ClearBridge Appreciation A

Frequently Asked Questions About SHAPX

What does SHAPX invest in?

This fund primarily seeks growth through investments in the stocks (equity securities) of companies located within the United States. While it generally favors established businesses with mid-to-large market valuations, it also possesses the discretion to allocate capital to smaller enterprises. A minor portion of the portfolio, up to 20% of its total net assets, may be channeled into the shares of companies based outside the U.S.

What is the expense ratio of SHAPX?

ClearBridge Appreciation A (SHAPX) charges an expense ratio of 0.91%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SHAPX?

ClearBridge Appreciation A (SHAPX) manages $9.44B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is SHAPX actively managed or an index fund?

SHAPX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (SHAPX's is 0.91%) in exchange for the discretion to over- or under-weight positions.

When was SHAPX launched?

ClearBridge Appreciation A (SHAPX) launched in May 1973 and is managed by ClearBridge.

How has SHAPX performed?

SHAPX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.