BNY Mellon Global Infrastructure Income (GB) Class W Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
31/03/25 to 31/03/26 |
|
|---|---|---|---|---|---|
| Fund | 19.5% | -2.2% | 5.1% | 20.8% | 29.3% |
| Sector | 16.4% | -3.9% | -2.8% | 7.3% | 17.5% |
| Rank | 7/28 | 7/30 | 6/34 | 1/36 | 2/37 |
| Quartile | 1 | 1 | 1 | 1 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/26 |
5 Years to 31/03/26 |
10 Years to 31/03/26 |
||
| Fund | 18.0% | 13.9% | n/a | |
| Sector | 7.0% | 6.5% | 7.4% | |
| Rank | 1/34 | 1/28 | n/a | |
| Quartile | 1 | 1 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| HESS MIDSTREAM LP | 6.83 |
| ENEL - SPA | 6.53 |
| ONEOK | 6.49 |
| HEALTHPEAK PROPERTIES | 6.20 |
| ENGIE | 6.00 |
| BOUYGUES | 5.05 |
| ORANGE | 4.85 |
| Omega Healthcare Investors Omega Healthcare Investors, Inc USD0.10 | 4.48 |
| ANTERO MIDSTREAM CORP | 4.22 |
| ENBRIDGE | 4.12 |
| Total | 54.77 |
Fund Aims
The Sub-Fund aims to maximise total returns from income and capital growth by gaining exposure to companies located worldwide that are engaged in infrastructure and related operations.
Fund Manager
Brock is head of global research at Newton. He provides leadership and managerial oversight of the research team and research process, and works to develop the strategic direction of the research platform.
Brock is also a portfolio manager for the Global Infrastructure Dividend Focus Equity and Global Natural Resources strategies, as well as a senior research analyst responsible for covering infrastructure-related equities, including electric, industrial and communications infrastructure companies, with a focus on the energy transition theme. Brock joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Brock was the head of equity research, a senior research analyst, research associate and portfolio assistant at Mellon Investments Corporation and The Boston Company Asset Management (both BNY group companies). Brock began his investment career in 2005. He has spent his entire career with BNY.
Brock has a BA in Political Science and Economics from Wheaton College. He received his CFA designation in 2011 and is a member of the CFA Institute.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Fund Overview
| Mid (02/04/2026) | 183.30p |
| Historic yield | 3.79% |
| Fund size (31/01/2026) | £107.35m |
| Number of holdings | 28 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.81% |
| Launch date | 13/08/2018 |
Asset Allocation
| International Equities | 76.15% | |
| Property | 10.68% | |
| UK Equities | 6.87% | |
| International Bonds | 4.85% | |
| Cash and Equivalents | 1.45% |
Important Information
Source of portfolio data: Broadridge. 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. 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 report or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 76.15% | |
| Property | 10.68% | |
| UK Equities | 6.87% | |
| International Bonds | 4.85% | |
| Cash and Equivalents | 1.45% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Utilities | 44.83% | - | - | - | |
| Utilities | - | 44.83% | - | - | |
| Electricity | - | - | 30.31% | - | |
| Conventional Electricity | - | - | - | 27.07% | |
| Alternative Electricity | - | - | - | 3.23% | |
| Gas, Water & Multi-utilities | - | - | 14.52% | - | |
| Water | - | - | - | 6.17% | |
| Multi-Utilities | - | - | - | 6.00% | |
| Gas Distribution | - | - | - | 2.36% | |
| Energy | 22.48% | - | - | - | |
| Energy | - | 22.48% | - | - | |
| Non-Renewable Energy | - | - | 22.48% | - | |
| Pipelines | - | - | - | 22.48% | |
| Industrials | 14.33% | - | - | - | |
| Construction & Materials | - | 8.36% | - | - | |
| Construction & Materials | - | - | 8.36% | - | |
| Construction | - | - | - | 8.36% | |
| Industrial Goods & Services | - | 5.98% | - | - | |
| Industrial Transportation | - | - | 5.98% | - | |
| Delivery Services | - | - | - | 3.20% | |
| Transportation Services | - | - | - | 1.74% | |
| Marine Transportation | - | - | - | 1.04% | |
| Real Estate | 10.68% | - | - | - | |
| Real Estate | - | 10.68% | - | - | |
| Real Estate Investment Trusts | - | - | 10.68% | - | |
| Health Care REITs | - | - | - | 10.68% | |
| Bonds | 4.85% | - | - | - | |
| Cash and Equivalents | 1.45% | - | - | - | |
| Telecommunications | 1.38% | - | - | - | |
| Telecommunications | - | 1.38% | - | - | |
| Telecommunications Service Providers | - | - | 1.38% | - | |
| Telecommunications Services | - | - | - | 1.38% | |
Regional Allocation
| Developed Europe - Excl UK | 40.07% | |
| North America | 39.20% | |
| Property | 10.68% | |
| UK | 6.87% | |
| Emerging Asia | 1.74% | |
| Cash and Equivalents | 1.45% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 93.70% | |
| Euro | 4.85% | |
| Cash | 1.45% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 40.07% | - | |
