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“An investor needs their income to be reliable, consistently delivered, and protected against inflation to some extent. Infrastructure is unique as an asset class because it has the potential to do all that.”

Charles Hamieh, Portfolio Manager

This fund is led by an infrastructure investment team, Nick Langley, Shane Hurst, Charles Hamieh and Daniel Chu based in Australia.

INFRASTRUCTURE INVESTING

The Extra.Ordinary potential of infrastructure investing is here

Much of the infrastructure that exists today is remarkable. It makes our lives easier and more enjoyable, but we barely give it a second thought. Now, investing in the infrastructure we take for granted can be a compelling option for investors as it can deliver more reliable income and it may stabilize your portfolio in times of inflation. Infrastructure, a truly extraordinary investment opportunity from the ordinary things we rely on every day.

What Are Infrastructure Assets?

Infrastructure assets are physical assets that provide an essential service to society. These are the services we use and interact with every day. For instance, we use gas, water and electricity to carry out our daily activities and infrastructure such as airports, rail and roads help to move people and goods from location to location.

In particular, we want to focus on 2 categories of infrastructure assets that can generate income for investors:

Regulated Assets

  • Regulated with stable cashflows, high income and low GDP exposure
  • Examples: poles, wires, pipes.

User Pays Assets

  • Growth assets with lower income but leveraged to GDP, and affected by consumer demand
  • Examples: roads, rail, ports, airports etc.

Why Should You Look into Infrastructure Investments?

Lower Volatility 

Due to the essential nature of infrastructure assets, demand is relatively stable providing lower volatility and resiliency of revenue across business cycles.

Stable Cash Flow

Regulation and/or long-term contracts provide stable cash flow and greater capital stability.

Inflation Protection

Most infrastructure assets have an explicit link to inflation through regulation, concession agreements or contracts which provide inflation protection to investors.

Diversification

Infrastructure has a lower correlation to other asset classes. The underlying return streams are linked to regulatory or contractual frameworks, rather than typical drivers of equity or bond returns.

Why Now?

Infrastructure is widely regarded as a comparatively low-risk asset class, with a longer-term investment horizon than other alternative investments and can provide diversification, especially in times of market stress.

As an alternative to traditional fixed income, publicly listed infrastructure can be both a source of income and a useful diversifier for your portfolio, providing lower volatility than traditional equities and resiliency of infrastructure revenue during various business cycles.

  • Reliable income with companies’ cash flows underpinned by regulation or long-term contracts. Dividends from infrastructure assets act as an inflation hedge.
  • Infrastructure’s focus on cash flows and underlying earnings make it a prudent investment as economic conditions deteriorate and a recession looms.
  • Diversification with low correlation to most major asset classes.

Why Choose the ClearBridge Infrastructure Value Fund?

For  investors seeking inflation-protection, global diversification and reliable income, the Fund aims to provide all three.

The Fund

  • Looks to take advantage of the many opportunities in global infrastructure.
  • An actively managed  global equity fund seeks to generate  income and capital  appreciation
  • Invests primarily in listed equity in the infrastructure business.

The Focus

  • Invests at least 80% of its assets in shares of infrastructure companies from around the world, (developed and emerging market countries)
  • Invests in infrastructure sectors such as gas, electricity and water utilities, toll roads, airports, rail and communications. 

Commitment to ESG

Since inception, we have integrated ESG within the investment process and approached the ownership of equity in listed infrastructure companies from a long-term, sustainability-driven perspective.

Three-Pillar Sustainability Framework

Valuation

  • Fundamental cash flow impacts of sustainability actions are modelled
  • Company specific growth prospects and strategic decisions, regulatory priorities and engagement with stakeholders
  • Comparison of global regulatory approaches
  • Industry-wide themes are applied consistently across companies (overseen by Sustainability Committee)

Risk Pricing

  • Sustainability exposures and management/mitigation actions are assessed using internal and external resources
  • Relative scoring across sub-industries
  • Scoring reflects actions over five year investment horizon
  • Stronger sustainability performers are rewarded with lower hurdle rate and vice versa

Engagement

  • Ongoing engagement with boards and management on ESG issues
  • Controversy monitoring
  • Voting at company meetings
  • Interaction with regulators and policy makers
  • Engagement with third-party ESG experts

Key Materials

Fund Flyer

Download

2023 Outlook

Download

Meet the ClearBridge Infrastructure Value Strategy Investment Team

ClearBridge has one of the largest global investment teams dedicated solely to listed infrastructure. Our expertise is garnered from infrastructure and not public equities, including a deep knowledge of regulation that is crucial to understanding the investments relying on regulatory stability.

Nick Langley

Managing Director, Portfolio Manager, Industry since 1995

Shane Hurst

Managing Director, Portfolio Manager, Industry since 1997

Charles Hamieh

Managing Director, Portfolio Manager, Industry since 1997

Simon Ong

Director, Portfolio Manager, Industry since 2009

Insights

View More

DECEMBER 9, 2025

Infrastructure outlook: AI, decarbonization and policy tailwinds in 2026

ClearBridge Investments believes the outlook for infrastructure in 2026 remains robust, driven by the accelerating demand for power and data fueled by AI.

DECEMBER 8, 2025

Under the Radar: Why now is the time for emerging markets

ClearBridge Investments believes emerging market equities have turned a corner, showing strong performance after years of lagging returns.

DECEMBER 5, 2025

AOR Update: Is AI a clear and present danger?

ClearBridge Investments: The ClearBridge Recession Risk Dashboard remains firmly in green expansionary territory; despite AI labor fears, supportive fiscal and monetary policy should power the US economy and corporate earnings in 2026.

