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ATLAS Infrastructure Australian Feeder Fund (Hedged)

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/106503-2022-06-07-02:19.pdf
FUND MANAGER ATLAS Infrastructure (Australia)
ASX Code
APIR PIM9253AU
ASSET CLASS INFRASTRUCTURE
INVESTMENT STYLE

The Fund aims to deliver a combination of capital appreciation and income over the medium to longer term.
INVESTMENT PROFILE

A high conviction portfolio of the highest quality listed infrastructure companies across developed markets.
CURRENCY MANAGEMENT Hedged
INCEPTION DATE 03-10-2017
BENCHMARK G7 CPI + 5% net of fees
FUND SIZE G7 CPI + 5% net of fees
DISTRIBUTION FREQUENCY Half yearly
NO. OF HOLDINGS 18 - 30
FEES 0.70% pa
STRUCTURE

Benefits

Benefits

An investment in the Fund offers a range of key benefits including:

• A specific exposure to the infrastructure sector;
• Detailed bottom-up due diligence by a team of dedicated sector specialists;
• Focus on risk management;
• Active portfolio management;
• Investment decisions driven by underlying asset cashflows and risks;
• Embedded macro and asset stress testing;
• Consideration of climate change risks and opportunities; and
• Active engagement with companies.
RISK LEVEL High
INVESTOR SUITABILITY

The Fund is generally suited to investors seeking absolute returns over the medium to long term.

Risks

Title
Detail

Key Features

Includes access to:
  • one of the largest investment teams specialising in listed infrastructure – globally
  • a robust and rigorous investment process
  • a high conviction, concentrated index agnostic portfolio
  • a portfolio that is constantly optimised for total return (whilst aiming to minimise identified risks)
  • an investment process that incorporates the impact of ESG Factors on the cash flow of the companies it researches.

The Underlying Fund will concentrate its investment activity in the infrastructure sector, represented by the ATLAS UK investment universe. The Underlying Fund asset allocation ranges will be determined based on the risk and return of the individual companies and may deviate substantially from the universe allocations.

The Fund will hold a high conviction portfolio of infrastructure stocks listed on global exchanges, within developed markets through holdings in the Underlying Fund. The Fund seeks to achieve income and capital appreciation over the medium to long term.

Mandate

The investment strategy of the Fund is to invest in the Underlying Fund which will invest in a moderately diversified portfolio of global infrastructure equity securities listed on stock exchanges in developed nations. The portfolio of equities will be issued by, or provide exposure to, global companies that own or operate under concession, high quality essential infrastructure assets in various sectors, including electric, gas and water utilities, transport, communications and community and social infrastructure. Portfolio companies will be selected  from those that ATLAS UK considers to offer the best potential for a combination of capital appreciation and income over the medium to longer term whilst minimising risk of loss to investors

The Fund invests all or substantially all of its assets in the Underlying Fund, an umbrella fund with separate share classes. The Fund will invest in a dedicated share class(es) of the Underlying Fund which will be reserved for investors in the Fund.

The investment strategy of the Fund is to invest in a moderately diversified portfolio of global infrastructure equity securities listed on stock exchanges in developed nations via the Atlas Global Infrastructure UCITS ICAV Fund. The ATLAS investment universe consists of around 140 stocks and the Fund is likely to hold no more than 30 positions. Therefore, portfolio diversification of the Fund is low.

The Fund will not borrow