Macquarie International Infrastructure Securities Fund (Hedged)
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/100272-2023-07-02-02:37.pdf |
FUND MANAGER | Macquarie Investment Management Global |
ASX Code | |
APIR | MAQ0432AU |
ASSET CLASS | INFRASTRUCTURE |
INVESTMENT STYLE | The Fund provides exposure to a diversified portfolio of global infrastructure securities which are listed, or expected to be listed, and are issued by entities that have as their primary focus (in terms of income and/or assets) the management, ownership and/or operation of infrastructure and utilities assets. |
INVESTMENT PROFILE | The Fund aims to outperform the S&P Global Infrastructure Index (Net Total Return $A Hedged) (Benchmark) over the medium to long term (before fees). It aims to provide a return comprising both income and capital growth. |
CURRENCY MANAGEMENT | Hedged |
INCEPTION DATE | 29-01-2014 |
BENCHMARK | S&P Global Infrastructure Index (Net Total Return $A Hedged) |
FUND SIZE | S&P Global Infrastructure Index (Net Total Return $A Hedged) |
DISTRIBUTION FREQUENCY | Quarterly |
NO. OF HOLDINGS | |
FEES | 1.00% p.a. of the net asset value of the Fund |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the Macquarie International Infrastructure Securities Fund (Hedged)
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RISK LEVEL | High |
INVESTOR SUITABILITY | The Fund may be suitable for investors who are looking for an investment with the objective of the Fund listed above and are prepared to accept the risks of the Fund set out in Section 4 of the PDS. |
Risks
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Detail |
Key Features
Fund descriptionThe Fund provides exposure to a diversified portfolio of global infrastructure securities which are listed, or expected to be listed, and are issued by entities that have as their primary focus (in terms of income and/ or assets) the management, ownership and/or operation of infrastructure and utilities assets. The Investment Manager believes that a systematic fundamentals-based approach to identifying long- term potential value in infrastructure companies will outperform the Benchmark over the medium to long term. The specialist investment team analyses infrastructure companies in depth to determine the quality, reliability and growth potential of the cashflows generated from their infrastructure assets. Significant features
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Mandate
How we invest your moneyThe Fund gains investment exposure to securities by investing principally in the Macquarie International Infrastructure Securities Fund (Unhedged) (Underlying Fund). The Underlying Fund invests directly in global infrastructure securities and is actively managed. Macquarie is the responsible entity of the Underlying Fund, which is also managed by the Investment Manager. The Fund may also hold securities directly. The Fund seeks to hedge any currency exposure back to Australian dollars. Exposure to securities issued by vehicles controlled or managed by the Macquarie Group (other than the Underlying Fund) is limited to 5% of the net asset value of the Fund at the time of investment. Asset allocation
The Fund may have exposure to derivatives, including derivatives that increase in value when the underlying instrument falls in value, and decrease in value when the underlying instrument rises in value. Derivatives may be used for hedging and active investment purposes. |