Investment objective & strategy
As of April 17, 2025 · prospectusObjective. The fund seeks long-term growth of capital as its primary investment objective.
Strategy. Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities, or other investments with similar economic characteristics, of companies with large market capitalizations. Large capitalization companies are those companies with market capitalizations similar to companies in the Russell 1000 Index (the Index). The size of the companies in the Index changes with market conditions and the composition of the Index. Securities of companies whose market capitalizations no longer meet this definition after purchase by the fund still will be considered securities of large capitalization companies for purposes of the funds 80% investment policy. The fund may invest up to 20% of its net assets (at the time … Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities, or other investments with similar economic characteristics, of companies with large market capitalizations. Large capitalization companies are those companies with market capitalizations similar to companies in the Russell 1000 Index (the Index). The size of the companies in the Index changes with market conditions and the composition of the Index. Securities of companies whose market capitalizations no longer meet this definition after purchase by the fund still will be considered securities of large capitalization companies for purposes of the funds 80% investment policy. The fund may invest up to 20% of its net assets (at the time of investment) in foreign securities.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| JPMORGAN CHASE and CO | — | $11.25M | 4.24% |
| JOHNSON&JOHNSON | — | $10.52M | 3.96% |
| XPO LOGISTICS INC | — | $7.76M | 2.92% |
| CHEVRON CORP | — | $6.98M | 2.63% |
| PARKER HANNIFIN CORP | — | $6.89M | 2.60% |
| ALPHABET INC CL A | — | $6.89M | 2.59% |
| CONOCOPHILLIPS | — | $6.84M | 2.58% |
| AIR PRODUCTS and CHEMICALS INC | — | $6.67M | 2.51% |
| WEC ENERGY GROUP INC | — | $6.53M | 2.46% |
| SCHWAB CHARLES CORP | — | $6.49M | 2.44% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How 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.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Large-Cap Value Portfolio | 98% | 0.62% |
| ClearBridge Large Cap Value Fund · SINAX, SINOX, SAIFX, LCBVX, LMLSX, LCLIX | 95% | 0.44% |
| Franklin ClearBridge Enhanced Income ETF · YLDE | 43% | 0.48% |
Advisers
| Firm | Role |
|---|---|
| FRANKLIN TEMPLETON FUND ADVISER, LLC | Adviser |
| Western Asset Management Company, LLC | Sub-adviser |
| ClearBridge Investments, LLC | Sub-adviser |
Footnotes
- Expense ratio as of April 17, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- 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).
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