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Trending ETFs

ClearBridge Large Cap Growth ESG ETF

Active ETF
LRGE
Payout Change
Pending
Price as of:
$67.2 +0.17 +0.25%
primary theme
U.S. Large-Cap Growth Equity
LRGE (ETF)

ClearBridge Large Cap Growth ESG ETF

Payout Change
Pending
Price as of:
$67.2 +0.17 +0.25%
primary theme
U.S. Large-Cap Growth Equity
LRGE (ETF)

ClearBridge Large Cap Growth ESG ETF

Payout Change
Pending
Price as of:
$67.2 +0.17 +0.25%
primary theme
U.S. Large-Cap Growth Equity

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$67.20

$209 M

0.10%

$0.06

0.47%

Vitals

YTD Return

12.6%

1 yr return

47.0%

3 Yr Avg Return

11.5%

5 Yr Avg Return

16.3%

Net Assets

$209 M

Holdings in Top 10

48.6%

52 WEEK LOW AND HIGH

$67.0
$46.63
$67.81

Expenses

OPERATING FEES

Expense Ratio 0.47%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 9.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$67.20

$209 M

0.10%

$0.06

0.47%

LRGE - Profile

Distributions

  • YTD Total Return 12.6%
  • 3 Yr Annualized Total Return 11.5%
  • 5 Yr Annualized Total Return 16.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.02%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    ClearBridge Large Cap Growth ESG ETF
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    May 22, 2017
  • Shares Outstanding
    4000000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Margaret Vitrano

Fund Description

Under normal circumstances, the fund seeks to meet its investment objective by investing at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities or other instruments with similar economic characteristics of U.S. companies with large market capitalizations that meet its financial and environmental, social and governance (“ESG”) criteria.
The fund emphasizes investments in equity securities or related instruments of U.S. large-capitalization companies; however, it may invest in equity securities of foreign issuers with similar characteristics.
Large capitalization companies are those companies with market capitalizations similar to companies in the Russell 1000 Growth Index (the “Index”). The size of the companies in the Index changes with market conditions and the composition of the Index. As of March 31, 2023, the largest market capitalization of a company in the Index was approximately $2,623.249 billion and the median market capitalization of a company in the Index was approximately $15.757 billion. The fund may also invest in companies that the subadviser believes are making substantial progress toward becoming a leader in ESG policies. The fund’s investment strategy focuses on consistent growth of capital while managing volatility.
Determination of whether a company meets the fund’s ESG standards is based on the subadviser’s proprietary research approach. The subadviser will exercise judgment to determine ESG best practices based on its over thirty-year history managing ESG investment strategies through an established proprietary process. The subadviser utilizes a fundamental, bottom‑up research approach that emphasizes company analysis, management and stock selection. The subadviser’s proprietary research and analysis generally incorporates information and data obtained from a variety of third-party research providers as supplementary to the subadviser’s own proprietary research and analysis. The subadviser has the right to change the third-party service providers that support this process at any time.
In addition, certain types of companies are excluded from the investment universe. Companies in the tobacco and coal industries are excluded, and companies earning a significant portion of their revenue (in general, approximately 10‑15% or more) from controversial arms (e.g., nuclear, chemical and biological weapons; cluster munitions and anti-personnel landmines) or gambling are also excluded. The subadviser may modify this list of prohibited investments, including revenue thresholds or any particular exclusion, at any time, without shareholder approval or notice.
The ESG evaluation is integrated into a thorough assessment of investment worthiness based on financial criteria as well as ESG considerations including innovative workplace policies, employee benefits and programs; environmental management system strength, eco‑efficiency, and life-cycle analysis; community involvement, strategic philanthropy, and reputation management; and strong corporate governance and independence of the board. The ESG analysis is conducted by the subadviser’s sector analysts on a sector-specific basis, and a proprietary ESG rating is assigned to each company. The weightings of the E, S and G factors are determined by the subadviser for each respective sector and sub‑sectors.
All companies are assigned a proprietary ClearBridge ESG rating (A, AA, AAA). Companies that score a rating of “B” are considered uninvestable. The subadviser’s proprietary ESG ratings assesses whether a company focuses on ESG factors, integrates ESG factors into its business model, and measures such efforts. Companies that the subadviser believes have not focused on ESG factors or have a poor ESG record are assigned a rating of “B.” The subadviser uses a variety of ESG factors, which may change from time to time, as part of its rating process. These factors are further described below under “More on the fund’s investment strategies, investments and risks—Selection process.” Further, to the extent that there is a material/substantial issue with any one of the E, S or G components with respect to a company, such company will be assigned a “B” rating. The subadviser’s ESG ratings are formally reviewed at least annually. In addition, the subadviser’s research analysts monitor the companies included in the fund’s portfolio on an ongoing basis to assess the continued appropriateness of such ratings.
The subadviser seeks to invest over the long term in large-capitalization companies that are considered to be of high quality with sustainable competitive advantages as evidenced by high returns on capital, strong balance sheets, and capable management teams that allocate capital in an efficient manner. The subadviser seeks to invest in leadership companies where the portfolio managers believe the market price underestimates the magnitude of future growth. Leadership may be assessed both quantitatively and qualitatively. The subadviser seeks to select securities of companies that are category leaders with characteristics to sustain that position and grow market share consistently. The subadviser performs rigorous analysis to understand company fundamentals, key competitive dynamics and industry structure with the belief that the best business models win over time. The subadviser seeks to identify social or economic trends that will have an impact on the economy as a whole to support multi-year investment opportunities, allowing for compounding of earnings and cash flow. The subadviser seeks companies with self-funding business models with significant recurring revenue and businesses with the ability to generate superior free cash flow over time. In addition, the subadviser takes a disciplined approach to valuation and stress tests the sustainability of profitability and growth. The subadviser will also consider emerging companies with promising future prospects that may not yet have demonstrated substantial profitability.
The subadviser will utilize fundamental analysis to identify investment candidates with these attributes, and evaluate industry dynamics, the strength of the business model and management skill. Valuation will be carefully examined using a variety of techniques that depend on the type of company being researched. Methods typically used are discounted cash flow analysis, market implied growth and returns relative to the subadviser’s expectations, multiple comparisons and scenario analysis.
It is also the subadviser’s intention to engage and encourage management to improve in certain ESG areas identified by the subadviser through the sector analysts’ lead engagement. The subadviser engages and encourages management to improve in certain ESG areas in a variety of ways, including through ESG engagement meetings with management personnel of companies to discuss different topics relevant to the company’s business operations, such as labor standards, workforce diversity, supply chain, environmental targets, carbon intensity, reputation, and executive
compensation; applying proprietary methodologies to assess the outcome and progress of these meetings to inform the subadviser’s ESG rating of the companies; and through proxy voting.
The subadviser will sell a security if the issuer no longer meets its financial or ESG criteria. In addition, the subadviser will seek to replace securities when the company’s risk/reward profile is no longer favorable due to price appreciation or if the company’s investment fundamentals have deteriorated meaningfully relative to original expectations. Securities may also be sold to permit investment in an issuer considered by the subadviser to be a more attractive alternative.
As of March 31, 2023, the top sector represented by the fund’s underlying investments was information technology. This sector may change over time.
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LRGE - Performance

