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

Investor Outcomes

The Infrastructure Value Strategy aims to provide investors with long-term, inflation-protected stable growth, comprised of consistent income & capital growth. This is achieved by investing in a range of listed infrastructure securities spread across geographic regions in both the developed and emerging markets.

Key Portfolio Information

Growth of AUD $10,000

30 September 2021

As at 30 September 2021 (returns in AUD)

Performance 1 Month 3 Months 1 Year 3 Years 5 Years Inception4
ClearBridge Infrastructure Value Strategy123 -3.9% 0.4% 19.3% 9.9% 8.3% 8.7%
OECD G7 Inflation Index + 5.5% pa 1.1% 3.1% 9.4% 7.5% 7.5% 7.2%
Excess Returns -5.0% -2.7% 9.9% 2.4% 0.8% 1.5%
S&P Global Infrastructure Index - Net Return AUD Unhedged -0.2% 5.3% 21.2% 5.8% 6.2% 5.1%
MSCI AC World Index - Net Return AUD -3.0% 2.8% 26.4% 12.6% 14.5% 7.6%
  • Regulated & Contracted Utilities
  • User Pays Infrastructure
  • Cash
  • Other
Top 10 Positions Region Sector Weight % Forward Dividend %
Enbridge Inc USA & Canada Gas 5.1% 6.8%
Exelon Corp USA & Canada Electric 4.7% 3.3%
Union Pacific USA & Canada Rail 4.3% 2.3%
GetLink Western Europe Rail 4.1% 2.6%
SSE Western Europe Electric 4.0% 5.2%
Public Services Enterprise Group USA & Canada Electric 3.8% 3.3%
Cheniere USA & Canada Energy Infrastructure 3.5% 1.4%
Pembina Pipeline USA & Canada Energy Infrastructure 3.5% 6.5%
American Tower USA & Canada Communications 3.4% 2.3%
East Japan Railway Asia Pacific Developed Rail 3.3% 2.1%
Portfolio Weighted Average August 2021
Avg Market Capitalisation 66.2bn (AUD)
Div Yield (Forward) Gross 3.1%
5 Yr DPS Growth (p.a.) 7.5%
Avg Stock Gearing (Net Debt/EV) 33.8%
Interest Cover (Historic) 3.9x
EV/EBITDA (Forward) 16.1x

Fund commentary

Portfolio Insights
Value Strategy September Commentary

Value Strategy September Commentary

Our global listed infrastructure strategy outperformed the range of infrastructure indices as well as global equities for the quarter.

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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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Infrastructure Insights Video
Investing in Global Listed Infrastructure

Investing in Global Listed Infrastructure

Matt Bushby, Head of Infrastructure Business Development, discusses the characteristics of an infrastructure investment and the key features in our investment approach for the ClearBridge Infrastructure Value Strategy.

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Investment Committee

The Infrastructure Value Strategy is managed by an experienced investment committee comprising of the following members:

Nick Langley
Nick Langley
Shane Hurst
Shane Hurst
Charles Hamieh
Charles Hamieh
Simon Ong
Simon Ong

Institutional Investors

For institutional investors looking for opportunities to invest in global listed infrastructure; please contact us directly.

Contact Us

Investors outside of Australia and New Zealand

Investors in other parts of the world, will be re-directed to Franklin Templeton who may offer this Strategy through various fund structures dependant on your location.

Explore Franklin Templeton Funds

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.

Contact us

Need more information?

Disclaimer

  1. Sources: Internal calculations for the Infrastructure Value Strategy. All index data sourced from Factset. Results over one year annualised.

  2. Fund Performance is Gross of fees.

  3. All values on a AUD basis and net of withholding taxes for benchmarks if applicable. Non AUD values converted into AUD using Factset Forex data.

  4. Performance inception date for the Infrastructure Value Strategy is 31/08/2006.

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.