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Name

As of 04/18/2024

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

ClearBridge Tactical Dividend Income Fund

CFLGX | Fund

$21.69

$330 M

3.70%

$0.80

1.41%

Vitals

YTD Return

2.0%

1 yr return

14.8%

3 Yr Avg Return

7.9%

5 Yr Avg Return

9.1%

Net Assets

$330 M

Holdings in Top 10

33.6%

52 WEEK LOW AND HIGH

$21.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.41%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 38.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/18/2024

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

ClearBridge Tactical Dividend Income Fund

CFLGX | Fund

$21.69

$330 M

3.70%

$0.80

1.41%

CFLGX - Profile

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 7.9%
  • 5 Yr Annualized Total Return 9.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.44%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    ClearBridge Tactical Dividend Income Fund
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    Mar 02, 1998
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark McAllister

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of borrowings for investment purposes, if any, in equity and equity-related securities that provide investment income, dividend payments or other distributions or in other investments with similar economic characteristics. The fund may invest in equity and equity-related securities of issuers with any market capitalization.
The fund invests in a diversified portfolio of equity and equity-related securities, including common stocks, preferred stocks, convertible preferred stocks and other securities convertible into equity securities, master limited partnerships (“MLPs”), real estate investment trusts (“REITs”), closed- end investment companies, including business development companies (“BDCs”), and royalty trusts. The fund may invest up to 50% of its net assets in foreign securities, including securities of issuers in emerging market countries.
The fund may also seek to generate current income from short-term gains earned through an option strategy which may consist of writing (selling) call options on equity securities in its portfolio (“covered calls”) and on broader equity market indexes, or writing (selling) put options on such securities or indexes. The fund’s investments in options on equity securities and equity market indexes are included in the 80% policy described above.
The fund may invest up to 20% of its assets in fixed income securities of any credit quality, including securities rated below investment grade or, if unrated, deemed by the subadviser to be of comparable quality (“high yield” or “junk” bonds). The fund’s investments in fixed income securities may include structured notes.
Read More

CFLGX - Performance

Return Ranking - Trailing

Period CFLGX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -24.4% 10.9% 74.91%
1 Yr 14.8% -18.7% 29.9% 33.97%
3 Yr 7.9%* -4.6% 29.3% 17.42%
5 Yr 9.1%* -1.8% 42.6% 49.57%
10 Yr 6.2%* 1.0% 24.3% 93.86%

* Annualized

Return Ranking - Calendar

Period CFLGX Return Category Return Low Category Return High Rank in Category (%)
2023 14.8% -24.9% 46.1% 9.94%
2022 -13.9% -65.1% 4.6% 66.76%
2021 20.9% -44.2% 57.5% 26.34%
2020 -4.8% -23.2% 285.0% 84.79%
2019 25.3% -21.4% 48.5% 11.73%

Total Return Ranking - Trailing

Period CFLGX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -24.4% 10.9% 74.91%
1 Yr 14.8% -18.7% 29.9% 33.97%
3 Yr 7.9%* -4.6% 29.3% 17.42%
5 Yr 9.1%* -1.8% 42.6% 49.57%
10 Yr 6.2%* 1.0% 24.3% 93.86%

* Annualized

Total Return Ranking - Calendar

Period CFLGX Return Category Return Low Category Return High Rank in Category (%)
2023 19.3% -15.9% 46.7% 7.93%
2022 -10.3% -42.0% 8.5% 85.55%
2021 25.7% 3.6% 129.7% 53.78%
2020 0.3% -22.6% 304.8% 74.16%
2019 30.0% -12.7% 52.1% 10.29%

NAV & Total Return History

CFLGX - Holdings

Concentration Analysis

CFLGX Category Low Category High CFLGX % Rank
Net Assets 330 M 1.09 M 163 B 68.73%
Number of Holdings 73 2 1689 55.64%
Net Assets in Top 10 108 M 420 K 33.9 B 64.51%
Weighting of Top 10 33.56% 4.8% 99.9% 27.70%

Top 10 Holdings

  1. Energy Transfer LP 5.24%
  2. Enterprise Products Partners LP 4.00%
  3. MICROSOFT CORP 3.99%
  4. Blackstone Inc 3.82%
  5. APPLE INC 3.73%
  6. Broadcom Inc 2.97%
  7. Apollo Global Management Inc 2.61%
  8. MERCK CO. INC. 2.50%
  9. Plains GP Holdings LP 2.43%
  10. MPLX LP 2.27%

