SOPAX: ClearBridge Dividend Strategy A

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SOPAX ClearBridge Dividend Strategy A


Profile

SOPAX - Profile

Vitals

  • YTD Return 2.1%
  • 3 Yr Annualized Return 6.9%
  • 5 Yr Annualized Return 5.2%
  • Net Assets $6.81 B
  • Holdings in Top 10 28.8%

52 WEEK LOW AND HIGH

$26.09
$22.19
$26.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.06%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return 6.9%
  • 5 Yr Annualized Total Return 5.2%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.34%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    ClearBridge Dividend Strategy Fund Class A
  • 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.


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Categories

Performance

SOPAX - Performance

Return Ranking - Trailing

Period SOPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -0.2% 6.2% 76.14%
1 Yr 17.9% -73.2% 44.6% 67.41%
3 Yr 6.9%* -33.7% 55.6% 54.06%
5 Yr 5.2%* -25.1% 29.3% 48.73%
10 Yr 8.5%* -8.6% 16.0% 52.39%

* Annualized

Return Ranking - Calendar

Period SOPAX Return Category Return Low Category Return High Rank in Category (%)
2019 21.7% -72.6% 38.1% 55.38%
2018 -10.7% -67.0% 10.0% 29.53%
2017 10.9% -32.8% 302.5% 64.73%
2016 11.6% -26.1% 19.7% 9.00%
2015 -6.1% -82.5% 7.8% 52.88%

Total Return Ranking - Trailing

Period SOPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -0.2% 6.2% 76.14%
1 Yr 17.9% -73.2% 44.6% 66.92%
3 Yr 6.9%* -33.7% 55.6% 74.93%
5 Yr 5.2%* -14.3% 29.3% 77.92%
10 Yr 8.5%* -4.1% 17.8% 83.71%

* Annualized

Total Return Ranking - Calendar

Period SOPAX Return Category Return Low Category Return High Rank in Category (%)
2019 21.7% -72.6% 38.1% 55.38%
2018 -10.7% -67.0% 10.0% 56.53%
2017 10.9% -22.1% 302.5% 89.52%
2016 11.6% -16.4% 23.8% 22.50%
2015 -6.1% -26.4% 106.5% 79.96%

NAV & Total Return History


Holdings

SOPAX - Holdings

Concentration Analysis

SOPAX Category Low Category High SOPAX % Rank
Net Assets 6.81 B 135 K 898 B 11.64%
Number of Holdings 57 1 3580 77.04%
Net Assets in Top 10 1.96 B 46.7 K 169 B 13.60%
Weighting of Top 10 28.76% 2.2% 144.5% 48.05%

Top 10 Holdings

  1. Microsoft Corp 4.64%
  2. Apple Inc 3.47%
  3. Comcast Corp Class A 3.07%
  4. Blackstone Group Inc 2.85%
  5. Merck & Co Inc 2.57%
  6. United Technologies Corp 2.57%
  7. JPMorgan Chase & Co 2.55%
  8. The Walt Disney Co 2.47%
  9. Mastercard Inc A 2.30%
  10. The Home Depot Inc 2.27%

Asset Allocation

Weighting Return Low Return High SOPAX % Rank
Stocks
96.82% 81.61% 145.87% 80.29%
Cash
3.18% -77.63% 18.40% 15.72%
Preferred Stocks
0.00% -17.98% 6.21% 71.01%
Other
0.00% -1.81% 22.43% 70.44%
Convertible Bonds
0.00% 0.00% 9.79% 70.20%
Bonds
0.00% 0.00% 77.09% 72.15%

Stock Sector Breakdown

Weighting Return Low Return High SOPAX % Rank
Financial Services
22.59% 0.00% 49.34% 8.16%
Consumer Defense
12.84% 0.00% 28.92% 9.07%
Industrials
12.36% 0.00% 30.59% 23.00%
Technology
11.31% 0.00% 42.83% 89.78%
Healthcare
8.87% 0.00% 29.56% 93.24%
Communication Services
7.75% 0.00% 25.09% 63.64%
Basic Materials
7.44% -0.14% 13.68% 3.22%
Energy
6.10% -1.47% 14.95% 12.78%
Consumer Cyclical
4.58% 0.00% 35.48% 94.72%
Utilities
3.95% 0.00% 19.47% 19.13%
Real Estate
2.21% 0.00% 65.29% 66.53%

Stock Geographic Breakdown

Weighting Return Low Return High SOPAX % Rank
US
89.12% 80.11% 144.61% 85.18%
Non US
7.70% -1.02% 20.06% 14.90%

Expenses

SOPAX - Expenses

Operational Fees

SOPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.06% 0.00% 119.91% 42.66%
Management Fee 0.65% 0.00% 2.00% 69.01%
12b-1 Fee 0.25% 0.00% 1.00% 48.23%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

SOPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.50% 5.75% 31.46%
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

SOPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

SOPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 838.00% 24.81%

Distributions

SOPAX - Distributions

Dividend Yield Analysis

SOPAX Category Low Category High SOPAX % Rank
Dividend Yield 0.30% 0.00% 15.67% 16.22%

Dividend Distribution Analysis

SOPAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

SOPAX Category Low Category High SOPAX % Rank
Net Income Ratio 1.34% -2.85% 3.34% 37.12%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SOPAX - Fund Manager Analysis

Managers

Peter Vanderlee


Start Date

Tenure

Tenure Rank

Aug 06, 2009

10.41

10.4%

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


Start Date

Tenure

Tenure Rank

Aug 06, 2009

10.41

10.4%

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


Start Date

Tenure

Tenure Rank

Dec 31, 2017

2.0

2.0%

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

John Baldi


Start Date

Tenure

Tenure Rank

Apr 01, 2019

0.75

0.8%

Mr. Baldi is a Managing Director and Senior Research Analyst of ClearBridge and has many years of investment industry experience. He joined a predecessor firm of ClearBridge in 2004.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 33.48 6.07 0.5