Kernel Global Infrastructure

A globally diversified exposure to mostly infrastructure lines of business, e.g. utilities, storage and telecommunications infrastructure providing relatively stable cash flow and inflation hedging.

Tracks the Dow Jones Brookfield Global Infrastructure

Index

10 year p.a. return to
August 2020

9.30%*

The fund pays distributions

Quarterly

Indicative dividend
yield at 31 July 2020

3.93%

Fund Overview

Infrastructure is the backbone of modern societies, benefiting from guaranteed government contracts and limited competition. It follows that companies involved in this space have stable cash flows and are hedged against inflation. This fund provides exposure to global companies which derive at least 70% of their cash flows from infrastructure lines of business, which adds an element of reliability to a portfolio. Closely tied to economic growth, exposure to infrastructure can benefit investors long-term.

Fund Performance

We believe past performance should not be relied on to make an investment choice, so we strive to provide a range information to assist in making the best choice for your goals.

Range of Returns

The best and the worst 12 month returns in the 10 years to June 2020*

$12,714

Growth of $10,000

For the 5 years to June 2020, you would be up 27.1%*

Investment Objective

The fund is designed to provide global diversification and income generation.

*These are the gross index returns, not including fees or taxes.

Holdings

Transparency is key and we think you should know which companies you own within our Fund. There are currently 104 companies in the Fund, spread across 20 countries. You can find out more about constituent selection here.

CompanyIndustry% at 18 September 2020
American Tower Corp ASpecialized REITs9.91%
Crown Castle Intl CorpSpecialized REITs6.59%
Enbridge IncOil & Gas transportation6.06%
Vinci OrdConstruction & Engineering4.49%
TC Energy CorporationOil & Gas transportation4.23%
National Grid PLC OrdMulti-Utilities4.03%
Sempra EnergyMulti-Utilities3.41%
SBA Communications CorpSpecialized REITs3.40%
Transurban Group StapledHighways & Railtracks2.71%
Eversource EnergyElectric Utilities2.66%
Kinder Morgan IncOil & Gas transportation2.49%
The Williams Companies IncOil & Gas transportation2.47%
American Water Works Co IncWater Utilities2.46%
Consolidated Edison IncMulti-Utilities2.42%
Cellnex Telecom SA OrdTelecommunication Networks2.39%
Edison IntlElectric Utilities1.90%
Fortis IncElectric Utilities1.80%
Hong Kong and China Gas Co LtdGas Utilities1.56%
Ferrovial SA OrdConstruction & Engineering1.30%
Pembina Pipeline CorporationOil & Gas transportation1.24%
ONEOK IncOil & Gas transportation1.19%
Cheniere Energy IncOil & Gas transportation1.12%
Atmos Energy CorpGas Utilities1.10%
Snam SpAGas Utilities1.06%
Aena SME SA OrdAirport Services1.02%
Centerpoint Energy IncMulti-Utilities1.00%
Terna SpAElectric Utilities0.97%
Tokyo Gas CoGas Utilities0.89%
APA Group StapledGas Utilities0.86%
Essential Utilities IncWater Utilities0.84%
China Tower Corporation LtdTelecommunication Networks0.83%
Nisource IncMulti-Utilities0.81%
ENN Energy Holdings LtdGas Utilities0.81%
Atlantia SpA OrdHighways & Railtracks0.80%
