Argo Global Listed Infrastructure
|Argo Investments - Investment Philosophy|
About this Fund
|FUND MANAGER||Argo Service Company|
|ASSET CLASS||LISTED INVESTMENT COMPANY|
|INVESTMENT STYLE||ALI provides exposure to a diversified portfolio of global listed infrastructure securities.|
|INVESTMENT PROFILE||ALI aims to provide shareholders with a mix of long-term capital growth and dividend income, as well as important diversification benefits.|
|BENCHMARK||FTSE Global Core Infrastructure 50/50 Index (net total return AUD)|
|FUND SIZE||FTSE Global Core Infrastructure 50/50 Index (net total return AUD)|
|NO. OF HOLDINGS||50-100|
|FEES||up to 1.20% p.a.|
Benefits of investing in ALI
About the Fund
Argo Global Listed Infrastructure Limited (AGLI) (ASX code: ALI) is a listed investment company established in 2015 by Argo Investments to provide investors with exposure to a diversified portfolio of global listed infrastructure securities.
The infrastructure sector is diversified by geography and infrastructure sub-sectors, including airports, water, pipelines, railways, ports, satellites, toll roads, telecommunications towers and electricity, gas and renewable energy utilities.
The objectives are to provide shareholders with a mix of long-term capital growth and dividend income, and to provide important diversification benefits to Australian investors.
The Company has selected the FTSE Global Core Infrastructure 50/50 Index (net total return AUD) as its Benchmark. For the purpose of measurement of the investment performance of the Portfolio Manager, portfolio returns will be calculated in AUD, gross of management fees, dividend withholding, corporate, or other taxes and all other ongoing investment-related expenses.
While the Portfolio Manager may invest in securities from a broad range of companies, countries and sub-sectors inside and outside the Benchmark and to different degrees than the Benchmark, the Company nevertheless believes that the Benchmark reflects an appropriate comparative set of global listed infrastructure securities. Moreover, the Benchmark is intended to focus the Portfolio Manager on global listed infrastructure securities investments including emerging markets, and on assessing securities on a risk-adjusted return basis from a developed market investor's perspective.
How we invest your money
The investment strategy will take a high conviction and active approach. The Portfolio is concentrated across 50 - 100 global listed infrastructure securities. Then, is further diversified across infrastructure sub-sectors and countries, both developed and emerging, based upon the combined top-down and bottom-up analysis undertaken by the Portfolio Manager. Up to 5% of the Portfolio's NAV may be held in cash securities from time to time, the timing and level of cash holdings will ultimately be determined by the attractiveness of available securities.
An infrastructure company is one that derives at least 70% of its revenues from, or has at least 70% of its assets committed to, the construction, development or financing of infrastructure assets, or the management, ownership and/or operation of infrastructure assets such as pipelines, toll roads, airports, railroads or ports.
These companies' businesses may include:
Up to 5% invested in cash securities
Provides additional flexibility for the Portfolio Manager to pursue anticipated market opportunities.
However, given the high conviction approach and size of the infrastructure universe, holdings in cash securities are likely to be kept to a minimum.
Exposure to be determined by the attractiveness of available securities, particularly from a valuation perspective.