SHAPX: ClearBridge Appreciation A

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SHAPX ClearBridge Appreciation A

  • Fund
  • SHAPX
  • Price as of: Dec 04, 2019
  • $27.20
    + $0.15 + 0.56%

Profile

SHAPX - Profile

Vitals

  • YTD Return 25.2%
  • 3 Yr Annualized Return 8.6%
  • 5 Yr Annualized Return 4.8%
  • Net Assets $6.49 B
  • Holdings in Top 10 32.4%

52 WEEK LOW AND HIGH

$27.20
$20.39
$27.52

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


Distributions

  • YTD Total Return 25.2%
  • 3 Yr Annualized Total Return 8.6%
  • 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 K. 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.


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Categories

Performance

SHAPX - Performance

Return Ranking - Trailing

Period SHAPX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.2% -0.3% 37.5% 30.05%
1 Yr 10.3% -59.3% 24.9% 41.46%
3 Yr 8.6%* -31.3% 56.6% 41.78%
5 Yr 4.8%* -27.0% 29.2% 44.88%
10 Yr 8.2%* -9.2% 14.7% 50.87%

* Annualized

Return Ranking - Calendar

Period SHAPX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.0% -67.0% 10.0% 16.46%
2017 12.5% -32.8% 302.5% 57.66%
2016 5.6% -26.1% 19.7% 62.03%
2015 -3.2% -82.5% 7.8% 33.15%
2014 6.0% -28.7% 24.1% 49.65%

Total Return Ranking - Trailing

Period SHAPX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.2% -0.3% 37.5% 30.05%
1 Yr 10.3% -59.3% 24.9% 56.31%
3 Yr 8.6%* -21.2% 56.6% 68.15%
5 Yr 4.8%* -17.9% 29.2% 77.40%
10 Yr 8.2%* -4.3% 17.3% 84.54%

* Annualized

Total Return Ranking - Calendar

Period SHAPX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.0% -67.0% 10.0% 43.92%
2017 12.5% -22.1% 302.5% 86.78%
2016 5.6% -16.4% 23.8% 84.14%
2015 -3.2% -26.4% 106.5% 63.79%
2014 6.0% -24.8% 25.9% 82.25%

NAV & Total Return History


Holdings

SHAPX - Holdings

Concentration Analysis

SHAPX Category Low Category High SHAPX % Rank
Net Assets 6.49 B 132 K 845 B 12.30%
Number of Holdings 72 2 3613 67.99%
Net Assets in Top 10 2.07 B -123 M 155 B 12.13%
Weighting of Top 10 32.43% 2.9% 1400.6% 31.59%

Top 10 Holdings

  1. Microsoft Corp 6.57%
  2. JPMorgan Chase & Co 3.40%
  3. Comcast Corp Class A 3.36%
  4. Berkshire Hathaway Inc A 3.31%
  5. Apple Inc 3.23%
  6. Visa Inc Class A 2.87%
  7. The Home Depot Inc 2.72%
  8. Facebook Inc A 2.48%
  9. Merck & Co Inc 2.33%
  10. Honeywell International Inc 2.17%

Asset Allocation

Weighting Return Low Return High SHAPX % Rank
Stocks
98.82% -1.18% 128.08% 51.56%
Cash
1.17% -28.09% 101.18% 45.66%
Preferred Stocks
0.00% -17.98% 2.05% 95.28%
Other
0.00% -1.48% 16.72% 93.09%
Convertible Bonds
0.00% 0.00% 7.92% 95.11%
Bonds
0.00% -14.46% 11.29% 94.36%

Stock Sector Breakdown

Weighting Return Low Return High SHAPX % Rank
Technology
21.49% 0.00% 118.30% 42.92%
Financial Services
17.80% 0.00% 106.34% 30.10%
Healthcare
12.67% 0.00% 92.30% 67.71%
Industrials
11.34% 0.00% 79.24% 29.17%
Consumer Cyclical
8.13% 0.00% 74.42% 84.74%
Basic Materials
6.74% -3.81% 23.60% 4.55%
Consumer Defense
6.57% 0.00% 71.31% 72.43%
Communication Services
6.18% 0.00% 27.72% 30.78%
Energy
5.20% -1.47% 70.63% 22.93%
Real Estate
1.96% -3.11% 17.89% 71.75%
Utilities
0.75% -13.41% 21.36% 77.07%

Stock Geographic Breakdown

Weighting Return Low Return High SHAPX % Rank
US
98.28% 80.02% 687.00% 26.96%
Non US
0.54% -688.18% 20.06% 84.25%

Expenses

SHAPX - Expenses

Operational Fees

SHAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.00% 119.91% 48.80%
Management Fee 0.56% 0.00% 2.00% 53.24%
12b-1 Fee 0.25% 0.00% 1.00% 62.54%
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% 45.86%
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

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% 14.66%

Distributions

SHAPX - Distributions

Dividend Yield Analysis

SHAPX Category Low Category High SHAPX % Rank
Dividend Yield 0.89% 0.00% 8.17% 24.18%

Dividend Distribution Analysis

SHAPX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

SHAPX Category Low Category High SHAPX % Rank
Net Income Ratio 1.02% -2.85% 2.89% 54.12%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SHAPX - Fund Manager Analysis

Managers

Scott K. Glasser


Start Date

Tenure

Tenure Rank

Dec 31, 2001

17.84

17.8%

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


Start Date

Tenure

Tenure Rank

Aug 06, 2009

10.24

10.2%

"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 Category High Category Average Category Mode
0.0 33.31 5.97 0.67