![[John Baldis avatar]](https://franklintempletonprod.widen.net/content/i50w6keayo/webp/Baldi_John_500x500.png){kind=avatar}
Managed Fund Since 2019
Equity
QLMEIX ClearBridge Variable Dividend Strategy Portfolio
- Access to quality companies. Seeks to invest in high-quality stocks with an attractive or improving dividend profile
- Emphasis on dividends. Seeks a combination of dividend income, dividend growth and long-term capital appreciation
- Core portfolio holdings. Focusing on companies that have a long history of paying and raising dividends provides investors an income stream and risk mitigation.
Popular Documents
Total Net Assets
$468.06M
As of 01/31/2026 (Updated Monthly)
Proposed reorganization
Overview
Fund Facts
Fund description
Seeks to invest in high-quality stocks with an attractive or improving dividend profile. Seeks a combination of dividend income, dividend growth and long-term capital appreciation. Uses fundamental analysis to select a diversified portfolio of companies with long histories of paying and raising dividends.
- Benchmark
- S&P 500 Index
- Additional Benchmark
- Russell 3000 Value Index
- Fund Inception Date
- 10/01/2002
- Share Class Inception Date
- 04/27/2007
Identifiers
- Ticker
- QLMEIX
- Fund Number
- 7947
- CUSIP Code
- 52467W833
- Bloomberg Code
- QLMEIX US
Top Sectors
As of 01/31/2026 Equity as a % of Total (Updated Monthly)
Financials14.33% | |
Information Technology13.98% | |
Health Care12.06% | |
Communication Services10.51% | |
Industrials10.42% |
Additional Fund Info
- Asset Class
- Equity
- Morningstar Category
4 - Large Value
- Lipper Classification
- Equity Income Funds
- Investment Style
- Large Cap
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.
![[Michael Clarfelds avatar]](https://franklintempletonprod.widen.net/content/9xijwpckzq/webp/Clarfeld_Michael_500x500.png){kind=avatar}
Managed Fund Since 2009
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
- $468.06 Million
Positions
As of 01/31/2026 (Updated Monthly)
Number of Holdings
- Fund
- 55
- Benchmark
- 503
Sector Allocation
As of 01/31/2026 Equity as a % of Total (Updated Monthly)
| Sector | % of Total | Benchmark |
|---|---|---|
Financials | 14.33% | 12.88% |
Information Technology | 13.98% | 33.39% |
Health Care | 12.06% | 9.45% |
Communication Services | 10.51% | 11.02% |
Industrials | 10.42% | 8.58% |
Energy | 8.96% | 3.17% |
Consumer Staples | 8.60% | 5.00% |
Materials | 7.20% | 1.96% |
Real Estate | 5.35% | 1.85% |
Utilities | 3.71% | 2.25% |
Consumer Discretionary | 3.25% | 10.44% |
Holdings
As of 12/31/2025 (Updated Monthly)
Microsoft Corp
Exxon Mobil Corp
Broadcom Inc.
Williams Cos Inc
Alphabet Inc. Class A
Nestle S.A. Sponsored ADR
Becton Dickinson & Co.
Texas Instruments Incorporated
JPMorgan Chase & Co.
Air Products and Chemicals, Inc.
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 Dividend Strategy Portfolio | |||
| Annual Report - ClearBridge Variable Dividend Strategy Portfolio - Class I | |||
| Semi-Annual Report - ClearBridge Variable Dividend Strategy Portfolio - Class I | |||
| Semi-Annual Financial Statements and Other Information - ClearBridge Variable Dividend Strategy Portfolio | |||
| Prospectus - ClearBridge Variable Dividend Strategy Portfolio | |||
| Summary Prospectus - ClearBridge Variable Dividend Strategy Portfolio | |||
| Statement of Additional Information - Legg Mason Partners Variable Equity Trust Book 33 | |||
| Fiscal Q1 Holdings - ClearBridge Variable Dividend Strategy Portfolio | |||
| Fiscal Q3 Holdings - ClearBridge Variable Dividend Strategy Portfolio |
Risks
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. Dividends may fluctuate and are not guaranteed, and a company may reduce or eliminate its dividend at any time. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. Real estate investment trusts (REITs) are closely linked to the performance of the real estate markets. REITs are subject to illiquidity, credit and interest rate risks, and risks associated with small- and mid-cap investments. 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. 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. 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 3000 Value Index measures the performance of the broad value segment of U.S. equity value 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.