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SHAPX ClearBridge Appreciation A

  • Fund
  • SHAPX
  • Price as of: Dec 02, 2016
  • $21.16
  • - $0.02
  • - 0.09%
  • Category
  • Large Cap Blend Equities

SHAPX - Profile

Vitals

  • YTD Return 6.5%
  • 3 Yr Annualized Return 7.0%
  • 5 Yr Annualized Return 11.9%
  • Net Assets $5.4 B
  • Holdings in Top 10 28.9%

52 WEEK LOW AND HIGH

$21.16
$18.23
$21.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.98%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 6.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 6.5%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return 10.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.03%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name ClearBridge Appreciation Fund
  • Fund Family Name Legg Mason
  • Inception Date Mar 10, 1970
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Scott Glasser

Fund Description

The ClearBridge Appreciation Fund Class A (SHAPX) is a low-cost, actively managed fund that seeks to grow capital over the longer term. The fund holds large-cap domestic equities that are the dominant leaders in their respective fields. The fund’s managers look at how effective management is, the company’s earnings growth, and how strong its fundamentals are.

With its focus on “best of breed” large-cap stocks, SHAPX could be used as a core option for a portfolio. The fund is managed by ClearBridge Investments.

SHAPX - Performance

Return Ranking - Trailing

Period SHAPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.5% -82.7% 186.5% 50.00% 3
1 Yr 2.1% -51.7% 28.0% 52.78% 3
3 Yr 7.0% * -14.4% 16.9% 46.27% 3
5 Yr 11.9% * -1.0% 19.4% 56.78% 3
10 Yr 6.7% * -0.2% 10.3% 20.99% 2

* Annualized


Return Ranking - Calendar

Period SHAPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.2% -46.9% 5.7% 28.39% 2
2014 6.0% -51.7% 19.5% 39.12% 3
2013 23.2% -88.0% 41.8% 63.11% 4
2012 13.6% -100.0% 42.8% 34.77% 2
2011 0.8% -27.1% 13.3% 13.97% 1

Total Return Ranking - Trailing

Period SHAPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.5% -82.7% 190.8% 56.12% 3
1 Yr -3.8% -52.5% 142.7% 84.69% 5
3 Yr 4.9% * -5.6% 57.6% 68.99% 4
5 Yr 10.6% * -1.0% 19.4% 68.68% 4
10 Yr 6.0% * -0.2% 10.3% 40.36% 3

* Annualized


Total Return Ranking - Calendar

Period SHAPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 1.5% -40.3% 13.0% 16.18% 1
2014 11.8% -24.8% 54.2% 59.40% 3
2013 35.3% -93.4% 1119.1% 69.53% 4
2012 19.8% -100.0% 282.8% 46.84% 3
2011 2.8% -43.5% 45.5% 19.16% 1

NAV & Total Return History

SHAPX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

SHAPX Category Low Category High SHAPX % Rank Quintile
Net Assets 5.4 B 9.87 K 463 B 3.30% 1
Number of Holdings 81 1 3780 13.38% 3
Net Assets in Top 10 1.62 B 13.1 K 69.4 B 3.31% 1
Weighting of Top 10 28.9% 2.2% 297.1% 17.12% 3

Top 10 Holdings

  1. Apple Inc 2.70%
  2. Comcast Corp Class A 3.77%
  3. Microsoft Corp 3.92%
  4. The Travelers Companies Inc 3.02%
  5. PPG Industries Inc 2.57%
  6. The Home Depot Inc 3.19%
  7. Berkshire Hathaway Inc A 2.52%
  8. Johnson & Johnson 2.49%
  9. Exxon Mobil Corp 2.36%
  10. JPMorgan Chase & Co 2.35%

