Welcome to MutualFunds.com. Please help us personalize your experience.
Thank you for your submission, we hope you enjoy your experience

Select the one that best describes you
Mutualfunds logo

SOPAX ClearBridge Dividend Strategy A

  • Fund
  • SOPAX
  • Price as of: Aug 08, 2016
  • $21.10
  • - $0.03
  • - 0.14%
  • Category
  • Large Cap Value Equities

SOPAX - Profile

Vitals

  • YTD Return 11.1%
  • 3 Yr Annualized Return 8.7%
  • 5 Yr Annualized Return 12.1%
  • Net Assets $5.5 B
  • Holdings in Top 10 26.7%

52 WEEK LOW AND HIGH

$21.10
$17.74
$21.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.14%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 11.1%
  • 3 Yr Annualized Total Return 6.6%
  • 5 Yr Annualized Total Return 10.8%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.46%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name ClearBridge Dividend Strategy Fund
  • Fund Family Name Legg Mason
  • Inception Date Nov 06, 1992
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Peter Vanderlee

Fund Description

The ClearBridge Dividend Strategy Fund Class A (SOPAX) is an actively managed fund that seeks to provide a high level of growing income. The fund does this by investing in divided-paying equities located in the United States. The fund researches stocks with long histories of paying and raising dividends. Cash flows and balance sheet strength are also analyzed.

Given its focus on equity income, the fund makes for a great subcore position in a broader equity portfolio. SOPAX is managed by ClearBridge Investments for Legg Mason.

SOPAX - Performance

Return Ranking - Trailing

Period SOPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.1% -49.0% 20.6% 4.92% 1
1 Yr 8.7% -16.5% 24.9% 6.76% 1
3 Yr 8.7% * -3.3% 12.6% 17.56% 1
5 Yr 12.1% * -0.1% 15.3% 18.87% 1
10 Yr 6.7% * 0.3% 9.5% 24.29% 2

* Annualized


Return Ranking - Calendar

Period SOPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.1% -47.3% 4.5% 25.99% 2
2014 N/A -10.5% 7.1% N/A N/A
2013 N/A 23.2% 38.5% N/A N/A
2012 N/A 9.9% 35.8% N/A N/A
2011 N/A -34.9% 7.5% N/A N/A

Total Return Ranking - Trailing

Period SOPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.1% -49.0% 20.6% 5.03% 1
1 Yr 2.5% -19.4% 21.9% 32.35% 2
3 Yr 6.6% * -3.3% 12.6% 53.08% 3
5 Yr 10.8% * -0.1% 15.3% 43.29% 3
10 Yr 6.1% * 0.3% 9.5% 36.99% 2

* Annualized


Total Return Ranking - Calendar

Period SOPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.1% -47.3% 4.5% 25.99% 2
2014 N/A -10.5% 8.7% N/A N/A
2013 N/A 31.7% 41.8% N/A N/A
2012 N/A 13.8% 43.8% N/A N/A
2011 N/A -37.1% 12.6% N/A N/A

NAV & Total Return History

SOPAX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

SOPAX Category Low Category High SOPAX % Rank Quintile
Net Assets 5.5 B 273 K 82.2 B 3.52% 1
Number of Holdings 64 1 1019 10.47% 4
Net Assets in Top 10 1.44 B 0 24.3 B 3.43% 1
Weighting of Top 10 26.7% 0.0% 100.1% 17.60% 4

Top 10 Holdings

  1. Berkshire Hathaway Inc B 3.43%
  2. The Home Depot Inc 2.83%
  3. Nestle SA ADR 2.78%
  4. Comcast Corp Class A 2.60%
  5. Microsoft Corp 2.58%
  6. American Tower Corp 2.72%
  7. Waste Management Inc 2.52%
  8. Johnson & Johnson 2.47%
  9. Texas Instruments Inc 2.39%
  10. Verizon Communications Inc 2.35%

Asset Allocation

Weighting Category Low Category High SOPAX % Rank Quintile
Stocks
94.96% 0.00% 145.57% 18.17% 4
Cash
4.20% -45.58% 100.00% 6.28% 1
Other
0.50% -2.39% 29.06% 5.80% 2
Preferred Stocks
0.35% 0.00% 16.29% 2.19% 1
Convertible Bonds
0.00% 0.00% 6.26% 1.24% 1
Bonds
0.00% -0.25% 68.80% 3.90% 2