Red Electrica Corporacion SAElectric Utilities0.80%
United Utilities Group PLC OrdWater Utilities0.75%
Severn Trent PLC OrdWater Utilities0.73%
Hydro One LimitedElectric Utilities0.61%
Getlink SE OrdHighways & Railtracks0.60%
Enagas SA OrdGas Utilities0.57%
Auckland International AirportAirport Services0.55%
Pennon Group PlcWater Utilities0.55%
China Gas Holdings LtdGas Utilities0.53%
Sydney AirportAirport Services0.51%
Atlas Arteria ORDHighways & Railtracks0.44%
Inter Pipeline LtdOil & Gas transportation0.43%
HICL Infrastructure Co LtdOil & Gas transportation0.40%
China Resources Gas Group LtdGas Utilities0.37%
Toho Gas CoGas Utilities0.37%
Vopak NVOil & Gas transportation0.37%
National Fuel GasGas Utilities0.36%
Japan Airport Terminal CoAirport Services0.35%
INWIT - Infrastrutture Wireless SpaTelecommunication Networks0.35%
Targa Resources CorpOil & Gas transportation0.34%
ONE Gas IncGas Utilities0.34%
Southwest Gas Holdings, IncGas Utilities0.33%
Keyera CorpOil & Gas transportation0.33%
Elia Group OrdElectric Utilities0.33%
Italgas SpAGas Utilities0.30%
Cia de Saneamento BasicoWater Utilities0.29%
Grupo Aeroportuario del PacificoAirport Services0.29%
Kunlun Energy Co. LtdGas Utilities0.27%
SES SACables & Satellites0.26%
ADP PromessesAirport Services0.26%
Flughafen Zurich AGAirport Services0.26%
Gibson Energy IncOil & Gas transportation0.26%
Spire IncGas Utilities0.26%
Spark Infrastructure GroupElectric Utilities0.25%
New Jersey Resources CorpGas Utilities0.25%
American States Water CoWater Utilities0.25%
Ausnet Services LimitedElectric Utilities0.24%
Northwestern CorpMulti-Utilities0.24%
3i Infrastructure PlcMulti-Utilities0.22%
Grupo Aeroportuario del SuresteAirport Services0.21%
California Water Services GroupWater Utilities0.20%
Beijing Enterprises Water Group LtdWater Utilities0.19%
China Merchants Port Holdings Co LtdMarine Ports & Services0.17%
Brookfield Infrastructure Corporation Class AGas Utilities0.17%
Eutelsat Communications SACables & Satellites0.17%
Grupo Aeroportuario Cen-AdrAirport Services0.15%
Fraport AGAirport Services0.15%
SJW GroupWater Utilities0.15%
Port of TaurangaMarine Ports & Services0.15%
Antero Midstream CorpOil & Gas transportation0.15%
Northwest Natural Holding CoGas Utilities0.13%
ASTM SpAHighways & Railtracks0.13%
Beijing Enterprises Holdings LtdGas Utilities0.13%
Chesapeake Utilities CorpGas Utilities0.12%
Zhejiang Expressway Co. Ltd. - H SharesHighways & Railtracks0.11%
Beijing Capital International AirportAirport Services0.10%
Acea Spa OrdMulti-Utilities0.08%
COSCO SHIPPING Ports LtdMarine Ports & Services0.08%
Jiangsu Expressway Co Ltd H SharesHighways & Railtracks0.08%
Hutchison Port Holdings TrustMarine Ports & Services0.08%
Fjordkraft Holding ASAElectric Utilities0.07%
Shenzhen Expressway Co Ltd H SharesHighways & Railtracks0.07%
Enlink Midstream LLCOil & Gas transportation0.07%
China Water Affairs Group LtdWater Utilities0.06%
UNITIL CorpMulti-Utilities0.06%
Yuexiu Transport Infrastructure LtdHighways & Railtracks0.05%
Westshore Terminals Investment CorpMarine Ports & Services0.05%
Hamburger Hafen und Logistik AG OrdMarine Ports & Services0.03%
Towngas China Co. LtdGas Utilities0.03%
CorEnergy Infrastructure Trust, IncSpecialized REITs0.01%

