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ClearBridge Sustainability Leaders Fund
CAABX (Mutual Fund)
ClearBridge Sustainability Leaders Fund
Name
As of 10/11/2024Price
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
Vitals
YTD Return
13.2%
1 yr return
27.5%
3 Yr Avg Return
4.2%
5 Yr Avg Return
N/A
Net Assets
$117 M
Holdings in Top 10
37.1%
52 WEEK LOW AND HIGH
$26.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.96%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 22.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
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
CAABX - Profile
Distributions
- YTD Total Return 13.2%
- 3 Yr Annualized Total Return 4.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.05%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameClearBridge Sustainability Leaders Fund
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateSep 30, 2021
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMary McQuillen
Fund Description
Under normal circumstances, the fund seeks to meet its investment objective by investing substantially all of its assets in common stocks and other equity securities that meet its financial and sustainability/environmental, social and governance (“ESG”) criteria. The fund may also invest in companies that the subadviser believes are making substantial progress toward becoming a leader in sustainability and ESG policies.
Determination of sustainability/ESG leadership is based on the subadviser’s proprietary research approach. The subadviser will exercise judgment to determine ESG best practices based on its long standing experience managing ESG investment strategies through an established proprietary process. Leadership may be assessed both quantitatively and qualitatively, through the subadviser’s ESG ratings system and direct research and engagement process.
The ESG and sustainability evaluation is integrated into a thorough assessment of investment worthiness based on financial criteria. The subadviser seeks to invest over the long term in 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 will also consider emerging companies with promising future prospects that may not yet have demonstrated substantial profitability. The subadviser will utilize quantitative and 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.
A sustainable company, in the subadviser’s view, is one that (1) offers products and services that have a positive impact on society (as described below) and (2) has well defined strategies in place to ensure longevity as an investment. The subadviser seeks to invest in companies that go beyond doing less harm to people and the planet relative to its peers, but also, in many cases, offer solutions to address negative impact from the actions of
less responsible companies and industries. Further, sustainability is not limited to environmental stewardship, but also includes a company’s policies in regard to treating employees fairly and furthering their professional development, interacting in a positive way within its local community, promoting safety at all times, managing its supply chain responsibly, and employing corporate governance practices that are shareholder friendly and transparent.
The subadviser will seek to limit its investments to only those companies whose overall ESG profile it judges to be very strong. It is also the subadviser’s intention to engage and encourage management to improve in certain ESG areas identified by the subadviser.
Leadership ESG characteristics and weightings are determined by sector, but also share common traits such as transparency, management involvement, innovation, long-term view, and willingness to engage investors on sustainability matters. Leadership, in the subadviser’s view, is associated with a company that is showing evidence of best practices of ESG policies within its given sector or industry. The subadviser may also identify potential investments in companies that have attractive early leadership qualities based on proprietary research. The portfolio managers will exercise their judgment in applying the ESG ratings system.
The fund will not invest in companies with significant direct involvement in extraction of fossil fuels and mining, and instead will seek other attractive sustainable opportunities in the energy, industrials, and materials sectors. Direct involvement in fossil-fuel extraction and mining would be inclusive of companies that derive revenues primarily from: extraction and/or burning of coal; mining of metals or minerals; exploration and production of oil and gas; and refining of fossil fuels. The fund may invest in companies that provide equipment and services to the energy and mining sectors.
The subadviser will sell a security if the issuer no longer meets its ESG and financial 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.
The fund emphasizes investments in common stocks and other equity securities of U.S. companies; however, it may invest in equity securities of foreign issuers.
The fund is classified as “non-diversified,” which means it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund.
