Investment objective & strategy
As of Feb. 24, 2026 · prospectusObjective. The fund seeks long-term capital growth.
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 medium capitalization companies. Medium capitalization companies are defined as those companies whose market capitalization values are in the range of the market capitalization values of the constituents of the S&P MidCap 400 Index or the Russell Midcap Index, as determined from time to time. Securities of companies whose market capitalizations no longer meet this definition after purchase by the fund still will be considered to be securities of medium capitalization companies for purposes of the funds 80% investment policy. The fund may invest up to 20% of its assets … 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 medium capitalization companies. Medium capitalization companies are defined as those companies whose market capitalization values are in the range of the market capitalization values of the constituents of the S&P MidCap 400 Index or the Russell Midcap Index, as determined from time to time. Securities of companies whose market capitalizations no longer meet this definition after purchase by the fund still will be considered to be securities of medium capitalization companies for purposes of the funds 80% investment policy. The fund may invest up to 20% of its assets in equity securities of companies other than medium capitalization companies. The fund may also invest up to 25% of its net assets in securities of foreign issuers.
Top holdings
As of April 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| CASEY'S GENERAL | — | $51.80M | 3.28% |
| TELEDYNE TECHNOLOGIES INC | — | $50.38M | 3.19% |
| API GROUP CORP | — | $46.31M | 2.93% |
| EQT CORPORATION | — | $46.26M | 2.93% |
| DTE ENERGY CO | — | $45.51M | 2.88% |
| CLEAN HARBORS INC | — | $45.34M | 2.87% |
| VISTRA CORP | — | $41.04M | 2.60% |
| REGAL REXNORD CORP | — | $39.78M | 2.52% |
| MICROCHIP TECHNOLOGY | — | $38.28M | 2.42% |
| PERFORMANCE FOOD GROUP CO | — | $37.04M | 2.34% |
Portfolio moves
Jan 30, 2026 → Apr 30, 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. |
|---|---|---|
| ClearBridge Variable Mid Cap Portfolio · QLMMIX, QLMPTX | 94% | 0.81% |
| ClearBridge Mid Cap Growth Fund · LBGAX, LBGCX, LCMRX, LBGIX, LCMIX | 42% | 0.75% |
| ClearBridge Select Fund · LCLAX, LCLCX, LCBSX, CBSCX, LCSSX, LBFIX | 22% | 0.99% |
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 February 24, 2026, from the fund's prospectus.
- Net assets and holdings count as of April 30, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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