Return Ranking - Trailing

Period LRGE Return Category Return Low Category Return High Rank in Category (%)
YTD 12.6% -9.6% 28.7% 45.43%
1 Yr 47.0% -11.6% 75.4% 26.48%
3 Yr 11.5%* -26.6% 33.9% 17.82%
5 Yr 16.3%* -14.4% 30.8% 32.23%
10 Yr N/A* -5.3% 19.1% 78.55%

* Annualized

Return Ranking - Calendar

Period LRGE Return Category Return Low Category Return High Rank in Category (%)
2023 46.2% -74.1% 72.4% 9.97%
2022 -32.8% -85.9% 4.7% 41.70%
2021 21.5% -52.4% 60.5% 12.02%
2020 31.4% -34.3% 145.0% 31.68%
2019 32.9% -21.8% 49.4% 12.12%

Total Return Ranking - Trailing

Period LRGE Return Category Return Low Category Return High Rank in Category (%)
YTD 12.6% -9.6% 28.7% 45.43%
1 Yr 47.0% -11.6% 75.4% 26.48%
3 Yr 11.5%* -26.6% 33.9% 17.82%
5 Yr 16.3%* -14.4% 30.8% 32.23%
10 Yr N/A* -5.3% 19.1% N/A

* Annualized

Total Return Ranking - Calendar

Period LRGE Return Category Return Low Category Return High Rank in Category (%)
2023 46.4% -4.6% 72.4% 14.09%
2022 -31.4% -61.7% 5.6% 57.08%
2021 22.9% -39.8% 118.1% 42.53%
2020 31.9% 2.8% 149.2% 62.64%
2019 33.4% -5.2% 49.4% 46.92%

