Post on 09-Jul-2020
1VT UK Infrastructure Income Fund
The VT UK Infrastructure Income Fund is the only open ended infrastructure fund to invest exclusively in the UK. The fund aims to deliver a regular income, paid quarterly, of 5% per annum1, by investing in Equities, Funds and Bonds all of which are listed on the London Stock Exchange.
Investment objectives • Todeliveraregularincomeexpectedtobe5%perannum1
• Topreserveinvestors’capitalthroughoutmarketcycleswiththepotentialforcapitalgrowthandprotectionfrominflation
• ToprovideinvestorswithexposuretotheUKlistedinfrastructuresector
• ToofferinvestorsexposuretoasectorthatisavitalpartoftheUKeconomyandisincreasinglybecomingakeycomponentinanywell-balancedinvestmentportfolio
Typical InvestmentsThefundidentifiesandinvestsincompanieswhichownassetswhichwillalwaysmattertooureconomysuchas:
• Hospitals,schools,firestations
• Powerandwater,ports&airports
• Solarandwindrenewableenergy
• GPsurgeriesandstudentaccommodation
Thefunddoesn’tgambleonnewtechnologyorexcitingnewventures,itstickstoinvestmentsincompanieswhichareratherdullbuthighlydependable.
Performance chartShareclass:CGBPAcc[25/1/16–30/6/16]
Fund structure UKUCITSVOEIC
Regulatory Status FCAAuthorised
Sector IASpecialist
Share classes IncomeandAccumulation
Currencies GBP,Euro,USD
Charges 0.75%
Minimum investment
£1,000
Suitable for: DirectinvestorsSIPPsISAsCharitiesOffshorebondsCompaniesQROPS
Dividends PaidQuarterly
Fund Volatility 5.9%
MSCI UK3 Volatility 20.6%
Fund size £32.655m2
VT UK Infrastructure Income FundFactsheet
Over the last 20 years the British Government has encouraged the private sector to build new infrastructure projects for the benefit of all who live in the UK. In return, the UK Government is committed to pay for these projects over the long term, similar to a mortgage.
The fund manager identifies the companies which own these assets and collects the dividend payments which accrue. Typically, many of the dividends are linked to inflation, providing some protection for the future.
1–perannumbyreferencetoitslaunchpriceof£1.00perunit,payablequarterly,twomonthsinarrears2–asat30June20163–MSCIUKindexisdesignedtomeasuretheperformanceofthelargeandmid-capsegmentsoftheUKmarket.
With114constituents,theindexcoversapproximately85%ofthefreefloat-adjustedmarketcapitalizationintheUK.
90%Feb 16 Mar 16
C Acc total returnMSCI UK (Net dividends reinvested)
Apr 16 May 16 Jun 16 Jul 16
100%
110%
120%
2VT UK Infrastructure Income Fund
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Portfolio
Sample holdings
PFI/PPP 14%
Electricity & water 24%
Solar 19%
Contractors 8%
Wind 10%
Health 11%
Other 8%
Transport 6%
Sources of income on 30 June 2016
REITs 12%
Funds 68%
Equity 12%
Finxed Income 8%
Allocations on 30 June 2016
Fund AdviserTheFundisadvisedbyStephenWestofGCPLLP.Stephenspent20yearsintheCityworkingintheglobalcreditmarkets,primarilyatUBSwherehewasglobalheadofcredittrading,underwriting,salesandresearch.Inthisrolehewasresponsibleforover$400billioninassets.GCPmanageinfrastructureassetswithacombinedvalueofover£1bn.
Press comment“ Every so often I come across an idea so smart, yet so simple, that it makes me wonder why no one has had it before. The VT UK Infrastructure Income fund is one such idea. It enables you to invest across the whole infrastructure arena via just one fund.”
DavidStevenson,MoneyWeek,January2016
VT UK Infrastructure Income FundFactsheet