Longtime comanager Robert Feitler is retiring at the end of 2023, but his impending departure does not impact ClearBridge Large Cap Value's Morningstar Medalist Ratings of Silver or Bronze. While losing a long-tenured manager is a blow, Feitler's retirement after nearly 20 years managing this strategy does not come as a surprise, and this portfolio remains well supported. Feitler's departure was signaled in 2022 when ClearBridge appointed Deepon Nag as a portfolio analyst on this strategy, which is effectively a portfolio-manager-in-waiting role. Nag will join existing comanager Dmitry Khaykin on the management team effective December 2023. Khaykin began managing the fund with Feitler in 2007, so he has plenty of experience of his own to lean on. Nag was a highly regarded technology analyst as a member of ClearBridge's central analyst pool before taking the portfolio analyst role. Investors should not expect any material changes to the process, and the two managers will continue to draw on insights from ClearBridge's capable central research team.
- NAV / 1-Day Return 39.51 / 0.25 %
- Total Assets 2.8 Bil
-
Adj. Expense Ratio
0.540%
- Expense Ratio 0.540%
- Distribution Fee Level Below Average
- Share Class Type Institutional
- Category Large Value
- Investment Style Large Value
- Min. Initial Investment 1,000,000
- Status Open
- TTM Yield 1.43%
- Turnover 17%
Morningstar’s Analysis LMLSX
Will LMLSX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings 45
- Bond Holdings 0
- Other Holdings 3
- % Assets in Top 10 Holdings 34.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector