Fund Evaluator:
ClearBridge International Value R (LIORX)
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Best Performing in Foreign Large Value Over the Last Year
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Fund Details
ClearBridge International Value R Overview
ClearBridge International Value R (LIORX) is an actively managed International Equity Foreign Large Value fund. Franklin Templeton Investments launched the fund in 2014.
The investment seeks total return on its assets from growth of capital and income. The fund invests primarily in equity securities of foreign companies. Under normal circumstances, it invests at least 80% of its net assets in a diversified portfolio of equity securities of foreign companies. The fund may invest in equity securities of small, medium and large capitalization issuers.
About ClearBridge International Value R (LIORX)
There are 2 members of the management team with an average tenure of 6.29 years: Grace Su (2017), Jean Yu (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI EAFE NR USD index with a weighting of 100% and MSCI ACWI Ex USA NR USD index with a weighting of 100%. ClearBridge International Value R has 72 securities in its portfolio. The top 10 holdings constitute 27.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
ClearBridge International Value R is part of the Equity global asset class and is within the International Equity fund group. ClearBridge International Value R has 90.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 5.7%. There is 90.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ClearBridge International Value R has 3.8% of the portfolio in cash.
Assets Under Management
The fund has $716 million in total assets, which is below the $951 million average for the Foreign Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LIORX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ClearBridge International Value R expense ratio is high compared to funds in the Foreign Large Value category. ClearBridge International Value R has an expense ratio of 1.50%, which is 43% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ClearBridge International Value R has a portfolio turnover rate of 20%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.
Recently, in the month of June 2026, ClearBridge International Value R returned 0.3%, which earned it a grade of B, as the Foreign Large Value category had an average return of -0.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
ClearBridge International Value R has a trailing yield of 3.33%, which is above the 2.87% category average. The fund normally distributes its income annually and its capital gains semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ClearBridge International Value R Grades
Year to date, the fund has returned 13.1%, 2.4 percentage points better than the category, which translates into a grade of B. The fund has returned 26.8% over the past year (grade of B), 18.0% over the past three years (grade of D) and 10.3% per year over the past five years (grade of D) and 8.3% per year over the past 10 years (grade of F).
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LIORX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LIORX Return (NAV) | 0.3% | 13.2% | 26.8% | 18.0% | 10.3% | 8.3% |
| LIORX Grade | B | A | B | D | D | F |
| +/- Category | 0.9% | 5.5% | 1.6% | -1.2% | -1.0% | -1.6% |
| Foreign Large Value Avg | -0.6% | 7.8% | 25.2% | 19.3% | 11.3% | 9.8% |
| LIORX Tax Cost Ratio | na | na | 1.5% | 1.3% | 1.5% | 1.0% |
LIORX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LIORX Return (NAV) | 13.1% | 38.2% | 2.1% | 12.5% | -10.0% | 15.4% | 0.3% | 13.4% | -22.7% | 22.9% | 3.0% |
| LIORX Grade | B | C | D | F | C | A | D | F | F | C | B |
| +/- Category | 2.4% | -0.5% | -2.3% | -5.3% | -0.6% | 3.1% | -2.3% | -5.6% | -6.3% | -0.1% | 0.1% |
| Foreign Large Value Avg | 10.7% | 38.6% | 4.4% | 17.8% | -9.5% | 12.4% | 2.6% | 19.0% | -16.4% | 23.0% | 3.0% |
| Risk Measures | |
| Standard Deviation: | 13.4% |
| Total Risk Index: | 1.10 - Above Average |
| Category Risk Index: | 1.03 - Above Average |
| Category Risk Grade: | D (66% Rank) |
| Beta: | 0.91 |
| R-Squared: | 89% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 3.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $215 Mil |
| Fund Total Assets: | $ 1 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 20% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 9.1 years | |||
| Average Tenure: 6.3 years | |||
| Managers (Year): Su Grace (2017), Yu Jean (2023) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 72 |
| % in Top 10 Holdings: | 27.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 90.5% |
Portfolio Allocation |
|
| Domestic Stock: | 5.7% |
| Foreign Stock: | 90.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.8% |
Purchase Information
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 877-656-3863 |
| Website: | http://www.leggmason.com/ |
| Status: | Open |
| Inception Date: | January 31, 2014 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.50% |
Expenses and Fees | |
| Expense Ratio (%): | 1.50% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | ClearBridge International Value A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
