ClearBridge Appreciation Fund Class A SHAPX

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SHAPX’s performance objective and investment process is for both security selection and portfolio construction.

The People Pillar is our evaluation of the SHAPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

The Parent Pillar is our rating of SHAPX’s parent organization’s priorities and whether they’re in line with investors’ interests.