Investment objective & strategy
As of Feb. 24, 2026 · 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. 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.
Top holdings
As of April 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| JPMORGAN CHASE and CO | — | $101.10M | 4.26% |
| JOHNSON&JOHNSON | — | $83.55M | 3.52% |
| ALPHABET INC CL A | — | $81.45M | 3.43% |
| INTEL CORP | — | $76.03M | 3.20% |
| XPO LOGISTICS INC | — | $72.37M | 3.05% |
| MICROCHIP TECHNOLOGY | — | $63.27M | 2.66% |
| PARKER HANNIFIN CORP | — | $58.18M | 2.45% |
| AIR PRODUCTS and CHEMICALS INC | — | $58.17M | 2.45% |
| BROADCOM INC | — | $57.66M | 2.43% |
| TAIWAN SEMIC MFG CO LTD SP ADR | — | $56.68M | 2.39% |
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 Large Cap Value Portfolio · QLMVIX | 95% | 0.72% |
| Large-Cap Value Portfolio | 93% | 0.62% |
| Franklin ClearBridge Enhanced Income ETF · YLDE | 42% | 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 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. 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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