LMESX Performance — ClearBridge Appreciation Fund, Class IS
Data updated: 2026-09-23
LMESX returned +6.95% year to date and +12.30% over one year to Jul 2026. Annualised returns are +16.18% over 3 years and +11.10% over 5 years. Against its US Large Blend category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $157, against $153 for the category, and to $112 over one year, against $116. Volatility over the past three years was 11.49% a year. In the 12 months to Jul 2026 the fund took in a net $461.1M, and assets reached $9.73B.
LMESX Growth of $100
What $100 invested in ClearBridge Appreciation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | LMESX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $112 | $116 |
| 3 years (Aug 2023 – Jul 2026) | $157 | $153 |
| 5 years (Aug 2021 – Jul 2026) | $169 | $159 |
| Since data start (Aug 2019 – Jul 2026) | $245 | $226 |
LMESX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.95% |
| 1 year | +12.30% |
| 3 years (annualised) | +16.18% |
| 5 years (annualised) | +11.10% |
LMESX Annual Returns
Calendar-year total returns of ClearBridge Appreciation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +6.95% |
| 2025 | +14.73% |
| 2024 | +22.90% |
| 2023 | +19.87% |
| 2022 | −12.31% |
| 2021 | +24.05% |
| 2020 | +14.91% |
| 2019 (Aug–Dec) | +8.50% |
LMESX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.2% | −0.3% | −5.4% | +8.6% | +1.6% | −1.6% | +2.2% | — | — | — | — | — |
| 2025 | +3.0% | −0.7% | −5.3% | 0.0% | +5.7% | +4.6% | +2.0% | +1.3% | +2.6% | +1.1% | +0.8% | −0.9% |
| 2024 | +3.1% | +4.9% | +3.0% | −4.2% | +4.7% | +2.8% | +0.7% | +3.1% | +0.9% | −0.9% | +6.0% | −2.7% |
| 2023 | +3.4% | −2.9% | +3.9% | +2.7% | −0.8% | +6.4% | +1.9% | −0.5% | −4.6% | −0.4% | +7.1% | +2.8% |
| 2022 | −4.1% | −3.3% | +3.5% | −6.9% | +1.1% | −7.1% | +7.6% | −3.3% | −8.4% | +8.6% | +5.7% | −4.5% |
| 2021 | −1.9% | +1.7% | +5.2% | +5.5% | +1.1% | +1.4% | +2.4% | +2.2% | −4.9% | +7.1% | −2.1% | +4.7% |
| 2020 | −0.7% | −8.5% | −11.7% | +11.3% | +4.1% | +1.4% | +5.5% | +7.6% | −3.4% | −2.6% | +10.7% | +3.0% |
| 2019 | — | — | — | — | — | — | — | −1.0% | +1.5% | +1.8% | +3.2% | +2.8% |
LMESX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 11.49%
- 3-year Sharpe ratio: 1.02 (vs 4.5% risk-free rate)
- Best month: +8.56% (Apr 2026)
- Worst month: −5.40% (Mar 2026)
LMESX Fund Flows
Monthly money in and out of ClearBridge Appreciation Fund, from SEC Form N-PORT.
- 12-month net flow: $461.1M
- 12-month gross sales (incl. reinvestments): $2.9B
- Sales ÷ redemptions: 1.19×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $380.9M | $444.0M | −$63.1M |
| Jun 2026 | $65.6M | $117.9M | −$52.3M |
| May 2026 | $414.8M | $466.9M | −$52.1M |
| Apr 2026 | $268.1M | $332.0M | −$63.8M |
| Mar 2026 | $81.0M | $130.8M | −$49.8M |
| Feb 2026 | $70.3M | $101.7M | −$31.4M |
| Jan 2026 | $70.2M | $128.3M | −$58.1M |
| Dec 2025 | $1.3B | $250.4M | $1.0B |
| Nov 2025 | $57.8M | $133.7M | −$75.9M |
| Oct 2025 | $88.6M | $170.3M | −$81.6M |
| Sep 2025 | $65.4M | $94.6M | −$29.2M |
| Aug 2025 | $60.9M | $86.2M | −$25.3M |
LMESX Assets Under Management
Net assets of ClearBridge Appreciation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $9.73B |
| 2026-04-30 | $9.69B |
| 2026-01-30 | $9.62B |
| 2025-10-31 | $9.72B |
| 2025-07-31 | $9.39B |
| 2025-04-30 | $8.43B |
| 2025-01-31 | $9.08B |
| 2024-10-31 | $8.81B |
| 2024-07-31 | $8.77B |
| 2024-04-30 | $8.20B |
| 2024-01-31 | $7.93B |
| 2023-10-31 | $7.07B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.