ClearBridge Variable Large Cap Value Portfolio
Legg Mason Partners Variable Equity Trust
Expense ratio
Net assets1
$265.51M
Holdings1
57
Category
US Equity
Return

Investment objective & strategy

As of April 17, 2025 · prospectus

Objective. 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
SecurityTickerValue% 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%
View all holdings →

Allocation by sector

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

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
5
Exited
5
Increased
9
Decreased
43
Unchanged
0

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 →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet 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%
View all similar funds →

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. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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