Overview
Our Firm
ClearBridge Investments (North America) Pty Limited (“CINA”) was founded in 2009 as a subsidiary of ClearBridge Investments
Limited (CIL). CINA is one of three related investment managers that operate out of Australia (collectively, “ClearBridge
Australia”). Now wholly owned by Franklin Resources, Inc., and part of ClearBridge Investments, LLC, ClearBridge Australia is
an investment manager primarily specializing in the rapidly growing and increasingly recognized asset class of global listed
infrastructure.
This asset class consists of securities of major infrastructure projects and developments, such as airports, gas, electricity, water
and roads, which provide essential ongoing services to communities in both developed countries and emerging markets. We
are dedicated to identifying and investing in the best listed infrastructure assets, with the goal of delivering strong absolute
returns over an investment cycle.
Our Clients
CINA provides discretionary investment management services in multiple formats, including to institutional, separate accounts,
mutual funds (both proprietary (as subadvisor to ClearBridge, Franklin Templeton and Legg Mason-issued and branded funds)),
and as a subadvisor to non-proprietary funds (both U.S. and non-U.S.) and to other commingled investment vehicles, including
a collective investment trust.
We generally seek to manage client accounts to reflect the model portfolio applicable to that account. When changes are made
to our model portfolios, we trade all client accounts to align them with the applicable model portfolio (except where specific
instructions provided by the client require otherwise). Although clients typically grant full discretion with respect to security
selection, clients may impose restrictions on investing in certain securities or types of securities.
As
of 30 September 2023, CINA managed total assets of USD 2,574,197,732 of which USD 29,500,725 is non- discretionary
models.
Institutional
CINA provides discretionary investment advice to institutions, including US registered funds, pension and profit- sharing plans,
state and local government entities, trusts and other business entities. We integrate ESG considerations into our fundamental
research process across all strategies.
Institutional clients can impose restrictions on certain securities or types of securities and structure their investment guidelines
to accommodate a variety of client needs. These specific restrictions are usually negotiated with the client. Institutional clients
can also specify reporting requirements and frequency.
Managed Account Programs
For the Global Infrastructure SMA strategy, CINA has established a relationship with Franklin Templeton Private Portfolio
Group, LLC (‘FTPPG’) through which CINA gains access to managed account programs by being retained by FTPPG as a sub-
advisor. For further information, refer to the FTPPG Form ADV, Part 2A.
Customisation
Although most CINA strategies are available to both retail and institutional clients, some are not. These services/products may
only be available in a closed or open-end fund or other commingled vehicle or may have minimum investment requirements
that some clients cannot meet. Certain commingled vehicles have regulatory restrictions that prevent retail clients from
investing in them or are designed for a specific type of institutional investor such as a pension plan. Also, institutional clients
can specify reporting schedules and content and impose more restrictions on their accounts, such as percentage limitations in
certain industries or sectors, that CINA cannot provide to retail clients