RISKS

The fund is subject to the following risks which are materially relevant. Investment in company shares: The fund invests in shares of companies, and the value of these shares can be negatively affected by changes in the company, its industry or the economy in which it operates. Investment in infrastructure: The fund invests in shares of infrastructure companies, and the value of these shares can be negatively affected by economic or regulatory occurrences affecting their industries. Investments in new infrastructure projects carry risks where they may not be completed within the budget, agreed timeframe or specifications. Operational and supply disruptions can also have a negative effect on the value of the company's shares. Emerging markets investment: The fund may invest in the markets of countries which are smaller, less developed and regulated, and more  volatile than the markets of more developed countries. Investment in China: The fund invests in China and is subject to the risk of significant change in political, social or economic policy in China, which may negatively affect the value of such investments. Concentrated Fund:The fund invests in fewer companies than other  funds which invest in shares usually do. This means that the fund does not spread its risk as widely as other funds and will therefore be affected more if an individual company has significant losses. Fund currency: Changes in exchange rates between the currencies of investments held by the fund and the fund's base currency may negatively affect the value of an investment and any income received from it. Hedging: The fund may use derivatives to reduce the risk of movements in exchange rates between the currency of the investments held by the fund and base currency of the fund itself (hedging).However, hedging transactions can also expose the fund to additional risks, such as the risk that the counterparty to the transaction may not be able to make its payments, which may result in loss to the fund. Derivatives: The use of derivatives can result in greater fluctuations of  the fund's value and may cause the fund to lose as much as or more than the amount invested. Sustainability: The fund's integration of sustainability risks in the investment decision process may have the effect of excluding profitable investments from the investment universe of the fund and may also cause the fund to sell investments that will continue to perform well. A sustainability risk could materialise due to an environmental, social or governance event or condition which may impact the fund's investments and negatively affect the returns of the fund. Fund operations: The fund is subject to the risk of loss resulting from inadequate or failed internal processes, people or systems or those of third parties such as those responsible for the custody of its assets, especially to the extent that it invests in developing countries.

Complete information on the risks of investing in the Fund are set out in the Fund’s prospectus.

IMPORTANT INFORMATION

This document is intended to be of general interest only and does not constitute legal or tax advice nor is it an offer for shares or invitation to apply for shares of  the Luxembourg-domiciled SICAV Franklin Templeton Investment Funds (FTIF). Nothing in this document should be construed as investment advice. Opinions  expressed are the author’s at publication date and they are subject to change without prior notice.

Subscriptions to shares of FTIF can only be made on the basis of the current prospectus and where available, the relevant Key Information Document,  accompanied by the latest available audited annual report and the latest semi-annual report if published thereafter.

The value of shares in FTIF and income received from it can go down as well as up, and investors may not get back the full amount invested. Past performance is  not an indicator or a guarantee of future performance. Currency fluctuations may affect the value of overseas investments. When investing in a fund denominated  in a foreign currency, your performance may also be affected by currency fluctuations.

An investment in FTIF entails risks which are described in FTIF’s prospectus and where available, in the relevant Key Information Document.

No shares of FTIF may be directly or indirectly offered or sold to residents of the United States of America. Shares of FTIF are not available for distribution in all  jurisdictions and prospective investors should confirm availability with their local Franklin Templeton representative before making any plans to invest.

Any research and analysis contained in this document has been procured by Franklin Templeton for its own purposes and is provided to you only incidentally. References to particular industries, sectors or companies are for general information and are not necessarily indicative of a fund’s holding at any one time.

Please consult your financial advisor before deciding to invest. A copy of the latest prospectus and where available, the relevant Key Information  Document, the annual report and semi-annual report, if published thereafter can be found, on our website www.franklintempletonoffshore.com or can be obtained, free of  charge, from Franklin Templeton International Services, S.à r.l. - Supervised by the Commission de Surveillance du Secteur Financier - 8A, rue Albert Borschette,  L-1246 Luxembourg - Tel: +352-46 66 67-1 - Fax: +352-46 66 76. The Fund's documents are available in English, Arabic, Czech, Danish, Dutch, Estonian,  Finnish, French, German, Greek, Hungarian, Icelandic, Italian, Latvian, Lithuanian, Norwegian, Polish, Portuguese, Romanian, Slovak, Slovenian, Spanish and  Swedish. In addition, a Summary of Investor Rights is available from www.franklintempleton.lu/summary-of-investor-rights. The summary is available in English.  The sub-funds of FTIF are notified for marketing in multiple EU Member States under the UCITS Directive. FTIF can terminate such notifications for any share  class and/or sub-fund at any time by using the process contained in Article 93a of the UCITS Directive.

For the avoidance of doubt, if you make a decision to  invest, you will be buying units/shares in the Fund and will not be investing directly in the underlying assets of the Fund.

In the U.S., this publication is made available to you for informational purposes only by Franklin Distributors, LLC, member FINRA/SIPC, 100 Fountain  Parkway,St. Petersburg, Florida 33716. Tel: (800) 239- 3894 (USA Toll-Free), (877) 389-0076 (Canada Toll-Free), and Fax: (727) 299-8736. Investments are not  FDIC insured; may lose value; and are not bank guaranteed.

Distribution outside the U.S. may be made by Franklin Templeton International Services, S.a.R.L. (FTIS), or other sub-distributors, intermediaries, dealers or  professional investors that have been engaged by FTIS to distribute shares of the Fund in certain jurisdictions.

This is not an offer to sell or a solicitation of an offer to purchase securities in any jurisdiction where it would be illegal to do so.
Indexes are unmanaged, and  one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges

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