GILD - ClearBridge Sustainability Leaders 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.
• Our diversified approach to portfolio construction, balancing technology names with more cyclical and defensive stocks, helped the Strategy outperform in the third quarter.
• As lockdowns eased and demand recovered, smaller manufacturers retooled to operate safely in a COVID-19 environment, making positive contributions.
• Developing the energy grid of the future will require an ecosystem of renewable energy innovators and adopters, and several ClearBridge holdings are playing a role.

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