Morningstar Fund Report  | 02/04/2025Print

FP Foresight Global Real Infrastructure Fund Class A GBP Income

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
FP Foresight Global Real Infrastructure Fund Class A GBP Income
Fund-1.5-9.7-7.5-4.22.1
+/-Cat-12.9-10.3-6.0-8.90.1
+/-B’mrk-14.4-22.1-8.3-21.40.2
 
Category: Sector Equity Infrastructure
Category Benchmark: S&P Global Infrastructure T...
Key Stats
NAV
01/04/2025		 GBP 0.97
Day Change 0.49%
Morningstar Category™ Sector Equity Infrastructure
IA (formerly IMA) Sector Infrastructure
ISIN GB00BK0TB032
Fund Size (Mil)
30/09/2024		 GBP 258.13
Share Class Size (Mil)
01/04/2025		 GBP 60.43
Max Initial Charge -
Ongoing Charge
12/03/2025		  0.85%
Investment Objective: FP Foresight Global Real Infrastructure Fund Class A GBP Income
The Fund aims to grow, over any 5 year period, by more than 3% per annum above the rate of UK inflation (as measured by the UK Consumer Prices Index). There is no guarantee that the Fund will achieve a positive return over this, or any other, period and you may not get back the original amount you invested. The Fund will invest directly in the shares of companies (including listed Investment Trusts, Real Estate Investment Trusts (REITs), ETFs and other investment company structures depending on the relevant jurisdictions) or units of Master Limited Partnerships that, in each case, are publicly traded (listed) on stock exchanges in developed markets (meaning North America, Western Europe and Asia Pacific); and that own or operate real infrastructure or renewable energy assets anywhere in the world.
Returns
Trailing Returns (GBP)01/04/2025
YTD0.01
3 Years Annualised-7.71
5 Years Annualised2.43
10 Years Annualised-
12 Month Yield 2.81
Dividend Paying Frequency Quarterly
Management
Manager Name
Start Date
Nick Scullion
03/06/2019
Eric Bright
03/06/2019
Inception Date
03/06/2019

Category Benchmark
Fund BenchmarkMorningstar Benchmark
UK CPIS&P Global Infrastructure TR USD
Portfolio Profile for  FP Foresight Global Real Infrastructure Fund Class A GBP Income28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock74.890.0074.89
Bond2.340.002.34
Property0.000.000.00
Cash1.650.001.65
Other21.120.0021.12
Top 5 Regions%
United States38.07
Canada27.74
Australasia13.30
Eurozone12.03
United Kingdom8.87
Top 5 Sectors%
Real Estate49.28
Utilities34.91
Industrials13.39
Communication Services2.43
Top 5 HoldingsSector%
Cellnex Telecom SAReal EstateReal Estate6.42
Innergex Renewable Energy IncUtilitiesUtilities5.96
3i Infrastructure Ord5.45
American Tower CorpReal EstateReal Estate5.36
Boralex Inc Class AUtilitiesUtilities5.36
Increase Decrease New since last portfolio
FP Foresight Global Real Infrastructure Fund Class A GBP Income
Growth Of 1000 (GBP) 28/02/2025
Fund:  FP Foresight Global Real Infrastructure Fund Class A GBP Income
Category:  Sector Equity Infrastructure
Category Index:  S&P Global Infrastructure TR USD
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 2020202120222023202428/02
Price Return27.90-1.52-9.74-7.52-4.222.13
+/- Category28.57-12.86-10.34-5.97-8.920.06
+/- Category Index36.57-14.42-22.14-8.29-21.370.23
% Rank in Category39888888754
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.49   0.66-0.01
1 Week-0.24   0.25-1.18
1 Month-2.08   -1.90-2.18
3 Months0.01   -2.00-1.99
6 Months-8.19   -8.27-13.56
YTD0.01   -2.00-1.99
1 Year4.13   -2.06-12.70
3 Years Annualised-7.71   -8.44-14.43
5 Years Annualised2.43   -4.38-11.61
10 Years Annualised-   --
 
