What this ETF is trying to do

The CLEARBRIDGE LARGE CAP GROWTH ESG ETF (ticker: LRGE) is an exchange-traded fund. Based on its name, it focuses on large companies that show growth characteristics. It also follows certain environmental, social, and governance (ESG) standards. This ETF holds a variety of different stocks in its portfolio.

What the numbers show

As of August 10, 2026, the current price of LRGE is $88.57. Looking back at history, we can see how the share price has moved:

• One-Year Performance: The one-year price return was approximately 10.62%. This measures only the change in the share price. When we look at the one-year total return, which includes distributions, the figure is approximately 10.76%.

• Year-to-Date (YTD): The YTD price return and YTD total return are both approximately 7.57%.

• Three-Year Performance: Over the last three years, the price return was approximately 64.51%, while the total return was approximately 65.17%.

To understand the one-year change, we can look at an estimated price from roughly one year ago, which was $80.07. For example, if you had invested $10,000 into this ETF one year ago, your investment's value would have grown based on these price changes before accounting for any distributions.

Income and distribution explanation

This ETF provides cash distributions to investors. The distribution yield is approximately 11.8%. It is important to remember that a high distribution yield is not the same as total return. While distributions provide cash, they do not guarantee that your original investment will stay the same value. In this case, the distribution frequency is described as irregular or less frequent, with one payout recorded in the last 12 months.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases significantly. When an ETF's share price falls consistently, it can be a sign of trouble for the principal (the original money invested).

For LRGE, the data shows an erosion-risk score of 100, which is labeled as "No price erosion detected." Additionally, there is no severe erosion-risk flag for this ETF. This means that, based on these specific measurements, the fund does not show signs of substantial price deterioration.

Top Holdings

The following are the top holdings in this ETF (note that this list is a partial view of the total 43 holdings):

• NET CURRENT ASSETS USD: 22.38%

• NVIDIA CORP: 9.21%

• MICROSOFT CORP: 6.40%

• AMAZON.COM INC: 5.73%

• META PLATFORMS INC CLASS A: 4.80%

• APPLE INC: 3.82%

• VISA INC CLASS A: 3.45%

• JPMORGAN 100% US TR SEC MM INST: 3.38%

• NETFLIX INC: 3.03%

• ALPHABET INC CLASS A: 1.96%

Please keep in mind that holdings can change over time.

Pros

• The ETF has shown positive price returns and total returns over the one-year, year-to-date, and three-year periods.

• The erosion-risk measurements suggest a "good" status with no detected price erosion.

Cons

• Distributions are irregular and less frequent rather than being paid out on a steady schedule.

Beginner takeaway

When looking at an ETF like LRGE, it is helpful to look at both the share-price return and the total return. The share-price return tells you how the price moved, while the total return includes the impact of distributions. Always remember that a high distribution yield does not mean the fund is growing; it is important to watch if the share price is staying steady or growing alongside those payments.