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CF MACQUARIE GLOBAL INFRASTRUCTURE SECURITIES A - Fund overview

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Overview of CF MACQUARIE GLOBAL INFRASTRUCTURE SECURITIES A

The fund focuses on total returns by investing in a worldwide portfolio of infrastructure securities listed or traded on Eligible Securities Markets. A yield of 3-4% is also expected to be achieved. Macquarie, an Australia based company, specialises in infrastructure investments and has developed several toll motorways around the world. Infrastructure investments offer a low correlation to more traditional asset class such as equities, bonds and properties.

Standard Initial Charge

4.50% 0.00%

Fund summary

Sector  Global
Product type  OEIC
Launched  June, 2007
Size  £34m
Yield 2.1%
Charging basis  Income
Dividends paid  31/5, 30/11
Bid price(inc) 96.50p
Bid price(acc) 107.56p

Fund Charges

Standard Initial charge 4.50%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.60%
Total expense ratio 1.83%
Reduction in yield (10yr) 1.83%

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Portfolio

cf macquarie global infrastructure securities a asset allocation illustration
Allocation Proportion
Equity 100%
High yield bonds
Quality bonds
Property
Commodities
Hedge
Fund cash
cf macquarie global infrastructure securities a equity geographic illustration
Allocation Proportion
UK 5%
Europe 19%
Nth America 28%
Japan 30%
Pacific 15%
Other Equity 3%
cf macquarie global infrastructure securities a equity capitalisation illustration
Allocation Proportion
Large Caps 80%
Mid Caps 15%
Small Caps 5%

Investment process


Infrastructure projects are by nature long -term investments in industries that have high barriers to entry. The management will seek companies that have monopolistic tendencies and will therefore offer predictable cash flows and help protect against inflation. Typical industries in which the fund will invest include 'regulated assets', (utilities and communications) and 'user pay assets', (roads, rail, ports and airports).
The fund will have a maximum exposure to emerging markets of 20%. Other major areas for investing include the US, Canada, UK/Europe and Australasia.
Infrastructure funds have grown out of the Australian market and Macquarie were the first to create such a fund.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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