LMSAX Performance — ClearBridge Small Cap Fund, Class A
Data updated: 2026-09-23
LMSAX returned +15.46% year to date and +24.81% over one year to Jul 2026. Annualised returns are +9.61% over 3 years and +4.69% over 5 years. Against its US Small Growth category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $132, against $142 for the category, and to $125 over one year, against $123. Volatility over the past three years was 18.29% a year. In the 12 months to Jul 2026 the fund lost a net $93.8M, and assets reached $705.48M.
LMSAX Growth of $100
What $100 invested in ClearBridge Small Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Growth category average over the same months.
| Period | LMSAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $125 | $123 |
| 3 years (Aug 2023 – Jul 2026) | $132 | $142 |
| 5 years (Aug 2021 – Jul 2026) | $126 | $121 |
| Since data start (Aug 2019 – Jul 2026) | $165 | $189 |
LMSAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +15.46% |
| 1 year | +24.81% |
| 3 years (annualised) | +9.61% |
| 5 years (annualised) | +4.69% |
LMSAX Annual Returns
Calendar-year total returns of ClearBridge Small Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +15.46% |
| 2025 | +6.10% |
| 2024 | +7.52% |
| 2023 | +16.88% |
| 2022 | −20.59% |
| 2021 | +18.90% |
| 2020 | +3.26% |
| 2019 (Aug–Dec) | +9.75% |
LMSAX 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 | +3.7% | +2.5% | −5.1% | +9.8% | −0.1% | +5.5% | −1.3% | — | — | — | — | — |
| 2025 | +4.5% | −5.4% | −5.2% | −5.3% | +2.9% | +3.8% | +3.4% | +7.8% | −0.6% | −2.6% | +4.2% | −0.5% |
| 2024 | −3.6% | +3.3% | +3.6% | −6.2% | +3.4% | −2.0% | +10.0% | −1.6% | +0.5% | −0.3% | +10.1% | −8.1% |
| 2023 | +10.8% | −2.0% | −5.3% | −1.0% | +2.1% | +8.4% | +3.9% | −3.4% | −5.6% | −6.9% | +6.5% | +10.6% |
| 2022 | −5.8% | +0.8% | +1.2% | −7.2% | +0.7% | −11.2% | +10.7% | −4.2% | −11.9% | +11.9% | +2.0% | −6.5% |
| 2021 | +2.0% | +7.8% | +2.6% | +4.2% | +1.5% | +1.1% | −4.2% | +1.2% | −2.0% | +4.2% | −4.5% | +4.2% |
| 2020 | −7.5% | −9.1% | −27.1% | +15.5% | +5.0% | +1.7% | +5.7% | +4.1% | −4.6% | +1.0% | +18.0% | +9.1% |
| 2019 | — | — | — | — | — | — | — | −5.5% | +2.4% | +2.2% | +6.4% | +4.3% |
LMSAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 18.29%
- 3-year Sharpe ratio: 0.28 (vs 4.5% risk-free rate)
- Best month: +10.60% (Dec 2023)
- Worst month: −8.06% (Dec 2024)
LMSAX Fund Flows
Monthly money in and out of ClearBridge Small Cap Fund, from SEC Form N-PORT.
- 12-month net flow: −$93.8M
- 12-month gross sales (incl. reinvestments): $166.2M
- Sales ÷ redemptions: 0.64×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $68.5M | $75.4M | −$6.9M |
| Jun 2026 | $3.2M | $43.0M | −$39.7M |
| May 2026 | $5.0M | $12.9M | −$7.9M |
| Apr 2026 | $2.6M | $10.2M | −$7.6M |
| Mar 2026 | $3.4M | $14.3M | −$10.9M |
| Feb 2026 | $4.6M | $17.2M | −$12.6M |
| Jan 2026 | $5.9M | $17.4M | −$11.5M |
| Dec 2025 | $61.3M | $19.3M | $42.0M |
| Nov 2025 | $2.8M | $11.2M | −$8.4M |
| Oct 2025 | $2.8M | $16.8M | −$14.0M |
| Sep 2025 | $3.2M | $12.5M | −$9.3M |
| Aug 2025 | $2.8M | $9.7M | −$6.9M |
LMSAX Assets Under Management
Net assets of ClearBridge Small Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $705.48M |
| 2026-04-30 | $731.61M |
| 2026-01-30 | $714.91M |
| 2025-10-31 | $700.35M |
| 2025-07-31 | $699.92M |
| 2025-04-30 | $651.97M |
| 2025-01-31 | $811.82M |
| 2024-10-31 | $977.56M |
| 2024-07-31 | $931.65M |
| 2024-04-30 | $857.29M |
| 2024-01-31 | $827.17M |
| 2023-10-31 | $744.59M |
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.