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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$52.00

$124 M

0.30%

$0.16

0.54%

Vitals

YTD Return

10.4%

1 yr return

44.0%

3 Yr Avg Return

8.5%

5 Yr Avg Return

14.1%

Net Assets

$124 M

Holdings in Top 10

39.6%

52 WEEK LOW AND HIGH

$51.9
$36.62
$52.40

Expenses

OPERATING FEES

Expense Ratio 0.54%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 12.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$52.00

$124 M

0.30%

$0.16

0.54%

CACG - Profile

Distributions

  • YTD Total Return 10.4%
  • 3 Yr Annualized Total Return 8.5%
  • 5 Yr Annualized Total Return 14.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.12%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    ClearBridge All Cap Growth ESG ETF
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    May 03, 2017
  • Shares Outstanding
    4300000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Bourbeau

Fund Description

The fund seeks to invest in a diversified portfolio of large, medium and small capitalization stocks that have the potential for above-average long-term earnings and/or cash flow growth and meet its financial and environmental, social and governance (“ESG”) criteria. Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that meet its financial and ESG criteria. The fund’s subadviser, ClearBridge Investments, LLC (“ClearBridge” or the “subadviser”), uses a bottom-up investment process that seeks to find inefficiently priced companies with strong fundamentals, incentive-driven management teams, dominant positions in niche markets and/or goods and services that are in high customer demand. The bottom-up process used by the subadviser relies on extensive fundamental research that looks to identify companies with a range of growth opportunities while evaluating the company’s business model, financial structure and management acumen.
Research is conducted by the portfolio managers with input from the sector analysts of ClearBridge’s Fundamental Research Team. The team utilizes proprietary and independent research to identify companies whose projected rapid growth in earnings and cash flow is based on their participation in new products or markets. For large company growth stocks, the team seeks companies that exhibit superior balance sheets, exceptional management teams and long-term, consistent operating histories. The subadviser attempts to complement this core group of companies with tactical stocks that reflect themes within the prevailing market environment. When looking at small- and medium-sized company growth stocks, the subadviser focuses on companies with rapid earnings growth potential, unrecognized values, industry leadership and management teams that have a significant ownership stake.
The subadviser anticipates using a long-term approach to investing that typically results in low portfolio turnover. The subadviser, however, may take a more active approach to the portfolio, depending upon market conditions.
Determination of whether a company meets the fund’s ESG standards is based on the subadviser’s proprietary research approach. The subadviser will exercise judgment to determine ESG best practices based on its over thirty-year history managing ESG investment strategies through an established proprietary process. The subadviser utilizes a fundamental, bottom-up research approach that emphasizes company analysis, management and stock selection. The subadviser’s proprietary research and analysis generally incorporates information and data obtained from a variety of third-party research providers as supplementary to the subadviser’s own proprietary research and analysis. The subadviser has the right to change the third-party service providers that support this process at any time.
In addition, certain types of companies are excluded from the investment universe. Companies in the tobacco and coal industries are excluded, and companies earning a significant portion of their revenue (in general, approximately 10-15% or more) from controversial arms (e.g., nuclear, chemical and biological weapons; cluster munitions and anti-personnel landmines) or gambling are also excluded. The subadviser may modify this list of prohibited investments, including revenue thresholds or any particular exclusion, at any time, without shareholder approval or notice.
The ESG evaluation is integrated into a thorough assessment of investment worthiness based on financial criteria as well as ESG considerations including innovative workplace policies, employee benefits and programs; environmental management system strength, eco-efficiency, and life-cycle analysis; community involvement, strategic philanthropy, and reputation management; and strong corporate governance and independence of the board. The ESG analysis is conducted by the subadviser’s sector analysts on a sector-specific basis, and a proprietary ESG rating is assigned to each company. The weightings of the E, S and G factors are determined by the subadviser for each respective sector and sub-sectors.
All companies are assigned a proprietary ClearBridge ESG rating (A, AA, AAA). Companies that score a rating of “B” are considered uninvestable. The subadviser’s proprietary ESG ratings assesses whether a company focuses on ESG factors, integrates ESG factors into its business model, and measures such efforts. Companies that the subadviser believes have not focused on ESG factors or have a poor ESG record are assigned a rating of “B.” The subadviser uses a variety of ESG factors, which may change from time to time, as part of its rating process. These factors are further described below under “More on the fund’s investment strategies, investments and risks—Principal investment strategies.” Further, to the extent that there is a material/substantial issue with any one of the E, S or G components with respect to a company, such company will be assigned a “B” rating. The subadviser’s ESG ratings are formally reviewed at least annually. In addition, the subadviser’s research analysts monitor the companies included in the fund’s portfolio on an ongoing basis to assess the continued appropriateness of such ratings.
The subadviser seeks to invest over the long-term in companies that the subadviser considers to be of high quality with competitive advantages that can be maintained as evidenced by high returns on capital, strong balance sheets, and capable management teams that allocate capital in an efficient manner. The subadviser seeks to invest in leadership companies where the portfolio managers believe the market price underestimates the magnitude of future growth. Leadership may be assessed both quantitatively and qualitatively. The subadviser seeks to select securities of companies that are category leaders with characteristics to sustain that position and grow market share consistently. The subadviser performs rigorous analysis to understand company fundamentals, key competitive dynamics, and industry structure with the belief that the best business models win over time. The subadviser seeks to identify social or economic trends that will have an impact on the economy as a whole to support multi-year investment opportunities, allowing for compounding of earnings and cash flow. The subadviser seeks companies with self-funding business models with significant recurring revenue and businesses with the ability to generate superior free cash flow over time. In addition, the subadviser takes a disciplined approach to valuation and stress tests the sustainability of profitability and growth. The subadviser will also consider emerging companies with promising future prospects that may not yet have demonstrated substantial profitability.
The subadviser will utilize fundamental analysis to identify investment candidates with these attributes, and evaluate industry dynamics, the strength of the business model and management skill. Valuation will be carefully examined using a variety of techniques that depend on the type of company being researched. Methods typically used are discounted cash flow analysis, market implied growth and returns relative to the subadviser’s expectations, multiple comparisons and scenario analysis. The subadviser will sell a security if the issuer no longer meets its financial or ESG criteria.
It is also the subadviser’s intention to engage and encourage management to improve in certain ESG areas identified by the subadviser through the sector analysts’ lead engagement. The subadviser engages and encourages management to improve in certain ESG areas in a variety of ways, including through ESG engagement meetings with management personnel of companies to discuss different topics relevant to the company’s business operations, such as labor standards, workforce diversity, supply chain, environmental targets, carbon intensity, reputation, and executive compensation; applying proprietary methodologies to assess the outcome and progress of these meetings to inform the subadviser’s ESG rating of the companies; and through proxy voting.
As of March 31, 2023, the top sector represented by the fund’s underlying investments was information technology. This sector may change over time.
Read More

