ENGGF - ClearBridge Global Infrastructure Income Strategy Portfolio Manager Commentary Q3 2020

• ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers.
• Stimulus, easy monetary policy, expectations of bond rates remaining low and positive news flow around vaccine development all combined to support financial markets.
• The global commitment to decarbonization gained further momentum, helping renewables make strong contributions to the Strategy.
• Regardless of the result of the U.S. election, we continue to see the need for infrastructure spending as a tool to recover from the pandemic.

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