ClearBridge Global Infrastructure Income Portfolios
Year to Date Returns (Net)
22.01%
Year to Date Returns (Pure Gross)
25.61%
Overview
- Investment Overview
- Investment Process
- Meet Your Manager
Investment Overview
The ClearBridge Global Infrastructure Income Portfolios invest in global listed infrastructure companies with a combined focus on reliable income and capital growth.
Investment Objective
The Portfolios seek to deliver risk-adjusted returns to equity with a balance between income and capital returns by investing in US listed securities and ADRs.
Investment Philosophy
The team believes that by using a longer-term fundamental valuation approach when investing in listed markets through the cycle, significant opportunities arise as listed markets misprice infrastructure assets in the short term.
Portfolio Positioning
Infrastructure may offer investors the potential for:
- Attractive income: Investing in listed infrastructure with recurring cash flows has the potential to provide income over time.
- Lower volatility: Due to the essential nature of infrastructure assets, demand is relatively stable resulting in lower volatility than traditional equities throughout the business cycle.
- Inflation hedge: Infrastructure assets have an explicit link to inflation through regulation, concession agreements or contracts, which may help investors manage against inflation.
- Diversification: With lower correlation to traditional asset classes such as stocks and bonds, infrastructure can act as an effective diversifier in a portfolio.
- Capital growth: Infrastructure is in a multi-decade secular growth cycle with developed countries upgrading existing infrastructure and emerging countries creating new infrastructure to keep up with the demands of a growing population and urbanization.
Key differentiators
- Income-focused portfolio construction: The team emphasizes quality assets with strong regulation or contracts, which is critical in identifying companies that can generate stable cash flows.
- Specialist managers: Captures insights from a team of four portfolio managers focused only on infrastructure.
- Multi-layered approach: Top-down macroeconomic outlook combined with bottom-up fundamental research undertaken within a rigorous analytical framework.
The investment process may change over time. The characteristics set forth above are intended as a general illustration of some of the criteria the strategy team considers in selecting securities for client portfolios. There is no guarantee investment objectives will be achieved.
Investment Process
STEP 1 - Idea generation
Step 1 - Idea Generation
- Define opportunity set and proprietary income universe
- Utilize methodology based on visibility and predictability of cash flows
- Emphasize a minimum level and quality of dividend yield
Step 2 - Fundamental Analysis
- Conduct detailed fundamental analysis
- Focus on regulatory, business/financial and scenario analysis
Step 3 - Portfolio Construction
- Build a diversified portfolio with approximately 30-60 listed infrastructure stocks
- Position sizing driven by stock ranking and excess return potential
Step 4 - Risk Management
- Assess risk regularly
- Built into every stage of the process
- Oversight by ClearBridge risk management team
The investment process may change over time. The characteristics set forth above are intended as a general illustration of some of the criteria the strategy team considers in selecting securities for client portfolios. There is no guarantee investment objectives will be achieved.
Meet Your Manager
ClearBridge Investments
ClearBridge Investments is a well-established global investment manager focusing on proprietary research and fundamental investing. With over 60 years of experience building portfolios for clients seeking income solutions, high active share or low-volatility, long-tenured portfolio managers provide strong leadership in a centralized investment structure.
Portfolio Managers
Performance
- Average Annual Total Returns
- Calendar Year Returns
- Cumulative Total Returns
- Risk/Return Profile
- Risk Measures
Average Annual Total Returns
Average Annual Total Returns
2025
Chart
Quarter End As of 12/31/2025 | 1 Year | 3 Years | 5 Years | 7 Years | Since Inception 08/31/2018 | |
|---|---|---|---|---|---|---|
| ClearBridge Global Infrastructure Income Portfolios - Net (%) | 22.01 | 8.15 | 5.00 | 8.13 | 6.55 | |
| ClearBridge Global Infrastructure Income Portfolios - Pure Gross (%) | 25.61 | 11.37 | 8.14 | 11.36 | 9.73 | |
| FTSE Global Core Infrastructure 50/50 Index-NR (%) | 14.36 | 8.58 | 6.95 | 7.69 | 6.87 |
The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.
Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.
For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.
To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236. ClearBridge Investments, LLC, Martin Currie, Royce Investment Partners, and Western Asset Management Company, LLC claim compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
Calendar Year Returns
Calendar Year Returns
Chart
Quarter End As of 12/31/2025 | YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | Performance Inception Date | |
|---|---|---|---|---|---|---|---|---|---|---|
| ClearBridge Global Infrastructure Income Portfolios - Net (%) | 22.01 | 22.01 | 2.37 | 1.26 | -7.74 | 9.37 | 6.09 | 27.65 | 08/31/2018 | |
| ClearBridge Global Infrastructure Income Portfolios - Pure Gross (%) | 25.61 | 25.61 | 5.44 | 4.30 | -4.95 | 12.63 | 9.27 | 31.40 | 08/31/2018 | |
| FTSE Global Core Infrastructure 50/50 Index-NR (%) | 14.36 | 14.36 | 9.53 | 2.21 | -4.87 | 14.88 | -4.06 | 25.13 | — |
The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.
Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.
For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.
To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236. ClearBridge Investments, LLC, Martin Currie, Royce Investment Partners, and Western Asset Management Company, LLC claim compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
Cumulative Total Returns
Cumulative Total Returns
The hypothetical growth scenario of $100k does not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Had they been reflected hypothetical values would be lower.
2018
2025
Chart
Quarter End As of 12/31/2025 | YTD | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 08/31/2018 | |
|---|---|---|---|---|---|---|---|---|
| ClearBridge Global Infrastructure Income Portfolios - Net (%) | 22.01 | 22.01 | 26.48 | 27.64 | — | — | 59.23 | |
| ClearBridge Global Infrastructure Income Portfolios - Pure Gross (%) | 25.61 | 25.61 | 38.14 | 47.90 | — | — | 97.59 | |
| FTSE Global Core Infrastructure 50/50 Index-NR (%) | 14.36 | 14.36 | 28.02 | 39.90 | — | — | 62.82 |
Historical Cumulative Total Returns
2025
Date Selected As of 12/31/2025 | YTD | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 08/31/2018 | |
|---|---|---|---|---|---|---|---|---|
| ClearBridge Global Infrastructure Income Portfolios - Net (%) | 22.01 | 22.01 | 26.48 | 27.64 | — | — | 59.23 | |
| ClearBridge Global Infrastructure Income Portfolios - Pure Gross (%) | 25.61 | 25.61 | 38.14 | 47.90 | — | — | 97.59 | |
| FTSE Global Core Infrastructure 50/50 Index-NR (%) | 14.36 | 14.36 | 28.02 | 39.90 | — | — | 62.82 |
The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.
Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.
For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.
To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236. ClearBridge Investments, LLC, Martin Currie, Royce Investment Partners, and Western Asset Management Company, LLC claim compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
Risk/Return Profile
Risk/Return Profile (%)
Based on a 7 year period ending Dec-31-2025
Chart
| Pure Gross |
| Net |
| FTSE Global Core Infrastructure 50/50 Index-NR |
The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.
Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.
For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.
To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236. ClearBridge Investments, LLC, Martin Currie, Royce Investment Partners, and Western Asset Management Company, LLC claim compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
Risk Measures
Risk Measures
| Statistics | 1 Year | 3 Years | 5 Years | Since Inception |
|---|---|---|---|---|
| Alpha (Net of Fees) | 5.20 | -0.44 | -1.77 | -0.23 |
| Beta (Net) | 1.17 | 1.05 | 1.02 | 1.01 |
| R-Squared (Net) | 0.63 | 0.88 | 0.90 | 0.91 |
| Historical Tracking Error (Net) | 4.26 | 4.57 | 4.69 | 4.71 |
| Historical Tracking Error (Pure Gross) | 4.26 | 4.57 | 4.69 | 4.71 |
| Information Ratio (Pure Gross) | 2.64 | 0.61 | 0.26 | 0.61 |
| Information Ratio (Net) | 1.80 | -0.10 | -0.41 | -0.07 |
| Standard Deviation (%) | 1 Year | 3 Years | 5 Years | Since Inception |
|---|---|---|---|---|
| Standard Deviation (Net) | 6.90 | 13.10 | 14.76 | 15.44 |
| Sharpe Ratio (%) | 1 Year | 3 Years | 5 Years | Since Inception |
|---|---|---|---|---|
| Sharpe Ratio (Net) | 2.32 | 0.29 | 0.18 | 0.31 |
| Sharpe Ratio (Pure Gross) | 2.74 | 0.51 | 0.38 | 0.51 |
The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.
Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.
For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.
To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236. ClearBridge Investments, LLC, Martin Currie, Royce Investment Partners, and Western Asset Management Company, LLC claim compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
Portfolio
Positions
| Portfolio | Benchmark | |
|---|---|---|
| Number of Issuers | 29 | 272 |
Portfolio Statistics
| Portfolio | Benchmark | |
|---|---|---|
| Median Market Cap (USD) | $46.29 Billion | $39.64 Billion |
| Estimated 3-5 Year EPS Growth | 4.41% | 7.43% |
| Price to Book | 2.96x | 2.56x |
| Price to Earnings (12-Month Forward) | 19.19x | 18.38x |
| Weighted Average Market Capitalization (USD) | $52.80 Billion | $50.51 Billion |
| Dividend Yield | 3.31% | 3.32% |
Portfolio characteristics are based on a model portfolio, not an actual client account. The model portfolio is a hypothetical portfolio whereby the portfolio characteristics are based on simulated trading and account activity of a client account invested in this strategy. The model portfolio assumes no withdrawals, contributions or client-imposed restrictions. Portfolio characteristics of individual client accounts may differ from those of the model portfolio as a result of account size, client-imposed restrictions, the timing of client investments, market conditions, contributions, withdrawals and other factors.
Portfolio characteristics, sector and market capitalization allocations are based on a representative account within the composite. Individual client portfolios in the program may differ, sometimes significantly, from those shown above. Assumes no client-imposed restrictions. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the sectors listed and should not be used as a sole basis to make any investment decisions.
Portfolio Allocations
- Sector
- Market Capitalization
Sector
Sector Allocation
Chart
| Portfolio | Benchmark | ||
|---|---|---|---|
| Electric | 44.33% | 43.21% | |
| Energy Infrastructure | 14.33% | 7.88% | |
| Rail | 11.62% | 13.17% | |
| Toll Roads | 8.35% | 4.92% | |
| Gas | 7.67% | 10.17% | |
| Renewables | 7.23% | — | |
| Water | 4.52% | 2.72% | |
| Cash & Cash Equivalents | 1.93% | — |
Portfolio characteristics are based on a model portfolio, not an actual client account. The model portfolio is a hypothetical portfolio whereby the portfolio characteristics are based on simulated trading and account activity of a client account invested in this strategy. The model portfolio assumes no withdrawals, contributions or client-imposed restrictions. Portfolio characteristics of individual client accounts may differ from those of the model portfolio as a result of account size, client-imposed restrictions, the timing of client investments, market conditions, contributions, withdrawals and other factors.
Portfolio characteristics, sector and market capitalization allocations are based on a representative account within the composite. Individual client portfolios in the program may differ, sometimes significantly, from those shown above. Assumes no client-imposed restrictions. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the sectors listed and should not be used as a sole basis to make any investment decisions.