LRGE - Holdings

Concentration Analysis

LRGE Category Low Category High LRGE % Rank
Net Assets 209 M 242 K 222 B 74.37%
Number of Holdings 43 1 3217 74.11%
Net Assets in Top 10 89.9 M 104 K 111 B 77.91%
Weighting of Top 10 48.62% 0.7% 205.0% 56.72%

Top 10 Holdings

  1. Microsoft Corp 8.78%
  2. Amazon.com Inc 7.62%
  3. NVIDIA Corp 5.81%
  4. Meta Platforms Inc 4.96%
  5. Visa Inc 4.60%
  6. Apple Inc 4.58%
  7. Netflix Inc 3.45%
  8. UnitedHealth Group Inc 3.30%
  9. JPMorgan 100% US Treasury Securities Money Market Fund 2.77%
  10. Palo Alto Networks Inc 2.77%

Asset Allocation

Weighting Return Low Return High LRGE % Rank
Stocks
97.25% 0.00% 130.05% 78.58%
Cash
2.77% -1.50% 173.52% 21.08%
Preferred Stocks
0.00% 0.00% 7.84% 51.43%
Other
0.00% -43.49% 59.52% 52.53%
Convertible Bonds
0.00% 0.00% 1.94% 42.82%
Bonds
0.00% 0.00% 104.15% 46.29%

Stock Sector Breakdown

Weighting Return Low Return High LRGE % Rank
Technology
34.12% 0.00% 65.70% 58.61%
Healthcare
17.01% 0.00% 39.76% 17.31%
Consumer Cyclical
16.92% 0.00% 62.57% 40.46%
Industrials
9.71% 0.00% 30.65% 13.09%
Financial Services
9.35% 0.00% 43.06% 48.56%
Communication Services
7.60% 0.00% 66.40% 75.68%
Consumer Defense
2.35% 0.00% 25.50% 67.15%
Real Estate
1.72% 0.00% 16.05% 35.98%
Basic Materials
1.21% 0.00% 18.91% 48.48%
Utilities
0.00% 0.00% 16.07% 61.15%
Energy
0.00% 0.00% 41.09% 74.58%

Stock Geographic Breakdown

Weighting Return Low Return High LRGE % Rank
US
97.25% 0.00% 130.05% 63.83%
Non US
0.00% 0.00% 78.10% 61.05%

LRGE - Expenses

Operational Fees

LRGE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.47% 0.01% 19.54% 89.69%
Management Fee 0.47% 0.00% 1.50% 22.69%
12b-1 Fee 0.00% 0.00% 1.00% 9.29%
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

LRGE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

LRGE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LRGE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 0.00% 316.74% 7.35%

LRGE - Distributions

Dividend Yield Analysis

LRGE Category Low Category High LRGE % Rank
Dividend Yield 0.10% 0.00% 28.41% 39.02%

Dividend Distribution Analysis

LRGE Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually SemiAnnual Annual

Net Income Ratio Analysis

LRGE Category Low Category High LRGE % Rank
Net Income Ratio 0.02% -6.13% 3.48% 23.99%

Capital Gain Distribution Analysis

LRGE Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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LRGE - Fund Manager Analysis

Managers

Margaret Vitrano


Start Date

Tenure

Tenure Rank

May 22, 2017

5.03

5.0%

Margaret co-manages the Large Cap Growth and All Cap Growth strategies. Margaret has 24 years of investment industry experience and joined a ClearBridge predecessor organization in 1997. Margaret is a member of the ClearBridge Management Committee. From 2006-2009, Margaret served on the firm's 401(k) Investment Committee, which is responsible for choosing and overseeing investments for the firm's employee retirement plan. Prior to her role at ClearBridge, Margaret was a Research Analyst for the Consumer Discretionary sector at Citigroup. Margaret earned her MBA from the Wharton School of the University of Pennsylvania and a BA in Public Policy Studies and Art History from Duke University.

Peter Bourbeau


Start Date

Tenure

Tenure Rank

May 22, 2017

5.03

5.0%

Peter co-manages the Large Cap Growth and All Cap Growth strategy products. Peter joined predecessor firm Shearson Asset Management in 1991, and has 29 years of investment industry experience. During his career, Peter has worked in trading, fund management, research, and investment marketing. A graduate of the University of Florida, Peter obtained his MBA from Fordham University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.21 3.08