CACG - Performance

Return Ranking - Trailing

Period CACG Return Category Return Low Category Return High Rank in Category (%)
YTD 10.4% -9.6% 28.7% 68.06%
1 Yr 44.0% -11.6% 75.4% 44.47%
3 Yr 8.5%* -26.6% 33.9% 53.64%
5 Yr 14.1%* -14.4% 30.8% 68.91%
10 Yr N/A* -5.3% 19.1% 80.81%

* Annualized

Return Ranking - Calendar

Period CACG Return Category Return Low Category Return High Rank in Category (%)
2023 42.4% -74.1% 72.4% 19.85%
2022 -34.7% -85.9% 4.7% 53.58%
2021 15.1% -52.4% 60.5% 26.79%
2020 27.8% -34.3% 145.0% 43.59%
2019 28.9% -21.8% 49.4% 24.62%

Total Return Ranking - Trailing

Period CACG Return Category Return Low Category Return High Rank in Category (%)
YTD 10.4% -9.6% 28.7% 68.06%
1 Yr 44.0% -11.6% 75.4% 44.47%
3 Yr 8.5%* -26.6% 33.9% 53.64%
5 Yr 14.1%* -14.4% 30.8% 68.91%
10 Yr N/A* -5.3% 19.1% N/A

* Annualized

Total Return Ranking - Calendar

Period CACG Return Category Return Low Category Return High Rank in Category (%)
2023 42.8% -4.6% 72.4% 26.98%
2022 -29.9% -61.7% 5.6% 43.18%
2021 18.4% -39.8% 118.1% 69.41%
2020 28.4% 2.8% 149.2% 75.82%
2019 30.0% -5.2% 49.4% 76.44%

CACG - Holdings

Concentration Analysis

CACG Category Low Category High CACG % Rank
Net Assets 124 M 242 K 222 B 84.12%
Number of Holdings 71 1 3217 39.04%
Net Assets in Top 10 43.8 M 104 K 111 B 86.93%
Weighting of Top 10 39.60% 0.7% 205.0% 81.40%

Top 10 Holdings

  1. Amazon.com Inc 6.60%
  2. Microsoft Corp 5.30%
  3. UnitedHealth Group Inc 4.41%
  4. Meta Platforms Inc 3.81%
  5. Broadcom Inc 3.76%
  6. NVIDIA Corp 3.43%
  7. Vertex Pharmaceuticals Inc 3.29%
  8. Apple Inc 3.26%
  9. Visa Inc 3.02%
  10. Netflix Inc 2.73%

