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
October 2020

8.77%*

The fund pays distributions

Quarterly

Indicative dividend
yield at 31 October 2020

3.97%

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 September 2020*

$12,331

Growth of $10,000

For the 5 years to October 2020, you would be up 23.31%*

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% as at 31 Oct 2020
American Tower Corp ASpecialized REITs9.50%
Crown Castle Intl CorpSpecialized REITs6.60%
Enbridge IncOil & Gas transportation5.63%
National Grid PLC OrdMulti-Utilities4.50%
Vinci OrdConstruction & Engineering4.05%
TC Energy CorporationOil & Gas transportation3.75%
Sempra EnergyMulti-Utilities3.67%
SBA Communications CorpSpecialized REITs3.29%
Eversource EnergyElectric Utilities3.02%
American Water Works Co IncWater Utilities2.75%
Consolidated Edison IncMulti-Utilities2.66%
Transurban Group StapledHighways & Railtracks2.62%
Cellnex Telecom SA OrdTelecommunication Networks2.54%
The Williams Companies IncOil & Gas transportation2.36%
Kinder Morgan IncOil & Gas transportation2.34%
Edison IntlElectric Utilities2.14%
Fortis IncElectric Utilities1.85%
Hong Kong and China Gas Co LtdGas Utilities1.55%
ONEOK IncOil & Gas transportation1.30%
Centerpoint Energy IncMulti-Utilities1.17%
Pembina Pipeline CorporationOil & Gas transportation1.16%
Atmos Energy CorpGas Utilities1.15%
Cheniere Energy IncOil & Gas transportation1.11%
Ferrovial SA OrdConstruction & Engineering1.10%
Snam SpAGas Utilities1.04%
Aena SME SA OrdAirport Services1.00%
ENN Energy Holdings LtdGas Utilities0.98%
Terna SpAElectric Utilities0.96%
Essential Utilities IncWater Utilities0.92%
Nisource IncMulti-Utilities0.88%
APA Group StapledGas Utilities0.88%
Tokyo Gas CoGas Utilities0.84%
Atlantia SpA OrdHighways & Railtracks0.78%
Red Electrica Corporacion SAElectric Utilities0.77%
United Utilities Group PLC OrdWater Utilities0.77%
Severn Trent PLC OrdWater Utilities0.76%
China Tower Corporation Ltd - H SharesTelecommunication Networks0.74%
Hydro One LimitedElectric Utilities0.67%
China Gas Holdings LtdGas Utilities0.62%
Getlink SE OrdHighways & Railtracks0.59%
Auckland International AirportAirport Services0.57%
Pennon Group PlcWater Utilities0.55%
Enagas SA OrdGas Utilities0.54%
Toho Gas CoGas Utilities0.52%
Sydney AirportAirport Services0.51%
HICL Infrastructure Co Ltd0.43%
Atlas Arteria ORDHighways & Railtracks0.38%
Inter Pipeline LtdOil & Gas transportation0.38%
Targa Resources CorpOil & Gas transportation0.37%
Southwest Gas Holdings, IncGas Utilities0.37%
ONE Gas IncGas Utilities0.37%
