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

ClearBridge Developed Markets Infrastructure Income Model

The ClearBridge Developed Markets Infrastructure Income Model investment process is designed to provide investors with attractive and stable returns through investing in an actively managed portfolio of developed markets listed infrastructure companies. The Model holds a diverse range of developed markets infrastructure securities across a number of infrastructure subsectors such as gas, electricity and water utilities, toll-roads, airports, rail and communication infrastructure and across geographic regions in developed markets.

Key Portfolio Information

As at 30 April 2022 (returns in AUD Hedged after fees)

Performance 1 Month 3 Months 1 Year 3 Years 5 Years Inception4
ClearBridge Developed Markets Infrastructure Income Model123 2.3% 4.1% 24.3% - - 25.1%
OECD G7 Inflation Index +5.5% 1.1% 2.7% 11.6% - - 11.6%
Excess Returns 1.2% 1.4% 12.7% - - 13.5%
MSCI AC World Index - Net Return AUD -2.8% -9.2% 2.8% - - 5.3%
FTSE Developed Core Infrastructure 50/50 Index - Net Return 1.9% 2.7% 16.0% - - 17.6%

As at 30 April 2022

  • Regulated & Contracted Utilities
  • User Pays Infrastructure
  • Cash
  • Other

As at 30 April 2022

Top 10 Positions Region Sector Weight % Forward Dividend %
National Grid Western Europe Electric 5.4% 4.3%
Public Services Enterprise Group USA & Canada Electric 5.0% 3.1%
SSE Western Europe Electric 4.9% 4.4%
Iberdrola Western Europe Electric 4.8% 4.3%
Pembina Pipeline USA & Canada Energy Infrastructure 4.8% 5.3%
Atlas Arteria Asia Pacific Developed Toll Roads 4.6% 6.3%
Snam Western Europe Gas 4.3% 5.3%
APA Group Asia Pacific Developed Gas 3.7% 4.7%
Clearway Energy USA & Canada Renewables 3.7% 4.7%
Transurban Asia Pacific Developed Toll Roads 3.6% 4.0%
Fund details April 2022
Number of Securities 30
Portfolio Weighted Average April 2022
Avg Market Capitalisation 41.4bn (AUD)
Div Yield (Forward) Gross 4.3%
5 Yr DPS Growth (p.a.) 5.3%
Avg Stock Gearing (Net Debt/EV) 37.8%
Interest Cover (Historic) 3.8x
EV/EBITDA (Forward) 13.6x

Fees & transaction costs for the ClearBridge Developed Markets Infrastructure Income Model
Investment fee 0.77% p.a. incl. the net effect of GST. Suggested minimum Investment (AUD) $50,000.

Product commentary

Infrastructure Insights Portfolio Insights
Developed Markets Income Strategy March Commentary

Developed Markets Income Strategy March Commentary

Our global listed infrastructure strategies outperformed global equities for the month.

More...

Investment Committee

The ClearBridge Developed Markets Infrastructure Income Model is managed by an experienced investment committee comprising of the following members.

Nick Langley
Nick Langley
Shane Hurst
Shane Hurst
Charles Hamieh
Charles Hamieh
Daniel Chu
Daniel Chu

Important information for investors

ClearBridge Investments Limited (ABN 84 119 339 052, AFSL No. 307727) is the Model Manager for the ClearBridge Developed Markets Infrastructure Income Model Portfolio (the “Model Portfolio”). Investors will not be able to invest in the Model Portfolio directly but may only obtain access via a platform, IDPS, IDPS-like or other managed account provider. Investors should seek further independent professional advice.

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. Source: Internal calculations for the ClearBridge Developed Markets Infrastructure Income Model. All data sourced from Factset. Results over one year annualised.
  2. Portfolio performance is gross of fees.
  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 Developed Markets Infrastructure Income Model is 31/03/2021.

ClearBridge Investments Limited (ABN 84 119 339 052, AFSL No. 307727) (“ClearBridge”) is the Model Manager for the ClearBridge Developed Markets Infrastructure Income Model Portfolio (the “Model Portfolio”). Investors will not be able to invest in the Model Portfolio directly but may only obtain access via a platform, IDPS, IDPS-like or other managed account provider (“Operator”). Any performance reported on this website page is the performance of the Model Portfolio and not the performance of any investment option within a scheme. The Operator has full discretion in regard to security selection and composition across the portfolio and is responsible at all times for the implementation and ongoing management of any actual investment option based on the Model Portfolio. Each Operator will charge its own fees and costs which will affect the performance of the actual portfolio. This means that the Model Portfolio set out on the website may vary from the actual portfolio held by an Operator. ClearBridge does not have any responsibility to investigate, oversee, review or monitor an Operator’s implementation and ongoing management of the Model Portfolio.

While the information contained on this website has been prepared with all reasonable care, ClearBridge accepts 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. Potential investors should seek independent advice as to the suitability of any product to their investment needs. Past performance is not indicative of future performance. Reference to shares in a particular company is not a recommendation to buy, sell or hold that stock.

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.

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