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Managed Fund Since 2019
Equity
RGSVX ClearBridge Global Infrastructure Income Fund
Popular Documents
Total Net Assets
$172.13M
As of 07/31/2026 (Updated Monthly)
Overview
Fund Facts
Fund description
Seeks to provide income and capital appreciation by investing primarily in income paying infrastructure companies. The manager looks for attractively valued companies, and for companies it believes can provide sustainable income distributions. Infrastructure companies may include those engaged in the construction, renovation, ownership, development, financing, management or operation of infrastructure assets or that provide 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, energy-related, water and sewage-related, communications- related, and social services-related assets. May seek investment opportunities in any country, with at least 40% of its investments tied economically to countries outside of the United States, under favorable conditions, and up to 20% in developing or emerging markets.
Identifiers
- Ticker
- RGSVX
- Fund Number
- 7982
- CUSIP Code
- 52471E464
Average Annual Total Returns As of 07/31/2026
Class IS
- 19.81%1 Year
- 13.40%3 Years
- 8.82%5 Years
- 8.78%10 Years
- 9.14%Since Inception
03/31/2016
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Top Sectors
As of 07/31/2026 % of Total (Updated Monthly)
Electric30.94% | |
Energy Infrastructure18.14% | |
Gas13.69% | |
Airports9.44% | |
Rail8.27% |
Additional Fund Info
- Share Class Inception Date
- 03/31/2016
- Investment Style
- Sector
- Lipper Classification
- Global Infrastructure Funds
- Morningstar Category
11 - Infrastructure
Manager and Commentary
About the Team
ClearBridge Investments is an active equity manager offering a broad range of strategies across global developed and emerging markets, local markets, and income. ClearBridge manages diversified, high-conviction portfolios through collaborative fundamental research to meet the needs of some of the world's largest asset owners and financial intermediary platforms. We invest as long-term, risk-aware business owners and seek to deliver consistency of process and performance for our clients through market cycles. A focus on durability drives everything we do; from the business models of the companies we own, to the holding periods of our portfolios, to the stability and longevity of our investment professionals.
Commentary Highlights
June 30, 2026- Markets: Listed infrastructure made positive gains in the second quarter, but trailed equities in a risk-on market that saw a deescalation of tensions in the Middle East and reinvigorated interest in semiconductor and AI infrastructure companies.
- Defensive sectors such as utilities underperformed in this environment, although all the sectors in the listed infrastructure universe we cover made positive gains. GDP-sensitive user-pays assets generally led as geopolitical tensions eased following the onset of the U.S.-Iran conflict in March. North American rails led the group as the freight cycle showed signs of recovery. Airports and toll roads also performed well as easing tensions laid the groundwork for an increase in global travel. Overall, utilities were positive across the United States, Canada and Europe, but some weakness crept in as investors began to question the elevated spending by hyperscalers on AI infrastructure, which includes the electricity needed to power data centers.
- Laggards in our universe included communications towers, which were relatively weak due to stagnant leasing growth and worries over higher-for-longer interest rates, and renewables, which saw some profit-taking and felt similar headwinds from AI spending concerns.
- Contributors: On a regional basis, the United States and Canada region was the top contributor for the quarter, with Canadian National Railway and Canadian energy infrastructure company South Bow the lead performers.
- Detractors: US renewables company Clearway Energy and UK water company Pennon were the largest detractors for the quarter.
- Outlook: There is little change to our outlook: we remain defensively positioned, with a tilt toward regulated and contracted utilities versus GDP-sensitive user-pays assets. We continue to expect strength amid the greater appreciation of real assets shown by the market in 2026, given their inflation protection in the current macroeconomic and fiscal backdrop.
