First Sentier Global Listed Infrastructure Class B Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | -3.1% | 6.2% | 14.2% | -7.6% | 18.8% |
| Sector | -1.2% | 8.9% | 8.2% | -8.2% | 12.0% |
| Rank | 17/26 | 23/27 | 5/29 | 16/33 | 10/35 |
| Quartile | 3 | 4 | 1 | 2 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 7.8% | 5.2% | 8.6% | |
| Sector | 3.6% | 3.7% | 6.3% | |
| Rank | 7/29 | 13/26 | 2/10 | |
| Quartile | 1 | 2 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| AMERICAN ELECTRIC POWER COMPANY | 5.00 |
| NATIONAL GRID | 5.00 |
| UNION PACIFIC CORPORATION | 4.70 |
| CHENIERE ENERGY | 4.30 |
| EVERSOURCE ENERGY | 4.00 |
| TRANSURBAN GROUP | 3.90 |
| American Tower Corporation American Tower Corp Ord USD0.01 | 3.90 |
| DUKE ENERGY CORPORATION | 3.80 |
| XCEL ENERGY | 3.60 |
| NEXTERA ENERGY | 3.40 |
| Total | 41.60 |
Fund Aims
The Fund’s objective is to deliver capital growth and inflation-protected income by investing in a globally diversified portfolio of listed infrastructure and infrastructure-related securities.
Fund Manager
Andrew joined Colonial First State Global Asset Management in July 2005 as a senior analyst in the Core Australian Equities team. Over this time Andrew has analysed five industry sectors. He has also performed the role of backup Portfolio Manager. Prior to this, Andrew worked at Allianz Global Investors as a senior analyst investing in Australian equities. Before funds management, Andrew worked at Credit Suisse First Boston as an equities analyst and Australian & New Zealand Banking Group as a credit analyst. Andrew holds a Bachelor Business (First Class Honours) from the Queensland University of Technology (QUT) and was awarded the QUT University medal. He has completed the Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australasia and is currently enrolled in the Australian Institute of Company Directors’ (AICD) Company Directors Course.
Peter joined Colonial First State Global Asset Management in January 2007 as Head of Global Listed Infrastructure Securities. Peter brings over 10 years’ experience in the infrastructure and utilities sectors. At Credit Suisse Equities (Australia), Peter was responsible for research coverage in these sectors. He received top rankings in a number of industry surveys and was involved in a number of company defining corporate transactions. Prior to CS, Peter was an analyst at Macquarie Equities when the infrastructure sector was in its infancy. Peter holds a Bachelor Economics (Finance) from Macquarie University.
Fund Overview
| Mid (20/12/2024) | 385.41p |
| Historic yield | 3.30% |
| Fund size (30/11/2024) | £1347.84m |
| Number of holdings | 42 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.80% |
| Launch date | 08/10/2007 |
Asset Allocation
| International Equities | 87.90% | |
| UK Equities | 6.40% | |
| Cash and Equivalents | 1.80% | |
| Other Assets | 3.90% |
Commentary
The Fund invests in shares of companies that are involved in infrastructure around the world. The infrastructure sector includes utilities (e.g. water and electricity), highways and railways, airports services, marine ports and services, and oil and gas storage and transportation. The Fund does not invest directly in infrastructure assets.
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 87.90% | |
| UK Equities | 6.40% | |
| Cash and Equivalents | 1.80% | |
| Other Assets | 3.90% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Utilities | 47.50% | - | - | - | |
| Utilities | - | 47.50% | - | - | |
| Electricity | - | - | 28.20% | - | |
| Conventional Electricity | - | - | - | 28.20% | |
| Gas, Water & Multi-utilities | - | - | 17.80% | - | |
| Multi-Utilities | - | - | - | 12.40% | |
| Gas Distribution | - | - | - | 3.40% | |
| Water | - | - | - | 2.00% | |
| Waste & Disposal Services | - | - | 1.50% | - | |
| Waste & Disposal Services | - | - | - | 1.50% | |
| Industrials | 30.40% | - | - | - | |
| Industrial Goods & Services | - | 26.30% | - | - | |
| Industrial Transportation | - | - | 26.30% | - | |
| Railroads | - | - | - | 14.90% | |
| Transportation Services | - | - | - | 11.40% | |
| Construction & Materials | - | 4.10% | - | - | |
| Construction & Materials | - | - | 4.10% | - | |
| Construction | - | - | - | 4.10% | |
| Energy | 10.30% | - | - | - | |
| Energy | - | 10.30% | - | - | |
| Non-Renewable Energy | - | - | 10.30% | - | |
| Pipelines | - | - | - | 10.30% | |
