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Mutual Funds Weekly Roundup: August 2
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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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| 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
| 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% |
| 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
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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 |
| 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 |
| SOPAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
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% |
| SOPAX | Category Low | Category High | SOPAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.30% | 0.00% | 15.67% | 16.22% |
| SOPAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
| SOPAX | Category Low | Category High | SOPAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.34% | -2.85% | 3.34% | 37.12% |
| SOPAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Monthly | Annually |
| Date | Amount |
|---|---|
| Mar 29, 2019 | $0.078 |
| Dec 20, 2018 | $0.121 |
| Sep 27, 2018 | $0.070 |
| Jun 28, 2018 | $0.079 |
| Mar 28, 2018 | $0.063 |
| Dec 21, 2017 | $0.064 |
| Sep 29, 2017 | $0.055 |
| Mar 31, 2017 | $0.053 |
| Dec 22, 2016 | $0.066 |
| Sep 30, 2016 | $0.052 |
| Mar 31, 2016 | $0.059 |
| Dec 22, 2015 | $0.051 |
| Sep 30, 2015 | $0.085 |
| Jun 30, 2015 | $0.101 |
| Mar 31, 2015 | $0.054 |
| Dec 23, 2014 | $0.073 |
| Sep 30, 2014 | $0.073 |
| Jun 27, 2014 | $0.080 |
| Mar 28, 2014 | $0.102 |
| Dec 26, 2013 | $0.045 |
| Sep 30, 2013 | $0.061 |
| Jun 26, 2013 | $0.080 |
| Mar 28, 2013 | $0.077 |
| Dec 27, 2012 | $0.080 |
| Sep 28, 2012 | $0.070 |
| Jun 29, 2012 | $0.081 |
| Mar 30, 2012 | $0.074 |
| Dec 28, 2011 | $0.084 |
| Sep 30, 2011 | $0.101 |
| Jun 30, 2011 | $0.101 |
| Mar 31, 2011 | $0.101 |
| Dec 29, 2010 | $0.108 |
| Sep 30, 2010 | $0.101 |
| Jun 30, 2010 | $0.127 |
| Mar 31, 2010 | $0.107 |
| Nov 30, 2009 | $0.044 |
| Oct 30, 2009 | $0.044 |
| Sep 30, 2009 | $0.044 |
| Aug 31, 2009 | $0.044 |
| Jul 31, 2009 | $0.044 |
| Jun 30, 2009 | $0.044 |
| May 29, 2009 | $0.044 |
| Apr 30, 2009 | $0.044 |
| Mar 31, 2009 | $0.044 |
| Feb 27, 2009 | $0.044 |
| Jan 30, 2009 | $0.044 |
| Dec 29, 2008 | $0.044 |
| Nov 28, 2008 | $0.044 |
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
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.
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
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.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.03 | 33.48 | 6.07 | 0.5 |
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