ClearBridge Dividend Strategy Fund
SOPAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
- Nov 6, 1992
- CIK
- 0000880366
- Website
- franklintempleton.com
- Similar Companies
- Business
- ClearBridge Dividend Strategy Fund (SOPAX) is an actively managed open-end mutual fund that seeks a high level of current income, dividend growth, and long-term capital appreciation by investing primarily in common stocks of high-quality, large-cap companies with attractive or improving dividend profiles. The fund normally invests at least 80% of its net assets in equity securities, including common stocks, depositary receipts, and other equity-like instruments, that pay dividends or are expected to pay dividends in the future; it maintains a diversified portfolio of approximately 57 holdings, with top sector allocations to information technology (15.62%), financials (14.10%), health care (11.76%), communication services (10.27%), and energy (10.23%), a dividend yield of 2.17%, and a weighted average market capitalization of $563.26 billion. Class A shares (ticker: SOPAX) feature a front-end sales charge of 5.5%, a deferred load of 1%, an expense ratio of approximately 1.02%, a portfolio turnover rate of 19%, and total net assets of $8.97 billion as of late 2025. Managed by ClearBridge Investments, a Franklin Templeton specialist investment manager with over $200 billion in assets under management and offices in New York, Baltimore, Calgary, Edinburgh, Fort Lauderdale, Leeds, London, Melbourne, and Sydney, the fund employs fundamental analysis to select securities from U.S. and foreign issuers (up to 50% international exposure), focusing on companies with long histories of paying and increasing dividends for income stream stability and risk mitigation. The portfolio management team, led by managers with extensive experience since at least 2009, emphasizes proprietary research, high active share, and low-volatility strategies across global developed and emerging markets. The fund belongs to the Lipper Equity Income Funds classification and Morningstar Large Value category, benchmarking against the S&P 500 Index. Incepted on November 6, 1992, as Legg Mason ClearBridge Capital and Income Fund and restructured with its current investment objective and policies on December 7, 2009, before adopting the name ClearBridge Dividend Strategy Fund on May 1, 2015, SOPAX targets retail and institutional investors seeking equity income solutions through mutual fund share classes including Class A, Class I (SOPYX), and others. Recent portfolio adjustments in the third quarter of 2025 included reducing the position in Travelers Companies (TRV) to finance other acquisitions amid elevated valuations, while benefiting from stock selection in industrials, information technology, health care, and utilities; earlier in 2025, the strategy initiated positions in L3Harris Technologies and increased Exxon Mobil for enhanced risk/reward and resilience. As of November 30, 2025, the fund delivered average annual total returns of 1.42% (1-year), 10.47% (3-year), 10.94% (5-year), and 11.30% (10-year) for Class A shares, reflecting its emphasis on modest valuations amid market highs driven by policy tailwinds and interest rate cuts.