Legg Mason ClearBridge Variable Aggressive Growth Portfolio

Our goal1

Capital appreciation

What we invest in

The Portfolio invests primarily in the common stock of large, well-known companies that offer potential for long-term earnings growth. The Portfolio may also invest a significant portion of its assets in small- and medium- sized companies, since higher earnings growth rates are often achieved by such companies.

Our approach

The Portfolio’s manager applies a rigorous, “bottom-up” research process to identify companies with strong fundamentals, skilled and committed management teams and a clear market advantage. Through patient management, the Portfolio seeks to capture earnings growth from companies offering new or innovative technologies, products and services.

What should I know before investing?

Equity securities are subject to price fluctuation and possible loss of principal. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. International investments are subject to special risks, including currency fluctuations and as social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Short selling is a speculative strategy. Unlike the possible loss on a security that is purchased, there is no limit on the amount of loss on an appreciating security that is sold short.

Meet Your ClearBridge managers

Richard Freeman and Evan Bauman each serve as co-portfolio manager of the fund. Mr. Freeman has served as the fund's portfolio manager since its inception in 1999. Evan Bauman became co-portfolio manager effective August 6, 2009.

They're part of ClearBridge Advisors, Legg Mason's largest equity manager. ClearBridge offers institutional and individual investors a variety of traditional and alternative equity strategies. With an investment heritage dating back over 40 years, ClearBridge offers distinctive manager insights and proprietary fundamental research

Legg Mason's unique structure provides you with access to this specialized expertise. We offer a powerful portfolio of solutions through our independent investment management firms.


Prior to November 2, 2009, the Fund was known as Legg Mason Partners Variable Aggressive Growth Portfolio. The Fund’s investment objective, portfolio managers and investment strategy have not changed. Please see the prospectus for details.

1 There is no guarantee that the Portfolio’s objective will be met.

These portfolios are available as investment options under a variable annuity or variable life contract. Shares of the portfolios are offered only to insurance company separate accounts that fund certain variable annuity or life contracts. These portfolios may not be available in all states and may only be offered in certain variable products. Please refer to the prospectuses. Variable annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Withdrawals made prior to age 59½ are subject to a 10% IRS penalty charge and/or surrender charges. Investments in a variable annuity are subject to market risks, including loss of principal. Guarantees are based on the claims-paying ability of the insurer.

VARIABLE ANNUITIES ARE SOLD BY PROSPECTUS ONLY. AN INVESTOR SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE INSURANCE CONTRACT AND THE UNDERLYING PORTFOLIO CAREFULLY BEFORE INVESTING. THE PROSPECTUSES CONTAIN THIS AND OTHER IMPORTANT INFORMATION ABOUT THE INSURANCE CONTRACT AND THE UNDERLYING PORTFOLIO. FOR A FREE PROSPECTUS ON THE UNDERLYING PORTFOLIO, PLEASE CLICK ON THE PROSPECTUS LINK. AN INVESTOR SHOULD READ THE PROSPECTUSES CAREFULLY BEFORE INVESTING.

All investment managers and Legg Mason Investor Services, LLC are subsidiaries of Legg Mason, Inc.

This site is intended for U.S. investors only. The products and services described on this site are generally not available to non-U.S. investors.


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