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Managed Fund Since 2016
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Managed Fund Since 2016
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Managed Fund Since 2016
Latest ClearBridge Insights
August 10, 2026
August 3, 2026
July 21, 2026
July 14, 2026
Performance
Average Annual Total Returns
As of 07/31/2026
Selected Month July 2026
Class IS - With Sales Charge (POP) (%)
Month End
As of 07/31/2026
- 1 Year
- 19.81
- 3 Years
- 13.40
- 5 Years
- 8.82
- 10 Years
- 8.78
- Since Inception(03/31/2016)
- 9.14
Class IS - Without Sales Charge (NAV) (%)
Month End
As of 07/31/2026
- 1 Year
- 19.81
- 3 Years
- 13.40
- 5 Years
- 8.82
- 10 Years
- 8.78
- Since Inception(03/31/2016)
- 9.14
FTSE Global Core Infrastructure 50/50 Index-NR (%) 4
Month End
As of 07/31/2026
- 1 Year
- 16.05
- 3 Years
- 11.67
- 5 Years
- 7.49
- 10 Years
- 7.31
- Since Inception(03/31/2016)
- 7.75
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 3
©2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of07/31/2026 (Updated Monthly)
- Total Net Assets
- $172.13 Million
Positions
As of 07/31/2026 (Updated Monthly)
Number of Holdings
- Fund
- 33
- Benchmark
- 276
Portfolio Statistics
As of 07/31/2026 (Updated Monthly)
Price to Earnings (12-Month Forward)
- Fund
- 18.55x
- Benchmark
- 19.19x
- Fund
- 20.31x
- Benchmark
- 19.87x
- Fund
- 3.17x
- Benchmark
- 2.76x
- Fund
- $29.52 Billion
- Benchmark
- $46.05 Billion
- Fund
- $44.53 Billion
- Benchmark
- $58.15 Billion
Geographic Allocation
As of 07/31/2026 % of Total (Updated Monthly)
| Geography | Fund | Benchmark |
|---|---|---|
United States | 28.09% | 55.33% |
Canada | 19.02% | 11.21% |
France | 13.98% | 0.77% |
Italy | 8.01% | 1.03% |
Spain | 7.65% | 3.31% |
Germany | 4.79% | 0.29% |
Australia | 4.63% | 3.81% |
United Kingdom | 4.36% | 3.40% |
Brazil | 4.23% | 2.07% |
Mexico | 1.64% | 1.99% |
Japan | 1.57% | 3.24% |
Cash | 2.03% | — |
Holdings
As of 06/30/2026 (Updated Monthly)
Entergy Corp
GDF Suez
TC Energy Corp.
Pembina Pipeline Corp.
Aena SME SA
APA Group NpV
Williams Cos Inc
Canadian National Railway Co.
Vinci SA
ENEL SpA
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
- Distribution Frequency
- QuarterlyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Rates and Yields
Distribution Rate
At Net Asset Value (NAV) 4.47%
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
06/29/2026
03/30/2026
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Pricing
Documents
Fund Literature
Factsheet - ClearBridge Global Infrastructure Income Fund
Product Commentary - ClearBridge Global Infrastructure Income Fund
Regulatory Documents
Annual Report - ClearBridge Global Infrastructure Income Fund - Class IS
Annual Financial Statements and Other Information - ClearBridge Global Infrastructure Income Fund
Semi-Annual Report - ClearBridge Global Infrastructure Income Fund - Class IS
Semi-Annual Financial Statements and Other Information - ClearBridge Global Infrastructure Income Fund
Prospectus - ClearBridge Global Infrastructure Income Fund
Summary Prospectus - ClearBridge Global Infrastructure Income Fund
Statement of Additional Information - Legg Mason Partners Income Trust Book 20
Fiscal Q1 Holdings - ClearBridge Global Infrastructure Income Fund
Fiscal Q3 Holdings - ClearBridge Global Infrastructure Income Fund
Risks
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. 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. 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. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. Real estate investment trusts (REITs) are closely linked to the performance of the real estate markets. REITs are subject to illiquidity, credit and interest rate risks, and risks associated with small- and mid-cap investments. Investments in energy-related master limited partnerships and midstream entities are subject to risks of declines in energy and commodity prices, decreases in energy demand, adverse weather conditions, natural or other disasters, changes in government regulation, and changes in tax laws. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Dividends may fluctuate and are not guaranteed, and a company may reduce or eliminate its dividend at any time. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the fund's performance and result in greater fluctuation in the value of the fund's shares. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.
Important Information
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
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.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
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.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.