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SOPAX ClearBridge Dividend Strategy A

  • Fund
  • SOPAX
  • Price as of: Feb 20, 2018
  • $23.32
  • - $0.19
  • - 0.81%
  • Category
  • Large Cap Value Equities

SOPAX - Profile

Vitals

  • YTD Return -0.9%
  • 3 Yr Annualized Return 11.9%
  • 5 Yr Annualized Return 12.9%
  • Net Assets $6.46 B
  • Holdings in Top 10 25.6%

52 WEEK LOW AND HIGH

$23.32
$21.96
$24.91

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.14%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.00%

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 -0.9%
  • 3 Yr Annualized Total Return 9.7%
  • 5 Yr Annualized Total Return 11.6%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.43%
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 -0.9% -83.3% 18.8% 74.98% 5
1 Yr 22.6% -47.2% 41.9% 21.38% 2
3 Yr 11.9% * -15.3% 18.3% 35.72% 2
5 Yr 12.9% * -0.1% 16.8% 46.41% 3
10 Yr 8.3% * -0.5% 12.1% 29.83% 2

* Annualized


Return Ranking - Calendar

Period SOPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 10.9% -40.1% 138.1% 33.89% 2
2016 11.6% -22.6% 180.5% 29.48% 2
2015 -6.1% -47.3% 35.3% 27.30% 2
2014 10.9% -46.4% 35.8% 14.88% 1
2013 23.7% -13.6% 45.0% 58.00% 4

Total Return Ranking - Trailing

Period SOPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.9% -83.3% 18.8% 74.83% 5
1 Yr 15.5% -51.7% 110.4% 66.31% 4
3 Yr 9.7% * -11.2% 19.9% 65.99% 4
5 Yr 11.6% * -0.1% 16.8% 69.56% 4
10 Yr 7.7% * 1.9% 12.1% 43.68% 3

* Annualized


Total Return Ranking - Calendar

Period SOPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 10.9% -23.8% 138.1% 34.12% 2
2016 12.7% -22.5% 187.5% 29.20% 2
2015 -4.8% -26.0% 57.4% 60.53% 4
2014 13.3% -14.3% 70.7% 39.40% 2
2013 27.4% -21.5% 289.2% 86.46% 5

NAV & Total Return History

SOPAX - Holdings

Filings data as of: Dec 31, 2017

Concentration Analysis

SOPAX Category Low Category High SOPAX % Rank Quintile
Net Assets 6.46 B 98.9 K 101 B 4.00% 1
Number of Holdings 73 1 924 11.51% 3
Net Assets in Top 10 1.6 B 0 28.8 B 4.00% 1
Weighting of Top 10 25.6% 0.0% 100.1% 22.17% 4

Top 10 Holdings

  1. Berkshire Hathaway Inc B 4.07%
  2. The Home Depot Inc 2.65%
  3. Nestle SA ADR 2.37%
  4. Microsoft Corp 2.74%
  5. Alphabet Inc C 2.51%
  6. Blackstone Group LP 2.20%
  7. Texas Instruments Inc 2.39%
  8. Union Pacific Corp 2.27%
  9. 3M Co 2.18%
  10. Procter & Gamble Co 2.20%

Asset Allocation

Weighting Category Low Category High SOPAX % Rank Quintile
Stocks
96.27% 0.00% 133.72% 18.65% 4
Cash
2.92% -33.73% 100.00% 9.04% 2
Other
0.51% -2.07% 6.23% 4.85% 1
Preferred Stocks
0.30% 0.00% 33.44% 3.24% 1
Convertible Bonds
0.00% 0.00% 87.52% 2.19% 2
Bonds
0.00% -1.36% 70.17% 5.61% 2

Stock Sector Breakdown

Weighting Category Low Category High SOPAX % Rank Quintile
Financial Services
20.18% 0.00% 42.65% 21.83% 4
Consumer Defense
15.83% -0.91% 37.65% 1.43% 1
Technology
10.88% 0.00% 27.94% 14.97% 3
Industrials
9.87% 0.00% 33.96% 13.73% 3
Consumer Cyclical
9.14% 0.00% 33.03% 11.53% 2
Energy
6.55% 0.00% 21.14% 23.07% 5
Healthcare
6.28% 0.00% 29.91% 28.50% 5
Basic Materials
6.15% 0.00% 19.61% 3.72% 1
Communication Services
5.88% 0.00% 17.23% 4.00% 1
Utilities
4.71% -0.18% 75.56% 9.91% 2
Real Estate
0.79% -0.26% 25.23% 17.73% 4

Stock Geographic Breakdown

Weighting Category Low Category High SOPAX % Rank Quintile
US
89.64% 0.00% 132.49% 18.46% 3
Non US
6.63% 0.00% 98.78% 13.80% 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% 14.75% 3
Management Fee 0.66% 0.00% 1.20% 3.14% 4
12b-1 Fee 0.25% 0.00% 1.00% 2.14% 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% 0.57% 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 9.00% 0.00% 221.00% 15.70% 1

SOPAX - Distributions

Dividend Yield Analysis

SOPAX Category Low Category High SOPAX % Rank Quintile
Dividend Yield 0.3% 0.00% 3.76% 25.82% 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 1.43% -2.34% 4.47% 12.84% 3

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

8.49

Tenure Rank

6.0%

Mr. Vanderlee is a Managing Director and Portfolio Manager at ClearBridge. He joined ClearBridge or its predecessor companies in 1999. He’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. Mr. Vanderlee 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

8.49

Tenure Rank

6.0%

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.


Scott Glasser

Manager

Start Date

Dec 31, 2017

Tenure

0.08

Tenure Rank

15.1%

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


Tenure Analysis

Category Low

0.0

Category High

39.4

Category Average

7.18

Category Mode

3.0