ClearBridge Select Fund
Data updated: 2026-09-23
C000204770 — ClearBridge Select Fund. United States Mid Cap Blend / Core Equity · $3.17B AUM. Holdings, fees, performance and SEC filings.
C000204770 Fund Overview
ClearBridge Select Fund is a US mutual fund managed by Legg Mason Partners Investment Trust, categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Legg Mason Partners Investment Trust
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $3.17B
- 1-year return: 56.2%
- SEC CIK: 0000880366
- SEC series ID: S000039065
- Share class ID: C000204770
C000204770 Investment Objective and Strategy
ClearBridge Select Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Legg Mason Partners Investment Trust.
Investment objective
The fund seeks to provide long-term growth of capital.
Principal investment strategy
The fund seeks to achieve its investment objective by taking an unconstrained approach to investing with an emphasis on equity securities. Under normal circumstances, the fund invests primarily in publicly traded equity and equity-related securities of U.S. and non-U.S. companies or other instruments with similar economic characteristics. The fund may invest in securities of issuers of any market capitalization. The fund has no geographical limits on where it may investit may invest in both developed and emerging markets. The fund may invest in securities issued through private placements. While the fund expects to invest primarily in equity and equity-related securities, the fund may, at times, also invest to a significant extent in fixed income securities, including lower- rated, high yielding debt securities (commonly known as junk bonds), when the portfolio manager believes such securities will provide more attractive total return opportunities compared to equity securities.
The fund uses a bottom-up investment methodology for equity securities selection that relies extensively on fundamental research to identify companies with strong growth prospects and/or attractive valuations, without regard to a benchmark. As a result, the funds holdings may deviate significantly from its performance benchmark. The fund uses a focused approach of investing in a smaller number of issuers, which may result in significant exposure to certain industries or sectors, such as information technology and internet technology services. If market conditions warrant, the fund may enter into short positions on securities, indexes or other instruments. The fund uses a bottom-up investment methodology for fixed income securities selection that relies extensively on fundamental research to identify companies with strong growth prospects and/or attractive valuations.
The fund may invest in futures, options, forward contracts, and swaps, among other derivative instruments. Derivatives and short positions may be used as a hedging technique in an attempt to manage risk in the funds portfolio, as a substitute for buying or selling securities, as a cash flow management technique, or as a means of enhancing returns. The fund is classified as non-diversified, which means that it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund.
C000204770 Holdings
Top 10 holdings of ClearBridge Select Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp. | 6.12% |
| Apple, Inc. | 5.29% |
| Lam Research Corp. | 2.80% |
| Casey's General Stores, Inc. | 2.58% |
| Performance Food Group Company | 2.46% |
| Baker Hughes Company | 2.43% |
| L3harris Technologies, Inc. | 2.29% |
| Comfort Systems USA, Inc. | 2.28% |
| Alphabet, Inc. | 2.19% |
| Monster Beverage Corp. | 2.09% |
C000204770 Portfolio Allocation
Asset-class allocation of ClearBridge Select Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.6% |
| Fixed Income | 1.0% |
C000204770 Performance
Total returns for C000204770 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 56.2% |
C000204770 Risk Information
Risk metrics for C000204770, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.9%
C000204770 Costs and Fees
C000204770 costs about $149 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.49%
- Gross expense ratio: 1.49%
- Portfolio turnover: 29%
- Brokerage commissions: 2.17 bps of average net assets (SEC N-CEN)
C000204770 Cashflows
Over the 12 months to 2026-04, ClearBridge Select Fund had net outflows of $428.66M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$63.18M |
| 2026-03 | −$44.31M |
| 2026-02 | −$87.65M |
| 2026-01 | −$45.06M |
| 2025-12 | −$38.61M |
| 2025-11 | −$29.11M |
C000204770 Debt Constituents
Largest debt holdings of ClearBridge Select Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Live Nation Entertainment, Inc. | 0.99% |
C000204770 Prospectus and SEC Filings
Official ClearBridge Select Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-24
- Prospectus (485BPOS) — filed 2025-02-21
- Prospectus (485BPOS) — filed 2024-02-23
- Portfolio holdings (N-PORT) — filed 2026-09-23
- Portfolio holdings (N-PORT) — filed 2026-06-22
- Portfolio holdings (N-PORT) — filed 2026-03-26
- Annual census (N-CEN) — filed 2026-01-09
- Annual census (N-CEN) — filed 2025-01-10
Related Funds
Other United States Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.