ATLKY - ClearBridge Investments Sustainability Leaders Strategy Q1 2022 Commentary

• 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 energy rally proved a headwind for the Strategy in the first quarter, although the urgency of energy security has accelerated spending on renewable energy, helping solar companies despite threats from higher interest rates.
• We repositioned our industrials exposure to benefit from inflation trends, particularly from higher agricultural commodities prices.
• Holdings across ClearBridge driving the shift to renewable energy continue to lead the way with new technologies and projects that are finding both legislative andmarket support.

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