Overview
- Investment Overview
- Investment Process
Investment Overview
ClearBridge Mid Cap Growth Portfolios are designed for investors seeking long-term capital appreciation through investing in medium sized companies with the potential for solid future earnings growth.
Investment Objective
The strategy seeks to provide long-term capital appreciation and consistently superior returns relative to the Russell Mid Cap Growth Index.
Investment Philosophy
We believe that:
- Mid cap stock prices may vary significantly from fair value, in the short run, due to the mispricing of risk in the market, the deluge of short-term data, lesser sell side coverage, and market illiquidity
- Our investment process is market cap relevant, style pure, and risk aware
Portfolio Positioning
Designed for investors seeking opportunities within medium-capitalization growth markets.
Key Differentiators
- A concentrated portfolio that includes only those stocks in which the managers have the greatest conviction
- Stock selection based on “bottom up” fundamental analysis, supported by a rigorous approach to valuation
- A disciplined, consistent, transparent and risk-aware investment process
Points of differentiation
- High-conviction, concentrated, low-turnover approach
- Bottom-up driven investment decisions
Market, security and/or other investment considerations may result in higher turnover from time to time. Also, all capitalization ranges will not necessarily be represented in an individual account.
Investment Process
Investment Process
Step 1 - Idea Generation
- Identify companies with growth characteristics, attractive valuation, prudent capital deployment, and high earnings quality
- Focus on stocks with strong growth trends, capital adequacy and stability and compelling valuation.
Step 2 - Fundamental Analysis: Research Process
- Take deliberate approach to understand company fundamentals, key competitors, and industry structure.
- Focus on share takers with unit growth via innovative products and services
Step 3 - Portfolio Construction: Spectrum of Growth
- Focus on companies across spectrum of growth: Hyper Growth, Middle Growers and Steady Growers (50-80 names)
- Maintain high active share.
- Monitor sector weightings and correlations among current holdings.
Step 4 - Risk Management: Address on Three Levels
- Security level
- Portfolio level
- Investment manager level
The investment process may change over time. The characteristics set forth above are intended as a general illustration of some of the criteria the strategy team considers in selecting securities for client portfolios. There is no guarantee investment objectives will be achieved.
Portfolio Managers
Performance
- Average Annual Total Returns
- Calendar Year Returns
- Cumulative Total Returns
- Risk/Return Profile
- Risk Measures
Average Annual Total Returns
Average Annual Total Returns
2025
Chart
Quarter End As of 09/30/2025 | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | Since Inception 06/30/2014 | |
|---|---|---|---|---|---|---|---|
| ClearBridge Mid Cap Growth Portfolios - Net (%) | 14.81 | 18.28 | 8.85 | 10.07 | 10.83 | 9.41 | |
| ClearBridge Mid Cap Growth Portfolios - Pure Gross (%) | 17.15 | 20.69 | 11.08 | 12.32 | 13.10 | 11.65 | |
| Russell Midcap Growth Index (%) | 22.02 | 22.85 | 11.26 | 12.00 | 13.37 | 11.87 |
Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
Past performance is no guarantee of future results. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.
Fees: Returns for periods less than one year are not annualized. Pure Gross of fee returns do not reflect the deduction of any expenses, including transaction costs. Net composite returns referenced above represent Pure Gross composite performance of the portfolio reduced by an annual fee of 2.02%, the maximum fee charged by Primerica Advisors to clients invested in the strategy through the Lifetime Investment Platform wrap fee program. The Net of fee composite returns presented in the strategy GIPS Report are calculated by reducing each monthly composite pure gross rate of return by the highest "bundled" fee charged (3.00%) annually, prorated to a monthly ratio.
Returns reflect the reinvestment of dividends and other earnings. All performance is reported in US dollars. Returns for periods less than one year are not annualized. For investors that access strategies through the Primerica Advisors Lifetime Investment Program, Primerica Advisors or its service providers, not Franklin Templeton Private Portfolio Group, LLC (FTPPG), is responsible for implementing the strategy in your account. Gross performance of the strategy, as implemented by Primerica Advisors, will vary from FTPPG's composite performance. Net performance for individual investors will vary based on the fees charged by Primerica Advisors, as well as Primerica Advisors' management of its program and each client's account.
An investor cannot invest directly in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges.
