FP Foresight Global Real Infrastructure Class A Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | n/a | 33.7% | 6.4% | -14.2% | -12.0% |
| Sector | -7.1% | 18.4% | 16.4% | -3.9% | -2.8% |
| Rank | n/a | 2/27 | 27/28 | 27/29 | 29/31 |
| Quartile | n/a | 1 | 4 | 4 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | -7.1% | n/a | n/a | |
| Sector | 2.8% | 3.6% | 6.4% | |
| Rank | 28/28 | n/a | n/a | |
| Quartile | 4 | n/a | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| CELLNEX TELECOM SA | 5.51 |
| 3I INFRASTRUCTURE | 5.32 |
| INFRATIL | 5.25 |
| BROOKFIELD RENEWABLE PARTNERS L.P. | 4.95 |
| BORALEX | 4.90 |
| American Tower Corporation American Tower Corp Ord USD0.01 | 4.58 |
| TRANSURBAN GROUP | 4.55 |
| EASTERLY GOVERNMENT PROPERTIES INC | 4.18 |
| HEALTHPEAK PROPERTIES | 4.12 |
| NORTHLAND POWER | 4.01 |
| Total | 47.37 |
Fund Aims
The Fund aims to grow, over any 5 year period, by more than 3% per annum above the rate of UK inflation
Fund Manager
TBC
Nick is the Co-Fund Manager responsible for investment decisions. He is the Head of Foresight Capital Management and is responsible for fund management and growth of Foresight's open-ended fund business. He joined Foresight Group in 2017 and has nine years of experience in fund management, capital markets and corporate finance.
Fund Overview
| Mid (26/04/2024) | 109.00p |
| Historic yield | 3.32% |
| Fund size (31/03/2024) | £280.60m |
| Number of holdings | 30 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.86% |
| Launch date | 03/06/2019 |
Asset Allocation
| International Equities | 59.02% | |
| Investment Trusts | 22.18% | |
| Property | 9.19% | |
| Cash and Equivalents | 2.64% | |
| Other Assets | 6.97% |
Asset Allocation
| International Equities | 59.02% | |
| Investment Trusts | 22.18% | |
| Property | 9.19% | |
| Cash and Equivalents | 2.64% | |
| Other Assets | 6.97% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Utilities | 34.88% | - | - | - | |
| Utilities | - | 34.88% | - | - | |
| Electricity | - | - | 34.88% | - | |
| Alternative Electricity | - | - | - | 34.88% | |
| Real Estate | 26.25% | - | - | - | |
| Real Estate | - | 26.25% | - | - | |
| Real Estate Investment Trusts | - | - | 26.25% | - | |
| Health Care REITs | - | - | - | 9.19% | |
| Infrastructure REITs | - | - | - | 6.83% | |
| Other Specialty REITs | - | - | - | 6.05% | |
| Office REITs | - | - | - | 4.18% | |
| Financials | 22.18% | - | - | - | |
| Financial Services | - | 22.18% | - | - | |
| Equity Investment Instruments | - | - | 22.18% | - | |
| Equity Investment Instruments | - | - | - | 22.18% | |
| Telecommunications | 7.08% | - | - | - | |
| Telecommunications | - | 7.08% | - | - | |
| Telecommunications Service Providers | - | - | 7.08% | - | |
| Telecommunications Services | - | - | - | 7.08% | |
| Non-Classified | 6.97% | - | - | - | |
| Non-Classified | - | 6.97% | - | - | |
| Non-Classified | - | - | 6.97% | - | |
| Non-Classified | - | - | - | 6.97% | |
| Cash and Equivalents | 2.64% | - | - | - | |
Regional Allocation
| North America | 38.52% | |
| Non-Classified | 29.15% | |
| Developed Europe - Excl UK | 13.68% | |
| Property | 9.19% | |
| Australia & New Zealand | 6.82% | |
| Cash and Equivalents | 2.64% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 38.52% | - | |
United States
|
- | 20.65% | |
Canada
|
- | 17.87% | |
| Non-Classified | 29.15% | - | |
| Developed Europe - Excl UK | 13.68% | - | |
Spain
|
- | 5.51% | |
Germany
|
- | 3.41% | |
Ireland
|
- | 2.84% | |
Norway
|
- | 1.92% | |
| Property | 9.19% | - | |
| Australia & New Zealand | 6.82% | - | |
New Zealand
|
- | 6.82% | |
| Cash and Equivalents | 2.64% | - | |
Breakdown By Market Cap (%)
| Mega |
|
4.58% |
| Large |
|
6.46% |
| Medium |
|
24.46% |
| Small |
|
5.80% |
| Non-Classified |
|
56.06% |
| Cash |
|
2.64% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | CELLNEX TELECOM SA | 5.51% | Telecommunications Service Providers | Spain |
