Fund Evaluator:
ClearBridge International Growth R (LMGRX)
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Best Performing in Foreign Large Growth Over the Last Year
| 27.0% | WCM Focused International Equity Inv (WLIVX) |
| 25.4% | Saturna International Z (SIFZX) |
| 25.1% | Saturna International (SSIFX) |
| 24.2% | American Funds EUPAC F-3 (FEUPX) |
| 23.2% | Fidelity Diversified International (FDIVX) |
Fund Details
ClearBridge International Growth R Overview
ClearBridge International Growth R (LMGRX) is an actively managed International Equity Foreign Large Growth fund. Franklin Templeton Investments launched the fund in 2006.
The investment seeks long-term growth of capital. The fund normally invests primarily in common stocks of foreign companies that, in the portfolio managers' opinion, appear to offer above average growth potential and trade at a significant discount to the portfolio managers' assessment of their intrinsic value. It may invest in common stocks of foreign companies of any size located throughout the world.
About ClearBridge International Growth R (LMGRX)
There are 4 members of the management team with an average tenure of 8.70 years: Michael Testorf (2015), Pawel Wroblewski (2015), Michael Feldman, CFA (2025), Elisa Mazen (2013). 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 Growth R has 72 securities in its portfolio. The top 10 holdings constitute 30.3% 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 Growth R is part of the Equity global asset class and is within the International Equity fund group. ClearBridge International Growth R has 94.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.6%. There is 94.6% 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 Growth R has 2.2% of the portfolio in cash.
Assets Under Management
The fund has $27 million in total assets, which is below the $1 billion average for the Foreign Large Growth 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.
LMGRX 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 Growth R expense ratio is high compared to funds in the Foreign Large Growth category. ClearBridge International Growth R has an expense ratio of 1.40%, which is 35% 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 Growth R has a portfolio turnover rate of 68%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Foreign Large Growth category.
Recently, in the month of July 2026, ClearBridge International Growth R returned -5.4%, which earned it a grade of F, as the Foreign Large Growth category had an average return of -2.7%. 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 Growth R has a trailing yield of 1.13%, which is above the 0.95% 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 Growth R Grades
Year to date, the fund has returned 1.0%, 5.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 9.1% over the past year (grade of D), 9.7% over the past three years (grade of D) and 3.3% per year over the past five years (grade of C) and 8.9% per year over the past 10 years (grade of B).
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LMGRX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LMGRX Return (NAV) | -5.4% | -1.6% | 9.1% | 9.7% | 3.3% | 8.9% |
| LMGRX Grade | F | F | D | D | C | B |
| +/- Category | -2.7% | -4.2% | -4.0% | -1.0% | 0.0% | 0.7% |
| Foreign Large Growth Avg | -2.7% | 2.6% | 13.1% | 10.7% | 3.2% | 8.2% |
| LMGRX Tax Cost Ratio | na | na | 1.8% | 0.8% | 0.6% | 0.3% |
LMGRX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LMGRX Return (NAV) | 1.0% | 22.3% | 6.8% | 13.6% | -21.7% | 3.4% | 24.2% | 30.7% | -9.8% | 35.8% | -2.3% |
| LMGRX Grade | F | B | B | F | B | D | C | B | A | B | C |
| +/- Category | -5.5% | 2.3% | 1.5% | -3.1% | 3.5% | -4.7% | -1.3% | 1.4% | 3.8% | 3.7% | -0.7% |
| Foreign Large Growth Avg | 6.5% | 20.0% | 5.3% | 16.7% | -25.2% | 8.1% | 25.5% | 29.3% | -13.6% | 32.1% | -1.6% |
| Risk Measures | |
| Standard Deviation: | 14.6% |
| Total Risk Index: | 1.19 - Above Average |
| Category Risk Index: | 0.95 - Average |
| Category Risk Grade: | C (46% Rank) |
| Beta: | 0.93 |
| R-Squared: | 79% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 1.1% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $6841 Mil |
| Fund Total Assets: | $ 28 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 68% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 12.8 years | |||
| Average Tenure: 8.7 years | |||
| Managers (Year): Mazen Elisa (2013), Testorf Michael (2015), Wroblewski Pawel (2015), Feldman, CFA Michael (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 72 |
| % in Top 10 Holdings: | 30.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 94.6% |
Portfolio Allocation |
|
| Domestic Stock: | 2.6% |
| Foreign Stock: | 94.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.6% |
| Cash: | 2.2% |
Purchase Information
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 877-656-3863 |
| Website: | www.leggmason.com |
| Status: | Open |
| Inception Date: | December 28, 2006 |
| 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 (%): | 1.40% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.03% |
| Share Class: | ClearBridge International Growth C |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
