Morningstar

ClearBridge Global Infrastructure Income Fund Class A RGAVX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $16.03  /  −0.06 %
  • Fund Size $166.6M
  • Adjusted Expense Ratio 1.310%
  • Net Expense Ratio 1.210%
  • Fee Level: Distribution Above Average
  • Share Class Type Front Load
  • Morningstar Category Infrastructure
  • Equity Style Box (Funds) Mid Value
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.03%
  • Turnover Ratio 68%
NAV and 1-Day Return as of

Morningstar’s Analysis RGAVX

Will RGAVX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RGAVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RGAVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of RGAVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Punchy, distinctive research but its application has limits.

Senior Analyst Ibrahim Guled-Warfield

Ibrahim Guled-Warfield

Senior Analyst

Summary

The strength of its senior investors, the stability of the group, and the depth of its research capabilities support a favorable view of ClearBridge Global Infrastructure Income’s team. Yet, its income objective can constrain capital allocation, limiting its ability to generate superior total returns relative to peers.

by Ibrahim Guled-Warfield
Rated on Published on

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Portfolio Holdings RGAVX

More RGAVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 44.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

APA Group

5.13 8M
Utilities

Aena SME SA

5.09 8M
Industrials

TC Energy Corp

4.84 8M
Energy

Canadian National Railway Co

4.73 8M
Industrials

Entergy Corp

4.72 8M
Utilities

Williams Companies Inc

4.43 7M
Energy

Engie SA

4.30 7M
Utilities

Pembina Pipeline Corp

4.05 6M
Energy

Naturgy Energy Group SA

3.77 6M
Utilities

Enel SpA

3.69 6M
Utilities

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