Since 2015, our Core Infrastructure Fund has delivered net annualised returns that exceed those of the Australian government 10-year bond. Our goal is to consistently outperform this benchmark. See important disclosures* regarding returns.
Overall performance since inception as at 30 June 2022.
*Performance to 30 June 2022 vs 10-year Australian Government bond rate plus 3.5 % per annum as benchmark. Past performance is not a reliable indicator of future performance and current performance may be higher or lower than the performance shown. Returns quoted are net of fees and costs and pre-tax. Performance since inception quoted here is based on the period from January 2016. Note the investment objective is not intended to be a forecast. It is merely an indication of what the Core Infrastructure Fund aims to achieve over the investment term. The Core Infrastructure Fund may not be successful in meeting this objective. Returns are not guaranteed.
Class A ‘core’ units are always open to qualified investors. Class B ‘co-invest’ units are opened periodically at the discretion of Invest Unlisted, and are only available in combination with Class A.
Get a copy of the Information Memorandum for more information about the different unit classes.
The Core Infrastructure Fund offers privileged access to a well-balanced blend of funds that specialise in unlisted infrastructure – plus we are now investing directly. Managing this pooled fund of 60 assets is 100% of what we do. The best part is, all in, our fees are lower than you would pay if you were able to invest in some of these funds directly. Here’s what we’re into at the moment:
We first selected UTA in May 2018 because of its rich collection of quality unlisted infrastructure assets and historically consistent returns. UTA is managed by Morrison & Co., a specialist fund manager with an outstanding track record and about $15 billion in funds under management. They have an impressive global team that includes specialists in transport infrastructure, energy and utilities, and data infrastructure.
We picked the GDIF Hedged Feeder Fund 2 in October 2016 for the same reason you’ll like it: because it’s global and it’s “hedged,” meaning no currency decisions for you. GDIF is managed by First Sentier Investors. They have $215 billion in assets under management (as of 30 June 2020) and a team of nearly 200 specialists around the globe. First Sentier has been into unlisted infrastructure since the privatisation of several Australian assets in the 1990s.
Our board gave us the go ahead to jump into this fund in March 2018 and we added the investment in June 2019. The fund was chosen to introduce a few more airports to our collection and top off our list with yields from a smart assortment of both contracted and regulated assets. It’s managed by AMP Capital, a global asset management firm with $189.9 billion under management (as of 30 June 2020).
In July 2019, The Infrastructure Fund (TIF), was added to Invest Unlisted Core to open us up to a more diversified range of unlisted assets, including airports in Queensland and a seaport in New South Wales. TIF is managed Gardior, an Australian trustee company that seeks to provide investors with access to infrastructure.
We added BSIP to the Core Infrastructure Fund portfolio in 2022. BSIP’s core infrastructure fund managed by Brookfield Asset Management focuses on transportation, telecommunication, power, renewable energy asset class.
CommIF invests in high-yielding infrastructure assets which create a positive impact on the community, such as hospitals, schools, and stadiums. We chose to add CommIF into the portfolio in 2022 because of its strong track record and high-quality 18-asset portfolio.
AusNet is an Australian energy company which owns and operates more than $11 billion of electricity and gas network assets and was added to the portfolio in March 2022.
FET is an electricity transmission network based in the USA and was added to the portfolio in April 2022.
We’ve also been rated ‘Superior’ by independent research house SQM Research. If you would like a copy of the full report, please contact us via the form.