ClearBridge Growth Fund Q3 2025 Commentary (SHRAX)

Franklin Templeton 4.62K Follower s Follow 5 Share Save Play ( 7min ) Comments Summary The Fund outperformed the benchmark gross of fees, supported by a broad base of contributors, reflecting our commitment to diversified growth. Broadcom, a multidecade holding that remains the Fund's top position, stood out after announcing a fourth customer for its specialized XPU chips geared to AI workloads. The quarter saw pockets of weakness among consumer discretionary holdings like Chipotle, CAVA and Airbnb, reflecting macro uncertainty and a softer spending environment. We stayed disciplined in exiting positions where our investment thesis had evolved from its original premise. Monetary easing and potential regulatory changes could provide tailwinds in 2026, but we appreciate that many stocks have begun to price in a more optimistic environment. phongphan5922/iStock via Getty Images Key Takeaways Markets: U.S. equities continued their momentum in the third quarter, with the S&P 500 Index up 8.1% and the benchmark Russell Midcap Growth Index increasing 2.8%. Investor optimism was fueled by better-than-feared tariff outcomes, the passing of the One This article was written by Franklin Templeton 4.62K Follower s Follow Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,300 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.4 trillion in assets under management as of June 30, 2023. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.

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