Portfolio
Providing investors access to institutional infrastructure.
Composition
Portfolio Composition
(As of July 31, 2024)
Seeking diversification across asset type, geography and infrastructure type.Asset Type
- Public Infrastructure Securities 55.52%
- Private Infrastructure 31.86%
- Cash & Cash Equivalents 12.60%
Geography2
- United States 90.71%
- Canada 5.14%
- Germany 1.16%
- Spain 0.94%
- UK 0.88%
- Israel 0.50%
- Mexico 0.25%
- Italy 0.24%
- Brazil 0.18%
Infrastructure Type2
- Electric Utilities 31.79%
- Energy Infrastructure 24.21%
- Multi-Utilities 10.43%
- Independent Power & Renewables 8.74%
- Ground Transportation 7.09%
- Digital Infrastructure 6.21%
- Water Utilities 3.74%
- Machinery 2.24%
- Information Technology 1.97%
- Others 3.60%
Portfolio Holdings and Diversification
(As of July 31, 2024)
Top Holdings*
Investment | Infrastructure Type | Asset Type | % of Total Invested Assets3 | |
---|---|---|---|---|
1 | Blackstone Infrastructure Partners/Invenergy | Private | Energy - Equity | 14.65% |
2 | Peppertree Fund VIII | Private | Digital - Equity | 8.39% |
3 | NextEra Energy Inc. | Public | Utilities | 3.61% |
4 | Southern Co. | Public | Utilities | 3.14% |
5 | Williams Cos Inc. | Public | Energy | 3.03% |
6 | Cheniere Energy Inc. | Public | Energy | 3.02% |
7 | Irradiant Orchid Investors LP/Opus | Private | Energy - Debt | 2.94% |
8 | Vistra Energy Corp. | Public | Utilities | 2.60% |
9 | Constellation Energy Corp. | Public | Utilities | 2.49% |
10 | IPCC Fund L.P. | Private | Energy - Debt | 2.36% |
*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.