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| Total AUM | Avg. PM Years Experience | Years Since Inception |
|---|---|---|
| -- | 22 | 10 |
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| Gross of Fees | 4.61 | 9.35 | 16.02 | 7.95 | 9.34 | 9.65 |
| Net of Fees | 4.05 | 8.57 | 15.16 | 7.04 | 8.37 | 8.65 |
| OECD G7 CPI +5.5% Index | 6.65 | 8.65 | 8.38 | 9.66 | 9.11 | 8.57 |
| FTSE Global Core Infrastructure 50/50 Net Tax Index | 3.31 | 4.13 | 12.78 | 6.23 | 5.32 | 6.63 |
The Global Infrastructure Income Strategy invests in global listed infrastructure companies with a combined focus on reliable income and capital growth.
| Strategy Overview | Global listed infrastructure |
| Benchmark | OECD G7 CPI +5.5% Index |
| Total Strategy AUM | |
| Holdings Range | 30-601 |
| Objective | Long-term inflation-linked capital growth over an economic cycle with a focus on reliable income3 |
We believe that by using a longer-term fundamental valuation approach when investing in listed markets through the cycle, significant opportunities arise as listed markets misprice infrastructure assets in the short term.
The Strategy focuses on both regulated and user pays assets
Top-down macroeconomic outlook combined with bottom-up fundamental research undertaken within a rigorous analytical framework
Team of four portfolio managers focused only on infrastructure
This strategy is available in other investment vehicles including the following:
| YTD | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years | |
|---|---|---|---|---|---|---|
| Gross of Fees | 4.61 | 9.35 | 16.02 | 7.95 | 9.34 | 9.65 |
| Net of Fees | 4.05 | 8.57 | 15.16 | 7.04 | 8.37 | 8.65 |
| OECD G7 CPI +5.5% Index | 6.65 | 8.65 | 8.38 | 9.66 | 9.11 | 8.57 |
| FTSE Global Core Infrastructure 50/50 Net Tax Index | 3.31 | 4.13 | 12.78 | 6.23 | 5.32 | 6.63 |
| Representative Portfolio | OECD G7 CPI +5.5% Index | FTSE Global Core Infrastructure 50/50 Net Tax Index | |
|---|---|---|---|
| Electric | 30.35 | 0.00 | 0.00 |
| Energy Infrastructure | 18.24 | 0.00 | 0.00 |
| Gas | 12.63 | 0.00 | 0.00 |
| Airports | 9.60 | 0.00 | 0.00 |
| Rail | 9.06 | 0.00 | 0.00 |
| Renewables | 8.22 | 0.00 | 0.00 |
| Water | 4.69 | 0.00 | 0.00 |
| Communications | 2.41 | 0.00 | 0.00 |
| Other Infrastructure | 1.47 | 0.00 | 0.00 |
| Toll Roads | 1.32 | 0.00 | 0.00 |
| Cash | 2.02 | 0.00 | 0.00 |
| Characteristics | Representative Portfolio | OECD G7 CPI +5.5% Index | FTSE Global Core Infrastructure 50/50 Net Tax Index |
|---|---|---|---|
| P/E Ratio (trailing 12 mos.) | 19.2 | - | - |
| P/E Ratio (forward 12 mos.) | 17.7 | - | - |
| Price/Book | 3.1 | - | - |
| EPS Growth Next 3-5 Years (%) | 7.7 | - | - |
| Weighted Median Market Cap ($ bn) | 30.7 | - | - |
| Weighted Average Market Cap ($ bn) | 37.9 | - | - |
| ROE | 13.6 | - | - |
| Dividend Yield | 4.4 | - | - |
| Turnover (trailing 12 mos.) | 59.7 | - | - |
| 7 Year Risk Statistics | Composite vs. OECD G7 CPI +5.5% Index | Composite vs. FTSE Global Core Infrastructure 50/50 Net Tax Index | OECD G7 CPI +5.5% Index | FTSE Global Core Infrastructure 50/50 Net Tax Index |
|---|---|---|---|---|
| Annualized Returns (7 Years) | 9.34 | 9.34 | 9.11 | 5.32 |
| Standard Deviation (%) | 15.64 | 15.64 | 1.06 | 15.14 |
| Sharpe Ratio | 0.41 | 0.41 | -- | 0.23 |
| Tracking Error (%) | 15.84 | 4.72 | -- | -- |
| R2 | 0.01 | 0.91 | -- | -- |
| Alpha (%) | 13.07 | 3.03 | -- | -- |
| Beta | -1.01 | 0.99 | -- | -- |
| Characteristics | % of Total Representative Portfolio |
|---|---|
| APA Group | 5.14 |
| Aena SME SA | 5.08 |
| TC Energy Corp | 4.80 |
| Canadian National Railway Co | 4.73 |
| Entergy Corp | 4.71 |
| Williams Cos Inc/The | 4.42 |
| Engie SA | 4.32 |
| Pembina Pipeline Corp | 4.02 |
| Naturgy Energy Group SA | 3.76 |
| Enel SpA | 3.70 |
| Total | 44.68 |
| Total Number of Holdings | 33 |
