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This Low-Cost Fund Stays Afloat in Sinking Markets

Silver-rated ClearBridge Appreciation has one of the better risk/reward profiles in its category, says Morningstar's Andrew Daniels.


Silver-rated ClearBridge Appreciation is a great fund for cautious investors. It has many positive attributes, including a strong record of downside protection, a duo of experienced managers, and below-average fees. 

Comanagers Scott Glasser and Michael Kagan strive to achieve returns that modestly beat the S&P 500's with significantly less risk. The managers want to own stocks where the potential upside outweighs the potential downside by a ratio of 3 to 1. The portfolio consists primarily of large-cap stocks with dominant market positions, healthy balance sheets, and proven management teams. The fund is well-diversified across sectors and industries, underscoring the team’s focus on adding value mainly through stock selection. 

Andrew Daniels does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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