ETN - ClearBridge Sustainability Leaders Strategy Portfolio Manager Commentary Q4 2021

• 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.
• Amid heightened volatility from a new COVID-19 variant and a more hawkish Fed, portfolio gains were led by a diverse group of contributors.
• We remained active during the quarter in finding opportunities to bolster our health care holdings and diversify IT exposure.
• Companies across ClearBridge portfolios are helping communities in lower-income countries and across global supply chains navigate vaccine distribution challenges.

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