| Morningstar Fund Report | 13/04/2025 |  |
First Sentier Global Listed Infrastructure Fund Class III (Accumulation) USD |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | 13.5 | 9.1 | -4.0 | 8.1 | 3.3 |
| +/-Cat | 2.2 | 8.5 | -2.5 | 3.4 | 1.0 |
| +/-B’mrk | 0.6 | -3.3 | -4.8 | -9.0 | 1.8 |
| Category: Sector Equity Infrastructure | ||||||
| Category Benchmark: S&P Global Infrastructure T... | ||||||
| Key Stats | ||
| NAV 11/04/2025 | USD 23.23 | |
| Day Change | -0.69% | |
| Morningstar Category™ | Sector Equity Infrastructure | |
| ISIN | IE00B29SXM19 | |
| Fund Size (Mil) 11/04/2025 | USD 658.39 | |
| Share Class Size (Mil) 11/04/2025 | USD 20.66 | |
| Max Initial Charge | 5.00% | |
| Ongoing Charge 29/11/2024 | 0.83% | |
| Morningstar Research |
| Analyst Report | 27/08/2024 Shamir Popat, Senior Analyst Morningstar, Inc |
Established, capable hands direct First Sentier Global Listed Infrastructure. Its clean share class earns a Morningstar Analyst Rating of Silver, while the more-expensive share classes are rated Bronze. The collective tenure here is an important... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
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| People | 24 |
| Parent | 23 |
| Process | 24 |
| Performance | |
| Price | |
| Investment Objective: First Sentier Global Listed Infrastructure Fund Class III (Accumulation) USD |
| The Fund invests primarily (at least 70% of its Net Asset Value) in a diversified portfolio of listed Infrastructure and Infrastructure-related equity securities or equity-related securities of issuers listed, traded or dealt in on Regulated Markets worldwide. The Infrastructure sector includes operating assets from the transport, utilities, energy and communications sectors. The Fund is not subject to any limitation on the market capitalisation of the companies in which it may invest. |
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| Management | ||
Manager Name Start Date | ||
Peter Meany 27/06/2008 | ||
Andrew Greenup 27/06/2008 | ||
| Click here to see others | ||
Inception Date 11/12/2012 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| FTSE Global Core Infra 50/50 NtTx NR USD | S&P Global Infrastructure TR USD |
| Portfolio Profile for First Sentier Global Listed Infrastructure Fund Class III (Accumulation) USD | 31/03/2025 |
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| Top 5 Holdings | Sector | % |
 American Electric Power Co Inc |  Utilities | 5.09 |
 Duke Energy Corp | Utilities | 4.40 |
| Xcel Energy Inc | Utilities | 4.26 |
| National Grid PLC | Utilities | 4.19 |
 Transurban Group |  Industrials | 4.08 |
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Increase Decrease  New since last portfolio | ||
| First Sentier Global Listed Infrastructure Fund Class III (Accumulation) USD | ||
| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | -1.98 | 20.35 | -5.73 | 13.50 | 9.09 | -4.02 | 8.11 | 3.27 |
| +/- Category | 2.13 | 3.23 | -5.07 | 2.17 | 8.49 | -2.46 | 3.41 | 1.03 |
| +/- Category Index | 1.90 | -1.74 | 2.94 | 0.60 | -3.32 | -4.78 | -9.04 | 1.77 |
| % Rank in Category | 33 | 40 | 65 | 43 | 11 | 70 | 35 | 40 |
| Trailing Returns (GBP) | 11/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | -0.69 | -0.57 | -1.52 |
| 1 Week | -4.83 | -2.66 | -5.86 |
| 1 Month | -2.52 | -0.75 | -3.01 |
| 3 Months | -2.94 | -1.11 | 0.92 |
| 6 Months | -0.35 | 3.04 | -0.77 |
| YTD | -0.80 | 0.50 | 0.76 |
| 1 Year | 7.17 | 2.94 | -6.91 |
| 3 Years Annualised | 1.10 | 2.15 | -4.17 |
| 5 Years Annualised | 6.16 | 1.20 | -4.45 |
| 10 Years Annualised | 6.53 | 1.62 | -0.72 |
| Category: Sector Equity Infrastructure | |||
| Category Index: S&P Global Infrastructure TR USD | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | 3.27 | - | - | - |
| 2024 | 0.20 | 1.55 | 5.81 | 0.41 |
| 2023 | -1.56 | -4.35 | -3.72 | 5.88 |
| 2022 | 6.99 | -0.43 | 1.18 | 1.19 |
| 2021 | 3.30 | 3.02 | 1.67 | 4.90 |
| 2020 | -13.42 | 9.73 | -3.77 | 3.11 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : Sector Equity Infrastructure | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| S&P Global Infrastructure TR USD | Morningstar Gbl Eq Infra GR USD | |
| 3-Yr Beta | 0.86 | 0.89 |
| 3-Yr Alpha | -3.47 | -1.10 |
| Investment Style Details | 31/03/2025 | ||||||||||||||||||||||||||||||||||||||||
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| Category: Sector Equity Infrastructure | |||||||||||||||||||||||||||||||||||||||||
| Asset Allocation | 31/03/2025 |