Performance Source: Franklin Templeton
Calendar Year Returns
Calendar Year Returns
Chart
Quarter End As of 09/30/2025 | YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | Performance Inception Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ClearBridge Mid Cap Growth Portfolios - Net (%) | 6.82 | 17.44 | 27.53 | -34.19 | 21.19 | 43.25 | 28.58 | -7.07 | 20.78 | 1.54 | -1.68 | 06/30/2014 | |
| ClearBridge Mid Cap Growth Portfolios - Pure Gross (%) | 8.46 | 19.83 | 30.10 | -32.79 | 23.65 | 46.12 | 31.18 | -5.14 | 23.23 | 3.63 | 0.35 | 06/30/2014 | |
| Russell Midcap Growth Index (%) | 12.84 | 22.10 | 25.87 | -26.72 | 12.73 | 35.59 | 35.47 | -4.75 | 25.27 | 7.33 | -0.20 | — |
Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
Past performance is no guarantee of future results. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.
Fees: Returns for periods less than one year are not annualized. Pure Gross of fee returns do not reflect the deduction of any expenses, including transaction costs. Net composite returns referenced above represent Pure Gross composite performance of the portfolio reduced by an annual fee of 2.02%, the maximum fee charged by Primerica Advisors to clients invested in the strategy through the Lifetime Investment Platform wrap fee program. The Net of fee composite returns presented in the strategy GIPS Report are calculated by reducing each monthly composite pure gross rate of return by the highest "bundled" fee charged (3.00%) annually, prorated to a monthly ratio.
Returns reflect the reinvestment of dividends and other earnings. All performance is reported in US dollars. Returns for periods less than one year are not annualized. For investors that access strategies through the Primerica Advisors Lifetime Investment Program, Primerica Advisors or its service providers, not Franklin Templeton Private Portfolio Group, LLC (FTPPG), is responsible for implementing the strategy in your account. Gross performance of the strategy, as implemented by Primerica Advisors, will vary from FTPPG's composite performance. Net performance for individual investors will vary based on the fees charged by Primerica Advisors, as well as Primerica Advisors' management of its program and each client's account.
An investor cannot invest directly in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges.
Performance Source: Franklin Templeton
Cumulative Total Returns
Cumulative Total Returns
The hypothetical growth scenario of $100k does not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Had they been reflected hypothetical values would be lower.
2014
2025
Chart
Quarter End As of 09/30/2025 | YTD | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 06/30/2014 | |
|---|---|---|---|---|---|---|---|---|
| ClearBridge Mid Cap Growth Portfolios - Net (%) | 6.82 | 14.81 | 65.49 | 52.80 | 179.67 | — | 175.05 | |
| ClearBridge Mid Cap Growth Portfolios - Pure Gross (%) | 8.46 | 17.15 | 75.80 | 69.11 | 242.44 | — | 245.50 | |
| Russell Midcap Growth Index (%) | 12.84 | 22.02 | 85.38 | 70.50 | 250.84 | — | 253.32 |
Historical Cumulative Total Returns
2025
Date Selected As of 09/30/2025 | YTD | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 06/30/2014 | |
|---|---|---|---|---|---|---|---|---|
| ClearBridge Mid Cap Growth Portfolios - Net (%) | 6.82 | 14.81 | 65.49 | 52.80 | 179.67 | — | 175.05 | |
| ClearBridge Mid Cap Growth Portfolios - Pure Gross (%) | 8.46 | 17.15 | 75.80 | 69.11 | 242.44 | — | 245.50 | |
| Russell Midcap Growth Index (%) | 12.84 | 22.02 | 85.38 | 70.50 | 250.84 | — | 253.32 |
Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
Past performance is no guarantee of future results. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.
Fees: Returns for periods less than one year are not annualized. Pure Gross of fee returns do not reflect the deduction of any expenses, including transaction costs. Net composite returns referenced above represent Pure Gross composite performance of the portfolio reduced by an annual fee of 2.02%, the maximum fee charged by Primerica Advisors to clients invested in the strategy through the Lifetime Investment Platform wrap fee program. The Net of fee composite returns presented in the strategy GIPS Report are calculated by reducing each monthly composite pure gross rate of return by the highest "bundled" fee charged (3.00%) annually, prorated to a monthly ratio.
Returns reflect the reinvestment of dividends and other earnings. All performance is reported in US dollars. Returns for periods less than one year are not annualized. For investors that access strategies through the Primerica Advisors Lifetime Investment Program, Primerica Advisors or its service providers, not Franklin Templeton Private Portfolio Group, LLC (FTPPG), is responsible for implementing the strategy in your account. Gross performance of the strategy, as implemented by Primerica Advisors, will vary from FTPPG's composite performance. Net performance for individual investors will vary based on the fees charged by Primerica Advisors, as well as Primerica Advisors' management of its program and each client's account.
An investor cannot invest directly in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges.
Performance Source: Franklin Templeton
Risk/Return Profile
Risk/Return Profile (%)
Based on a 10 year period ending Sep-30-2025
Chart
| Net |
| Pure Gross |
| Russell Midcap Growth Index |
Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
Risk Measures
Risk Measures
| Statistics | 1 Year | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|
| Alpha (Net of Fees) | -5.65 | -3.53 | -2.18 | -2.43 |
| Beta (Net) | 1.03 | 0.99 | 1.01 | 1.03 |
| R-Squared (Net) | 0.98 | 0.96 | 0.97 | 0.96 |
| Historical Tracking Error (Net) | 3.80 | 3.58 | 3.82 | 3.80 |
| Historical Tracking Error (Pure Gross) | 3.80 | 3.58 | 3.82 | 3.80 |
| Information Ratio (Pure Gross) | -1.61 | -0.60 | -0.05 | -0.07 |
| Information Ratio (Net) | -2.39 | -1.27 | -0.63 | -0.67 |
| Standard Deviation (%) | 1 Year | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|
| Standard Deviation (Net) | 21.43 | 18.73 | 21.07 | 19.72 |
| Sharpe Ratio (%) | 1 Year | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|
| Sharpe Ratio (Net) | 0.53 | 0.73 | 0.36 | 0.51 |
| Sharpe Ratio (Pure Gross) | 0.63 | 0.84 | 0.46 | 0.62 |
Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
Past performance is no guarantee of future results. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.
Fees: Returns for periods less than one year are not annualized. Pure Gross of fee returns do not reflect the deduction of any expenses, including transaction costs. Net composite returns referenced above represent Pure Gross composite performance of the portfolio reduced by an annual fee of 2.02%, the maximum fee charged by Primerica Advisors to clients invested in the strategy through the Lifetime Investment Platform wrap fee program. The Net of fee composite returns presented in the strategy GIPS Report are calculated by reducing each monthly composite pure gross rate of return by the highest "bundled" fee charged (3.00%) annually, prorated to a monthly ratio.
Returns reflect the reinvestment of dividends and other earnings. All performance is reported in US dollars. Returns for periods less than one year are not annualized. For investors that access strategies through the Primerica Advisors Lifetime Investment Program, Primerica Advisors or its service providers, not Franklin Templeton Private Portfolio Group, LLC (FTPPG), is responsible for implementing the strategy in your account. Gross performance of the strategy, as implemented by Primerica Advisors, will vary from FTPPG's composite performance. Net performance for individual investors will vary based on the fees charged by Primerica Advisors, as well as Primerica Advisors' management of its program and each client's account.
An investor cannot invest directly in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges.
Performance Source: Franklin Templeton
Portfolio
Positions
| Fund | Benchmark | |
|---|---|---|
| Number of Issuers | 77 | 281 |
Portfolio Statistics
| Fund | Benchmark | |
|---|---|---|
| Dividend Yield | 0.35% | 0.54% |
| Weighted Average Market Capitalization (USD) | $43.22 Billion | $38.26 Billion |
| Price to Book | 12.53x | 14.39x |
| Estimated 3-5 Year EPS Growth | 13.61% | 14.62% |
| Price to Earnings (12-Month Forward) | 32.29x | 30.12x |
| Median Market Cap (USD) | $35.14 Billion | $35.14 Billion |
Portfolio characteristics are based on a model portfolio, not an actual client account. The model portfolio is a hypothetical portfolio whereby the portfolio characteristics are based on simulated trading and account activity of a client account invested in this strategy. The model portfolio assumes no withdrawals, contributions or client-imposed restrictions. Portfolio characteristics of individual client accounts may differ from those of the model portfolio as a result of account size, client-imposed restrictions, the timing of client investments, market conditions, contributions, withdrawals and other factors.
