Portfolio
Providing investors access to institutional infrastructure.
Composition
The Fund pursues its investment objectives by strategically investing in private institutional infrastructure investment funds as well as publicly traded infrastructure securities.1
Portfolio Composition
(As of October 11, 2023)
Seeking diversification across asset type, geography and infrastructure type.Asset Type2
- Public Infrastructure Securities 75.90%
- Cash & Cash Equivalents 14.78%
- Private Infrastructure 9.32%
Geography3
- United States 81.33%
- Canada 9.16%
- United Kingdom 4.04%
- Germany 1.22%
- Israel 1.19%
- Spain 1.04%
- Mexico 0.83%
- Italy 0.72%
- Brazil 0.47%
Infrastructure Type3
- Electric Utilities 25.99%
- Energy Infrastructure 20.02%
- Independent Power & Renewables 14.35%
- Digital Infrastructure 13.01%
- Multi-Utilities 8.85%
- Ground Transportation 6.25%
- Semiconductors & Semi Equipment 2.95%
- Machinery 2.75%
- Commercial Services & Supply 2.13%
- Other 3.70%
Portfolio Holdings and Diversification
(As of October 11, 2023)
Top Holdings*
| Investment | Infrastructure Type | Asset Type | Weighting2 | |
|---|---|---|---|---|
| 1 | DigitalBridge Credit (Onshore), L.P. | Private Infrastructure Funds | Digital Infrastructure - Debt | 6.54% |
| 2 | NextEra Energy, Inc. | Public Infrastructure Securities | Utilities | 4.63% |
| 3 | Constellation Energy Corp. | Public Infrastructure Securities | Utilities | 4.19% |
| 4 | Vistra Energy Corp. | Public Infrastructure Securities | Utilities | 3.86% |
| 5 | Cheniere Energy, Inc. | Public Infrastructure Securities | Energy | 3.07% |
| 6 | Southern Co. | Public Infrastructure Securities | Utilities | 3.02% |
| 7 | NRG Energy Inc. | Public Infrastructure Securities | Utilities | 2.95% |
| 8 | IPCC Fund, L.P. | Private Infrastructure Funds | Energy Transition - Debt | 2.78% |
| 9 | Schlumberger Ltd. | Public Infrastructure Securities | Energy | 2.74% |
| 10 | Canadian Pacific Railway Ltd. | Public Infrastructure Securities | Industrials | 2.74% |
*The top holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of areas in which the Fund may invest and may not be representative of the Fund's current or future investments. Portfolio holdings are subject to change and should not be considered investment advice.
1 Under normal market conditions and once the Fund reaches scale, the Adviser and Sub-Adviser intend to pursue the investments described.
2 As a percent of total assets.
3 As a percent of invested assets. Excludes cash and cash equivalents.
1 As a percent of invested assets. Allocations are subject to change.