For investors seeking reliable income, global diversification and inflation protection, specialist listed infrastructure portfolios aims to provide all three.

ClearBridge RARE Emerging Markets Fund

The ClearBridge RARE Emerging Markets Fund is available to retail and wholesale investors in Australia and New Zealand. The fund follows our Emerging Market Strategy with the aim of providing investors with regular income and capital growth from infrastructure securities in emerging markets.

We're honoured to have won the Infrastructure category for 2020 at the Zenith Fund Awards.

Zenith

Key Portfolio Information

As at 30 September 2021 (returns in AUD after fees)

Performance 1 Month 3 Months 1 Year 3 Years 5 Years Inception4
ClearBridge RARE Emerging Markets Fund123 -1.1% 2.6% 23.6% 2.4% 1.7% 8.9%
S&P Emerging Markets Infrastructure Index - Net Return AUD Unhedged 3.3% 6.3% 25.7% -0.7% 0.6% 3.3%
Excess Returns -4.4% -3.7% -2.1% 3.1% 1.1% 5.6%
MSCI Emerging Markets Index - Net Return AUD -2.8% -4.5% 17.3% 8.6% 10.5% 6.8%
  • Regulated & Contracted Utilities
  • User Pays Infrastructure
  • Cash
  • Other
Top 10 Positions Region Sector Weight % Forward Dividend %
Power Grid Asia Pacific Developing Electric 6.2% 2.2%
ICTS Asia Pacific Developing Ports 6.0% 0.0%
Container Corporation Asia Pacific Developing Rail 5.5% 1.5%
Jasa Marga Asia Pacific Developing Toll Roads 4.5% 2.0%
Malaysia Airports Asia Pacific Developing Airports 4.3% 2.7%
Indraprastha Gas Asia Pacific Developing Energy Infrastructure 4.1% 0.7%
CFE Capital Latin America Electric 3.6% 6.6%
Xinyi Energy Holdings Limited Asia Pacific Developing Renewables 3.5% 3.9%
China Gas Holdings Asia Pacific Developing Gas 3.4% 2.8%
China Longyuan Power Group Corp Asia Pacific Developing Renewables 3.2% 1.0%
Fund details September 2021
Number of Securities 35
APIR Code TGP0015AU
Distribution Frequency Semi-Annually
Lastest Distribution (CPU) 0.75
Portfolio Weighted Average September 2021
Avg Market Capitalisation 11.1bn (AUD)
Div Yield (Forward) Gross 3.3%
5 Yr DPS Growth (p.a.) 10.5%
Avg Stock Gearing (Net Debt/EV) 23.2%
Interest Cover (Historic) 6.1x
EV/EBITDA (Forward) 11.3x

Fees & transaction costs
Base Management Fee 1.23% p.a. incl. the net effect of GST. Buy / Sell Spread 0.14% / 0.17%. Minimum Investment (AUD) 20,000.

Unit prices & distributions

Date CCY Nav Entry Exit
19/10/202119/10/21 AUD 1.6838 1.6861 1.6809
18/10/202118/10/21 AUD 1.7068 1.7092 1.7039
15/10/202115/10/21 AUD 1.7048 1.7072 1.7019
Date CCY CPU
30/06/2021 AUD 0.75
31/12/2020 AUD 1.50
30/06/2020 AUD 0.00
31/12/2019 AUD 2.00
30/06/2019 AUD 4.52
31/12/2018 AUD 2.50
30/06/2018 AUD 8.98
31/12/2017 AUD 2.50
30/06/2017 AUD 22.01
31/12/2016 AUD 8.00

Fund commentary

Portfolio Insights
Emerging Markets Strategy September Commentary

Emerging Markets Strategy September Commentary

COVID-19 vaccine rollouts gained pace in many regions, helping ease mobility restrictions despite the new Delta variant causing an increase in confirmed cases.

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Infrastructure Insights Video
Valuation of Infrastructure Assets Q2 2021

Valuation of Infrastructure Assets Q2 2021

Listen to Portfolio Manager Nick Langley discuss how variant COVID-19 strains are leading to differentiation within the infrastructure asset class. 

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Responsible Investing
ClearBridge 2021 Impact Report

ClearBridge 2021 Impact Report

Our 2021 Impact Report: Partnering for Change in a Time of Adversity, offers a thorough look at the sustainability issues ClearBridge has been addressing over the past year with portfolio companies, shareholders and industry organizations through ESG integration, engagement and proxy voting. 

More...

Investment Committee

The ClearBridge RARE Emerging Markets Fund is managed by an experienced investment committee comprising of the following members.

Nick Langley
Nick Langley
Shane Hurst
Shane Hurst
Charles Hamieh
Charles Hamieh
David Pow
David Pow

Important information for Investors

Franklin Templeton Australia Limited (AFSL No. 240827) (“Franklin Templeton”), as Responsible Entity, is the issuer of the ClearBridge RARE Infrastructure Emerging Markets Fund (ARSN132182462). The information contained on this website is directed to wholesale investors and financial advisers only.