CAABX - Performance
Return Ranking - Trailing
| Period | CAABX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.2% | -59.4% | 39.1% | 95.06% |
| 1 Yr | 27.5% | -54.9% | 57.0% | 88.64% |
| 3 Yr | 4.2%* | -23.6% | 17.2% | 4.33% |
| 5 Yr | N/A* | -7.7% | 111.4% | 1.62% |
| 10 Yr | N/A* | 0.6% | 53.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | CAABX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.4% | -42.6% | 47.4% | 64.74% |
| 2022 | -21.8% | -56.3% | -4.2% | 56.75% |
| 2021 | N/A | -27.2% | 537.8% | N/A |
| 2020 | N/A | -22.5% | 2181.7% | N/A |
| 2019 | N/A | -13.5% | 40.4% | N/A |
Total Return Ranking - Trailing
| Period | CAABX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.2% | -59.4% | 39.1% | 95.06% |
| 1 Yr | 27.5% | -54.9% | 57.0% | 88.64% |
| 3 Yr | 4.2%* | -23.6% | 17.2% | 4.10% |
| 5 Yr | N/A* | -7.7% | 111.4% | 1.84% |
| 10 Yr | N/A* | 0.6% | 53.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | CAABX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.4% | -5.0% | 47.4% | 87.00% |
| 2022 | -21.7% | -36.8% | -2.2% | 90.43% |
| 2021 | N/A | 3.0% | 537.8% | N/A |
| 2020 | N/A | -15.8% | 2266.0% | N/A |
| 2019 | N/A | -0.4% | 241.3% | N/A |
NAV & Total Return History
CAABX - Holdings
Concentration Analysis
| CAABX | Category Low | Category High | CAABX % Rank | |
|---|---|---|---|---|
| Net Assets | 117 M | 2.34 M | 1.55 T | 87.04% |
| Number of Holdings | 54 | 2 | 4002 | 75.30% |
| Net Assets in Top 10 | 45.8 M | 979 K | 517 B | 86.88% |
| Weighting of Top 10 | 37.13% | 0.3% | 112.9% | 49.67% |
Top 10 Holdings
- MICROSOFT CORP 7.91%
- APPLE INC 5.53%
- JPMorgan Chase Co 4.32%
- Alphabet Inc 3.93%
- Amazon.com Inc 3.36%
- Eaton Corp PLC 2.53%
- Broadcom Inc 2.48%
- UNITEDHEALTH GROUP INC 2.38%
- Home Depot Inc/The 2.35%
- Danaher Corp 2.34%
Asset Allocation
| Weighting | Return Low | Return High | CAABX % Rank | |
|---|---|---|---|---|
| Stocks | 99.84% | 0.00% | 105.85% | 11.98% |
| Cash | 0.16% | 0.00% | 99.07% | 82.83% |
| Preferred Stocks | 0.00% | 0.00% | 2.53% | 55.71% |
| Other | 0.00% | -13.91% | 100.00% | 65.67% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 53.29% |
| Bonds | 0.00% | 0.00% | 94.06% | 56.84% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CAABX % Rank | |
|---|---|---|---|---|
| Technology | 28.59% | 0.00% | 48.94% | 8.74% |
| Consumer Cyclical | 16.67% | 0.00% | 30.33% | 3.30% |
| Healthcare | 15.55% | 0.00% | 52.29% | 28.11% |
| Financial Services | 15.45% | 0.00% | 55.59% | 25.64% |
| Industrials | 8.41% | 0.00% | 29.90% | 59.52% |
| Consumer Defense | 6.54% | 0.00% | 47.71% | 58.86% |
| Utilities | 3.43% | 0.00% | 20.91% | 18.30% |
| Communication Services | 2.99% | 0.00% | 27.94% | 91.84% |
| Real Estate | 1.24% | 0.00% | 31.91% | 80.13% |
| Basic Materials | 1.13% | 0.00% | 25.70% | 87.80% |
| Energy | 0.00% | 0.00% | 41.64% | 92.91% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CAABX % Rank | |
|---|---|---|---|---|
| US | 99.84% | 0.00% | 105.85% | 10.20% |
| Non US | 0.00% | 0.00% | 64.54% | 62.75% |
CAABX - Expenses
Operational Fees
| CAABX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.96% | 0.01% | 19.75% | 5.46% |
| Management Fee | 0.65% | 0.00% | 1.90% | 73.23% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 92.35% |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| CAABX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 57.14% |
Trading Fees
| CAABX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| CAABX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 22.00% | 0.00% | 268.00% | 44.73% |
CAABX - Distributions
Dividend Yield Analysis
| CAABX | Category Low | Category High | CAABX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 25.47% | 95.54% |
Dividend Distribution Analysis
| CAABX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| CAABX | Category Low | Category High | CAABX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.05% | -54.00% | 2.44% | 86.60% |
Capital Gain Distribution Analysis
| CAABX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2022 | $0.015 | OrdinaryDividend |
| Dec 03, 2021 | $0.363 | OrdinaryDividend |
CAABX - Fund Manager Analysis
Managers
Mary McQuillen
Start Date
Tenure
Tenure Rank
Mar 31, 2015
7.17
7.2%
Head of Environmental, Social and Governance Investment, Industry since 1996, Firm since 1996, Columbia Business School - MBA, Fordham University - BS, Member of the ClearBridge Investments Proxy Committee. Mary Jane serves on the Board of Directors for the Sustainable Investments Institute (Si2). She is a former Board member of the IRRC Institute and the CFA Society of New York. She is also a former Board member of the Forum for Sustainable and Responsible Investment (US SIF). Mary Jane is a member of the UN Principles for Responsible Investment (UN PRI) Listed Equities Steering Committee and the ESG Integration Sub-Committee.
Derek Deutsch
Start Date
Tenure
Tenure Rank
Mar 31, 2015
7.17
7.2%
Derek co-manages the Mid Cap, Mid Cap Growth, SMID Cap Growth and Sustainability Leaders Strategy products. Derek has 21 years of investment industry experience. He joined a predecessor organization in 1999, and spent six years as an equity research analyst responsible for the health care sector. Prior to joining the firm, Derek worked as a special assistant at the U.S. Department of Health and Human Services in Washington, D.C., and also as a journalist covering health care policy for the American Political Network. Derek earned a BA from Brown University and an MBA from Georgetown University. He is a member of the CFA Institute and of the CFA Society New York.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.24 | 2.42 |
