Key Highlights

  • The active fund holds 35 companies, with the top ten at 54.15%, and aims for income above the S&P/ASX 200 yield.
  • Real Estate (59.28%), Utilities (17.22%) and Industrials (16.73%) make up the portfolio.
  • The management fee is 0.85% and reported turnover is 16.00%.
  • The October 2026 distribution of $0.009 is lower than the $0.045 paid in July.

ClearBridge Real Income Fund - Active ETF (ASX:R3AL) aims to provide a pre-tax income yield above the S&P/ASX 200 Index yield and to grow that income above the rate of inflation. The fund was admitted to the ASX on 28 January 2025 and last traded at $1.45 on 13 October 2026. It uses the S&P/ASX 200 Index as its benchmark.

Detail

Information

Ticker

ASX:R3AL

Fund

ClearBridge Real Income Fund - Active ETF

Category

Equity Australia Other

Benchmark

S&P/ASX 200 TR AUD

Management fee

0.85%

Total holdings

35

ASX admission date

28 January 2025

Holdings

The ten largest positions represent 54.15% of the fund. Scentre Group leads at 7.54%, followed by Aurizon Holdings (7.21%), Chorus (6.58%), APA Group (6.26%) and Digital Realty Trust (5.39%). AGL Energy holds 4.85%, Stockland 4.61%, Transurban 4.42%, and Canadian National Railway and Vicinity Centres 3.62% each.

Cash is 2.79% and stocks 97.21%. Reported turnover is 16.00%.

Sector and country exposure

Real Estate holds 59.28%, against 7.35% for the category, Utilities 17.22%, against 2.48%, and Industrials 16.73%. Communication Services holds 6.77%. The fund has no weighting in financials, materials, energy or healthcare.

Australia accounts for 68.19% of the fund, well below the 92.83% category figure. The United States holds 12.70%, New Zealand 12.54% and Canada 3.73%.

Fee, risk and distributions

The management fee is 0.85% a year. The fund reports a beta of 0.47 and a standard deviation of 9.12. The interim distribution of $0.009 per unit had an ex-date of 1 October 2026, a record date of 2 October and payment on 12 October, equal to an annual yield of 5.31%.

That is lower than the $0.045 paid in July and $0.018 in April, but higher than the $0.004 in January and $0.005 in October 2025.

Category classification and liquidity

Morningstar places the fund in the Equity Australia Other category, which covers Australian companies almost exclusively, with less than 20% of the portfolio in assets other than equities and a possible bias towards a single sector or style.

Because the fund listed only on 28 January 2025, its trading and distribution history is short. Average daily trading volume is 26,853 units, and the two sessions reported for 9 and 13 October recorded 4,200 and 17,300 units. The bid-offer range stood at $1.42 to $1.46 on 13 October. Fund size and units on issue are not reported for the fund.

Recent announcements

The issuer lodged Applications, Redemptions and Units on Issue details on 7 October, a Quarterly Correlation Report on 5 October, a DRP price and a correction to the distribution details on 2 October, and the Annual Report on 29 September.

Closing Perspective

R3AL targets rising income from real assets, producing a property- and utilities-heavy portfolio with 31.81% outside Australia. The 0.85% fee and uneven quarterly distributions are part of its profile, and the fund has a short listing history. These facts do not forecast outcomes.