ClearBridge Sustainable Infrastructure ETF

ClearBridge Sustainable Infrastructure ETF (INFR) is an actively managed Franklin Templeton fund that owns companies building or running assets such as power plants, water systems, roads and communications networks, picked partly on environmental, social and governance (ESG) ratings. It may appeal to investors wanting global infrastructure with a sustainability filter; its picks overlap only about a fifth with larger rivals. The trade-off is cost: 0.59% a year, versus a 0.32% average for similar funds.

• Over the year to Oct 27, 2026, INFR returned +1.6%, 5th of 7 among similar funds.
• Its worst full calendar year was 2024 (-6.2%); its best was 2025 (+24.0%).
• The deepest fall in its price history was 19.3% (May 5, 2023 to Oct 3, 2023), recovered by Aug 23, 2024.

As of Dec 31, 2025, the fund held 29 securities; the ten largest made up 46.49% of assets.

• Over the three months to Dec 31, 2025, investors added a net $1.4M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +1.88%, +3.29%, -0.57%.

INFR is actively managed rather than tied to an index. Its sub-advisor, the firm running the portfolio, must keep at least 80% of net assets in infrastructure companies that pass its sustainability and financial tests. A company qualifies if at least half its assets, income, sales or profits come from building, owning or running roads, railroads, ports, power plants, water systems, communications networks, hospitals or schools.

It screens listed infrastructure stocks worldwide for liquidity (how easily shares trade), quality, income and infrastructure exposure, such as owning physical assets, monopoly-like features, and contracts or regulation that support steady cash flow. Each eligible company gets an in-house environmental, social and governance (ESG) rating of AAA, AA, A or B, reflecting present practices and expected changes, such as carbon-cutting plans or climate risk. Final picks favor attractive valuations, payouts and cash flow.

It aims for 25 to 50 holdings and held 29 as of December 31, 2025, with no derivatives and 46% of assets in the top ten. The prospectus sets no weighting formula, so position sizes are the manager's call. Portfolio turnover, the share of holdings replaced in a year, was 24.89%. It may also own preferred stock, master limited partnerships (partnership units traded like stocks) and real estate investment trusts, and put up to 20% in emerging markets.

• INFR charges 0.59% a year, versus an average of 0.32% for the similar funds below (7th of 7, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $60 in the first year and $738 over 10 years (assuming a 5% annual return).

It is a concentrated fund of 29 infrastructure stocks with a record dating only to December 2022, so it suits a small slice of a portfolio rather than a foundation role.

INFR could add listed infrastructure, about three-quarters of it outside the US, led by SSE and Severn Trent as of December 31, 2025. Launched in December 2022, it has no record from the 2008, 2020 or 2022 downturns. Its deepest drop was 19.3%, from May 5 to October 3, 2023; recovery took about 11 months, to August 23, 2024. Its worst calendar year was 2024, at -6.47%. Anyone forced to sell near such a low would lock in the loss.

Income is modest: a 1.73% trailing 12-month yield as of October 27, 2026, paid once a year. Its 0.59% expense ratio (yearly fee) tops the 0.32% peer average; on $10,000, the SEC's standard example puts costs at $60 for one year and $738 over ten years. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.

Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).