DOCS - ClearBridge Aggressive Growth Strategy Portfolio Manager Commentary Q1 2022

• ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers.
• The Strategy outperformed during the quarter due to greater resilience of the steadily growing, highly free-cash- flow-generative and more moderately valued companies we target.
• One of the key outcomes of our active repositioning over the last 15 months, which included six new positions over the last two quarters, has been an increase in the portfolio’s overall growth rate, both on an absolute basis and compared to the benchmark.
• During periods of market transition such as the current one, our experience has taught us that bearish investor sentiment often overlooks business fundamentals, creating opportunity for us as long-term investors, especially among disruptors.

For further details see: