QLMSTX Performance — ClearBridge Variable Small Cap Growth Portfolio, Class II
Data updated: 2026-08-26
QLMSTX returned +20.34% year to date and +28.30% over one year to Jun 2026. Annualised returns are +11.19% over 3 years and +0.88% over 5 years. Against its US Multi-Cap Growth category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $137, against $164 for the category, and to $128 over one year, against $122. Volatility over the past three years was 20.60% a year. In the 12 months to Jun 2026 the fund lost a net $25.1M, and assets reached $460.13M.
QLMSTX Growth of $100
What $100 invested in ClearBridge Variable Small Cap Growth Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Growth category average over the same months.
| Period | QLMSTX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $128 | $122 |
| 3 years (Jul 2023 – Jun 2026) | $137 | $164 |
| 5 years (Jul 2021 – Jun 2026) | $104 | $145 |
| Since data start (Jul 2019 – Jun 2026) | $175 | $239 |
QLMSTX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +20.34% |
| 1 year | +28.30% |
| 3 years (annualised) | +11.19% |
| 5 years (annualised) | +0.88% |
QLMSTX Annual Returns
Calendar-year total returns of ClearBridge Variable Small Cap Growth Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +20.34% |
| 2025 | +8.98% |
| 2024 | +4.22% |
| 2023 | +8.11% |
| 2022 | −29.02% |
| 2021 | +12.29% |
| 2020 | +42.93% |
| 2019 (Jul–Dec) | +4.04% |
QLMSTX 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 | +6.0% | −0.5% | −6.3% | +12.1% | +1.5% | +7.0% | — | — | — | — | — | — |
| 2025 | +7.5% | −6.3% | −8.6% | −0.5% | +5.6% | +5.7% | +1.5% | +6.2% | +1.5% | +1.2% | −1.8% | −2.0% |
| 2024 | −3.8% | +6.3% | +0.5% | −7.2% | +2.8% | 0.0% | +4.6% | −1.1% | +1.4% | −1.1% | +12.2% | −8.6% |
| 2023 | +10.9% | −1.8% | −2.5% | −2.5% | −4.7% | +9.0% | +2.8% | −5.1% | −6.2% | −9.1% | +10.6% | +9.4% |
| 2022 | −13.7% | −1.6% | +0.7% | −12.7% | −3.5% | −6.0% | +9.6% | −2.2% | −7.6% | +8.5% | +2.8% | −5.1% |
| 2021 | +4.9% | +2.7% | −3.2% | +6.2% | −2.1% | +4.0% | −0.9% | +2.4% | −4.5% | +7.1% | −6.6% | +2.8% |
| 2020 | +0.1% | −6.7% | −18.7% | +16.3% | +13.8% | +4.9% | +7.7% | +5.7% | −2.8% | +0.7% | +12.8% | +7.8% |
| 2019 | — | — | — | — | — | — | +3.0% | −5.3% | −1.2% | +0.4% | +7.1% | +0.4% |
QLMSTX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 20.60%
- 3-year Sharpe ratio: 0.32 (vs 4.5% risk-free rate)
- Best month: +12.18% (Nov 2024)
- Worst month: −9.09% (Oct 2023)
QLMSTX Fund Flows
Monthly money in and out of ClearBridge Variable Small Cap Growth Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$25.1M
- 12-month gross sales (incl. reinvestments): $86.2M
- Sales ÷ redemptions: 0.77×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $8.7M | $11.7M | −$3.0M |
| May 2026 | $4.3M | $12.1M | −$7.8M |
| Apr 2026 | $5.9M | $7.9M | −$2.0M |
| Mar 2026 | $4.1M | $9.4M | −$5.4M |
| Feb 2026 | $3.1M | $6.9M | −$3.8M |
| Jan 2026 | $9.9M | $6.9M | $2.9M |
| Dec 2025 | $22.3M | $10.3M | $12.1M |
| Nov 2025 | $3.4M | $5.2M | −$1.8M |
| Oct 2025 | $4.4M | $8.6M | −$4.2M |
| Sep 2025 | $10.5M | $13.1M | −$2.6M |
| Aug 2025 | $3.2M | $11.2M | −$8.0M |
| Jul 2025 | $6.4M | $7.9M | −$1.5M |
QLMSTX Assets Under Management
Net assets of ClearBridge Variable Small Cap Growth Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $460.13M |
| 2026-03-31 | $394.44M |
| 2025-12-31 | $404.91M |
| 2025-09-30 | $425.38M |
| 2025-06-30 | $400.33M |
| 2025-03-31 | $368.70M |
| 2024-12-31 | $404.99M |
| 2024-09-30 | $409.40M |
| 2024-06-28 | $398.54M |
| 2024-03-28 | $427.99M |
| 2023-12-29 | $422.32M |
| 2023-09-29 | $377.55M |
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.