1 Source: FactSet. Representative portfolio characteristics, holdings, sector weightings and market cap are based on a representative portfolio and are subject to change at any time. Holdings, sector weightings, market cap and portfolio characteristics of individual client portfolios may differ, sometimes significantly, from those shown. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities and sectors listed. Statistics shown are net of fees.
2 Past performance is no guarantee of future results. See GIPS endnotes. Performance is preliminary and subject to change.
3 There is no guarantee that the Strategy's objective will be met.
P/E ratios are weighted harmonic average. Price/Book is weighted average.
* Data (excluding AUM and Market Cap) in GBP.
Performance source: Internal. Benchmark source: FTSE Russell, OECD.
ClearBridge Investments, LLC claims compliance with the Global Investment Performance Standards (GIPS®). ClearBridge Investments, LLC ("ClearBridge") is a wholly- owned indirect subsidiary of Franklin Templeton, Inc. ("Franklin"), which acquired ClearBridge's former parent, Legg Mason, Inc., in July 2020. The firm's foundation and claim of GIPS compliance date back to January 1997 through predecessor firms associated with Citigroup Asset Management, which was acquired in 2005. Since combining its institutional and retail businesses into a single GIPS firm in June 2008, ClearBridge has expanded through the integration of Global Currents Investment Management (April 2013), ClearBridge, LLC ( January 2016), ClearBridge Investments Limited (May 2020), and the Equity Teams of Franklin Bissett Asset Management (January 2024). Most recently, the firm announced the integration of Martin Currie (MC) in 2025. For GIPS purposes, the business was organized into three distinct Strategies, MC Emerging Markets, MC Australian Equities, and MC UK Equities. MC Emerging Markets was completed in November 2025, MC UK Equities was completed in March 2026, and MC Australian Equities was completed in June 2026. GIPS compliance was claimed and ported individually for each MC team, where applicable.
The ClearBridge Global Infrastructure Income Composite generally holds between 30-60 different securities across a number of infrastructure sub-sectors such as gas, electricity, water utilities, toll- roads, airports, rail and communication across developed and developing geographic regions. The portfolio invests in a carefully researched range of higher yielding global listed infrastructure stocks and is total return focused with a Yield target of 5% pa. The portfolio is constructed to maximize the yield but also to achieve some capital gain and a reasonable overall return over the economic cycle. The composite may use options, futures or other derivatives to reduce risk, enhance income or gain exposure to the market for the underlying physical investments. The composite name was updated to ClearBridge from RARE in July 2020. ClearBridge has chosen an absolute return, inflation linked benchmark as the most appropriate primary measure against which to evaluate the long term performance of the Composite. This is an accumulation index comprised of the OECD G7 inflation + 5.5% pa. As a secondary measure of comparison, the FTSE Global Core Infrastructure 50/50 Net Tax Index, which is designed to track companies from around the world chosen to represent the listed infrastructure industry, is used. To receive a complete list and description of ClearBridge composites and/or a presentation that adheres to the GIPS standards, please contact ClearBridge Institutional Marketing.
Performance source: Internal. Benchmark source: Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2026. FTSE Russell is a trading name of certain of the LSE Group companies. “FTSE®” and “Russell®” are a trademark of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
