ClearBridge Appreciation A
SHAPX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York, NY 10041 New York NY United States of America 10041
- IPO Date
- May 3, 1973
- CIK
- 0000880366
- Website
- franklintempleton.com
- Similar Companies
- Business
- ClearBridge Appreciation Fund Class A (SHAPX) is an open-end mutual fund managed by ClearBridge Investments, a subsidiary of Franklin Resources, Inc., that invests primarily in equity securities of U.S. companies with a focus on medium- and large-cap stocks to achieve long-term capital appreciation; it may also allocate to small-cap companies and targets firms exhibiting effective management, superior earnings growth, and strong or improving fundamentals. The fund offers Class A shares with a net expense ratio of approximately 0.91%, annual dividend distributions, and a low portfolio turnover of 17%; its portfolio typically comprises around 63 holdings, with top allocations to information technology (about 30%), communication services (14%), financials (13%), and industrials (11%), including leading positions in Microsoft Corp., NVIDIA Corp., Alphabet Inc., and Apple Inc. Benchmarking against the S&P 500 Index, the fund maintains a weighted average market capitalization of roughly $1.46 trillion and median market cap of $488 billion, with minor exposures to cash (0.6%) and bonds (0.6%). Founded on March 10, 1970, and domiciled in the United States with portfolio management based in New York, the fund operates globally through ClearBridge Investments, which oversees more than $200 billion in assets under management and emphasizes proprietary research-driven, fundamental equity strategies across income, high active share, and low-volatility solutions. It serves retail and institutional investors seeking large-blend exposure in the U.S. equity market, with total net assets exceeding $9.7 billion as of late 2025. In recent developments, ClearBridge Investments completed the integration of Martin Currie strategies under its brand on October 1, 2025, aligning Australian pooled funds' distribution with Franklin Templeton's platform while preserving investment processes and teams; this followed the January 2025 announcement retiring the Martin Currie name to enhance scale, resources, and sustainability-focused active ownership in public equities. The fund continues to be led by Portfolio Managers Michael Kagan (since 2009) and Stephen Rigo, CFA (since 2022), with no reported mergers, acquisitions, or major portfolio overhauls in the prior 1-2 years beyond routine sector adjustments and an underweight in information technology amid AI-driven market dynamics.