Legg Mason ClearBridge Variable Large Cap Growth Portfolio

Investment management

Managed by ClearBridge Advisors

  • Established in 2006 with a heritage of over 44 years of asset management experience, offering actively managed U.S. equity products in a wide range of capitalizations and styles that share a focus on research-driven fundamental investing.
  • Peter Bourbeau and Scott Glasser are co-portfolio managers of your Portfolio, each with over 18 years of investment industry experience.

Investment objective1

The Portfolio seeks long-term growth of capital.

Investment risks

Keep in mind that common stocks are subject to market fluctuations. Diversification does not assure against market loss. The Portfolio may focus its investments in certain regions or industries, thereby increasing its potential vulnerability to market volatility. Because this Portfolio expects to hold a concentrated portfolio of a limited number of securities, a decline in the value of these investments would cause the Portfolio's overall value to decline to a greater degree than a less concentrated portfolio. The Portfolio is subject to certain risks of overseas investing, not associated with domestic investing, including currency fluctuations, changes in potential and economic conditions, differing securities regulations and periods of illiquidity, which could result in significant market fluctuations. The Portfolio may use derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses, and have a potentially large impact on Portfolio performance. The Portfolio may sell securities short. 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.


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

Effective August 6, 2009, Scott Glasser joined Peter Bourbeau as a co-portfolio manager of the Portfolio. Peter Bourbeau became co-portfolio manager as of July 15, 2009.

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.


Copyright © 2010 Legg Mason Investor Services, LLC. Member FINRA, SIPC