National Fuel GasGas Utilities0.36%
INWIT - Infrastrutture Wireless SpaTelecommunication Networks0.36%
Vopak NVOil & Gas transportation0.35%
Elia Group OrdElectric Utilities0.33%
Grupo Aeroportuario del PacificoAirport Services0.33%
Keyera CorpOil & Gas transportation0.32%
SES SACables & Satellites0.30%
Cash & Cash Equivalents0.30%
China Resources Gas Group LtdGas Utilities0.29%
Japan Airport Terminal CoAirport Services0.29%
Spire IncGas Utilities0.29%
Italgas SpAGas Utilities0.28%
New Jersey Resources CorpGas Utilities0.28%
American States Water CoWater Utilities0.28%
Northwestern CorpMulti-Utilities0.27%
ADP PromessesAirport Services0.26%
Ausnet Services LimitedElectric Utilities0.26%
Cia de Saneamento Basico Es de S Paulo ADRWater Utilities0.25%
Flughafen Zurich AGAirport Services0.25%
Spark Infrastructure GroupElectric Utilities0.24%
3i Infrastructure Plc0.24%
Grupo Aeroportuario del Sureste SAB de CV B ADRAirport Services0.23%
California Water Services GroupWater Utilities0.22%
Kunlun Energy Co. LtdGas Utilities0.22%
Gibson Energy IncOil & Gas transportation0.22%
Beijing Enterprises Water Group LtdWater Utilities0.18%
Brookfield Infrastructure Corporation Class AGas Utilities0.17%
Eutelsat Communications SACables & Satellites0.17%
Antero Midstream CorpOil & Gas transportation0.17%
Chesapeake Utilities CorpGas Utilities0.16%
SJW GroupWater Utilities0.16%
Grupo Aeroportuario Cen-AdrAirport Services0.16%
Beijing Enterprises Holdings LtdGas Utilities0.15%
Port of TaurangaMarine Ports & Services0.15%
China Merchants Port Holdings Co LtdMarine Ports & Services0.14%
Northwest Natural Holding CoGas Utilities0.14%
Jiangsu Expressway Co Ltd H SharesHighways & Railtracks0.13%
Fraport AGAirport Services0.13%
ASTM SpAHighways & Railtracks0.11%
Zhejiang Expressway Co. Ltd. - H SharesHighways & Railtracks0.09%
Acea Spa OrdMulti-Utilities0.09%
Beijing Capital International Airport Co. Ltd. - H SharesAirport Services0.08%
COSCO SHIPPING Ports LtdMarine Ports & Services0.08%
Enlink Midstream LLCOil & Gas transportation0.07%
Hutchison Port Holdings TrustMarine Ports & Services0.07%
Fjordkraft Holding ASAElectric Utilities0.07%
Shenzhen Expressway Co Ltd H SharesHighways & Railtracks0.06%
UNITIL CorpMulti-Utilities0.05%
China Water Affairs Group LtdWater Utilities0.05%
Yuexiu Transport Infrastructure LtdHighways & Railtracks0.04%
Westshore Terminals Investment CorpMarine Ports & Services0.03%
Towngas China Co. LtdGas Utilities0.03%
Hamburger Hafen und Logistik AG OrdMarine Ports & Services0.03%
CorEnergy Infrastructure Trust, IncSpecialized REITs0.01%