Asset Allocation

Weighting Return Low Return High CACG % Rank
Stocks
99.18% 0.00% 130.05% 36.85%
Cash
0.84% -1.50% 173.52% 61.80%
Preferred Stocks
0.00% 0.00% 7.84% 98.74%
Other
0.00% -43.49% 59.52% 92.07%
Convertible Bonds
0.00% 0.00% 1.94% 97.04%
Bonds
0.00% 0.00% 104.15% 98.06%

Stock Sector Breakdown

Weighting Return Low Return High CACG % Rank
Technology
39.06% 0.00% 65.70% 34.80%
Healthcare
21.29% 0.00% 39.76% 4.56%
Consumer Cyclical
12.25% 0.00% 62.57% 71.62%
Communication Services
12.14% 0.00% 66.40% 33.61%
Industrials
6.19% 0.00% 30.65% 55.24%
Financial Services
5.71% 0.00% 43.06% 82.77%
Real Estate
1.39% 0.00% 16.05% 44.26%
Consumer Defense
1.30% 0.00% 25.50% 78.72%
Basic Materials
0.67% 0.00% 18.91% 64.95%
Utilities
0.00% 0.00% 16.07% 99.32%
Energy
0.00% 0.00% 41.09% 99.41%

Stock Geographic Breakdown

Weighting Return Low Return High CACG % Rank
US
99.18% 0.00% 130.05% 26.73%
Non US
0.00% 0.00% 78.10% 98.90%

CACG - Expenses

Operational Fees

CACG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.01% 19.54% 87.24%
Management Fee 0.53% 0.00% 1.50% 33.53%
12b-1 Fee 0.00% 0.00% 1.00% 19.87%
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

CACG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CACG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

CACG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 316.74% 14.22%

CACG - Distributions

Dividend Yield Analysis

CACG Category Low Category High CACG % Rank
Dividend Yield 0.30% 0.00% 28.41% 33.61%

Dividend Distribution Analysis

CACG Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually SemiAnnual Annual

Net Income Ratio Analysis

CACG Category Low Category High CACG % Rank
Net Income Ratio 0.12% -6.13% 3.48% 19.59%

Capital Gain Distribution Analysis

CACG Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

CACG - Fund Manager Analysis

Managers

Peter Bourbeau


Start Date

Tenure

Tenure Rank

May 03, 2017

5.08

5.1%

Peter co-manages the Large Cap Growth and All Cap Growth strategy products. Peter joined predecessor firm Shearson Asset Management in 1991, and has 29 years of investment industry experience. During his career, Peter has worked in trading, fund management, research, and investment marketing. A graduate of the University of Florida, Peter obtained his MBA from Fordham University.

Margaret Vitrano


Start Date

Tenure

Tenure Rank

May 03, 2017

5.08

5.1%

Margaret co-manages the Large Cap Growth and All Cap Growth strategies. Margaret has 24 years of investment industry experience and joined a ClearBridge predecessor organization in 1997. Margaret is a member of the ClearBridge Management Committee. From 2006-2009, Margaret served on the firm's 401(k) Investment Committee, which is responsible for choosing and overseeing investments for the firm's employee retirement plan. Prior to her role at ClearBridge, Margaret was a Research Analyst for the Consumer Discretionary sector at Citigroup. Margaret earned her MBA from the Wharton School of the University of Pennsylvania and a BA in Public Policy Studies and Art History from Duke University.

Evan Bauman


Start Date

Tenure

Tenure Rank

May 03, 2017

5.08

5.1%

Evan co-manages the Aggressive Growth, Multi Cap Growth and All Cap Growth strategies. He has 24 years of investment industry experience, all with the firm and its predecessors. Evan joined the organization in 1996 as an intern before graduating with a BS in Mathematics from Duke University.

Aram Green


Start Date

Tenure

Tenure Rank

Mar 31, 2021

1.17

1.2%

Aram co-manages the Small Cap Growth, Mid Cap Growth and SMID Cap Growth products, and manages the Select strategy. He has 19 years of investment industry experience and began his career in asset management as an equity analyst at Hygrove Partners, LLC. Aram joined ClearBridge Investments as a research analyst in the Information Technology sector in 2006 before being named a portfolio manager. He is a member of the ClearBridge Management Committee. Prior to joining Hygrove, Aram was co-founder and executive vice president of iCollege, an infrastructure software company catering to the educational market place. In 2001, iCollege was acquired by BlackBoard Inc. Aram earned a BA in Economics from Union College. Aram serves as a board member for several non-profit organizations.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.21 3.08