Macquarie International Infrastructure Securities Fund (Hedged)Exposure to global infrastructure assets

What the Macquarie International Infrastructure Securities Fund (Hedged) aims to offer

Potential for regular income distributions and capital growth

Stable cashflows offer the potential for long-term returns

Defensive growth

Aims to provide strong upside capture, significant downside protection

Macquarie approach

Leading infrastructure investor with a global platform

Fund facts
Investment objective The Fund aims to outperform the S&P Global Infrastructure Index (Net Total Return $A Hedged) (Benchmark) over the medium to long term (before fees). It aims to provide a return comprising both income and capital growth.
Benchmark S&P Global Infrastructure Index (Net Total Return $A Hedged)
Portfolio managers Jonathon Ong, Anthony Felton
Inception date 29 September 2005
Fund size $A356m (current as at 30 September 2018)
Management fee 1.00%pa of the net asset value of the Fund
Performance fee 0.00% pa of the net asset value of the Fund
Minimum investment $A20,000
Distribution frequency Generally quarterly
APIR code MAQ0432AU

Read the Product Disclosure Statement for more details on fees and expenses that may be charged.

An unhedged version of the Fund is also available.

Investment strategy

The Fund provides access to a global portfolio of listed infrastructure securities diversified across developed and emerging market countries and across a wide range of infrastructure sectors.

We believe that a systematic fundamentals-based approach to identifying long-term potential value in infrastructure companies will outperform the Benchmark over the medium to long term.

Our specialist investment team analyses infrastructure companies in depth to determine the quality, reliability and growth potential of the cashflows generated from their infrastructure assets.

Performance

Net returns as at 30 September 2018

 
Period 1m (%) 3m (%) 6m (%) 1y (%) 2y (%pa) 3y (%pa) 5y (%pa) Inception* (%pa)
Macquarie International Infrastructure Securities Fund** -1.66 -0.59 5.11 6.91 6.12 9.31
Benchmark*** -1.06 0.28 4.34 6.84 5.96 9.31

Download full report

Unhedged:

Past performance is not a reliable indicator of future performance.

* Inception date is 29 January 2014

** Total returns are calculated based on changes in net asset values and assumes the reinvestment of distributions. Total net returns are quoted after the deduction of all fees and expenses. Due to individual investor circumstances, your net returns may differ from the net returns quoted above.

*** Benchmark is the S&P Global Infrastructure Index (Net Total Return in $A).

Hedged

Net returns as at 30 September 2018

 
Period 1m (%) 3m (%) 6m (%) 1y (%) 2y (%pa) 3y (%pa) 5y (%pa) Inception* (%pa)
Macquarie International Infrastructure Securities Fund (Hedged)** -1.81 -2.44 -0.09 4.92 8.18 8.56 7.45
Benchmark*** -1.03 -1.50 -1.11 4.91 7.85 8.90 7.94

Download full report

Hedged:

Past performance is not a reliable indicator of future performance. Total returns are calculated based on changes in net asset values and assumes the reinvestment of distributions.

* Inception date is 29 September 2005

**Total net returns are quoted after the deduction of all fees and expenses. Due to individual investor circumstances, your net returns may differ from the net returns quoted above.

**Until 28 February 2011, the benchmark was the Macquarie Global Infrastructure Total Return Index ($A Hedged). From 1 March 2011, the benchmark is the S&P Global Infrastructure Index (Net Total Return $A Hedged).

Managers

Jonathon Ong
Jonathon Ong
Anthony Felton
Anthony Felton

Meet the managers

Hear from Portfolio Manager, Jonathon Ong, as he discusses the benefits of diversification accessible by investing in infrastructure securities.

Risks

All investments carry risk. Different investments carry different levels of risk, depending on the investment strategy and the underlying assets. Generally, the higher the potential return of an investment, the greater the risk. The risks of investing in this Fund include:

Investment risk: The Fund seeks to generate higher income returns than traditional cash investments. The risk of an investment in the Fund is higher than an investment in a typical bank account or term deposit. Amounts distributed to unitholders may fluctuate, as may the Fund’s unit price. The unit price may vary by material amounts, even over short periods of time, including during the period between a redemption request being made and the time the redemption unit price is calculated.

Infrastructure sector risk: The fund aims to provide exposure to the global infrastructure sector by investing in infrastructure related securities. The performance of these investments will be correlated to the global infrastructure sector in general, and may be affected by factors such as the availability and cost of finance, the level of usage of infrastructure, the level of supply of infrastructure projects, prevailing interest rates, government regulations as well as general market sentiment towards the sector as a whole.

Market risk: Share markets can be volatile, and have the potential to fall by large amounts over short periods of time. The investments of the Fund are likely to have a broad correlation with share markets in general, and hence poor performance or losses in domestic and/or global share markets are likely to impact negatively on the overall performance of the Fund.

More information on the risks of investing in the Fund is contained in the Product Disclosure Statement, which should be considered before deciding to invest in the Fund.

How to invest

Download the Product Disclosure Statement – Unhedged Fund / Hedged Fund, Information Booklet, and check for PDS updates

Send us the Application Form and any required identification documents

Resources

Insights

Benefiting from Mexico's hunger for infrastructure

Learn More

Investing in air traffic control

Read More

Investing in infrastructure

Learn More

Infrastructure securities as an alternative source of income

Read More