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| World Regions | 31/03/2025 | ||||||||||||||||||||||||||||||||||||||||||
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| Category: Sector Equity Infrastructure | |||||||||||||||||||||||||||||||||||||||||||
| Sector Weightings | 31/03/2025 | ||||||||||||||||||
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| Category: Sector Equity Infrastructure | |||||||||||||||||||
| Top 10 Holdings | 31/03/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 44 |
| Total Number of Bond Holdings | 0 |
| Assets in Top 10 Holdings | 38.57 |
| Name | Sector | Country | % of Assets | ||
| American Electric Power Co Inc | | United States | 5.09 | ||
| Duke Energy Corp | | United States | 4.40 | ||
| Xcel Energy Inc | | United States | 4.26 | ||
| National Grid PLC | | United Kingdom | 4.19 | ||
| Transurban Group | | Australia | 4.08 | ||
| ONEOK Inc |  | United States | 3.40 | ||
| Norfolk Southern Corp | | United States | 3.39 | ||
| Cheniere Energy Inc | | United States | 3.33 | ||
| CSX Corp | | United States | 3.33 | ||
| Getlink SE Act. Provenant Regroupement | | France | 3.10 | ||
| Increase Decrease New since last portfolio | |||||
| Category: Sector Equity Infrastructure | |||||
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| Biography | |
| Peter Meany is the Head of Global Listed Infrastructure at First Sentier Investors. Peter is responsible for managing infrastructure securities on behalf of institutional and wholesale clients in Asia-Pacific, Europe, the Middle East and North America. Since establishing the strategy in 2007, he has built a high quality team of infrastructure specialists and delivered consistent outperformance through a wide range of market conditions. Peter has more than 25 years’ experience in the infrastructure industry. |
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| Fund Manager | Andrew Greenup |
| Manager Start Date | 27/06/2008 |
| Career Start Year | 1996 |
| Education |
| Queensland University of Technology, B.A. |
| Financial Services Institute of Australasia, Diploma |
| Macquarie University, Diploma |
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| Biography | |
| Andrew co-founded the Global Listed Infrastructure Fund in 2007 and was an early pioneer of the global listed infrastructure asset class. He has been integral in delivering strong investment performance for clients and growing FUM for shareholders. Today he is the Deputy Head of Global Listed Infrastructure, Senior Portfolio Manager and responsible for research coverage of Utilities. In 2005 he joined First Sentier Investors as a senior analyst in the Australian Equities team. Prior to his time at First Sentier Investors, Andrew worked at Allianz Global Investors as a senior analyst in Australian equities and Credit Suisse First Boston as an equities analyst. During his time in financial markets, Andrew has researched a broad cross section of industries including Infrastructure, Utilities, Transportation, Developers & Contractors, Retailing, Food & Beverages, Gaming, Media, Insurance and Diversified Financials. 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 a Graduate Diploma in Applied Finance & Investment from the Financial Services Institute of Australasia and a Postgraduate Diploma in International Relations from Macquarie University. Andrew is an Affiliate of the Australian Institute of Company Directors, a Fellow of the Financial Services Institute of Australia, and a member of the Australian Institute of International Affairs |
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| Fund Manager | Edmund Leung |
| Manager Start Date | 01/05/2021 |
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| Biography | |
| Edmund’s main responsibilities include managing listed infrastructure portfolios on behalf of institutional and wholesale clients and research coverage of the Towers, Satellites and Utilities sectors. Edmund has more than 10 years' investment experience. Prior to joining the Global Listed Infrastructure Securities team, Edmund worked with the Asia-Pacific/Global Emerging Markets team in Hong Kong and undertook credit analysis for a number of sectors with the Global Fixed Interest and Credit team. Edmund has also worked at Aviva Australia as an Actuarial Analyst. Edmund holds a Bachelor of Commerce (Hons) from the University of Melbourne and is a CFA charterholder |
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