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ClearBridge Appreciation C SAPCX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 31.06  /  −0.51 %
  • Total Assets 8.2 Bil
  • Adj. Expense Ratio
    1.650%
  • Expense Ratio 1.650%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Large Blend
  • Investment Style Large Blend
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield
  • Turnover 13%

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:18 PM GMT+0

Morningstar’s Analysis SAPCX

Will SAPCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Longtime PM Is Stepping Aside; Ratings Unchanged

null Jack Shannon

Jack Shannon

Analyst Note

Longtime comanager Scott Glasser is stepping off this strategy effective Dec. 31, 2024, to focus his energies solely on his role as chief investment officer of ClearBridge. Glasser began managing this portfolio at the end of 2001, and over his 20-plus years at the helm, this strategy’s I shares effectively matched the Russell 1000 Index, albeit with lower volatility, and thus, better risk-adjusted results. This move is not very surprising; Glasser is nearing the end of his career, and Stephen Rigo was named a portfolio manager in September 2022 in what was a succession-planning move. Glasser’s experience will be missed, but Michael Kagan, who began managing this portfolio alongside Glasser in August 2009, remains as a veteran comanager beside Rigo. Like Glasser, Kagan is also closer to the end of his career than the beginning. However, he probably has a bit longer runway than Glasser, and he expressed to Morningstar in early 2023 that he has no imminent plans of retirement. ClearBridge is committed to a multimanager model for running portfolios, so even in the event of Kagan’s departure, investors should expect ClearBridge to name a replacement to manage alongside Rigo.

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Portfolio Holdings SAPCX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 36.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

8.67 743.4 Mil
Technology

Apple Inc

4.75 407.8 Mil
Technology

Berkshire Hathaway Inc Class A

3.74 321.0 Mil
Financial Services

Amazon.com Inc

3.51 301.3 Mil
Consumer Cyclical

NVIDIA Corp

3.08 264.5 Mil
Technology

Visa Inc Class A

2.80 240.4 Mil
Financial Services

JPMorgan Chase & Co

2.69 230.7 Mil
Financial Services

Meta Platforms Inc Class A

2.42 207.5 Mil
Communication Services

Merck & Co Inc

2.36 202.3 Mil
Healthcare

Eli Lilly and Co

2.13 182.3 Mil
Healthcare