Market Capitalization
Market Capitalization Allocation 2
Chart
| Portfolio | ||
|---|---|---|
| <10 Billion | 21.92% | |
| 10-50 Billion | 38.19% | |
| 50-250 Billion | 39.90% |
Portfolio characteristics are based on a model portfolio, not an actual client account. The model portfolio is a hypothetical portfolio whereby the portfolio characteristics are based on simulated trading and account activity of a client account invested in this strategy. The model portfolio assumes no withdrawals, contributions or client-imposed restrictions. Portfolio characteristics of individual client accounts may differ from those of the model portfolio as a result of account size, client-imposed restrictions, the timing of client investments, market conditions, contributions, withdrawals and other factors.
Portfolio characteristics, sector and market capitalization allocations are based on a representative account within the composite. Individual client portfolios in the program may differ, sometimes significantly, from those shown above. Assumes no client-imposed restrictions. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the sectors listed and should not be used as a sole basis to make any investment decisions.
Portfolio Holdings
Top Equity Issuers
Chart
| Portfolio | ||
|---|---|---|
| Tc Energy Corporation | 4.66% | |
| Severn Trent Plc Sponsored Adr | 4.52% | |
| Sse Plc Sponsored Adr | 4.52% | |
| Ferrovial Se | 4.41% | |
| E.On Se Sponsored Adr | 4.30% | |
| Clearway Energy, Inc. Class C | 4.18% | |
| Iberdrola Sa Sponsored Adr | 4.06% | |
| Csx Corporation | 3.96% | |
| Vinci Sa Unsponsored Adr | 3.95% | |
| Union Pacific Corporation | 3.86% |
Documents
Product Documents
Factsheet
Disclosure
Risks
What Are the Risks?
All investments involve risks, including possible loss of principal. Companies in the infrastructure industry may be subject to a variety of factors, including high interest costs, high degrees of leverage, effects of economic slowdowns, increased competition, and impact resulting from government and regulatory policies and practices. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Liquidity risk exists when securities or other investments become more difficult to sell, or are unable to be sold, at the price at which they have been valued.
Important Information
Effective June 1, 2025, the portfolio changed its benchmark to the FTSE Global Core Infrastructure 50/50 Index.
Separately Managed Accounts (SMAs) are investment services provided by Franklin Templeton Private Portfolio Group, LLC (FTPPG), a federally registered investment adviser. Client portfolios are managed based on investment instructions or advice provided by one or more of the following Franklin Templeton affiliated sub-advisers: ClearBridge Investments, LLC. Management is implemented by FTPPG, the designated sub-adviser or, in the case of certain programs, the program sponsor or its designee.
The FTSE Global Core Infrastructure 50/50 includes developed and emerging market infrastructure and infrastructure-related listed securities allocated to 50% utilities, 30% transportation, including capping of 7.5% for railroads/railways, and a 20% mix of other sectors, including pipelines, satellites and telecommunication towers.
Net Returns (NR) include income net of tax withholding when dividends are paid.
Source: FTSE.
Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares. Returns reflect reinvestment of dividends and capital gains. Performance figures for periods shorter than one year represent cumulative figures and are not annualized. All performance is reported in US dollars.
ClearBridge Investments, LLC, Franklin Templeton Investment Solutions, Martin Currie, Royce Investment Partners, Western Asset Management Company, LLC, and Franklin Templeton claim compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
Professional money management may not be suitable for all investors. Factual information relating to the securities discussed was obtained from sources believed to be reliable, but there can be no guarantee as to its accuracy. It should not be assumed that investments made in the future will be profitable or will equal the performance of the securities discussed in the material.
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Franklin Templeton (FT) is not undertaking to provide impartial advice. Nothing herein is intended to provide fiduciary advice. FT has a financial interest.
Important data provider notices and terms available at www.franklintempletondatasources.com.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Footnotes
Dividend yield is calculated without the deduction of fees and expenses.
Capitalization Rate is calculated without the deduction of fees and expenses.