SHAPX: ClearBridge Appreciation A

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SHAPX ClearBridge Appreciation A


Profile

SHAPX - Profile

Vitals

  • YTD Return -4.1%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 3.7%
  • Net Assets $6.71 B
  • Holdings in Top 10 33.9%

52 WEEK LOW AND HIGH

$25.18
$23.41
$27.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.95%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 10.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return -4.1%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.11%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    ClearBridge Appreciation Fund
  • Fund Family Name
    Legg Mason
  • Inception Date
    Mar 10, 1970
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Glasser

Fund Description

The fund invests primarily in equity securities of U.S. companies. It typically invests in medium and large capitalization companies, but may also invest in small capitalization companies. The fund may invest up to 20% of its net assets in the equity securities of foreign issuers.


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Categories

Performance

SHAPX - Performance

Return Ranking - Trailing

Period SHAPX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -10.5% 2.6% 64.20%
1 Yr 6.2% -73.2% 33.8% 46.26%
3 Yr 4.5%* -33.7% 55.6% 32.93%
5 Yr 3.7%* -26.6% 29.3% 28.77%
10 Yr 7.4%* -9.3% 16.0% 39.06%

* Annualized

Return Ranking - Calendar

Period SHAPX Return Category Return Low Category Return High Rank in Category (%)
2019 20.9% -72.6% 38.1% 60.20%
2018 -8.0% -67.0% 10.0% 16.77%
2017 12.5% -32.8% 302.5% 57.90%
2016 5.6% -26.1% 19.7% 61.96%
2015 -3.2% -82.5% 7.8% 33.19%

Total Return Ranking - Trailing

Period SHAPX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -10.5% 2.6% 64.20%
1 Yr 6.2% -73.2% 30.8% 46.09%
3 Yr 4.5%* -33.7% 55.6% 60.20%
5 Yr 3.7%* -16.0% 29.3% 65.86%
10 Yr 7.4%* -4.8% 17.0% 80.09%

* Annualized

Total Return Ranking - Calendar

Period SHAPX Return Category Return Low Category Return High Rank in Category (%)
2019 20.9% -72.6% 38.1% 60.45%
2018 -8.0% -67.0% 10.0% 43.44%
2017 12.5% -22.1% 302.5% 86.90%
2016 5.6% -16.4% 23.8% 84.18%
2015 -3.2% -26.4% 106.5% 63.93%

NAV & Total Return History


Holdings

SHAPX - Holdings

Concentration Analysis

SHAPX Category Low Category High SHAPX % Rank
Net Assets 6.71 B 135 K 902 B 11.88%
Number of Holdings 74 1 3587 63.86%
Net Assets in Top 10 2.3 B 46.7 K 178 B 10.99%
Weighting of Top 10 33.88% 2.2% 100.0% 27.73%

Top 10 Holdings

  1. Microsoft Corp 6.75%
  2. Apple Inc 4.11%
  3. JPMorgan Chase & Co 3.77%
  4. Berkshire Hathaway Inc A 3.38%
  5. Comcast Corp Class A 3.14%
  6. Visa Inc Class A 2.94%
  7. Facebook Inc A 2.68%
  8. The Home Depot Inc 2.40%
  9. Merck & Co Inc 2.36%
  10. UnitedHealth Group Inc 2.35%

Asset Allocation

Weighting Return Low Return High SHAPX % Rank
Stocks
98.79% 82.05% 145.87% 54.81%
Cash
1.22% -73.32% 17.34% 43.17%
Preferred Stocks
0.00% -17.98% 6.21% 67.18%
Other
0.00% -2.64% 22.43% 67.02%
Convertible Bonds
0.00% 0.00% 9.79% 65.16%
Bonds
0.00% 0.00% 47.70% 68.07%

Stock Sector Breakdown

Weighting Return Low Return High SHAPX % Rank
Financial Services
18.24% 0.00% 49.34% 29.55%
Technology
17.76% 0.00% 42.83% 65.71%
Healthcare
13.64% 0.00% 29.41% 67.43%
Communication Services
13.29% 0.00% 25.09% 8.65%
Industrials
11.15% 0.00% 30.01% 31.51%
Basic Materials
6.50% -0.14% 18.34% 5.14%
Consumer Defense
6.25% 0.00% 28.92% 75.43%
Consumer Cyclical
5.81% 0.00% 35.48% 90.86%
Energy
5.16% -1.47% 15.92% 23.43%
Real Estate
1.68% 0.00% 62.52% 72.24%
Utilities
0.51% 0.00% 19.47% 81.22%

Stock Geographic Breakdown

Weighting Return Low Return High SHAPX % Rank
US
98.18% 80.03% 144.61% 26.92%
Non US
0.61% 0.00% 19.64% 83.10%

Expenses

SHAPX - Expenses

Operational Fees

SHAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.01% 49.73% 50.58%
Management Fee 0.56% 0.00% 2.00% 53.33%
12b-1 Fee 0.25% 0.00% 1.00% 47.02%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

SHAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.50% 5.75% 28.49%
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

SHAPX 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.

SHAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 0.00% 412.00% 17.88%

Distributions

SHAPX - Distributions

Dividend Yield Analysis

SHAPX Category Low Category High SHAPX % Rank
Dividend Yield 0.00% 0.00% 16.62% 74.70%

Dividend Distribution Analysis

SHAPX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

SHAPX Category Low Category High SHAPX % Rank
Net Income Ratio 1.11% -2.85% 81.00% 51.94%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SHAPX - Fund Manager Analysis

Managers

Scott Glasser


Start Date

Tenure

Tenure Rank

Dec 31, 2001

18.1

18.1%

Scott Glasser Co-Chief Investment Officer, Managing Director, Portfolio Manager Experience: 24 years of investment industry experience Joined a predecessor organization in 1993 Member of the ClearBridge Management and Risk Committees Shearson Lehman Brothers - Portfolio Manager, Consumer Analyst Bear Stearns & Co. - Credit Analyst CIS Marketing - Account Representative MBA from Pennsylvania State University BA from Middlebury College

Michael Kagan


Start Date

Tenure

Tenure Rank

Aug 06, 2009

10.49

10.5%

"Michael manages the Large Cap Core strategy and co-manages the Appreciation strategy. He joined a predecessor organization in 1994 and has 29 years of investment industry experience. Michael is a member of the ClearBridge Management, Proxy and Brokerage Committees. Michael previously was employed as an equity analyst for Zweig Advisors and was portfolio manager of the Fidelity Select Construction and Housing Fund at Fidelity Investments. Michael received his BA in Economics from Harvard College and attended the Massachusetts Institute of Technology Sloan School of Management. "

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 41.11 6.03 0.59