Returns

Since Inception

N/A

3 months

8.18%

1 year 

-12.12%

5 years

3.93%

p.a

10 years

9.30%

p.a

*Returns are as at 31 August 2020. See our full performance disclaimer for more details.

Risk and Returns

The risk indicator reflects how much the value of the Fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. The lowest risk rating doesn’t mean “risk-free” and this risk indicator is not a guarantee of a Fund’s future performance. For more information, read our monthly fact sheet or the PDS.

Group 53 (1)

Want exposure to a stable source of cash flows?

You may also call us on 0800 537 635 during 9am-5pm weekdays.

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Copyright 2020 – Kernel Wealth Limited 

Indices provided by: 

CompanyIndustry% at 18 September 2020
American Tower Corp ASpecialized REITs9.91%
Crown Castle Intl CorpSpecialized REITs6.59%
Enbridge IncOil & Gas transportation6.06%
Vinci OrdConstruction & Engineering4.49%
TC Energy CorporationOil & Gas transportation4.23%
National Grid PLC OrdMulti-Utilities4.03%
Sempra EnergyMulti-Utilities3.41%
SBA Communications CorpSpecialized REITs3.40%
Transurban Group StapledHighways & Railtracks2.71%
Eversource EnergyElectric Utilities2.66%
Kinder Morgan IncOil & Gas transportation2.49%
The Williams Companies IncOil & Gas transportation2.47%
American Water Works Co IncWater Utilities2.46%
Consolidated Edison IncMulti-Utilities2.42%
Cellnex Telecom SA OrdTelecommunication Networks2.39%
Edison IntlElectric Utilities1.90%
Fortis IncElectric Utilities1.80%
Hong Kong and China Gas Co LtdGas Utilities1.56%
Ferrovial SA OrdConstruction & Engineering1.30%
Pembina Pipeline CorporationOil & Gas transportation1.24%
ONEOK IncOil & Gas transportation1.19%
Cheniere Energy IncOil & Gas transportation1.12%
Atmos Energy CorpGas Utilities1.10%
Snam SpAGas Utilities1.06%
Aena SME SA OrdAirport Services1.02%
Centerpoint Energy IncMulti-Utilities1.00%
Terna SpAElectric Utilities0.97%
Tokyo Gas CoGas Utilities0.89%
APA Group StapledGas Utilities0.86%
Essential Utilities IncWater Utilities0.84%
China Tower Corporation LtdTelecommunication Networks0.83%
Nisource IncMulti-Utilities0.81%
ENN Energy Holdings LtdGas Utilities0.81%
Atlantia SpA OrdHighways & Railtracks0.80%
Red Electrica Corporacion SAElectric Utilities0.80%
United Utilities Group PLC OrdWater Utilities0.75%
Severn Trent PLC OrdWater Utilities0.73%
Hydro One LimitedElectric Utilities0.61%
Getlink SE OrdHighways & Railtracks0.60%
Enagas SA OrdGas Utilities0.57%
Auckland International AirportAirport Services0.55%
Pennon Group PlcWater Utilities0.55%
China Gas Holdings LtdGas Utilities0.53%
Sydney AirportAirport Services0.51%
Atlas Arteria ORDHighways & Railtracks0.44%
Inter Pipeline LtdOil & Gas transportation0.43%
HICL Infrastructure Co LtdOil & Gas transportation0.40%
China Resources Gas Group LtdGas Utilities0.37%
Toho Gas CoGas Utilities0.37%
Vopak NVOil & Gas transportation0.37%
National Fuel GasGas Utilities0.36%
Japan Airport Terminal CoAirport Services0.35%
INWIT - Infrastrutture Wireless SpaTelecommunication Networks0.35%
Targa Resources CorpOil & Gas transportation0.34%
ONE Gas IncGas Utilities0.34%
Southwest Gas Holdings, IncGas Utilities0.33%
Keyera CorpOil & Gas transportation0.33%
Elia Group OrdElectric Utilities0.33%
Italgas SpAGas Utilities0.30%
Cia de Saneamento BasicoWater Utilities0.29%
Grupo Aeroportuario del PacificoAirport Services0.29%
Kunlun Energy Co. LtdGas Utilities0.27%
SES SACables & Satellites0.26%
ADP PromessesAirport Services0.26%
Flughafen Zurich AGAirport Services0.26%
Gibson Energy IncOil & Gas transportation0.26%
Spire IncGas Utilities0.26%
Spark Infrastructure GroupElectric Utilities0.25%
New Jersey Resources CorpGas Utilities0.25%
American States Water CoWater Utilities0.25%
Ausnet Services LimitedElectric Utilities0.24%
Northwestern CorpMulti-Utilities0.24%
3i Infrastructure PlcMulti-Utilities0.22%
Grupo Aeroportuario del SuresteAirport Services0.21%
California Water Services GroupWater Utilities0.20%
Beijing Enterprises Water Group LtdWater Utilities0.19%
China Merchants Port Holdings Co LtdMarine Ports & Services0.17%
Brookfield Infrastructure Corporation Class AGas Utilities0.17%
Eutelsat Communications SACables & Satellites0.17%
Grupo Aeroportuario Cen-AdrAirport Services0.15%
Fraport AGAirport Services0.15%
SJW GroupWater Utilities0.15%
Port of TaurangaMarine Ports & Services0.15%
Antero Midstream CorpOil & Gas transportation0.15%
Northwest Natural Holding CoGas Utilities0.13%
ASTM SpAHighways & Railtracks0.13%
Beijing Enterprises Holdings LtdGas Utilities0.13%
Chesapeake Utilities CorpGas Utilities0.12%
Zhejiang Expressway Co. Ltd. - H SharesHighways & Railtracks0.11%
Beijing Capital International AirportAirport Services0.10%
Acea Spa OrdMulti-Utilities0.08%
COSCO SHIPPING Ports LtdMarine Ports & Services0.08%
Jiangsu Expressway Co Ltd H SharesHighways & Railtracks0.08%
Hutchison Port Holdings TrustMarine Ports & Services0.08%
Fjordkraft Holding ASAElectric Utilities0.07%
Shenzhen Expressway Co Ltd H SharesHighways & Railtracks0.07%
Enlink Midstream LLCOil & Gas transportation0.07%
China Water Affairs Group LtdWater Utilities0.06%
UNITIL CorpMulti-Utilities0.06%
Yuexiu Transport Infrastructure LtdHighways & Railtracks0.05%
Westshore Terminals Investment CorpMarine Ports & Services0.05%
Hamburger Hafen und Logistik AG OrdMarine Ports & Services0.03%
Towngas China Co. LtdGas Utilities0.03%
CorEnergy Infrastructure Trust, IncSpecialized REITs0.01%
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