BROOF - ClearBridge Global Infrastructure Value Strategy Portfolio Manager Commentary Q4 2021

• 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.
• The Strategy and infrastructure index outperformed global equities, which felt headwinds from the Omicron variant and potential interest rate hikes.
• U.S. rail operators Union Pacific and CSX were among lead performers, driven by strong pricing, which could be hitting record highs, and healthy commodity volume driven by the current energy crisis.
• U.S. rail operators Union Pacific and CSX were among lead performers, driven by strong pricing, which could be hitting record highs, and healthy commodity volume driven by the current energy crisis.

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