Identifiers
- Ticker
- QLMPTX
- Fund Number
- 7946
- CUSIP Code
- 52467X856
- Bloomberg Code
- QLMPTX US
Top Sectors
As of 10/31/2025 Equity as a % of Total (Updated Monthly)
Industrials19.83% | |
Information Technology14.42% | |
Financials12.25% | |
Health Care11.09% | |
Consumer Discretionary11.04% |
Additional Fund Info
- Asset Class
- Equity
- Morningstar Category
4 - Mid-Cap Blend
- Lipper Classification
- Mid-Cap Core Funds
- Investment Style
- Mid Cap
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 2020
Latest ClearBridge Insights
November 24, 2025
November 17, 2025
November 3, 2025
October 20, 2025
Ratings 4
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of10/31/2025 (Updated Monthly)
- Total Net Assets
- $257.41 Million
Positions
As of 10/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 64
- Benchmark
- 812
Sector Allocation
As of 10/31/2025 Equity as a % of Total (Updated Monthly)
| Sector | % of Total | Benchmark |
|---|---|---|
Industrials | 19.83% | 18.60% |
Information Technology | 14.42% | 12.58% |
Financials | 12.25% | 15.01% |
Health Care | 11.09% | 9.82% |
Consumer Discretionary | 11.04% | 11.33% |
Utilities | 6.35% | 6.29% |
Energy | 5.86% | 5.59% |
Consumer Staples | 5.63% | 4.70% |
Real Estate | 5.43% | 7.00% |
Materials | 3.96% | 4.84% |
Communication Services | 2.03% | 4.24% |
Holdings
As of 10/31/2025 (Updated Monthly)
Casey's General Stores, Inc.
API Group Corp.
Teledyne Technologies Inc.
EQT Corp.
Resideo Technologies Inc
PPL Corporation
Clean Harbors Inc
Performance Food Group Co.
Regal Beloit Corp.
Hartford Financial Svcs Grp Co
Distributions & Tax
Federal ID Number 134071208
For information on tax years prior to 2008, please contact usThese amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Jun 10
Dec 05
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
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Financial Statements and Other Information - ClearBridge Variable Mid Cap Portfolio | |||
| Annual Report - ClearBridge Variable Mid Cap Portfolio - Class II | |||
| Semi-Annual Report - ClearBridge Variable Mid Cap Portfolio - Class II | |||
| Semi-Annual Financial Statements and Other Information - ClearBridge Variable Mid Cap Portfolio | |||
| Prospectus - ClearBridge Variable Mid Cap Portfolio | |||
| Summary Prospectus - ClearBridge Variable Mid Cap Portfolio | |||
| Statement of Additional Information - Legg Mason Partners Variable Equity Trust Book 33 | |||
| Fiscal Q1 Holdings - ClearBridge Variable Mid Cap Portfolio | |||
| Fiscal Q3 Holdings - ClearBridge Variable Mid Cap 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. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large 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
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.
Performance data quoted represents past performance, which does not guarantee future results.
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.
All investments involve risk, including possible loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance, and other important information. Review this information carefully before you make any investment decision. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.
Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.
Franklin Distributors, LLC serves as the distributor of Creation Units for the ETFs on an agency basis. Franklin Distributors, LLC does not maintain a secondary market in the funds' shares.
The Russell Mid Cap Index measures the performance of the mid-cap segment of the U.S. equity universe.
Source: FTSE.