To view the Background Information for this fund, click here.

Research Ratings

SQM Research Report 2021 SUPERIOR**

SQM Research Report 2021 SUPERIOR**

Zenith Research Report 2021 RECOMMENDED***

Zenith Research Report 2021 RECOMMENDED***

Contact us to find out how we can help investors allocate global listed infrastructure into their broader portfolio or to learn more about our other investment capabilities.

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Disclaimer

  1. Sources: Internal calculations for ClearBridge RARE Emerging Markets Fund. All index data sourced from FactSet. Results over one year annualised.
  2. Fund Performance is net of fees, assuming all distributions are reinvested and before tax.
  3. All values in AUD and net of withholding taxes for benchmarks if applicable. Non AUD values converted into AUD using FactSet Forex data.
  4. Performance inception date for ClearBridge RARE Emerging Markets Fund is 30/9/2008.

Past performance is not indicative of future performance. 

While the information contained on this website has been prepared with all reasonable care, ClearBridge Investments Limited and its related companies (ClearBridge) accept no responsibility or liability for any errors, omissions or misstatements however caused. Any views expressed on this website are given as of the date of publication and such views are subject to change at any time.

This information is not personal advice. It has been prepared without taking account of individual objectives, financial situation or needs. Where an investment product is mentioned, potential investors should seek independent advice as to the suitability of the product to their investment needs. Reference to shares in a particular company, is not a recommendation to buy, sell or hold that stock. Investors should be aware that past performance is not indicative of future performance.

This website may contain forecasts, including in regard to targets, expected returns, PE ratios and dividend yields. Any such statements are based upon research undertaken by the ClearBridge investment team. This research incorporates ClearBridge’s reasonable assumptions and beliefs concerning future developments and their potential effect but are subject to risks and uncertainties that may be beyond ClearBridge’s control. Returns can be volatile, reflecting rises and falls in the value of underlying investments. Accordingly, ClearBridge does not provide any assurance or guarantee that future developments will be aligned with ClearBridge’s expectations, and actual results may differ materially from those expected by ClearBridge at the time of writing.

Franklin Templeton Australia Limited (AFSL No. 240827) (“Franklin Templeton”) is a part of Franklin Resources, Inc. and the Responsible Entity for the ClearBridge RARE Infrastructure Value Fund - Hedged, ClearBridge RARE Infrastructure Value Fund - Unhedged, ClearBridge RARE Infrastructure Income Fund - Hedged, ClearBridge RARE Infrastructure Income Fund - Unhedged and ClearBridge RARE Emerging Markets Fund (the “Funds”). Applications to invest can only be made on the application form accompanying the most recent Fund Product Disclosure Statement (“PDS”) which is available on this website. Potential investors should consider the PDS and the Additional Information Booklet (“AIB”) before deciding whether to invest or continue to invest in the Funds. The PDS and AIB can also be obtained by contacting ClearBridge by telephone on (02) 9397 7300, by writing to Level 13, 35 Clarence Street, Sydney, NSW 2000, by fax on (02) 9397 7399 or by email at auclientservice@clearbridge.com. Franklin Templeton can be contacted by writing to Franklin Templeton, Level 47, 120 Collins Street, Melbourne, VIC 3000, by telephone on 1800 679 541 or by fax on (03) 9017 8690.  Franklin Templeton does not guarantee any rate of return or the return of capital invested. Investments are subject to risks, including, but not limited to, possible delays in payments and loss of income or capital invested.

ClearBridge is wholly, indirectly owned by Franklin Resources, Inc., and part of ClearBridge Investments, LLC.

** SQM Rating Disclaimer
The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.

***Zenith Rating Disclaimer
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned March 2021) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only.  This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice.  It is not a specific recommendation to purchase, sell or hold the relevant product(s).  Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs.  Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website.  Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments.  Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners. com.au/RegulatoryGuidelines

The Zenith Fund Awards were issued October 2020 by Zenith Investment Partners (ABN 27 130 132 672, AFSL 226872) and are determined using proprietary methodologies. The Fund Awards are solely statements of opinion and do not represent recommendations to purchase, hold or sell any securities or make any other investment decisions. To the extent that the Fund Awards constitutes advice, it is General Advice for Wholesale clients only without taking into consideration the objectives, financial situation or needs of any specific person. Investors should seek their own independent financial advice before making any investment decision and should consider the appropriateness of any advice. Investors should obtain a copy of and consider any relevant PDS or offer document before making any investment decisions. Past performance is not an indication of future performance. Fund Awards are current for 12 months from the date awarded and are subject to change at any time. Fund Awards for previous years are referenced for historical purposes only.