ClearBridge SMID Cap Growth Strategy Portfolio Manager Commentary Q2 2019

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Includes: ADS, APY, CATM, COR, CPRT, DATA, FTNT, JLL, MDSO, MELI, NEWR, PODD, WBC
by: ClearBridge Investments
Summary

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.

SMID cap growth stocks were among the best performers in the market as investors expressed a strong preference for companies able to generate organic growth.

The portfolio’s healthcare and industrials exposure drove results during the period.

The attractive growth characteristics of the companies we target led to acquisition bids for three portfolio holdings.