Global Growth Strategy

This Strategy invests in a diversified portfolio of listed companies across both developed and emerging markets. It is designed to deliver above-market returns with market-level volatility by identifying and investing in growth companies where our portfolio managers hold a differentiated view on the duration and/or magnitude of growth.

 

Through deep fundamental research and a long-term investment horizon, the Strategy seeks to identify high-quality businesses with sustainable competitive advantages and compelling global growth potential.

Why Invest in the Global Growth Strategy

Key benefits of this Strategy include:

The investment philosophy is based on the belief that superior returns can be achieved by investing in high-quality businesses with growth characteristics when they are trading at a discount or when growth drivers are not fully recognised. The Strategy seeks to capitalise on opportunities where the duration and/or magnitude of growth are underestimated by the market.

Investing across the growth spectrum allows the Strategy to find markets for growth regardless of time periods. Gain access to emerging, secular, and structural growth opportunities, each with distinct risk/return characteristics.

Invest in disruptive, early-stage businesses in rapidly expanding markets with the potential for outsized long-term returns.

Company's with established superior business models and sustainable earnings growth, offering consistency, resilience, and downside protection.

Capture idiosyncratic return drivers from company- or industry-specific change, often overlooked by the broader market.

Portfolio Management Team

The ClearBridge Global Growth Strategy is managed by an experienced investment committee comprising of the following members:

The Portfolio Management Team is employed by ClearBridge Investments, LLC.

Elisa Mazen

Elisa Mazen

Managing Director, Head of Global Growth, Portfolio Manager
Michael Feldman, CFA

Michael Feldman, CFA

Director, Portfolio Manager
Michael Testorf, CFA

Michael Testorf, CFA

Managing Director, Portfolio Manager
Pawel Wroblewski, CFA

Pawel Wroblewski, CFA

Managing Director, Portfolio Manager

What Makes Us Different

The Strategy is managed by a highly disciplined team that follows a structured, systematic process, backed by deep experience across global markets and a strong track record in Growth investing.

A valuation-driven approach to growth is employed, with cash flow as the dominant driver of valuation. Avoiding overpayment is paramount, but equally important is having a differentiated thesis, developed through fundamental research on why a stock is mispriced. This forms a core part of the investment philosophy.

A focus on process has led to repeatable results. The Strategy utilises a proprietary factor model that enables consistent and systematic evaluation of the universe. The model allows:

  • Prioritisation of research ideas 
  • Highlights opportunities and areas to avoid
  • Assists in ongoing evaluation of portfolio holdings

Not anchored to a single definition of growth, portfolios are constructed across a broad spectrum of growth opportunities, an approach that has proven effective through changing market cycles and has consistently supported the Strategy’s success.

A disciplined valuation approach is paired with a robust risk management framework. The majority of active risk is intentionally driven by stock selection rather than factor exposures. Supported by a proprietary factor model, this approach enables consistent performance and long-term outperformance of the benchmark over the long term.

Key Portfolio Information

Growth of AUD $10,000

30 June 2026
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As at 30 June 2026

Performance 1 Month 3 Months 1 Year 3 Years 5 Years Inception2
ClearBridge Global Growth Strategy1 3.8% 12.2% 6.3% 15.5% 11.1% 16.6%
MSCI AC World (Net) (AUD) Index 3.0% 13.6% 17.0% 18.1% 12.8% 14.7%
Excess Returns 0.8% -1.4% -10.7% -2.6% -1.7% 1.9%
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As at 30 June 2026

  • Global Growth Strategy
  • MSCI AC World (Net) (AUD) Index
Download current factsheet

