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Contact details

ManagerGroupLogo
3rd Floor, 30, Cannon Street, London, EC4M 6YQ
0207 332 6501 (Fax Number)
0207 332 6500 (Main Number)

enquiries@firststate.co.uk

Fund managers

* Peter Meany08-Oct-2007 to Present
 
view    
* Andrew Greenup»01-Jun-2011 to Present


Investment objectives

The Fund aims to provide income and grow your investment. The Fund invests in shares of companies that are involved in infrastructure around the world. The infrastructure sector includes utilities (e.g. water and electricity), highways and railways, airports services, marine ports and services, and oil and gas storage and transportation. The Fund does not invest directly in infrastructure assets.

Key Information

Fund vs sector

  1y 3y
Position 9 / 276 104 / 249
Quartile 1 2

Fund ratings

SilverMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 5 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 8.40 9.10
Alpha 8.32 5.05
Beta 1.04 0.71
Sharpe 1.02 0.96
Info Ratio 1.32 0.30
R2 0.45 0.49
Quartiles:   1  2  3  4   help with ratios
vs. Global»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +16.3+50.4+74.3+19.6+8.1+2.3+13.3
  GLOBAL   +7.5+43.6+52.1+22.2+9.3-6.0+12.7
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIRST STATE GLOBAL LISTED INFRASTRUCTURE B EUR INC INC 141.21 (EUX) 21-Nov-2014 0.00 0.78% 0RW6 B2PDRL7
pdf FIRST STATE GLOBAL LISTED INFRASTRUCTURE B GBP ACC ACC 180.90 (p) 21-Nov-2014 2.44 0.83% A6X2 B24HJL4
pdf FIRST STATE GLOBAL LISTED INFRASTRUCTURE B GBP INC INC 145.45 (p) 21-Nov-2014 2.44 0.83% A6X4 B24HK55
pdf FIRST STATE GLOBAL LISTED INFRASTRUCTURE B USD ACC ACC 134.16 (USX) 21-Nov-2014 2.44 0.78% GLHU B8HBQ70
pdf FIRST STATE GLOBAL LISTED INFRASTRUCTURE B HEDGED INC GBP INC 128.39 (p) 21-Nov-2014 2.48 0.83% GTGE B7DYMW3
pdf FIRST STATE GLOBAL LISTED INFRASTRUCTURE B EUR ACC ACC 167.01 (EUX) 21-Nov-2014 2.44 0.78% MCC1 B2PDRD9
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIRST STATE GLOBAL LISTED INFRASTRUCTURE A GBP ACC ACC 172.99 (p) 21-Nov-2014 2.44 1.59% A6X1 B24HJC5
pdf FIRST STATE GLOBAL LISTED INFRASTRUCTURE A GBP INC INC 138.24 (p) 21-Nov-2014 2.44 1.60% A6X3 B24HJR0
pdf FIRST STATE GLOBAL LISTED INFRASTRUCTURE A EUR ACC ACC 163.09 (EUX) 21-Nov-2014 2.44 1.54% BTF2 B2PDR28
pdf FIRST STATE GLOBAL LISTED INFRASTRUCTURE A EUR INC INC 132.27 (EUX) 21-Nov-2014 2.44 1.53% BTF3 B2PDR73

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£1,071.5m / $1,680.0m (21-Nov-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch08-Oct-2007
Pricing times12:00 Daily Dealing frequencyMonday-Friday
Dealing timesMon-Fri 08:00 to 17:00
Minimum initial£ 1,000
Minimum additional£ 500
Initial charge4.00%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarThe Bank Of New York Mellon (International)
Multi-Managern/a
Indexn/a
Dividend policyFeb 01, Aug 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Global Equity Infrastructure Global
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
VINCI SA 6.30 1 - -
CROWN CASTLE INTERNATIONAL CORP 6.10 2 - -
EAST JAPAN RAILWAY CO 5.50 3 - -
TRANSURBAN GROUP 4.70 4 - -
ASCIANO LTD 3.90 5 - -
PG&E CORP 3.70 6 - -
Scottish & Southern Energy 3.50 7 - *
CENTRAL JAPAN RAILWAY CO 3.30 8 - -
RUBIS 3.00 9 - -
ATLANTIA SPA 3.00 10 - -
Total43.00 
Regional weightings, 31-Oct-2014
Region(%)Rank 
USA33.701 33.70% USA
France12.802 12.80% France
Japan11.003 11.00% Japan
Others9.704 9.70% Others
Australia8.605 8.60% Australia
UK7.906 7.90% UK
China4.107 4.10% China
Italy3.908 3.90% Italy
Canada3.009 3.00% Canada
Brazil2.7010 2.70% Brazil
Cash2.6011 2.60% Cash
Total100.00 
Sector weightings, 31-Oct-2014
Sector(%)Rank 
Airport,Toll Roads, Freight Rail & Passenger Rail35.201 35.20% Airport,Toll Roads, Freight Rail & Passenger Rail
Integrated Utilities & Regulated Utilities33.102 33.10% Integrated Utilities & Regulated Utilities
Towers & Satellites11.303 11.30% Towers & Satellites
Energy Storage & Energy Pipelines9.104 9.10% Energy Storage & Energy Pipelines
Ports4.805 4.80% Ports
Others3.906 3.90% Others
Cash2.607 2.60% Cash
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
 
 
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Asset allocation

US Equities, 33.70%
33.7000% ofUS Equities
French Equities, 12.80%
12.8000% ofFrench Equities
Japanese Equities, 11.00%
11.0000% ofJapanese Equities
International Equities, 9.70%
9.7000% ofInternational Equities
Australian Equities, 8.60%
8.6000% ofAustralian Equities
UK Equities, 7.90%
7.9000% ofUK Equities
Chinese Equities, 4.10%
4.1000% ofChinese Equities
Italian Equities, 3.90%
3.9000% ofItalian Equities
Canadian Equities, 3.00%
3.0000% ofCanadian Equities
Brazilian Equities, 2.70%
2.7000% ofBrazilian Equities
Money Market, 2.60%
2.6000% ofMoney Market

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