Portfolio Allocations
- Sector
- Market Capitalization
Sector
Sector Allocation
Chart
| Fund | Benchmark | ||
|---|---|---|---|
| Industrials | 21.50% | 20.32% | |
| Information Technology | 19.00% | 17.64% | |
| Consumer Discretionary | 15.42% | 21.56% | |
| Health Care | 14.38% | 14.62% | |
| Financials | 6.72% | 9.79% | |
| Communication Services | 4.83% | 6.91% | |
| Consumer Staples | 4.49% | 1.74% | |
| Energy | 3.81% | 2.66% | |
| Utilities | 2.61% | 3.15% | |
| Real Estate | 2.29% | 1.34% | |
| Materials | 2.25% | 0.27% | |
| Cash & Cash Equivalents | 2.72% | — |
Portfolio characteristics are based on a model portfolio, not an actual client account. The model portfolio is a hypothetical portfolio whereby the portfolio characteristics are based on simulated trading and account activity of a client account invested in this strategy. The model portfolio assumes no withdrawals, contributions or client-imposed restrictions. Portfolio characteristics of individual client accounts may differ from those of the model portfolio as a result of account size, client-imposed restrictions, the timing of client investments, market conditions, contributions, withdrawals and other factors.
Market Capitalization
Market Capitalization Allocation
Chart
| Fund | Benchmark | ||
|---|---|---|---|
| <10 Billion | 7.84% | 8.40% | |
| 10-20 Billion | 19.16% | 16.26% | |
| 20-40 Billion | 28.12% | 30.71% | |
| >40 Billion | 44.87% | 44.63% |
Portfolio characteristics are based on a model portfolio, not an actual client account. The model portfolio is a hypothetical portfolio whereby the portfolio characteristics are based on simulated trading and account activity of a client account invested in this strategy. The model portfolio assumes no withdrawals, contributions or client-imposed restrictions. Portfolio characteristics of individual client accounts may differ from those of the model portfolio as a result of account size, client-imposed restrictions, the timing of client investments, market conditions, contributions, withdrawals and other factors.
Portfolio Holdings
Top Equity Issuers
Chart
| Fund | ||
|---|---|---|
| AppLovin Corp | 3.34% | |
| Monolithic Power Systems Inc | 2.70% | |
| Vistra Corp | 2.61% | |
| United Rentals Inc | 2.54% | |
| Casey's General Stores Inc | 2.48% | |
| Vertiv Holdings Co | 2.40% | |
| Martin Marietta Materials Inc | 2.25% | |
| Expedia Group Inc | 2.21% | |
| Doximity Inc | 2.02% | |
| Live Nation Entertainment Inc | 2.01% |
Documents
Product Literature
Factsheet - ClearBridge Mid Cap Growth Portfolios - PRIMERICA
Risks
What Are the Risks?
All investments involve risks, including possible loss of principal. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks.
Important Information
Separately Managed Accounts (SMAs) are investment services provided by Franklin Templeton Private Portfolio Group, LLC (FTPPG), a federally registered investment adviser. Client portfolios are managed based on investment instructions or advice provided by one or more of the following Franklin Templeton affiliated sub-advisers: ClearBridge Investments, LLC. Management is implemented by FTPPG, the designated sub-adviser or, in the case of certain programs, the program sponsor or its designee.
Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares. Returns reflect reinvestment of dividends and capital gains. Performance figures for periods shorter than one year represent cumulative figures and are not annualized. All performance is reported in US dollars.
ClearBridge Investments, LLC, Franklin Templeton Investment Solutions, Martin Currie, Royce Investment Partners, Western Asset Management Company, LLC, and Franklin Templeton claim compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
Professional money management may not be suitable for all investors. Factual information relating to the securities discussed was obtained from sources believed to be reliable, but there can be no guarantee as to its accuracy. It should not be assumed that investments made in the future will be profitable or will equal the performance of the securities discussed in the material.
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Franklin Templeton (FT) is not undertaking to provide impartial advice. Nothing herein is intended to provide fiduciary advice. FT has a financial interest.
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.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
FINANCIAL ADVISORS: Please call Franklin Templeton at (800) DIAL BEN/342-5236 for more information.
Footnotes
Dividend yield is calculated without the deduction of fees and expenses.