Key Highlights

  • R3AL aims to provide a pre-tax income Yield above the S&P/ASX 200 yield and grow that income above the rate of inflation.
  • The portfolio is concentrated in real estate, with industrial and utility-linked companies also significant.
  • Management fees are 0.85% a year, with an interim distribution of A$0.009 and an annual yield of 5.19%.
  • The fund traded at A$1.54 in the 5 November 2026 session, up 3.01%.

The Clearbridge Real Income Fund Active ETF (ASX:R3AL) is an actively managed income fund focused on Australian companies with stable, income-producing assets. Its stated aim is a pre-tax income yield above the index yield, with income growing faster than inflation. Units traded at A$1.54 during the 5 November 2026 session, up 3.01%, while the S&P/ASX 200 gained 1.87%.

Fund detail

Information

Share price (5 Nov 2026 session)

A$1.54, up 3.01%

Management fees and costs

0.85% a year

Annual yield

5.19%

Last distribution

A$0.009 interim, ex-date 1 October 2026

Number of holdings

About 35 companies

Benchmark

S&P/ASX 200 TR AUD

Admitted to ASX

28 January 2025

What the fund is

R3AL is an actively managed exchange-traded fund listed on the ASX. Units trade during market hours, and the unit price reflects the value of the holdings and Demand for units. The manager chooses the companies held and their weights, so results depend on those decisions.

The fund's purpose is to deliver an income-led return from Australian companies with income-producing assets. It targets a pre-tax income yield above the index yield and aims to grow that income above Inflation over time.

How the portfolio is built

Real estate is the largest sector at about 61% of the fund, followed by industrials at about 18% and utilities at about 15%. Holdings include Aurizon, Scentre Group, Transurban, Stockland and APA Group, with the largest positions each around 5% to 7%.

The concentration in property trusts and infrastructure-type businesses means the portfolio's behaviour is closely tied to interest rates, property values and the cash flows of those businesses. A concentrated sector mix differs significantly from a broad Australian share fund.

Income and costs

The most recent distribution was an interim payment of A$0.009, with an ex-date of 1 October 2026 and payment on 12 October 2026. The annual yield is 5.19%. Yield reflects recent distributions relative to the unit price, so it can move as prices and payouts change.

Management fees and costs are 0.85% a year. The fee is higher than many index funds, so investors should consider whether the active income approach justifies the cost.

What to understand before investing

Property and infrastructure securities are sensitive to interest rates. When rates rise, the income from those Assets can look less attractive compared with bonds, and their prices may fall. Gearing within the underlying companies can also amplify these effects.

Sector concentration means the fund can move sharply on news affecting property or utilities. Investors should consider how much exposure to these sectors they already hold elsewhere before adding this product.

Comparing with a broad index fund

Investors comparing R3AL with a broad Australian index fund may look at the sector mix, the yield, the fee and how the fund behaved in periods of rising rates. The difference in sector composition is the main reason the two products can diverge.

Final Word

R3AL offers a yield-focused approach weighted toward property and infrastructure. Its sector concentration is much greater than a broad Australian share fund, so its moves can differ significantly from the market.