Fund Evaluator:
ClearBridge Global Infrastructure Inc C (CBGAX)
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Fund Details
ClearBridge Global Infrastructure Inc C Overview
ClearBridge Global Infrastructure Inc C (CBGAX) is an actively managed Sector Equity Infrastructure fund. Franklin Templeton Investments launched the fund in 2022.
The investment seeks to provide income and capital appreciation. 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. It 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 MLPs, and securities of other investment companies, ETFs and REITs.
About ClearBridge Global Infrastructure Inc C (CBGAX)
There are 4 members of the management team with an average tenure of 9.42 years: Nick Langley (2016), Charles Hamieh (2016), Shane Hurst (2016), Daniel Chu (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and FTSE Global Core Infra 50/50 TR USD index with a weighting of 100%. ClearBridge Global Infrastructure Inc C has 38 securities in its portfolio. The top 10 holdings constitute 45.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
ClearBridge Global Infrastructure Inc C is part of the Equity global asset class and is within the Sector Equity fund group. ClearBridge Global Infrastructure Inc C has 66.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 31.4%. There is 66.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ClearBridge Global Infrastructure Inc C has 2.2% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $319 million average for the Infrastructure category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CBGAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ClearBridge Global Infrastructure Inc C expense ratio is high compared to funds in the Infrastructure category. ClearBridge Global Infrastructure Inc C has an expense ratio of 2.06%, which is 73% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ClearBridge Global Infrastructure Inc C has a portfolio turnover rate of 68%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 56% for the Infrastructure category.
Recently, in the month of July 2026, ClearBridge Global Infrastructure Inc C returned -0.2%, which earned it a grade of D, as the Infrastructure category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
ClearBridge Global Infrastructure Inc C has a trailing yield of 2.30%, which is above the 1.93% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ClearBridge Global Infrastructure Inc C Grades
Year to date, the fund has returned 11.7%, 1.4 percentage points better than the category, which translates into a grade of B. The fund has returned 18.5% over the past year (grade of A), 12.1% over the past three years (grade of D) and 7.6% per year over the past five years (grade of C) and 7.6% per year over the past 10 years (grade of C).
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CBGAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CBGAX Return (NAV) | -0.2% | -2.9% | 18.5% | 12.1% | 7.6% | 7.6% |
| CBGAX Grade | D | D | A | D | C | C |
| +/- Category | 0.1% | -0.2% | 3.3% | -0.6% | -0.3% | -0.0% |
| Infrastructure Avg | -0.3% | -2.8% | 15.2% | 12.7% | 7.9% | 7.6% |
| CBGAX Tax Cost Ratio | na | na | 1.0% | 1.1% | na | na |
CBGAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CBGAX Return (NAV) | 11.7% | 24.5% | 1.0% | 2.4% | -7.0% | 10.9% | 11.1% | 24.7% | -8.9% | 16.8% | na |
| CBGAX Grade | B | A | F | D | C | F | A | D | D | D | na |
| +/- Category | 1.4% | 6.3% | -8.0% | -1.8% | -0.3% | -3.6% | 11.6% | -2.4% | -1.4% | -0.2% | na |
| Infrastructure Avg | 10.3% | 18.3% | 9.0% | 4.2% | -6.6% | 14.5% | -0.6% | 27.1% | -7.5% | 17.1% | 8.8% |
| Risk Measures | |
| Standard Deviation: | 13.8% |
| Total Risk Index: | 1.12 - Above Average |
| Category Risk Index: | 1.03 - High |
| Category Risk Grade: | F (82% Rank) |
| Beta: | 0.54 |
| R-Squared: | 24% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 2.3% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $172 Mil |
| Fund Total Assets: | $ 3 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 68% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 10.4 years | |||
| Average Tenure: 9.4 years | |||
| Managers (Year): Langley Nick (2016), Hamieh Charles (2016), Hurst Shane (2016), Chu Daniel (2019) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 38 |
| % in Top 10 Holdings: | 45.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 66.4% |
Portfolio Allocation |
|
| Domestic Stock: | 31.4% |
| Foreign Stock: | 66.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.2% |
Purchase Information
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 877-656-3863 |
| Website: | www.leggmason.com |
| Status: | Open |
| Inception Date: | October 14, 2022 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 2.06% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.19% |
| Share Class: | ClearBridge Global Infrastructure Inc I |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
