Global Infrastructure Fund

Share Class :
 
ISIN: LU0384381660
Marketing Communication
Global Infrastructure Fund
Marketing Communication
ISIN: LU0384381660
Share Class :

Global Infrastructure Fund

SHARE CLASS :
ISIN: LU0384381660
 

Marketing Communication

Important Information

  • The Fund invests primarily in equity securities issued by companies located throughout the world that are engaged in the infrastructure business.
  • Investment involves risks. Key risks for this fund include Risk of Investment in the Infrastructure Industry, Risk of Investment in Equity, Exchange Rate Risk, Emerging Market Risk, Risk of Exposure to the Euro and Eurozone and Investments in REITs.
  • There is a risk that you may potentially lose your entire investment in this Fund.
  • The investment decision is yours but you should not invest unless the intermediary who sells it to you has advised you that it is suitable for you and has explained why, including how buying it would be consistent with your investment objectives. You should not make any investment decision solely based on this document. Please read the relevant offering document carefully for further fund details including risk factors. 
 
 
Investment Objective
Long term growth of your investment.
Investment Approach
We apply a well-defined, value-oriented, bottom-up driven investment process that focuses on investing in equity securities of publicly listed infrastructure companies we believe offer the best value relative to their underlying infrastructure value and net asset value growth prospects, irrespective of short-term market trends.

The value of the investments and the income from them will vary and there can be no assurance that the Fund will achieve its investment objectives.

 
 
Pricing & Performance

Past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations. All performance data is calculated NAV to NAV, net of fees, and does not take account of commissions and costs incurred on the issue and redemption of units. The sources for all performance and Index data is Morgan Stanley Investment Management. Please click here for additional performance disclosures and important information, which should be reviewed carefully.

Please Note: Time periods where NAV figures are not displayed are due to the Fund being fully redeemed and then re-launched at a later date.

As of 30-Sep-2024

As of 11-Oct-2024

As of 30-Sep-2024

As of 11-Oct-2024


Performance of 100 USD invested
Performance of 100 USD invested

     
 
 
Average Annual Total Returns As of 30-Sep-2024 As of 30-Sep-2024
1 YR 3 YRS 5 YRS 10 YRS Since Inception
Share Class A USD (%) 22.90 3.20 3.71 3.93 8.03
Dow Jones Brookfield Global Infrastructure Index (%) 27.21 5.97 5.12 5.18 9.06
1 YR 3 YRS 5 YRS 10 YRS Since Inception
Share Class A USD (%) 22.90 3.20 3.71 3.93 8.03
Dow Jones Brookfield Global Infrastructure Index (%) 27.21 5.97 5.12 5.18 9.06
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Share Class A USD (%) 2.49 -8.61 12.90 -2.59 26.11 -8.70 11.91 14.36 -15.25 14.93
Dow Jones Brookfield Global Infrastructure Index (%) 4.51 -6.62 19.87 -6.97 28.69 -7.87 15.79 12.52 -14.40 16.34
Average Annual Total Returns
As of 30-Sep-2024
TIMEFRAME Share Class A USD (%) Dow Jones Brookfield Global Infrastructure Index (%)
1 Yr 22.90 27.21
3 Yrs 3.20 5.97
5 Yrs 3.71 5.12
10 Yrs 3.93 5.18
Since Inception 8.03 9.06
As of 30-Sep-2024
TIMEFRAME Share Class A USD (%) Dow Jones Brookfield Global Infrastructure Index (%)
1 Yr 22.90 27.21
3 Yrs 3.20 5.97
5 Yrs 3.71 5.12
10 Yrs 3.93 5.18
Since Inception 8.03 9.06
TIMEFRAME Share Class A USD (%) Dow Jones Brookfield Global Infrastructure Index (%)
2023 2.49 4.51
2022 -8.61 -6.62
2021 12.90 19.87
2020 -2.59 -6.97
2019 26.11 28.69
2018 -8.70 -7.87
2017 11.91 15.79
2016 14.36 12.52
2015 -15.25 -14.40
2014 14.93 16.34

 
 
Risk/Return Statistics

TIMEFRAME:
    Share Class A Index
Excess Return (%) -2.77 --
Alpha (%) -2.57 --
Beta 0.91 1.00
Information ratio -0.58 --
R squared 0.93 1.00
Sharpe ratio -0.03 0.13
Tracking error (%) 4.79 --
Volatility (Standard deviation) (%) 16.69 17.59
 
 
 
 
Composition 4 As of 31-Aug-2024
  Fund
Oil & Gas Storage & Transportation 36.76
Electricity Transmission & Distribution 16.62
Communications 15.38
Others 11.08
Diversified 7.24
Airports 4.63
Water 4.28
Toll Roads 1.06
Railroads 0.21
Cash 2.72
 
May not sum to 100% due to the exclusion of other assets and liabilities.


Geography4 As of 31-Aug-2024
  Fund
United States 50.84
Canada 16.44
United Kingdom 10.40
Spain 7.62
France 3.14
Mexico 2.57
Italy 2.36
Hong Kong 1.03
Switzerland 0.81
Other 2.05
Cash 2.72
 
May not sum to 100% due to the exclusion of other assets and liabilities.


