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Trending ETFs

ClearBridge Global Infrastructure Income Fund

mutual fund
CBGAX
Payout Change
Pending
Price as of:
$13.08 +0.13 +1.0%
primary theme
N/A
CBGAX (Mutual Fund)

ClearBridge Global Infrastructure Income Fund

Payout Change
Pending
Price as of:
$13.08 +0.13 +1.0%
primary theme
N/A
CBGAX (Mutual Fund)

ClearBridge Global Infrastructure Income Fund

Payout Change
Pending
Price as of:
$13.08 +0.13 +1.0%
primary theme
N/A

Name

As of 12/05/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.08

$119 M

3.85%

$0.50

2.14%

Vitals

YTD Return

7.1%

1 yr return

9.6%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$119 M

Holdings in Top 10

40.1%

52 WEEK LOW AND HIGH

$13.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.14%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/05/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.08

$119 M

3.85%

$0.50

2.14%

CBGAX - Profile

Distributions

  • YTD Total Return 7.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    ClearBridge Global Infrastructure Income Fund
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    Oct 14, 2022
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of borrowings for investment purposes, if any, in securities issued by companies that are engaged in the infrastructure business and other investments with similar economic characteristics.
The subadviser considers companies to be engaged in the infrastructure business if at least 50% or more of their assets, income, sales or profits are committed to, derived from or related to, the construction, renovation, ownership, development, financing, management or operation of infrastructure assets or the provision of raw materials necessary for the construction and maintenance of infrastructure assets. Infrastructure assets include physical structures, networks, developments and projects that communities and economies require to function and grow, including transportation-related infrastructure (airports, roads, railroads, and ports), energy-related infrastructure (gas pipelines, alternative energy and electrical plants), water and sewage infrastructure, communications infrastructure (fiber, copper, wireless and cable networks, broadcast towers and satellites), and social services-related infrastructure (hospitals, healthcare facilities, educational facilities, prisons, sports and entertainment facilities and stadiums) and other resources and services necessary for the construction and maintenance of infrastructure assets. The fund concentrates its investments in companies that are engaged in the infrastructure business.
The fund invests primarily in income paying equity and equity-related securities of exchange-traded infrastructure companies, which may include common stocks, preferred stocks, convertible stocks and other securities convertible into equity securities, publicly-traded units of master limited partnerships (MLPs), and securities of other investment companies, exchange traded funds (ETFs) and real estate investment trusts (REITs).
The fund may invest in companies of any size and market capitalization, including small and mid-capitalization companies. These issuers may be newer or less seasoned companies, including companies making initial public offerings (IPOs). The fund’s portfolio is expected to be highly concentrated, with approximately 30 to 60 holdings.
The fund may seek investment opportunities in any foreign country and may invest a significant portion of its assets in foreign securities. Under normal market conditions, the fund will invest in assets that are tied economically to a minimum of three countries (which may include the United States) and will invest a substantial portion (at least 40%, unless market conditions are deemed to be unfavorable, in which case at least 30%) of its assets in investments tied economically to countries outside of the United States. The fund may invest up to 20% of its assets in securities of companies located in countries with developing or emerging markets. The fund considers an investment to be tied economically to a country if the issuer: (i) has a class of its securities whose principal securities market is in the country; (ii) is organized under the laws of, or has a principal office in, the country, (iii) derives 50% or more of its total revenue or profit from goods produced, sales made or services provided in the country, or (iv) maintains 50% or more of its assets in the country.
The fund may engage in forward foreign currency contracts and may use derivatives such as options and futures contracts to hedge investments or to gain exposure to the market for the underlying investments. Derivative instruments are taken into account when determining compliance with the fund’s 80% policy. It is not anticipated that the fund will hedge currency exposure to non-US dollar denominated investments, but the subadviser reserves the right to do so.
The subadviser uses various quantitative and qualitative measures to analyze global equity securities. The subadviser applies a proprietary screening methodology to develop an investment universe of securities of companies that are engaged in the infrastructure business and provide sustainable income distributions. This process focuses on identifying companies with long term cash flows from regulatory and/or contractual frameworks and where cash flows are believed to be relatively sustainable. The subadviser also focuses on companies that it believes are attractively valued relative to other companies in the same industry or market. Additionally, the quality and potential growth of income distributions are assessed before a company can enter the portfolio. The subadviser may sell a portfolio holding if the anticipated return falls below predetermined required return bands that prompt a review of the portfolio position.
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CBGAX - Performance

Return Ranking - Trailing

Period CBGAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% N/A N/A N/A
1 Yr 9.6% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period CBGAX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.4% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period CBGAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% N/A N/A N/A
1 Yr 9.6% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period CBGAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.4% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History


CBGAX - Holdings

Concentration Analysis

CBGAX Category Low Category High CBGAX % Rank
Net Assets 119 M N/A N/A N/A
Number of Holdings 38 N/A N/A N/A
Net Assets in Top 10 48.8 M N/A N/A N/A
Weighting of Top 10 40.05% N/A N/A N/A

Top 10 Holdings

  1. Entergy Corp 5.19%
  2. Redeia Corp SA 4.50%
  3. Crown Castle Inc 4.11%
  4. NextEra Energy Inc 4.06%
  5. E.ON SE 4.05%
  6. TC Energy Corp 3.70%
  7. Pembina Pipeline Corp 3.66%
  8. Severn Trent PLC 3.63%
  9. EDP SA 3.61%
  10. American Tower Corp 3.54%

Asset Allocation

Weighting Return Low Return High CBGAX % Rank
Stocks
96.43% N/A N/A N/A
Preferred Stocks
2.35% N/A N/A N/A
Cash
1.44% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A
Bonds
0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High CBGAX % Rank
Utilities
0.00% N/A N/A N/A
Technology
0.00% N/A N/A N/A
Real Estate
0.00% N/A N/A N/A
Industrials
0.00% N/A N/A N/A
Healthcare
0.00% N/A N/A N/A
Financial Services
0.00% N/A N/A N/A
Energy
0.00% N/A N/A N/A
Communication Services
0.00% N/A N/A N/A
Consumer Defense
0.00% N/A N/A N/A
Consumer Cyclical
0.00% N/A N/A N/A
Basic Materials
0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High CBGAX % Rank
Non US
56.38% N/A N/A N/A
US
40.04% N/A N/A N/A

CBGAX - Expenses

Operational Fees

CBGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.14% N/A N/A N/A
Management Fee 0.80% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

CBGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

CBGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CBGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

CBGAX - Distributions

Dividend Yield Analysis

CBGAX Category Low Category High CBGAX % Rank
Dividend Yield 3.85% N/A N/A N/A

Dividend Distribution Analysis

CBGAX Category Low Category High Category Mod
Dividend Distribution Frequency None

Net Income Ratio Analysis

CBGAX Category Low Category High CBGAX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

CBGAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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CBGAX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A