FTF ClearBridge Global Infrastructure Income X

Targets income from the equities of infrastructure companies worldwide.

  • 122.70p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 159.50p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.94%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 4.90%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 17 September 2021

The fund's aim is to provide income; capital growth over the long term is a secondary goal. The fund seeks to outperform, on an average annualised basis, the OECD G7 Inflation Index by 5.5% over an investment time frame of 5 years (gross of fees). To do this it invests at least 80% of its assets in shares of global listed infrastructure companies. The fund invests in a number of infrastructure sectors such as gas, electricity and water utilities, toll roads, airports, rail and communications. The fund invests in shares of infrastructure companies from around the world, including up to 20% from emerging market countries.

Fund summary

Sector Global Equity Income
Structure OEIC
Launched July, 2016
Size £864m
Yield 4.90%
Charging basis
Dividends paid Jan, Apr, Jul, Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.94%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 -0.16%
  • 18/19 0.12%
  • 19/20 1.50%
  • 20/21 -0.17%

Bestinvest MRI

  • 3 years 0.48%
  • 5 years 0.00%
  • Career 0.26%
  • 3 years 91.90%
  • 5 years 0.00%
  • Career 87.10%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Rare Infrastructure

Infrastructure was established in 2006 as an investment management company focused exclusively on global listed infrastructure. Their philosophy is to provide investors with a high quality portfolio of listed infrastructure securities managed by an experienced team of specialists.

Track record

Rare Infrastructure has 4.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.26%. During the worst period of relative performance (from October 2020 - April 2021) there was a decline of 6% relative to the index. The worst absolute loss has been 15%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 87%.

Periods of worst performance

Absolute -15.00% (January 2020 - March 2020)
Relative -6.00% (October 2020 - April 2021)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

5.9767% Nextera Energy Partners Lp
5.6665% Red Electrica Corporacion Sa
4.2926% Clearway Energy Inc
4.0927% Snam Spa
4.0696% Ausnet Services
4.0355% Terraform Power Inc
3.9726% Transurban Group
3.9303% Dominion Energy Inc
3.8888% Spark Infrastructure Group
3.6135% Terna Spa
Source: Trustnet

Sector breakdown

Electricity Supply 43.00%
Alternative & Renewable Energy 18.00%
Oil & Gas 13.00%
Water 8.00%
Infrastructure 6.00%
Infrastructure 3.00%
Infrastructure 3.00%
Cash & Cash Equivalents 3.00%
Communications 3.00%
Others 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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