Category: Sector Equity Infrastructure
Category Index: S&P Global Infrastructure TR USD
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2024-8.015.426.81-7.53
2023-3.20-4.20-9.5410.24
20221.80-5.95-4.14-1.64
2021-5.751.050.353.04
2020-9.8515.6710.0611.46
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowHigh1 star
5-YearBelow AverageAbove Average1 star
10-Year--Not Rated
OverallBelow AverageAbove Average1 star
 
Category :  Sector Equity InfrastructureClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev15.18 %
3-Yr Mean Return-3.29 %
 
3-Yr Sharpe Ratio-0.47
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 S&P Global Infrastructure TR USD  Morningstar Gbl Real Est TME NR USD
3-Yr Beta1.090.92
3-Yr Alpha-13.36-5.82
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 8749-
Market Capitalisation% of Equity
Giant2.51
Large32.87
Medium34.01
Small25.95
Micro4.66
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings32.642.00
Price/Book1.920.95
Price/Sales3.341.80
Price/Cash Flow9.191.21
Dividend-Yield Factor4.431.13
 
Long-Term Projected Earnings Growth10.101.22
Historical Earnings Growth4.100.73
Sales Growth7.024.60
Cash-Flow Growth-9.09-1.20
Book-Value Growth-0.25-0.07
 
Category: Sector Equity Infrastructure
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock74.890.0074.89
Bond2.340.002.34
Property0.000.000.00
Cash1.650.001.65
Other21.120.0021.12
World Regions28/02/2025
 % of EquityRelative to Category
United States38.070.75
Canada27.742.63
Latin America0.000.00
United Kingdom8.871.09
Eurozone12.030.65
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia13.305.14
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Sector Equity Infrastructure
Sector Weightings28/02/2025
 % of EquityRelative to Category
Real EstateReal Estate49.284.97
UtilitiesUtilities34.910.77
Communication ServicesCommunication Services2.431.08
IndustrialsIndustrials13.390.57
 
Category: Sector Equity Infrastructure
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings20
Total Number of Bond Holdings0
Assets in Top 10 Holdings50.31
NameSectorCountry% of Assets
Cellnex Telecom SA104Spain6.42
Innergex Renewable Energy Inc207Canada5.96
3i Infrastructure OrdJersey5.45
American Tower Corp104United States5.36
Boralex Inc Class A207Canada5.36
Equinix Inc104United States5.35
Infratil Ltd310New Zealand4.74
National Grid PLC207United Kingdom4.08
Northland Power Inc207Canada3.89
Brookfield Renewable Partners LP207Canada3.68
 
Increase Decrease New since last portfolio
Category: Sector Equity Infrastructure
 
Management
Name of CompanyForesight Group LLP
Phone+44 (0)20 3667 8100
Websitehttps://www.foresightgroup.eu/
AddressTHE SHARD
 London   SE1 9SG
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date03/06/2019
Fund Advisor(s)
Foresight Group LLP
Fund ManagerNick Scullion
Manager Start Date03/06/2019
 
Biography
Nick Scullion is the Head of Foresight Capital Management and is responsible for investment decisions, fund management and the growth of Foresight’s open-ended fund business. Nick joined Foresight in 2017 and has 9 years' experience in fund management, capital markets and corporate finance. Nick spent almost two years in Foresight's New Product Development team where he was responsible for the development of new business undertakings, from concept to execution, across a variety of sectors including infrastructure, private equity, project finance and venture capital. Prior to joining Foresight, Nick worked at EY as a Transaction Advisor where he focused on M&A and corporate strategy. He has also worked as a Management Consultant at Accenture focusing on corporate banking.
Fund ManagerEric Bright
Manager Start Date03/06/2019
 
Biography
Eric joined Foresight Group in 2019 and is a fund manager in the Foresight Capital Management Team. He has 8+ years of experience managing funds and discretionary portfolios. He has a degree in International Business, Finance and Economics from the University of Manchester and is a CFA Charterholder.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.85%
Ongoing Charge0.85%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional500  GBP
Savings-
Tax Free Savings Schemes
ISAsYes