ClearBridge Real Income Fund - Active ETF (R3AL) Review & Analysis

MER · #425 of 514AUM · Top 50%1Y Return · #367 of 426

What's new this monthData to 30 September 2026

−4.9% in September (total return), behind the median international shares ETF at +0.0%.
Investors withdrew a net $5.5m (-1.3% of the fund).
The unit price closed the month at $1.45, near its 12-month low (range $1.44 to $1.70).

About R3AL

R3AL is an international shares ETF from ClearBridge, listed on the ASX since January 2025. With $408m under management it is number 72 of 254 international shares ETFs by size. The management fee is 0.85% a year, about $85 on every $10,000 invested, dearer than the typical international shares ETF at 0.55%.

Over the past year it returned −5.6%, against +10.4% for the median international shares ETF. With its focus on dividends & income, property, it is the kind of fund many investors use as a smaller satellite holding alongside a diversified core.

R3AL distributions and dividend dates

R3AL pays distributions quarterly, usually going ex-distribution in January, April, July and October, with payment about 11 days after the ex-date.

The latest distribution was $0.009 per unit (0% franked), ex-distribution on 1 October 2026 and paid on 12 October 2026. To receive it you need to own R3AL before the ex-date.

Its distribution yield over the past 12 months is about 5.1%. Distributions vary and past payments are not a guide to future ones.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare R3AL Check overlap ClearBridge website ↗

Compare R3AL with

R3ALvsPGI2

Plato Global Shares Income Fund – Active ETF

Fee	0.85%	0.85%
1 year	−5.6%	–
5 yrs p.a.	–	–
Size	$408m	$429m

Same holdingsNo holdings data

Full comparison →

R3ALvsJEPI

JPMorgan Equity Premium Income Active ETF

Fee	0.85%	0.40%
1 year	−5.6%	+0.4%
5 yrs p.a.	–	–
Size	$408m	$154m

Same holdingsNo holdings data

Full comparison →

R3ALvsJPEQ

JPMorgan US 100Q Equity Premium Income Active ETF

Fee	0.85%	0.40%
1 year	−5.6%	+10.7%
5 yrs p.a.	–	–
Size	$408m	$111m

Same holdingsNo holdings data

Full comparison →

R3ALvsJEGA

JPMorgan Global Equity Premium Income Complex ETF

Fee	0.85%	0.40%
1 year	−5.6%	−2.7%
5 yrs p.a.	–	–
Size	$408m	$21m

Same holdingsNo holdings data

Full comparison →

R3AL price by TradingView

Stock Code	R3AL
Fund Manager	ClearBridge
Asset Class	International shares
AUM	$408m
MER (%)	0.85%
Net flows (Sep)	−$5.5m
Last Price	$1.45
52-Week Range	$1.44 – $1.70
Bid/Ask Spread	0.41%
Listing Date	28/01/2025
Exchange	ASX
Index	None: actively managed. See the PDS for its benchmark
Issuer website	ClearBridge ↗

Performance (% return)

1 month−4.9%

1 year−5.6%

3 years p.a.–

5 years p.a.–

$10,000 invested…

1 year ago$9,438

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

R3AL at a glance: strengths and things to watch

👍 Strengths

Nothing stands out against its category.

⚠️ Things to watch

Higher fee. At 0.85% a year it costs more than 79% of international shares ETFs (median 0.55%), or about $30 a year more on every $10,000.
Wider trading spread. 0.41% between the buy and sell price. Use a limit order.
Short track record. Listed in January 2025, so it hasn't been tested through a full market cycle.

Worked out from R3AL's fees, size, flows, returns and trend against the 257 international shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

etfadviserTrend check

Base since 20 Oct 2026

R3AL is in a base. Here's why that matters.

R3AL's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet. Its price is 8.9% below its 12-month high.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Get the weekly trend updates: try it free for 30 days How base and trend works →See every ETF's stage →Visit etfadviser.com.au →

UptrendBaseDowntrend

R3AL weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.

Investment Focus

Themes & Sectors

Dividends & income Active ETFs Property

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
PGI2	Plato Global Shares Income Fund – Active ETF Active	–	0.85%	$429m	–	–	–
JEPI	JPMorgan Equity Premium Income Active ETF Covered call	–	0.40%	$154m	+0.4%	+5.7%	–
JPEQ	JPMorgan US 100Q Equity Premium Income Active ETF Covered call	–	0.40%	$111m	+10.7%	+14.8%	–
JEGA	JPMorgan Global Equity Premium Income Complex ETF Covered call	–	0.40%	$21m	−2.7%	–	–
HJHI	Hejaz High Income Active ETF Active	–	1.10%	$9.8m	+5.7%	–	–
JHPI	JPMorgan Equity Premium Income (Hedged) Active ETF Covered call	–	0.40%	$8.7m	+5.5%	+7.2%	–

Same holdings is the share of R3AL's money in companies the other ETF also holds, weighted by size. No other ETF shares much with R3AL, so these are ETFs in the same category. See every ETF like R3AL →

R3AL vs its closest alternatives

What actually differs between R3AL and the ETFs most like it. Data to 30 Sep 2026.

PGI2 Plato Global Shares Income Fund – Active ETF

Both charge the same fee (0.85%).

Full R3AL vs PGI2 comparison →

JEPI JPMorgan Equity Premium Income Active ETF

JEPI is cheaper (0.40% vs 0.85%), worth about $29,128 on $100,000 over 20 years.
Over 1 year: R3AL −5.6%, JEPI +0.4% (JEPI ahead by 6.0 percentage points).
R3AL is about 3 times larger ($408m vs $154m), which usually means tighter trading spreads.
Different structure: R3AL is actively managed, JEPI is a covered call fund.

Full R3AL vs JEPI comparison →

JPEQ JPMorgan US 100Q Equity Premium Income Active ETF

JPEQ is cheaper (0.40% vs 0.85%), worth about $29,128 on $100,000 over 20 years.
Over 1 year: R3AL −5.6%, JPEQ +10.7% (JPEQ ahead by 16.3 percentage points).
R3AL is about 4 times larger ($408m vs $111m), which usually means tighter trading spreads.
Different structure: R3AL is actively managed, JPEQ is a covered call fund.

Full R3AL vs JPEQ comparison →

General information only. Past performance is not a reliable indicator of future performance.

Popular comparisons

PGI2 vs R3AL R3AL vs JEPI R3AL vs JPEQ

R3AL FAQs

What is the fee for R3AL?

R3AL charges a management fee (MER) of 0.85% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is R3AL?

R3AL had $408m in funds under management as at 30 September 2026.

How has R3AL performed?

R3AL returned −5.6% over the year to 30 September 2026 (total return, including distributions). Past performance is not a reliable indicator of future performance.

Who manages R3AL?

R3AL is managed by ClearBridge and has been listed since January 2025.

Does R3AL pay monthly?

R3AL pays distributions four times a year, usually going ex-distribution in January, April, July and October. It does not pay monthly. If you want monthly income, see the ETF dividend calendar on ReviewETF for funds that pay every month.

When is the next R3AL distribution?

Based on its usual schedule, R3AL's next distribution should go ex around the start of January, with payment about 11 days later. Dates can move, so check ClearBridge's announcements to confirm.

What is R3AL's dividend yield?

R3AL's distribution yield over the past 12 months was about 5.3%. Yields change with the unit price and each payment, and are not a forecast.

Is R3AL currency hedged?

No, R3AL is unhedged. Its returns move with the Australian dollar: a falling dollar adds to returns and a rising dollar reduces them.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the ClearBridge product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.