ClearBridge Dividend Strategy Fund (SOPAX)

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The chart shows the growth of an initial investment of $10,000 in ClearBridge Dividend Strategy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

ClearBridge Dividend Strategy Fund (SOPAX) has returned -1.64% so far this year and 9.19% over the past 12 months. Over the last ten years, SOPAX has returned 11.37% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 4, 1993, SOPAX's average daily return is +0.05%, while the average monthly return is +1.13%. At this rate, your investment would double in approximately 5.1 years.

Historically, 68% of months were positive and 32% were negative. The best month was Nov 1999 with a return of +28.6%, while the worst month was Oct 2008 at -16.3%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.

On a daily basis, SOPAX closed higher 53% of trading days. The best single day was Nov 11, 1999 with a return of +26.8%, while the worst single day was Mar 16, 2020 at -11.6%.

ClearBridge Dividend Strategy Fund has an annualized alpha of 7.60%, beta of 0.66, and R² of 0.71 versus S&P 500 Index. Calculated based on daily prices since January 05, 1993.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (91.39%) than losses (65.91%) — typical of diversified or defensive assets.
• This fund generated an annualized alpha of 7.60% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• Beta of 0.66 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

SOPAX has a high expense ratio of 1.02%, indicating above-average management fees.

SOPAX ranks 31 for risk / return — below 31% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for ClearBridge Dividend Strategy Fund (SOPAX) and compare them to a chosen benchmark (S&P 500 Index).

ClearBridge Dividend Strategy Fund provided a 13.58% dividend yield over the last twelve months, with an annual payout of $3.90 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for ClearBridge Dividend Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the ClearBridge Dividend Strategy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the ClearBridge Dividend Strategy Fund was 46.78%, occurring on Mar 9, 2009. Recovery took 848 trading sessions.

The current ClearBridge Dividend Strategy Fund drawdown is 7.59%.

The chart below shows the rolling one-month volatility.