Maple-Brown Abbott Global Listed Infrastructure Fund

The Fund is an actively managed fund that invests in global listed infrastructure securities across regulated, contracted and concession assets or networks that provide essential services, with a focus on sustainability and ESG factors. These infrastructure assets typically deliver lower volatility and higher earnings stability as well as higher inflation protection compared with broader global equities. Generally, the securities in the portfolio have a market capitalisation greater than US$500 million.

Our investment approach is based on deep, fundamental analysis of infrastructure companies combined with a top-down approach to managing macro risks. We believe that if inflation protection and lower volatility are key investment objectives, then focusing on these characteristics must be central to the investment process. We consider potential investments from a strictly selected infrastructure Focus List of around 110 companies across more than 25 countries. The companies on the Focus List are those that we believe provide the strongest combination of inflation protection and low volatility.

We utilise a high conviction approach to ensure that the strongest company views are included in the portfolio. As a result, a portfolio of 25–35 securities is constructed, diversified by country and sector, at any one time.

Investment objective

The Fund aims to outperform an accumulation index, maintained daily by us, comprised of the OECD Total Inflation Index plus 5.5% per annum, after fees, over a five-year period.

Fund facts
Inception date18/12/2012Distribution frequencyQuarterly
BenchmarkOECD Total Inflation Index + 5.5% p.aMinimum initial application$ 20,000
APIR codeMPL0006AU Management costs %0.98
Pricing frequency & cut-offDaily / 2pm Sydney time on a Business DayBuy/Sell spread %0.15/0.15

Fund benefits

Investment Expertise

The Fund is managed by a team of global listed infrastructure specialists with many years’ experience.

Investment growth and distributions

The Fund aims to deliver long term capital growth, along with the potential to receive quarterly distributions.

Broader investment opportunities

The Fund provides access to investment opportunities, markets and risk management techniques not generally available to individual investors.

Portfolio managers

Andrew Maple-Brown
Co-Founder & Managing Director, Global Listed Infrastructure
Justin Lannen
Co-Founder & Portfolio Manager, Global Listed Infrastructure
Steven Kempler
Co-Founder & Portfolio Manager, Global Listed Infrastructure

Fund performance^

as at 30/11/2021

1 mth %3 mths %1 yr % p.a.3 yrs % p.a.4 yrs % p.a.5 yrs % p.a.Since inception % p.a.*

^Past performance is not a reliable indicator of future performance. No warranty can be given for future performance. Returns are volatile and may fluctuate quickly and significantly. Total return is based on the movement in net asset value per unit plus distributions and is before tax and after all fees and charges. Imputation and foreign income tax offsets are not included in the performance figures. Source: Maple-Brown Abbott
*Inception date is 18 December 2012.

Unit price

as at 07/12/2021

Download unit price history
Redemption priceNet asset valueApplication price
$ 1.9770$ 1.9800$ 1.9830
DateCents per unitReinvestment priceDiv 12-H summaryTaxable component summary
30/09/20211.0000 ¢$ 1.8854

Forms & fund information

Fund ratings 


Zenith highly recommended rating logo
SQM Research outstanding rating logo
Lonsec Research Investment Grade 3

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned 03/2021) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at

The Lonsec rating issued 07/2021 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit for ratings information and to access the full report. © 2021 Lonsec. All rights reserved.

The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.

Proxy voting outcomes 

The table below shows how we have exercised our vote for global listed infrastructure securities held in the Maple-Brown Abbott Global Listed Infrastructure Fund for FY2021.

MeetingsResolutionsVoted ForVoted AgainstAbstained
Number 39534495390

The data above has been adjusted for shareholder sponsored resolutions. Of the 39 "against" votes, 44% related to Director elections, 26% related to shareholder rights, 15% related to corporate governance, 5% related to remuneration, 5% related to political expenditure transparency and 5% related to separation of CEO/Chair roles.

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