QLMAOX
ClearBridge Variable Appreciation Portfolio
Legg Mason Partners Variable Equity Trust
Expense ratio1
0.70%
Net assets2
$1.12B
Holdings2
62
Category
US Equity
2025 return3
14.49%

Investment objective & strategy

As of April 17, 2025 · prospectus

Objective. The fund seeks long-term appreciation of capital.

Strategy. The fund invests primarily in equity securities of U.S. companies. The fund 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 equity securities of foreign issuers. The fund invests primarily in equity securities of U.S. companies. The fund 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 equity securities of foreign issuers.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $90.22M 8.04%
MICROSOFT CORP $69.48M 6.19%
ALPHABET INC CL A $60.90M 5.43%
APPLE INC $54.31M 4.84%
NETFLIX INC $35.16M 3.13%
AMAZON.COM INC $32.77M 2.92%
META PLATFORMS INC CL A $32.34M 2.88%
BROADCOM INC $32.08M 2.86%
JPMORGAN CHASE and CO $30.19M 2.69%
JOHNSON&JOHNSON $26.86M 2.39%
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Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
1
Exited
1
Increased
16
Decreased
44
Unchanged
1

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Advisers

As of December 31, 2025 · N-CEN
FirmRole
FRANKLIN TEMPLETON FUND ADVISER, LLC Adviser
Western Asset Management Company, LLC Sub-adviser
ClearBridge Investments, LLC Sub-adviser

Footnotes

  1. Expense ratio as of April 17, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

Machine-readable: JSON · Markdown. Programmatic access via the agent surface.