| 2 | 3I INFRASTRUCTURE | 5.32% | Equity Investment Instruments | Non-Classified |
| 3 | INFRATIL | 5.25% | Electricity | New Zealand |
| 4 | BROOKFIELD RENEWABLE PARTNERS L.P. | 4.95% | Electricity | Canada |
| 5 | BORALEX | 4.90% | Electricity | Canada |
| 6 | American Tower Corporation American Tower Corp Ord USD0.01 | 4.58% | Real Estate Investment Trusts | United States |
| 7 | TRANSURBAN GROUP | 4.55% | Managed Funds | Non-Classified |
| 8 | EASTERLY GOVERNMENT PROPERTIES INC | 4.18% | Real Estate Investment Trusts | United States |
| 9 | HEALTHPEAK PROPERTIES | 4.12% | Real Estate Investment Trusts | Direct Property and REITs |
| 10 | NORTHLAND POWER | 4.01% | Electricity | Canada |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Telecommunications | - | 7.08% | - | - | - | - | - | - | 7.08% |
| Financials | - | - | - | - | - | - | 22.18% | - | 22.18% |
| Real Estate | - | 17.06% | - | - | - | 9.19% | - | - | 26.25% |
| Utilities | - | 34.88% | - | - | - | - | - | - | 34.88% |
| Cash and Equivalents | - | - | - | - | - | - | - | 2.64% | 2.64% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BK0T9T8 |
| Mex Code | - |
| Isin Code | GB00BK0T9T82 |
| Citi Code | QC1U |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.86% |
Aims and Benchmark
| Aims | The Fund aims to grow, over any 5 year period, by more than 3% per annum above the rate of UK inflation |
| Benchmark | None |
| Benchmark Category | - |
| IA Sector | Global |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | No income |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 December | 31 January |
| 01 March | 30 April |
| 01 June | 31 July |
| 01 September | 31 October |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | Société Générale S.A, London Branch |
| Fund Administrator | Fund Partners Ltd. |
| Fund Registrar | Other |
| Fund Custodian | Société Générale S.A, London Branch |
Group Details
| Group name | FP Foresight |
| Group address | Fund Partners Limited – Foresight, Cedar House, 3 Cedar Park, Cobham Road, Wimborne, Dorset, BH21 7SB |
| Group telephone | 01202 855 856 |
| Dealing telephone | - |
| - | |
| Homepage | www.foresightgroup.eu/ |
| Fax number | - |
Dealing
| Minimum Investment | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | - |
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -8.37 |
| Beta | 1.34 |
| Sharpe | -0.02 |
| Standard Deviation | 14.98 |
| Info Ratio | -1.18 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | Yes |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | Yes |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | Yes |
| Solvency of Depository | Yes |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | Yes |
| Liquidity | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Sector Specific
The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Property
The fund invests in Property funds, property shares or direct property. In particular the following risks will apply:- The property market is illiquid and this can, in exceptional circumstances, lead to times in which clients are unable to dispose of part or all of their holding. Property valuations are made by independent agents but are ultimately subjective and a matter of judgement. Property transaction costs are high (typically around 7% due to legal costs, valuations and stamp duty)
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
New Fund
The charges and expenses may make up a higher proportion of a newly launched fund than initially estimated.
Solvency of Depository
The value of a cash or currency fund may be affected if any of the institutions with which cash is deposited becomes insolvent or experiences other financial difficulties.
Ethical Restrictions
The fund is unable to invest in certain sectors and companies due to the ethical criteria used to select investments for the fund.
Liquidity
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.