Stock Sector Breakdown

Weighting Category Low Category High SOPAX % Rank Quintile
Industrials
14.92% 0.00% 31.23% 4.10% 1
Financial Services
13.40% 0.00% 41.32% 24.40% 5
Consumer Defense
13.31% -1.99% 26.19% 3.24% 1
Technology
10.10% 0.00% 28.40% 17.64% 4
Communication Services
9.64% -0.78% 14.21% 1.14% 1
Healthcare
8.20% 0.00% 29.91% 23.93% 5
Consumer Cyclical
7.76% 0.00% 36.79% 15.25% 3
Utilities
6.43% 0.00% 77.60% 6.48% 2
Energy
5.28% 0.00% 29.15% 23.36% 5
Basic Materials
4.97% 0.00% 18.87% 5.62% 1
Real Estate
0.95% -0.42% 20.47% 13.63% 3

Stock Geographic Breakdown

Weighting Category Low Category High SOPAX % Rank Quintile
US
90.65% 0.00% 135.19% 16.08% 3
Non US
4.31% 0.00% 97.88% 14.84% 3

SOPAX - Expenses

Operational Fees

SOPAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.14% 0.05% 21.67% 15.32% 3
Management Fee 0.71% 0.00% 1.20% 2.47% 4
12b-1 Fee 0.25% 0.00% 1.00% 1.88% 2
Administrative Fee N/A 0.00% 0.50% N/A N/A

Sales Fees

SOPAX Fees (% of AUM) Category Low Category High SOPAX Rank Quintile
Front Load 5.75% 1.00% 5.75% 0.59% 3
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

SOPAX Fees (% of AUM) Category Low Category High SOPAX Rank Quintile
Max Redemption Fee N/A 0.50% 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.

SOPAX Fees (% of AUM) Category Low Category High SOPAX Rank Quintile
Turnover 22.00% 0.00% 293.00% 12.18% 2

SOPAX - Distributions

Dividend Yield Analysis

SOPAX Category Low Category High SOPAX % Rank Quintile
Dividend Yield 0.3% 0.00% 3.58% 25.96% 2

Dividend Distribution Analysis

SOPAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

SOPAX Category Low Category High SOPAX % Rank Quintile
Net Income Ratio 1.46% -1.41% 3.44% 12.94% 2

Capital Gain Distribution Analysis

SOPAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Daily Annually

SOPAX - Managers

Peter Vanderlee

Manager

Start Date

Aug 06, 2009

Tenure

6.99

Tenure Rank

5.9%

Peter is a member of the Income Solutions team that co-manages the Equity Income and Dividend Strategy products. He is also a comanager of the Tactical Dividend Income strategy, the Energy MLP products and the LMP Capital and Income Fund. He also serves as the chairman of the ClearBridge Proxy Voting Committee. Peter has 15 years of investment management experience and 11 years of related industry experience. Peter’s investment industry experience includes a senior associate position in the Financial Services and Information Technology Group of Booz & Co. and a senior position as first vice president within the Information Technology Division of Citigroup Inc. Peter transitioned to a ClearBridge Investments predecessor firm in 1999. Peter received his MS in Math/Computer Science from the University of Technology, Eindhoven, Holland and his MBA from New York University’s Leonard N. Stern School of Business. He is a member of the CFA Institute


Michael Clarfeld

Manager

Start Date

Aug 06, 2009

Tenure

6.99

Tenure Rank

5.9%

Michael is a member of the Income Solutions team and co-manages the Dividend Strategy and Energy MLP products. He joined ClearBridge Investments in 2006 as a Research Analyst and was named a Portfolio Manager in 2009. Michael has many years of investment industry experience. Prior to joining ClearBridge, Michael served as an Equity Analyst at Hygrove Partners and was a Financial Analyst at Goldman Sachs. He is a member of the CFA Institute and of the New York Society of Security Analysts. Michael received his BA in History from Duke University.


Harry D. Cohen

Manager

Start Date

Aug 06, 2009

Tenure

6.99

Tenure Rank

5.9%

Hersh is Co-Chief Investment Officer and a Portfolio Manager for the Income Solutions team that manages the Dividend Strategy and Equity Income products, in addition to managing numerous private portfolios and retirement funds.Hersh began his career with a predecessor organization in 1969 as a portfolio manager and has 45 years of industry experience. He was appointed CIO of ClearBridge’s predecessor firm in 2004. He is a member of the ClearBridge Investments Management and Risk Committees.Hersh received his BA from Western Reserve University in 1962 (now Case Western Reserve University), and earned a PhD in Psychology from Tufts University in 1966. Hersh spends his spare time cooking and collecting American prints from the Depression era. He stays in shape by jogging, playing softball and hiking. Raised in Cleveland, he is an avid fan of the Cleveland Indians, the Cleveland Browns and the Rock and Roll Hall of Fame.


Tenure Analysis

Category Low

0.1

Category High

37.9

Category Average

6.92

Category Mode

1.6