Franklin Templeton has completed the reorganization of the ClearBridge All Cap Growth ESG ETF (CACG) into the ClearBridge Large Cap Growth ESG ETF (LRGE).
This reorganization involved transferring nearly all assets of CACG to LRGE, with CACG shareholders receiving LRGE shares equivalent to the net asset value of their CACG investments as of June 14, 2024.
Approved by the funds’ boards of trustees on February 29, 2024, the reorganization did not require shareholder approval. LRGE focuses on long-term capital appreciation by investing in large-cap companies with strong ESG attributes and the potential for significant earnings growth.
Positive
- LRGE focuses on large-cap growth companies with strong ESG criteria, enhancing investor appeal.
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