Returns

Since Inception

N/A

3 months

-4.35%

1 year 

-14.11%

5 years

4.28%

p.a

10 years

8.77%

p.a

*Returns are as at 31 October 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 Fund Update.

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% as at 31 Oct 2020
American Tower Corp ASpecialized REITs9.50%
Crown Castle Intl CorpSpecialized REITs6.60%
Enbridge IncOil & Gas transportation5.63%
National Grid PLC OrdMulti-Utilities4.50%
Vinci OrdConstruction & Engineering4.05%
TC Energy CorporationOil & Gas transportation3.75%
Sempra EnergyMulti-Utilities3.67%
SBA Communications CorpSpecialized REITs3.29%
Eversource EnergyElectric Utilities3.02%
American Water Works Co IncWater Utilities2.75%
Consolidated Edison IncMulti-Utilities2.66%
Transurban Group StapledHighways & Railtracks2.62%
Cellnex Telecom SA OrdTelecommunication Networks2.54%
The Williams Companies IncOil & Gas transportation2.36%
Kinder Morgan IncOil & Gas transportation2.34%
Edison IntlElectric Utilities2.14%
Fortis IncElectric Utilities1.85%
Hong Kong and China Gas Co LtdGas Utilities1.55%
ONEOK IncOil & Gas transportation1.30%
Centerpoint Energy IncMulti-Utilities1.17%
Pembina Pipeline CorporationOil & Gas transportation1.16%
Atmos Energy CorpGas Utilities1.15%
Cheniere Energy IncOil & Gas transportation1.11%
Ferrovial SA OrdConstruction & Engineering1.10%
Snam SpAGas Utilities1.04%
Aena SME SA OrdAirport Services1.00%
ENN Energy Holdings LtdGas Utilities0.98%
Terna SpAElectric Utilities0.96%
Essential Utilities IncWater Utilities0.92%
Nisource IncMulti-Utilities0.88%
APA Group StapledGas Utilities0.88%
Tokyo Gas CoGas Utilities0.84%
Atlantia SpA OrdHighways & Railtracks0.78%
Red Electrica Corporacion SAElectric Utilities0.77%
United Utilities Group PLC OrdWater Utilities0.77%
Severn Trent PLC OrdWater Utilities0.76%
China Tower Corporation Ltd - H SharesTelecommunication Networks0.74%
Hydro One LimitedElectric Utilities0.67%
China Gas Holdings LtdGas Utilities0.62%
Getlink SE OrdHighways & Railtracks0.59%
Auckland International AirportAirport Services0.57%
Pennon Group PlcWater Utilities0.55%
Enagas SA OrdGas Utilities0.54%
Toho Gas CoGas Utilities0.52%
Sydney AirportAirport Services0.51%
HICL Infrastructure Co Ltd0.43%
Atlas Arteria ORDHighways & Railtracks0.38%
Inter Pipeline LtdOil & Gas transportation0.38%
Targa Resources CorpOil & Gas transportation0.37%
Southwest Gas Holdings, IncGas Utilities0.37%
ONE Gas IncGas Utilities0.37%
National Fuel GasGas Utilities0.36%
INWIT - Infrastrutture Wireless SpaTelecommunication Networks0.36%
Vopak NVOil & Gas transportation0.35%
Elia Group OrdElectric Utilities0.33%
Grupo Aeroportuario del PacificoAirport Services0.33%
Keyera CorpOil & Gas transportation0.32%
SES SACables & Satellites0.30%
Cash & Cash Equivalents0.30%
China Resources Gas Group LtdGas Utilities0.29%
Japan Airport Terminal CoAirport Services0.29%
Spire IncGas Utilities0.29%
Italgas SpAGas Utilities0.28%
New Jersey Resources CorpGas Utilities0.28%
American States Water CoWater Utilities0.28%
Northwestern CorpMulti-Utilities0.27%
ADP PromessesAirport Services0.26%
Ausnet Services LimitedElectric Utilities0.26%
Cia de Saneamento Basico Es de S Paulo ADRWater Utilities0.25%
Flughafen Zurich AGAirport Services0.25%
Spark Infrastructure GroupElectric Utilities0.24%
3i Infrastructure Plc0.24%
Grupo Aeroportuario del Sureste SAB de CV B ADRAirport Services0.23%
California Water Services GroupWater Utilities0.22%
Kunlun Energy Co. LtdGas Utilities0.22%
Gibson Energy IncOil & Gas transportation0.22%
Beijing Enterprises Water Group LtdWater Utilities0.18%
Brookfield Infrastructure Corporation Class AGas Utilities0.17%
Eutelsat Communications SACables & Satellites0.17%
Antero Midstream CorpOil & Gas transportation0.17%
Chesapeake Utilities CorpGas Utilities0.16%
SJW GroupWater Utilities0.16%
Grupo Aeroportuario Cen-AdrAirport Services0.16%
Beijing Enterprises Holdings LtdGas Utilities0.15%
Port of TaurangaMarine Ports & Services0.15%
China Merchants Port Holdings Co LtdMarine Ports & Services0.14%
Northwest Natural Holding CoGas Utilities0.14%
Jiangsu Expressway Co Ltd H SharesHighways & Railtracks0.13%
Fraport AGAirport Services0.13%
ASTM SpAHighways & Railtracks0.11%
Zhejiang Expressway Co. Ltd. - H SharesHighways & Railtracks0.09%
Acea Spa OrdMulti-Utilities0.09%
Beijing Capital International Airport Co. Ltd. - H SharesAirport Services0.08%
COSCO SHIPPING Ports LtdMarine Ports & Services0.08%
Enlink Midstream LLCOil & Gas transportation0.07%
Hutchison Port Holdings TrustMarine Ports & Services0.07%
Fjordkraft Holding ASAElectric Utilities0.07%
Shenzhen Expressway Co Ltd H SharesHighways & Railtracks0.06%
UNITIL CorpMulti-Utilities0.05%
China Water Affairs Group LtdWater Utilities0.05%
Yuexiu Transport Infrastructure LtdHighways & Railtracks0.04%
Westshore Terminals Investment CorpMarine Ports & Services0.03%
Towngas China Co. LtdGas Utilities0.03%
Hamburger Hafen und Logistik AG OrdMarine Ports & Services0.03%
CorEnergy Infrastructure Trust, IncSpecialized REITs0.01%
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