First State Global Listed Infrastructure Income
Also available as accumulation units
At a glance
| Initial charge | 4.00% |
|---|---|
| Initial saving | 3.75% |
| Annual charge | 1.50% |
| Annual saving | 0.100% ² |
| Total Expense Ratio | 1.59% |
| Launch date | 08-10-2007 |
| Launch price | £1.00 |
| Sector | Specialist |
| Fund size | £50 million |
| Number of holdings | 63 |
| Fund type | OEIC |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
In the face of a rapidly slowing global economy, the earnings growth of global infrastructure companies continue to hold up well. In recent months Peter Meany has been lowering exposure to energy infrastructure businesses in favour of communication infrastructure like toll roads, airports and ports. This fund has not been completely immune from the market volatility but we do believe the long term prospects remain exciting.
Full research
About the Fund Manager
Peter Meany
Located in: Sydney
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.
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Income details
| Historic yield | 4.29% |
|---|---|
| Income paid | Bi-annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 01 August 2008 |
|---|---|
| Payment date ³ | 30 September 2008 |
Top 10 holdings
| Abertis Infraestructuras S.A. | 6.34% |
|---|---|
| American Tower Corp. Cl A | 5.87% |
| Vinci S.A. | 4.96% |
| GDF SUEZ | 4.62% |
| Koninklijke Vopak N.V. | 4.06% |
| Macquarie Infrastructure Group | 3.95% |
| Dominion Resources Inc. (Virginia) | 3.45% |
| Public Service Enterprise Group | 3.34% |
| Transurban Group | 3.20% |
| SES FDR | 3.05% |
Top 10 sectors
| Industrial Transportation | 38.24% |
|---|---|
| Gas, Water & Multiutilities | 22.07% |
| Electricity | 16.91% |
| Technology Hardware & Equipment | 5.87% |
| Construction & Materials | 4.96% |
| Oil Equipment, Services & Distribution | 4.18% |
| Media | 3.05% |
| Cash and Equiv. | 2.52% |
| Managed Funds | 2.19% |
Top 10 countries
| United States | 26.16% |
|---|---|
| Australia | 11.66% |
| France | 11.33% |
| Spain | 8.96% |
| United Kingdom | 8.25% |
| Japan | 6.91% |
| Netherlands | 4.06% |
| Germany | 4.06% |
| Luxembourg | 3.05% |
| Cash and Equiv. | 2.52% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 28-11-2008. Data accurate as at 31/10/2008.
