ClearBridge Select Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, ClearBridge Select Fund held 89 positions with $3.21B in net assets. Its ten largest holdings made up 34.0% of the fund. The LCLAX share class costs 1.34% a year. Over the 12 months to May 2026, LCLAX returned 14.0%, with dividends reinvested. In 2026 Q3 it added 8 new positions and exited 9.
The fund seeks to provide long-term growth of capital.
The fund employs a bottom-up fundamental research approach to identify equity securities with strong growth prospects or attractive valuations across all market capitalizations and geographies, including developed and emerging markets, without reference to a benchmark. The fund may also invest significantly in fixed income securities, including high-yield debt, when the portfolio manager believes they offer superior total return opportunities. Because the fund concentrates holdings in a smaller number of issuers, it may experience significant exposure to particular industries or sectors. The fund may use derivatives and short positions for hedging, as substitutes for direct securities purchases, or to enhance returns.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 7.05% | $226.31M | 1.1M | $199.57 |
AAPLAPPLE INC | 4.59% | $147.26M | 542.7K | $271.35 |
MSFTMICROSOFT CORP | 3.38% | $108.62M | 266.4K | $407.78 |
3.04% | $97.59M | 118.7K | $822.15 | |
2.89% | $92.75M | 50.4K | $1,840.25 | |
2.82% | $90.64M | 1.3M | $69.67 | |
2.72% | $87.24M | 265.6K | $328.49 | |
2.66% | $85.36M | 266.3K | $320.55 | |
2.50% | $80.37M | 311.7K | $257.86 | |
2.34% | $75.01M | 828.3K | $90.56 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 89 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 | 96.06% |
| Cash & short-term | 3.26% |
| Bonds | 0.90% |
By sector
- Information Technology
- 31.1%
- Industrials
- 13.6%
- Health Care
- 8.4%
- Consumer Staples
- 7.2%
- 9 other sectors
- 39.6%
- Information Technology
- 31.1%
- Industrials
- 13.6%
- Health Care
- 8.4%
- Consumer Staples
- 7.2%
- Other
- 6.6%
- Consumer Discretionary
- 6.0%
- Financials
- 5.9%
- Communication Services
- 5.7%
- International
- 5.7%
- Energy
- 5.2%
- Materials
- 2.3%
- Real Estate
- 2.1%
- Utilities
- 0.2%
How it has done
LCLAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.40%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are 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 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.34% | +13.96% | +52.87% | +20.70% | -13.54% | |
| 2.08% | +13.11% | +49.55% | +16.26% | -13.73% | |
| 1.37% | +13.88% | +52.71% | +20.45% | -13.53% | |
| 1.68% | +13.60% | +51.28% | — | -13.63% | |
| 0.99% | +14.33% | +54.49% | +22.75% | -13.41% | |
| 1.09% | +14.24% | +53.99% | +22.07% | -13.47% |
These classes hold the same portfolio, so the 4.94pp spread over 3 years is the cost difference between them — roughly 1.65pp a year — not a difference in what they own.
Fees & fund details
ClearBridge Select Fund is an actively managed U.S. equity fund. 36% of LCLAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 88% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.99% – 2.08%· LCLAX 1.34%
- Portfolio turnover
- 29.00% a year · as of 2026 Q1
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.
8 new
9 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
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.
| 1-3y | 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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