ClearBridge Dividend Strategy Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, ClearBridge Dividend Strategy Fund held 53 positions with $9.06B in net assets. Its ten largest holdings made up 32.0% of the fund. The SOPAX share class costs 1% a year. Over the 12 months to May 2026, SOPAX returned 15.7%, with dividends reinvested. In 2026 Q2 it added 2 new positions and exited 6.
The fund seeks dividend income, growth of dividend income and long-term capital appreciation.
The fund invests at least 80% of assets in dividend-paying equity securities or those expected to initiate dividends within 12 to 24 months, with a subadviser selecting companies based on strong balance sheets, dividend profiles, and potential for capital appreciation. The subadviser seeks undervalued or unrecognized assets and emphasizes current dividend levels alongside dividend growth, while also considering earnings prospects, management quality and industry position. The fund may hold up to 50% in foreign issuers and invests across all market capitalizations. Because the fund will reassess holdings that reduce or terminate dividends, portfolio composition depends on dividend policy changes by underlying companies.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
4.60% | $417.22M | 5.6M | $74.34 | |
4.05% | $366.70M | 2.7M | $136.72 | |
GOOGLALPHABET INC | 3.56% | $323.07M | 904.0K | $357.37 |
MSFTMICROSOFT CORP | 3.06% | $277.54M | 744.0K | $373.02 |
NVDANVIDIA CORP | 3.02% | $274.06M | 1.4M | $200.09 |
NSRGYNESTLE SA-SPONS ADR | 2.91% | $264.13M | 2.6M | $102.69 |
2.80% | $254.10M | 866.7K | $293.18 | |
2.76% | $249.87M | 2.1M | $118.31 | |
UNILEVER PLC | 2.64% | $239.04M | 4.0M | $60.07 |
2.58% | $233.89M | 734.8K | $318.31 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 53 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 100.80% |
| Cash & short-term | 0.78% |
By sector
- Financials
- 18.1%
- International
- 16.9%
- Information Technology
- 12.5%
- Industrials
- 12.0%
- 10 other sectors
- 40.5%
- Financials
- 18.1%
- International
- 16.9%
- Information Technology
- 12.5%
- Industrials
- 12.0%
- Communication Services
- 9.6%
- Energy
- 8.5%
- Health Care
- 6.2%
- Materials
- 4.5%
- Real Estate
- 4.4%
- Utilities
- 2.8%
- Consumer Staples
- 2.5%
- Consumer Discretionary
- 1.4%
- Cash
- 0.8%
- Securitized
- 0.0%
How it has done
SOPAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.85%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 7 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.00% | +15.71% | +55.79% | +62.69% | -6.87% | |
| 1.74% | +14.87% | +52.41% | +56.90% | -7.06% | |
| 0.73% | +16.06% | +57.14% | +65.04% | -6.81% | |
| 1.15% | +15.77% | +55.40% | +62.48% | -6.94% | |
| 1.35% | +15.32% | +54.17% | +59.89% | -6.97% | |
| 0.66% | +16.07% | +57.36% | +65.53% | -6.79% | |
| 0.72% | +16.06% | +57.12% | +65.05% | -6.83% |
These classes hold the same portfolio, so the 8.63pp spread over 5 years is the cost difference between them — roughly 1.73pp a year — not a difference in what they own.
Fees & fund details
ClearBridge Dividend Strategy Fund is an actively managed U.S. equity fund. 10% of SOPAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 82% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.66% – 1.74%· SOPAX 1.00%
- Portfolio turnover
- 30.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
2 new
6 exited
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| 5-10y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Understand how this fund fits with the rest.
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