Holdings As of 31-Aug-2024
Fund
National Grid Plc 7.93
American Tower Corp 7.92
Enbridge Inc 4.15
ONEOK Inc 4.02
GFL Environmental Inc 3.81
Sempra 3.62
Targa Resources Corp 3.59
TC Energy Corp 3.53
Nisource Inc 3.16
Pembina Pipeline Corp 3.16
Total 44.89

These securities and percentage allocations are only for illustrative purposes and do not constitute, and should not be construed as, investment advice or recommendations with respect to the securities or investments mentioned.



Portfolio Characteristics
Fund
Active share (%) 35.26
Number of holdings 52
Weighted average market capitalization ($B) 43.12
Weighted median market capitalization ($B) 33.61
 
 
 

** Calendar Year Return (%) is available by selecting the fund name in the pricing table.

Please visit our Glossary page for fund related terms and definitions.

Performance data quoted is based on average annualized returns and net of fees.

The source for all performance and index data is Morgan Stanley Investment Management Limited.

Past performance is not indicative of future results. The value of the investments and the income from them can go down as well as up and an investor may not get back the amount invested. Returns may increase or decrease as a result of currency fluctuations. Performance data for funds with less than one year's track record is not shown. Performance is calculated net of fees. YTD performance data is not annualised. Performance of other share classes, when offered, may differ. Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus and key facts statement (KFS) contains this and other information about the fund. Please read the prospectus and KFS carefully before you invest.

1 The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account sales loads.

The Europe/Asia and South Africa category (EAA) includes funds domiciled in European markets, major cross-border Asian markets where material numbers of European UCITS funds are available (principally Hong Kong, Singapore and Taiwan), South Africa, and selected other Asian and African markets where Morningstar believes it is of benefit to investors for the funds to be included in the EAA classification system.

© 2024 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

2 The Dow Jones Brookfield Global Infrastructure Index is a float-adjusted market capitalization weighted index that measures the stock performance of companies that exhibit strong infrastructure characteristics. The Index intends to measure all sectors of the infrastructure market. 

Entry Charge is a maximum possible figure. In some cases you might pay less, you can find this out from your financial adviser. Ongoing Charges reflect the payments and expenses incurred during the fund's operation and are deducted from the assets of the fund over the period. It includes fees paid for investment management (Management Fee), trustee/custodian, and administration charges. The Minimum Initial Investment/Minimum Subsequent Investment amounts may be in US Dollars (or the Euro Yen or Sterling equivalent of the US Dollar amount). For more information please see the Charges and Expenses section of the prospectus.

4 May not sum to 100% due to the exclusion of other assets and liabilities. For additional information regarding sector classification/definitions please visit www.msci.com/gics and the glossary page. Cash & Equivalents are defined as the value of assets that can be converted into cash immediately. These include commercial paper, open FX transactions, Treasury bills and other short-term instruments.  Such instruments are considered cash equivalents because they are deemed liquid and not subject to significant risk of changes in values.

BENCHMARK Hong Kong as of September 30, 2019, class A shares. Based upon total return in U.S.$. The winners in the Top Mutual Fund category are those which: 1. are an open-ended onshore or offshore fund authorized by the Hong Kong SFC, 2. have a minimum fund size of US$100 million, 3. have a minimum 3-year track record, and 4. are not a fund with back-end/redemption fees. The Best-in-Class (BIC) awardees are the highest scoring funds based on (USD) performances between October 1, 2018 and September 30, 2019, by using the following weighting: 1-year Return: 20%; 3-year Return: 30%; 5-Year Return: 20%; 3-Year Sortino Ratio: 30%. Monthly score sets are calculated by aggregating the 12-monthly rolling one-year, three-and five-year (USD) returns, and by adding a risk score for their risk-adjusted returns. Funds in the final score set with a negative Sortino ratio will be excluded from the assessment for the awards. For more information on the methodology, please refer to https://benchmark.exchange/hk/asset-management/methodologyPast performance is no guarantee of future results.

WAM is the weighted average maturity of the portfolio. The WAM calculation utilizes the interest-rate reset date, rather than a security's stated final maturity, for variable- and floating- rate securities. By looking to a portfolio's interest rate reset schedule in lieu of final maturity dates, the WAM measure effectively captures a fund's exposure to interest rate movements and the potential price impact resulting from interest rate movements.

 

WAL is the weighted average life of the portfolio. The WAL calculation utilizes a security's stated final maturity date or, when relevant, the date of the next demand feature when the fund may receive payment of principal and interest (such as a put feature). Accordingly, WAL reflects how a portfolio would react to deteriorating credit (widening spreads) or tightening liquidity conditions.

 
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This Fund is classified as an Article 8 product under the Sustainable Finance Disclosure Regulation. Article 8 products are those which promote environmental or social characteristics and which integrate sustainability into the investment process in a binding manner.

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