France
|
- | 21.68% | |
Italy
|
- | 8.89% | |
Finland
|
- | 4.09% | |
Germany
|
- | 3.20% | |
Belgium
|
- | 1.38% | |
Spain
|
- | 0.83% | |
| North America | 39.20% | - | |
United States
|
- | 35.08% | |
Canada
|
- | 4.12% | |
| Property | 10.68% | - | |
| UK | 6.87% | - | |
United Kingdom
|
- | 6.87% | |
| Emerging Asia | 1.74% | - | |
China
|
- | 1.74% | |
| Cash and Equivalents | 1.45% | - | |
Breakdown By Market Cap (%)
| Mega |
|
27.45% |
| Large |
|
33.64% |
| Medium |
|
18.77% |
| Non-Classified |
|
13.84% |
| Bonds |
|
4.85% |
| Cash |
|
1.45% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | HESS MIDSTREAM LP | 6.83% | Non-Renewable Energy | United States |
| 2 | ENEL - SPA | 6.53% | Electricity | Italy |
| 3 | ONEOK | 6.49% | Non-Renewable Energy | United States |
| 4 | HEALTHPEAK PROPERTIES | 6.20% | Real Estate Investment Trusts | Direct Property and REITs |
| 5 | ENGIE | 6.00% | Gas, Water & Multi-utilities | France |
| 6 | BOUYGUES | 5.05% | Construction & Materials | France |
| 7 | ORANGE | 4.85% | Telecommunications Service Providers | France |
| 8 | Omega Healthcare Investors Omega Healthcare Investors, Inc USD0.10 | 4.48% | Real Estate Investment Trusts | Direct Property and REITs |
| 9 | ANTERO MIDSTREAM CORP | 4.22% | Non-Renewable Energy | United States |
| 10 | ENBRIDGE | 4.12% | Non-Renewable Energy | Canada |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Telecommunications | - | 1.38% | - | 4.85% | - | - | - | - | 6.23% |
| Real Estate | - | - | - | - | - | 10.68% | - | - | 10.68% |
| Energy | - | 22.48% | - | - | - | - | - | - | 22.48% |
| Utilities | 6.87% | 37.96% | - | - | - | - | - | - | 44.83% |
| Industrials | - | 14.33% | - | - | - | - | - | - | 14.33% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.45% | 1.45% |
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 | BDR8GH6 |
| Mex Code | - |
| Isin Code | GB00BDR8GH68 |
| Citi Code | PDHO |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.81% |
Aims and Benchmark
| Aims | The Sub-Fund aims to maximise total returns from income and capital growth by gaining exposure to companies located worldwide that are engaged in infrastructure and related operations. |
| Benchmark | S&P Global Infrastructure NR |
| Benchmark Category | - |
| IA Sector | Unclassified |
Fund Background
| Valuation frequency | Daily |
| Valuation point | - |
| Fund type | ICVC |
| 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) |
|---|---|
| 02 January | 28 February |
| 03 April | 31 May |
| 03 July | 31 August |
| 02 October | 30 November |
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 | BNY Mellon Trust Company (Ireland) Limited |
| Fund Administrator | BNY Mellon Fund Services (Ireland) Ltd |
| Fund Registrar | BNY Mellon Fund Services (Ireland) Ltd |
| Fund Custodian | BNY Mellon Trust Company (Ireland) Limited |
Group Details
| Group name | BNY Mellon Fund Management (Luxembourg) S.A. |
| Group address | BNY Mellon Asset Management International Limited The Bank of New York Mellon Centre 160 Queen Victoria Street London EC4V 4LA United Kingdom |
| Group telephone | 0500 66 00 00 |
| Dealing telephone | - |
| - | |
| Homepage | www.bnymellonam.com |
| Fax number | - |
Dealing
| Minimum Investment | £10000000 |
| Minimum Top Up | £0 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 4 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
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.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 12.23 |
| Beta | 0.91 |
| Sharpe | 1.37 |
| Standard Deviation | 10.55 |
| Info Ratio | 1.87 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | Yes |
| Concentrated Portfolio | Yes |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| Sector Specific | Yes |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilities | Yes |
| New Fund | Yes |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| 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).
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Concentrated Portfolio
The fund may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
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.
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.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
New Fund
The charges and expenses may make up a higher proportion of a newly launched fund than initially estimated.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
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. 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 report or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund Performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. 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 report 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.