Maple-Brown Abbott Global Listed Infrastructure Fund

The Fund is an actively managed, high conviction fund that invests in global listed infrastructure equities with a focus on regulated, contracted and concession assets or networks that provide essential services. We believe that the benefits of investing in infrastructure overall is its ability to provide higher yield, inflation protection and portfolio diversification benefits to investors. Our Fund seeks to capture these attractive features but at a lower level of risk. The Fund typically holds between 25–35 stocks.

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 over rolling 5 year periods.

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

A dedicated, experienced, and focused team of infrastructure investors.

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 31/12/2020

1 mth %3 mths %1 yr % p.a.3 yrs % p.a.4 yrs % p.a.5 yrs % p.a.Since inception % p.a.*
Fund-3.72.1-13.12.62.95.511.5
Benchmark0.61.97.07.67.77.57.3
From
To

^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 21/01/2021

Download unit price history
Redemption priceNet asset valueApplication price
$ 1.6430$ 1.6455$ 1.6480
DateCents per unitReinvestment priceDiv 12-H summaryTaxable component summary
31/12/20201.0000 ¢1.6799 ¢

Forms & fund information

Fund ratings 

Rating/recommendation

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned 03/2020) 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 http://www.zenithpartners. com.au/RegulatoryGuidelines.

The Lonsec rating issued 08/2020 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 lonsec.com.au for ratings information and to access the full report. © 2020 Lonsec. All rights reserved.

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 FY2020.


MeetingsResolutionsVoted ForVoted AgainstAbstained
Number 37493450430
%1001009190

The data above has been adjusted for shareholder sponsored resolutions. Of the 43 "against" votes, 40% related to the election of a Director, 2% related to remuneration and 58% related to other governance.

Fees & costs

Management costs % p.a.Net transactional and operational costs % p.a*Buy/Sell spread %
0.980.060.15 / 0.15

* Transactional and operational costs vary year to year and represent the estimated costs from the fund’s investing activities. These are reflected in the unit price an impact the performance of the fund. These costs include brokerage, settlement costs, clearing costs, stamp duty and other taxes on an investment transaction. It also includes the difference between the price paid for purchasing securities and the price that would be payable if selling securities (i.e. bid/ask spread). These costs are net of the buy-sell spread recovery which is the amount charged to investors for applications and withdrawals. The transactional and operational costs are generally calculated each year based on the estimated costs incurred during the prior financial year ended 30 June, expressed as a percentage of the average fund net asset value, however the transactional and operational costs will also be recalculated when there is a significant change in net transactional and operational costs.

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