GH - ClearBridge Multi Cap Growth Strategy Portfolio Manager Commentary Q3 2020

• 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.
• While overall market breadth remains narrow, the Strategy’s performance during the technology correction in the last month of the quarter is encouraging.
• The Strategy’s media holdings showed signs of improvement, buoyed by the return of live sports and robust demand for broadband.
• A clinical breakthrough on a COVID vaccine could be the catalyst that spurs a rotation out of momentum into the types of fundamentally strong, attractively valued companies we own.

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