As at 30 June 2026

Top 10 Positions Region Sector Portfolio
Weight %		 Benchmark
Weight %		 Active
Weight %
Nvidia Corp North America Information Technology 5.0% 4.6% 0.4%
Alphabet Inc-Cl A North America Communication Services 5.0% 3.7% 1.3%
Apple Inc North America Information Technology 4.4% 4.2% 0.2%
Taiwan Semiconductor Manufac Emerging Markets Information Technology 3.8% 1.8% 1.9%
Amazon.com Inc North America Consumer Discretionary 3.3% 2.3% 1.0%
Samsung Electronics Co Ltd Emerging Markets Information Technology 2.8% 1.0% 1.8%
Advanced Micro Devices North America Information Technology 2.4% 0.9% 1.5%
Johnson & Johnson North America Health Care 2.3% 0.6% 1.7%
Johnson Controls International Plc North America Industrials 2.2% 0.1% 2.1%
Eli Lilly & Co North America Health Care 2.1% 0.9% 1.2%
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Portfolio Weighted Average June 2026
Avg Market Capitalisation 1503.7bn (AUD)
PE Ratio (FY1 Est) 22.8
Price/Book 7.4
Est 3-5 Yr EPS Growth 19.3%
ROE 22.6%
Dividend Yield 0.9%
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Investing in the Global Growth Strategy

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Franklin Templeton Australia Limited is the Responsible Entity and distributor for all ClearBridge managed Funds in Australia. To explore and access these Funds, you will be redirected to the Franklin Templeton website.

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Institutional Investors

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Disclaimer

1 Internal calculations for the Global Growth Strategy. All index data sourced from FactSet. Strategy performance is composite performance, shown gross of fees. Results over one year annualised. All values in AUD and net of withholding taxes for benchmarks, if applicable. Non-AUD values converted into AUD using FactSet Forex data.
2 Performance inception date: 30 June 2012.

Past performance is not a reliable indicator of future performance.

Investment returns can be volatile and may be influenced by market movements, currency fluctuations, and other factors.

This information is provided for general informational purposes only and does not constitute financial product advice. It has been prepared without taking into account any investor’s objectives, financial situation, or needs. Investors should consider the appropriateness of the information in light of their own circumstances and seek independent financial advice before making any investment decision.

References to specific securities, industries, or sectors are not recommendations to buy, sell, or hold any particular investment. Any target returns, performance (and related information), and dividend yields are based on internal research and are subject to change without notice. There is no assurance that a Strategy will meet its objectives.

ClearBridge Investments, LLC claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. ClearBridge Investments, LLC ("ClearBridge") is a wholly owned indirect subsidiary of Franklin Resources, Inc. (“Franklin”). In July 2020 Legg Mason, Inc., its parent company, was purchased by Franklin. The investment advisory business now known as ClearBridge was registered in September 2005 to facilitate Legg Mason's acquisition of substantially all the equity asset management businesses known as Citigroup Asset Management. These former businesses serve as the foundation of ClearBridge and its claim of GIPS compliance for institutional accounts through predecessor firms, effective as of January 1997. In June 2008, ClearBridge combined this business with its retail business to form a single GIPS firm. As of April 1, 2013, January 1, 2016, May 1, 2020, and January 1, 2024 ClearBridge affiliates, Global Currents Investment Management, LLC, ClearBridge, LLC, ClearBridge Investments Limited (f/k/a RARE Infrastructure Limited), and Franklin Bissett Asset Management have become part of the ClearBridge GIPS firm.

The ClearBridge Global Growth Composite invests in common stocks of U.S. and non-U.S. companies that, in the portfolio manager's opinion, appear to offer above average growth potential and trade at a significant discount to the portfolio manager's assessment of their intrinsic value. Intrinsic value, according to the portfolio manager, is the value of the company measured, to different extents depending on the type of company, on factors such as, but not limited to, the discounted value of its projected future free cash flows, the company's ability to earn returns on capital in excess of its cost of capital, private market values of similar companies and the costs to replicate the business. Results calculated in U.S. dollars. The MSCI ® All Country World Index (ACWI) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets net of reinvested dividend withholding taxes. The MSCI ACWI consists of various country indices comprising both developed and emerging markets.To receive a complete list and description of ClearBridge composites and/or a presentation that adheres to the GIPS standards, please contact us.

Franklin Templeton Australia Limited ("FTAL") is the issuer and Responsible Entity of all ClearBridge managed funds. Retail funds’ offering documents, factsheets and application materials are hosted exclusively on the FTAL website. Any links to the FTAL website are provided for convenience only and ClearBridge Investments is not responsible for the maintenance or content of those external pages. Linking does not imply an offer, recommendation or solicitation to purchase.