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Is ClearBridge Large Cap Growth A (SBLGX) a Strong Mutual Fund Pick Right Now?
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If you've been stuck searching for Mutual Fund Equity Report funds, you might want to consider passing on by ClearBridge Large Cap Growth A (SBLGX - Free Report) as a possibility. SBLGX carries a Zacks Mutual Fund Rank of 5 (Strong Sell), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
Franklin is responsible for SBLGX, and the company is based out of San Mateo, CA. ClearBridge Large Cap Growth A debuted in August of 1997. Since then, SBLGX has accumulated assets of about $3.46 billion, according to the most recently available information. The fund's current manager, Peter Bourbeau, has been in charge of the fund since July of 2009.
Performance
Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund carries a 5-year annualized total return of 9.8%, and it sits in the bottom third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 5.4%, which places it in the bottom third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, SBLGX's standard deviation comes in at 20.76%, compared to the category average of 16.31%. The standard deviation of the fund over the past 5 years is 18.76% compared to the category average of 14.62%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. SBLGX has a 5-year beta of 1.06, which means it is likely to be more volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. SBLGX has generated a negative alpha over the past five years of -1.66, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Holdings
Investigating the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is primarily on equities that are traded in the United States.
Currently, this mutual fund is holding 83.73% stock in stocks, which have an average market capitalization of $363.90 billion. The fund has the heaviest exposure to the following market sectors:
Technology
Retail Trade
Other
Turnover is 16%, which means, on average, the fund makes fewer trades than comparable funds.
Expenses
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, SBLGX is a load fund. It has an expense ratio of 0.99% compared to the category average of 0.99%. From a cost perspective, SBLGX is actually on par with its peers.
While the minimum initial investment for the product is $1,000, investors should also note that each subsequent investment needs to be at least $50.
Bottom Line
Overall, ClearBridge Large Cap Growth A ( SBLGX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively weak performance, average downside risk, and on par fees, ClearBridge Large Cap Growth A ( SBLGX ) looks like a somewhat weak choice for investors right now.
Don't stop here for your research on Mutual Fund Equity Report funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare SBLGX to its peers as well for additional information. If you want to check out our stock reports as well, make sure to go to Zacks.com to see all of the great tools we have to offer, including our time-tested Zacks Rank.
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Is ClearBridge Large Cap Growth A (SBLGX) a Strong Mutual Fund Pick Right Now?
If you've been stuck searching for Mutual Fund Equity Report funds, you might want to consider passing on by ClearBridge Large Cap Growth A (SBLGX - Free Report) as a possibility. SBLGX carries a Zacks Mutual Fund Rank of 5 (Strong Sell), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
Franklin is responsible for SBLGX, and the company is based out of San Mateo, CA. ClearBridge Large Cap Growth A debuted in August of 1997. Since then, SBLGX has accumulated assets of about $3.46 billion, according to the most recently available information. The fund's current manager, Peter Bourbeau, has been in charge of the fund since July of 2009.
Performance
Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund carries a 5-year annualized total return of 9.8%, and it sits in the bottom third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 5.4%, which places it in the bottom third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, SBLGX's standard deviation comes in at 20.76%, compared to the category average of 16.31%. The standard deviation of the fund over the past 5 years is 18.76% compared to the category average of 14.62%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. SBLGX has a 5-year beta of 1.06, which means it is likely to be more volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. SBLGX has generated a negative alpha over the past five years of -1.66, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Holdings
Investigating the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is primarily on equities that are traded in the United States.
Currently, this mutual fund is holding 83.73% stock in stocks, which have an average market capitalization of $363.90 billion. The fund has the heaviest exposure to the following market sectors:
- Technology
- Retail Trade
- Other
Turnover is 16%, which means, on average, the fund makes fewer trades than comparable funds.Expenses
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, SBLGX is a load fund. It has an expense ratio of 0.99% compared to the category average of 0.99%. From a cost perspective, SBLGX is actually on par with its peers.
While the minimum initial investment for the product is $1,000, investors should also note that each subsequent investment needs to be at least $50.
Bottom Line
Overall, ClearBridge Large Cap Growth A ( SBLGX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively weak performance, average downside risk, and on par fees, ClearBridge Large Cap Growth A ( SBLGX ) looks like a somewhat weak choice for investors right now.
Don't stop here for your research on Mutual Fund Equity Report funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare SBLGX to its peers as well for additional information. If you want to check out our stock reports as well, make sure to go to Zacks.com to see all of the great tools we have to offer, including our time-tested Zacks Rank.