Registry rank 698 · Portfolio as of 2026-03-31

ClearBridge Dividend Strategy Fund

LBRIX · LCBEX · LCBOX · LMMRX · SBPLX · SOPAX · SOPYX

Best-fit active share75.3%vs IVV · fund as of 2026-03-31 · proxy as of 2026-03-31
Declared-benchmark active share77.0%Russell 3000 Index · benchmark mismatch · fund as of 2026-03-31 · proxy as of 2026-03-31 · declared source as of 2025-12-31
LBRIX expense ratio1.02%SEC expense filing · as of 2025-12-31
LBRIX fee per active unit1.35%expense as of 2025-12-31; fund as of 2026-03-31; proxy as of 2026-03-31

Filed fees in dollars

SEC-convention illustration

Computed from SEC filings

Assumptions for each dollar figure: $100,000 starting amount · 5.0% annual return · annual compounding · fees deducted annually · 0.01% computed index-control baseline. Methodology.

Illustrated difference between each class’s filed expense ratio and the computed index-control baseline. Computed from SEC filings.
Share class and filing10 years20 years30 years
LBRIX1.02% · SEC expense filing · as of 2025-12-31$14,994$46,554$108,487
LCBEX0.66% · SEC expense filing · as of 2025-12-31$9,799$30,932$73,256
LCBOX0.71% · SEC expense filing · as of 2025-12-31$10,530$33,164$78,363
LMMRX1.36% · SEC expense filing · as of 2025-12-31$19,755$60,393$138,666
SBPLX1.75% · SEC expense filing · as of 2025-12-31$25,045$75,241$169,924
SOPAX1.00% · SEC expense filing · as of 2025-12-31$14,710$45,713$106,621
SOPYX0.73% · SEC expense filing · as of 2025-12-31$10,822$34,051$80,386

Real trailing windows

Computed on licensed market-return history

Trailing windows use IVV adjusted-close total-return history through 2026-07-29 and the same filed index-control fee baseline as the convention table. Methodology.

Dollar fee drag over actual trailing proxy-return windows. Each result below is computed on licensed market-return history.
Share class and filing10 years20 years30 years
LBRIXFiled fee as of 2025-12-31$33,795Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$138,889Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
LCBEXFiled fee as of 2025-12-31$22,056Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$92,122Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
LCBOXFiled fee as of 2025-12-31$23,707Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$98,792Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
LMMRXFiled fee as of 2025-12-31$44,579Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$180,470Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
SBPLXFiled fee as of 2025-12-31$56,597Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$225,251Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
SOPAXFiled fee as of 2025-12-31$33,152Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$136,366Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
SOPYXFiled fee as of 2025-12-31$24,365Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$101,444Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window

These figures are illustrations, not predictions or personalized advice. Returns and fees can differ. Read the research disclaimer.

Change the illustration

Return mode

Computed from SEC filings

Assumptions for the dollar figures below: $100,000 starting amount; 5.0% annual return; 20 years; annual compounding; fees deducted annually; 0.01% computed index-control baseline. LBRIX SEC expense filing, as of 2025-12-31. Methodology.

SEC-convention illustration for LBRIX; expense ratio filed as of 2025-12-31.
ResultAmount
Ending value at baseline$264,825
Ending value at filed expense ratio$218,271
Difference attributed to fee drag$46,554

This is an illustration, not a prediction or personalized advice. Returns and fees can differ. Read the research disclaimer.

Largest active differences vs IVV

The bars are labeled and repeated in the table; color is not the only signal. Linked company names open Buy Like Buffett’s company record; Sensible Investor does not score stocks.

Williams Cos., Inc. (The)+4.54%
NESTLE SA-SPONS ADR+2.93%
HoldingFundIVVDifference
NVIDIA Corp.0.00%7.58%-7.58%
Apple, Inc.1.73%6.67%-4.94%
Williams Cos., Inc. (The)4.70%0.16%+4.54%
Amazon.com, Inc.0.00%3.64%-3.64%
NESTLE SA-SPONS ADR2.93%0.00%+2.93%
Air Products & Chemicals, Inc.2.89%0.12%+2.78%
Texas Instruments, Inc.2.99%0.32%+2.67%
Apollo Global Management, Inc.2.71%0.09%+2.61%
Exxon Mobil Corp.3.82%1.27%+2.56%
Alphabet, Inc.2.99%5.40%-2.41%

Source and verification

SEC N-PORT filing · filed 2026-05-28 · period 2026-03-31

SEC expense filing · period 2025-12-31

Immutable verification record · Active-share method

Cite these figures

Each snippet includes the figure’s source-event date and immutable verification URL.

Best-fit active share

Sensible Investor, “ClearBridge Dividend Strategy Fund — best-fit active share,” 75.3% versus IVV, fund portfolio as of 2026-03-31. https://sensible-investor.com/registry/lbrix/as-of/363649da-fcfb-4007-87ef-de06de7710ca

LBRIX filed expense ratio

Sensible Investor, “ClearBridge Dividend Strategy Fund — filed expense ratio,” 1.02% for LBRIX, as of 2025-12-31. https://sensible-investor.com/registry/lbrix/as-of/363649da-fcfb-4007-87ef-de06de7710ca

LBRIX fee per active unit

Sensible Investor, “ClearBridge Dividend Strategy Fund — fee per unit of active management,” 1.35% using the LBRIX expense ratio as of 2025-12-31 and fund portfolio as of 2026-03-31. https://sensible-investor.com/registry/lbrix/as-of/363649da-fcfb-4007-87ef-de06de7710ca