Asset Allocation

Weighting Return Low Return High CFLGX % Rank
Stocks 		94.61% 1.86% 108.42% 90.18%
Preferred Stocks 		5.16% 0.00% 13.88% 1.12%
Convertible Bonds 		2.06% 0.00% 3.66% 0.52%
Cash 		0.22% -0.79% 38.18% 86.91%
Other 		0.00% -3.53% 39.72% 48.06%
Bonds 		0.00% -0.71% 73.23% 34.37%

Stock Sector Breakdown

Weighting Return Low Return High CFLGX % Rank
Energy 		22.89% 0.00% 54.00% 1.04%
Technology 		22.50% 0.00% 54.02% 3.90%
Financial Services 		16.71% 0.00% 58.05% 76.41%
Real Estate 		7.95% 0.00% 90.54% 3.73%
Industrials 		7.89% 0.00% 42.76% 85.52%
Utilities 		6.82% 0.00% 27.04% 20.12%
Healthcare 		5.79% 0.00% 30.08% 98.09%
Consumer Defense 		3.79% 0.00% 34.10% 89.59%
Basic Materials 		3.05% 0.00% 21.69% 57.68%
Communication Services 		2.61% 0.00% 26.58% 87.42%
Consumer Cyclical 		0.00% 0.00% 22.74% 99.05%

Stock Geographic Breakdown

Weighting Return Low Return High CFLGX % Rank
US 		94.61% 1.86% 108.42% 74.94%
Non US 		0.00% 0.00% 27.89% 52.02%

CFLGX - Expenses

Operational Fees

CFLGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.41% 0.03% 14.82% 20.92%
Management Fee 0.75% 0.00% 1.50% 82.77%
12b-1 Fee 0.25% 0.00% 1.00% 32.89%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

CFLGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.00% 5.75% 12.96%
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

CFLGX 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.

CFLGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.00% 0.00% 488.00% 50.45%

CFLGX - Distributions

Dividend Yield Analysis

CFLGX Category Low Category High CFLGX % Rank
Dividend Yield 3.70% 0.00% 38.45% 39.47%

Dividend Distribution Analysis

CFLGX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Quarterly

Net Income Ratio Analysis

CFLGX Category Low Category High CFLGX % Rank
Net Income Ratio 2.44% -1.51% 4.28% 6.26%

Capital Gain Distribution Analysis

CFLGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

CFLGX - Fund Manager Analysis

Managers

Mark McAllister

Start Date

Tenure

Tenure Rank

Jan 17, 2012

10.38

10.4%

Mark McAllister, CFA, and Peter Vanderlee, CFA, have served as co-portfolio managers of the fund since January 2012. Messrs. McAllister and Vanderlee are primarily responsible for overseeing the day-to-day operation of the fund and have the ultimate authority to make portfolio decisions. Mr. McAllister is a Managing Director and Senior Portfolio Manager of ClearBridge specializing in REIT portfolios. He has 27 years of investment industry experience. Mr. McAllister joined a predecessor firm of ClearBridge in 1999 and until 2007 was a Managing Director and Senior Portfolio Manager focusing on large cap value strategies. Most recently, he was a Partner at High Rise Capital Management. Previously, Mr. McAllister worked for JLW Capital Management as a Portfolio Manager, for Cohen & Steers Capital Management as a Security Analyst and Investment Committee member and for Metropolitan Life as a Real Estate Analyst.

Peter Vanderlee

Start Date

Tenure

Tenure Rank

Jan 17, 2012

10.38

10.4%

Peter Vanderlee is a Managing Director and Portfolio Manager at ClearBridgeof ClearBridge and has 20 years of industry experience and 11 years of related industry experience. He joined the subadviser or its predecessor in 2005. His investment industry experience includes a senior associate position in the Financial Services and Information Technology Group of Booz & Co. and a senior position as first vice president within the Information Technology Division of Citigroup Inc. Previously, he was with Citigroup Global Markets Inc. (“CGMI”) since 1999. Mr. Vanderlee received his MS in Math/Computer Science from the University of Technology, Eindhoven, Holland and his MBA from New York University’s Leonard N. Stern School of Business. He is a member of the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.02 16.42

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