ClearBridge Small Cap Growth Fund

Legg Mason Partners Investment Trust · 7 share classes

Actively managed U.S. equity fund
One fund, 7 share classes:SASMXSCSMXLMPSXLMPOXSBPYXLMPMXLMOIX
$2.00B NAV
96 positions · as of 2026-04-30 · filed 2026-06-22

Fund classification

Classified from what the fund holds · as of 2026 Q2

ClearBridge Small Cap Growth Fund is an actively managed U.S. equity fund. 48% of SASMX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 86% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q1

The fund seeks long-term growth of capital.

Strategy · summarised

The fund invests at least 80% of its assets in equity securities of small-capitalization U.S. companies, defined as those with market capitalizations not exceeding $3 billion or the highest month-end market capitalization of any Russell 2000 constituent over the prior 12 months, whichever is greater. The portfolio managers apply a growth-oriented stock-selection approach focused on small U.S. companies. Because securities that grow beyond the size threshold remain in the fund's portfolio, the fund's holdings may diverge from the small-cap universe over time.

Expenses
0.79% 2.00%across 7 share classes
Share classExpense ratio
SASMX1.20%
SCSMX2.00%
LMPSX1.24%
LMPOX1.48%
SBPYX0.91%
LMPMX0.93%
LMOIX0.79%

Portfolio turnover 20.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.92%
of net assets
Stocks99.88%
Cash & short-term1.03%
Derivatives0.00%

Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified. The blend is as of 2026Q1, one or more quarters before the direct holdings (2026Q2).

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Industrials27.6%
Health Care18.5%
Information Technology17.6%
Financials8.1%
7 smaller28.2%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
48%of stock holdings in top-quartile growers
covering 86% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 16 new5 exited

Largest new: SEI, ENSG, GKOS, CRL, SRRK, LGN, AXSM, PCVX

Exited: PEN, ICON PLC, Clearwater Analytics Holdings, HIMS, INTERCONTINENTAL EXCHANGE, INC.

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+31.88%+31.69%-1.62%17.10%-19.69%
+30.88%+28.61%-5.39%17.15%-19.82%
+31.85%+31.58%-1.86%17.12%-19.69%
+31.53%+30.47%-3.15%17.11%-19.77%
+32.31%+32.80%-0.29%17.13%-19.60%
+32.25%+32.73%-0.33%17.15%-19.64%
+32.42%+33.28%+0.34%17.12%-19.62%

These classes hold the same portfolio, so the 5.73pp spread over 5 years is the cost difference between them — roughly 1.15pp a year — not a difference in what they own.

Cumulative return· May 2023 – Apr 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
BLOOM ENERGY CORPBE5.48%$109.66M
LATTICE SEMICONDUCTOR CORPLSCC3.94%$78.82M
RBC BEARINGS INCRBC3.17%$63.50M
FABRINET3.03%$60.61M
XPO LOGISTICS INCXPO2.57%$51.52M
ALLEGRO MICROSYSTEMS INCALGM2.50%$50.14M
ELEMENT SOLUTIONS INCESI2.45%$49.04M
BWX TECHNOLOGIES INCBWXT2.29%$45.85M
CASEY'S GENERAL STORES INCCASY2.27%$45.45M
CONSTRUCTION PARTNERS INCROAD2.15%$43.07M
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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.

Top 10 positions are 29.85% of net assets, top 25 54.32%, across 89 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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