| Real Estate | 5.10% | - | - | - | |
| Real Estate | - | 5.10% | - | - | |
| Real Estate Investment Trusts | - | - | 5.10% | - | |
| Infrastructure REITs | - | - | - | 5.10% | |
| Non-Classified | 3.90% | - | - | - | |
| Non-Classified | - | 3.90% | - | - | |
| Non-Classified | - | - | 3.90% | - | |
| Non-Classified | - | - | - | 3.90% | |
| Cash and Equivalents | 1.80% | - | - | - | |
| Telecommunications | 1.00% | - | - | - | |
| Telecommunications | - | 1.00% | - | - | |
| Telecommunications Service Providers | - | - | 1.00% | - | |
| Telecommunications Services | - | - | - | 1.00% | |
Regional Allocation
| North America | 61.70% | |
| Developed Europe - Excl UK | 10.70% | |
| UK | 6.40% | |
| South & Central America | 4.00% | |
| Non-Classified | 7.10% | |
| Japan | 3.20% | |
| Australia & New Zealand | 2.70% | |
| Cash and Equivalents | 1.80% | |
| Emerging Asia | 1.80% | |
| Developed Asia | 0.60% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 61.70% | - | |
United States
|
- | 59.00% | |
Canada
|
- | 2.70% | |
| Developed Europe - Excl UK | 10.70% | - | |
France
|
- | 4.90% | |
Switzerland
|
- | 2.40% | |
Italy
|
- | 2.10% | |
Germany
|
- | 1.30% | |
| UK | 6.40% | - | |
United Kingdom
|
- | 6.40% | |
| South & Central America | 4.00% | - | |
Brazil
|
- | 2.10% | |
Mexico
|
- | 1.90% | |
| Non-Classified | 7.10% | - | |
| Japan | 3.20% | - | |
Japan
|
- | 3.20% | |
| Australia & New Zealand | 2.70% | - | |
Australia
|
- | 2.70% | |
| Cash and Equivalents | 1.80% | - | |
| Emerging Asia | 1.80% | - | |
China
|
- | 1.80% | |
| Developed Asia | 0.60% | - | |
Hong Kong
|
- | 0.60% | |
Breakdown By Market Cap (%)
| Mega |
|
38.40% |
| Large |
|
41.30% |
| Medium |
|
13.10% |
| Non-Classified |
|
5.40% |
| Cash |
|
1.80% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | AMERICAN ELECTRIC POWER COMPANY | 5.00% | Electricity | United States |
| 2 | NATIONAL GRID | 5.00% | Gas, Water & Multi-utilities | United Kingdom |
| 3 | UNION PACIFIC CORPORATION | 4.70% | Industrial Transportation | United States |
| 4 | CHENIERE ENERGY | 4.30% | Non-Renewable Energy | United States |
| 5 | EVERSOURCE ENERGY | 4.00% | Electricity | United States |
| 6 | TRANSURBAN GROUP | 3.90% | Managed Funds | Non-Classified |
| 7 | American Tower Corporation American Tower Corp Ord USD0.01 | 3.90% | Real Estate Investment Trusts | United States |
| 8 | DUKE ENERGY CORPORATION | 3.80% | Gas, Water & Multi-utilities | United States |
| 9 | XCEL ENERGY | 3.60% | Electricity | United States |
| 10 | NEXTERA ENERGY | 3.40% | Electricity | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Telecommunications | - | 1.00% | - | - | - | - | - | - | 1.00% |
| Real Estate | - | 5.10% | - | - | - | - | - | - | 5.10% |
| Energy | - | 10.30% | - | - | - | - | - | - | 10.30% |
| Utilities | 6.40% | 41.10% | - | - | - | - | - | - | 47.50% |
| Industrials | - | 30.40% | - | - | - | - | - | - | 30.40% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.80% | 1.80% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B24HJL4 |
| Mex Code | CFGLIB |
| Isin Code | GB00B24HJL45 |
| Citi Code | A6X2 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.80% |
Aims and Benchmark
| Aims | The Fund’s objective is to deliver capital growth and inflation-protected income by investing in a globally diversified portfolio of listed infrastructure and infrastructure-related securities. |
| Benchmark | FTSE Global Core Infrastructure 50-50 Index |
| Benchmark Category | - |
| IA Sector | Global |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | No income |
| Distribution Payment Basis | Gross |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 February | 30 March |
| 01 August | 30 September |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The Bank of New York Mellon (International) Limited |
| Fund Administrator | The Bank of New York Mellon (International) Limited |
| Fund Registrar | The Bank of New York Mellon (International) Limited |
| Fund Custodian | The Bank of New York Mellon (International) Limited |
Group Details
| Group name | First Sentier Investors (UK) |
| Group address | Finsbury Circus House 15 Finsbury Circus London EC2M 7EB |
| Group telephone | 020 7332 6500 |
| Dealing telephone | - |
| - | |
| Homepage | www.firstsentierinvestors.com |
| Fax number | - |
Dealing
| Minimum Investment | £500000 |
| Minimum Top Up | £50000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.