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SHAPX ClearBridge Appreciation A

  • Fund
  • SHAPX
  • Price as of: Sep 16, 2019
  • $26.23 - $0.15 - 0.57%

SHAPX - Profile

Vitals

  • YTD Return 20.8%
  • 3 Yr Annualized Return 8.1%
  • 5 Yr Annualized Return 4.8%
  • Net Assets $6.32 B
  • Holdings in Top 10 31.9%

52 WEEK LOW AND HIGH

$26.23
$20.39
$26.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 8.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 20.8%
  • 3 Yr Annualized Total Return 8.1%
  • 5 Yr Annualized Total Return 4.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.02%
DIVIDENDS
  • Dividend Yield 0.9%
  • 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 (%)
YTD 20.8% -0.3% 29.0% 34.33%
1 Yr 2.3% -46.1% 11.5% 16.35%
3 Yr 8.1%* -19.2% 15.0% 28.60%
5 Yr 4.8%* -26.6% 10.3% 29.12%
10 Yr 8.2%* -9.5% 12.6% 33.13%

* Annualized


Return Ranking - Calendar

Period SHAPX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.0% -51.6% 10.0% 15.89%
2017 12.5% -32.8% 33.2% 57.69%
2016 5.6% -26.1% 19.7% 64.33%
2015 -3.2% -82.5% 7.8% 34.38%
2014 6.0% -28.7% 24.1% 48.91%

Total Return Ranking - Trailing

Period SHAPX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.8% -0.3% 29.0% 34.33%
1 Yr 2.3% -37.9% 12.4% 35.73%
3 Yr 8.1%* -19.2% 17.1% 63.37%
5 Yr 4.8%* -17.8% 21.9% 70.77%
10 Yr 8.2%* -4.0% 17.3% 79.57%

* Annualized


Total Return Ranking - Calendar

Period SHAPX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.0% -46.2% 10.0% 42.50%
2017 12.5% -22.1% 33.2% 87.11%
2016 5.6% -16.4% 23.8% 85.98%
2015 -3.2% -21.4% 106.5% 64.65%
2014 6.0% -24.8% 25.9% 82.78%

NAV & Total Return History

SHAPX - Holdings

Concentration Analysis

SHAPX Category Low Category High SHAPX % Rank
Net Assets 6.32 B 131 K 813 B 12.37%
Number of Holdings 72 2 3609 68.94%
Net Assets in Top 10 2.06 B -123 M 147 B 12.04%
Weighting of Top 10 31.89% 2.9% 216.7% 30.22%

Top 10 Holdings

  1. Microsoft Corp 6.36%

  2. Berkshire Hathaway Inc A 3.40%

  3. JPMorgan Chase & Co 3.36%

  4. Comcast Corp Class A 3.17%

  5. Visa Inc Class A 2.91%

  6. UnitedHealth Group Inc 2.81%

  7. Apple Inc 2.64%

  8. The Home Depot Inc 2.63%

  9. Merck & Co Inc 2.33%

  10. The Walt Disney Co 2.28%


Asset Allocation

Weighting Return Low Return High SHAPX % Rank
Stocks
97.86% 81.75% 128.08% 68.18%
Cash
2.14% -28.09% 18.25% 27.44%
Preferred Stocks
0.00% 0.00% 2.04% 75.25%
Other
0.00% -2.70% 16.72% 73.15%
Convertible Bonds
0.00% 0.00% 7.92% 72.90%
Bonds
0.00% -14.46% 5.23% 73.82%

Stock Sector Breakdown

Weighting Return Low Return High SHAPX % Rank
Technology
21.01% 0.00% 46.33% 65.63%
Financial Services
18.15% 0.00% 45.41% 27.30%
Healthcare
14.04% 0.00% 27.61% 34.96%
Industrials
10.32% 0.00% 28.99% 45.58%
Consumer Cyclical
8.22% 0.00% 39.96% 87.70%
Communication Services
7.58% 0.00% 8.92% 1.85%
Consumer Defense
6.14% 0.00% 28.38% 75.57%
Basic Materials
6.06% -3.86% 14.03% 5.39%
Energy
5.65% -0.03% 15.48% 21.06%
Utilities
0.68% -13.57% 19.49% 75.82%
Real Estate
0.00% -1.45% 15.15% 94.86%

Stock Geographic Breakdown

Weighting Return Low Return High SHAPX % Rank
US
97.04% 80.15% 127.01% 41.92%
Non US
0.82% -1.05% 20.36% 80.30%

SHAPX - Expenses

Operational Fees

SHAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.00% 307.60% 48.20%
Management Fee 0.56% 0.00% 2.00% 54.29%
12b-1 Fee 0.25% 0.00% 1.00% 51.89%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

SHAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.50% 5.75% 31.69%
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

SHAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 8.00% 0.00% 838.00% 15.05%

SHAPX - Distributions

Dividend Yield Analysis

SHAPX Category Low Category High SHAPX % Rank
Dividend Yield 0.93% 0.00% 6.34% 30.64%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

SHAPX Category Low Category High SHAPX % Rank
Net Income Ratio 1.02% -2.85% 2.89% 51.72%

Capital Gain Distribution Analysis

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

SHAPX - Managers

Scott Glasser

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2001

17.68

17.7%

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

Tenure

Tenure Rank

Aug 06, 2009

10.07

10.1%

"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

40.69

Category Average

5.95

Category Mode

3.96