INFR’s top holdings include Union Pacific 5.0%, Transurban Group 4.6%, Enbridge 4.6%, Transcanada 4.5% and National Grid PLC 3.8%.

RARE is an investment management company focused on global listed infrastructure. Legg Mason acquired RARE Infrastructure Limited back in July 2015. The team also helps manage Legg Mason’s RARE Global Infrastructure Value Fund (RGIVX).

“Our philosophy is to provide investors with a high-quality portfolio of listed infrastructure securities managed by an experienced team of specialists,” according to Legg Mason. “The company’s investment and risk management approach is reflected in its name – Risk Adjusted Returns to Equity (RARE) – with the risk/return relationship being the prime focus.”

For more information on new fund products, visit our new ETFs category.