Asset Allocation

Weighting Category Low Category High SHAPX % Rank Quintile
Stocks
93.41% 0.00% 118.62% 20.39% 4
Cash
6.59% -103.42% 132.07% 5.32% 1
Other
0.00% -81.75% 100.00% 10.86% 3
Convertible Bonds
0.00% 0.00% 83.08% 1.87% 2
Preferred Stocks
0.00% 0.00% 90.60% 3.53% 2
Bonds
0.00% -13.88% 103.49% 7.25% 2

Stock Sector Breakdown

Weighting Category Low Category High SHAPX % Rank Quintile
Healthcare
17.75% 0.00% 30.94% 3.97% 1
Technology
17.60% 0.00% 63.16% 14.56% 3
Financial Services
14.36% 0.00% 46.84% 15.65% 3
Industrials
10.59% 0.00% 48.43% 15.21% 3
Consumer Cyclical
7.59% 0.00% 47.61% 23.72% 5
Communication Services
7.53% -3.08% 17.25% 0.94% 1
Consumer Defense
7.31% 0.00% 48.03% 18.53% 4
Energy
5.40% -3.67% 22.58% 17.74% 4
Basic Materials
3.88% 0.00% 23.55% 7.93% 2
Utilities
0.98% -3.74% 25.88% 16.01% 4
Real Estate
0.42% -0.11% 12.73% 17.02% 4

Stock Geographic Breakdown

Weighting Category Low Category High SHAPX % Rank Quintile
US
91.91% 0.00% 118.15% 18.71% 4
Non US
1.50% -0.64% 94.30% 17.84% 3

SHAPX - Expenses

Operational Fees

SHAPX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.98% 0.02% 303.36% 15.22% 3
Management Fee 0.56% 0.00% 2.25% 3.52% 3
12b-1 Fee 0.25% 0.00% 1.00% 1.99% 2
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

SHAPX Fees (% of AUM) Category Low Category High SHAPX Rank Quintile
Front Load 5.75% 0.00% 5.75% 0.44% 3
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

SHAPX Fees (% of AUM) Category Low Category High SHAPX Rank Quintile
Max Redemption Fee N/A 0.15% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SHAPX Fees (% of AUM) Category Low Category High SHAPX Rank Quintile
Turnover 6.00% 0.00% 1754.00% 16.04% 1

SHAPX - Distributions

Dividend Yield Analysis

SHAPX Category Low Category High SHAPX % Rank Quintile
Dividend Yield 0.2% 0.00% 11.20% 40.51% 3

Dividend Distribution Analysis

SHAPX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

SHAPX Category Low Category High SHAPX % Rank Quintile
Net Income Ratio 1.03% -2.05% 3.95% 10.97% 3

Capital Gain Distribution Analysis

SHAPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

SHAPX - Managers

Scott Glasser

Manager

Start Date

Dec 31, 2001

Tenure

14.84

Tenure Rank

2.0%

Scott Glasser Co-Chief Investment Officer, Managing Director, Portfolio Manager Experience: 24 years of investment industry experience Joined a predecessor organization in 1993 Member of the ClearBridge Management and Risk Committees Shearson Lehman Brothers - Portfolio Manager, Consumer Analyst Bear Stearns & Co. - Credit Analyst CIS Marketing - Account Representative MBA from Pennsylvania State University BA from Middlebury College


Michael A. Kagan

Manager

Start Date

Aug 06, 2009

Tenure

7.24

Tenure Rank

5.6%

"Michael manages the Large Cap Core strategy and co-manages the Appreciation strategy. He joined a predecessor organization in 1994 and has 29 years of investment industry experience. Michael is a member of the ClearBridge Management, Proxy and Brokerage Committees. Michael previously was employed as an equity analyst for Zweig Advisors and was portfolio manager of the Fidelity Select Construction and Housing Fund at Fidelity Investments. Michael received his BA in Economics from Harvard College and attended the Massachusetts Institute of Technology Sloan School of Management. "


Tenure Analysis

Category Low

0.0

Category High

81.0

Category Average

6.06

Category Mode

4.8