Legg Mason RARE Infrastructure Value Fund

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About The Fund

Investment Aim

The Fund is a sub-fund of Legg Mason Global Funds plc, an open-ended umbrella investment company constituted in Ireland. The Fund seeks to achieve long-term stable growth, comprised of regular and consistent income and capital growth, through investment in listed shares of global infrastructure companies.

Performance Benchmark

OECD* G7 CPI +5.5%.
Month-end NAV:
Class A Acc USD (Hedged): USD 11.54
Class A Acc EUR: EUR 11.60
Class A Dist (M) SGD (Hedged) Plus: SGD 0.961
Fund Size:USD 498 million
Number of Holdings:32
All data are as of 30 April 2019

About the Investment Strategy

  • The Fund invests at least 80% of its assets in shares of infrastructure companies from around the world, including companies from developed and emerging market countries.
  • The Fund invests in a number of infrastructure sectors such as gas, electricity and water utilities, toll roads, airports, rail and communication.
  • The Fund will typically to be invested in 30 to 60 companies.

About the Investment Team

The fund is managed by Nick Langley, Richard Elmslie, Shane Hurst and Charles Hamieh.

RARE Infrastructure was established in 2006 as an investment management company focused exclusively on global listed infrastructure. Their philosophy is to provide investors with a high quality portfolio of listed infrastructure securities managed by an experienced team of specialists.

Legg Mason's unique structure provides you with access to this specialized expertise. We offer a powerful portfolio of solutions through our independent investment management firms.

* The benchmark of the Legg Mason RARE Infrastructure Value Fund is the Organization for Economic Cooperation and Development (OECD) G7 Consumer Price Index (“OECD G7 CPI”) plus 5.5% per annum (the ‘Index’). The OECD publishes the data for the OECD G7 CPI on a 3-4 month lag basis.

The Fund may invest in certain types of derivatives for investment and/ or efficient portfolio management purposes. Please refer to the prospectus for more information. Distributing Plus share classes may pay dividend out of capital.The payment of dividends out of capital effectively amounts to a return or withdrawal of an investor´s original capital investment or of capital gains attributable to that original investment. Such distribution will result in a corresponding immediate decrease in the Net Asset Value of these share classes.

This document, provided by Legg Mason Asset Management Singapore Pte. Limited ( “Legg Mason” ) (Registration Number (UEN): 200007942R), is for information only and does not constitute an offer or solicitation to buy or sell any units in any fund.

The prospectus of the fund is available and may be obtained from Legg Mason or its authorised distributors. Investors should check with Legg Mason or its authorised distributors on whether a particular class of the fund is available for subscription. Investors should read the prospectus prior to any subscription. All applications for units in the fund must be made on the application forms accompanying the prospectus. Past performance is not necessarily indicative of future performance. All investments involve risk, including possible loss of principal.The value of the units in the fund and the income accruing to the units, if any, may fall or rise.

Distribution of this document may be restricted in certain jurisdictions. Any persons coming into possession of this document should seek advice for details of, and observe, such restrictions (if any).This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such a document or make such an offer or solicitation. This fund is not available to US citizens, residents or greencard holders and may not be available in all jurisdictions.

Neither Legg Mason nor any officer or employee of Legg Mason accepts any liability whatsoever for any loss arising from any use of this document or its contents. The information in this document is confidential and proprietary and may not be used other than by the intended user.This document may not be reproduced, distributed or published without prior written permission from Legg Mason.

The mention of any individual securities / funds should neither constitute nor be construed as a recommendation to purchase or sell securities, and the information provided regarding such individual securities / funds is not a sufficient basis upon which to make an investment decision. Portfolio allocations, holdings and characteristics are subject to change at any time. Although information has been obtained from sources that Legg Mason believes to be reliable, no guarantee can be given as to its accuracy and such information may be incomplete or condensed and may be subject to change at any time without notice. Legg Mason, its affiliates, officers or directors, may have an interest in the acquisition or disposal of the securities mentioned herein.

This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.