The Tortoise Sustainable Listed Infrastructure UCITS Fund aims to achieve a high, secure dividend yield on its investment portfolio and to realise long-term growth in the value of the portfolio while taking care to preserve capital.

Fund Stats as of 06/12/2019:

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NAV

£98.24

NAV Change

£0.62

Legal Structure

UCITS

ISIN

LU2066075990

Distribution Policy

Accumulating

Base Currency

GBP

Management Fee (Founders, Share Class for Institutional Investors)

0.60%

Minimum Investment (Founders, Share Class for Institutional Investors)

€2,500,000

Luxembourg Subscription Tax Rate (Institutional)

0.01%

The fund invests globally in the equity securities of growth-oriented economic infrastructure companies which are delivering increasing cash flows. The portfolio is diversified with respect to geography, sub-sector and investment themes, and it has a positive impact given the strategy’s focus on sustainability.

Strategy highlights

  • Investment in growth-oriented economic infrastructure companies whose shares are listed primarily on recognized stock exchanges in Europe (including the UK), North America and other OECD countries
  • Up to 10% of assets may be invested in companies with equity securities listed on stock exchanges in non-OECD countries

Tortoise believes that companies with a thorough understanding of, and strategy around, environmental, social and governance (ESG) issues are more capable of mitigating risks and enhancing their performance over the long term. Knowledge of ESG factors and risks and active ownership are, therefore, integral to the investment philosophy and process.

Business segments

Electric & Gas Utilities: Generation, Transmission & Distribution of Electricity, Gas and Liquid Fuels and Renewable Energies

Transportation Services: Roads, Railways, Ports and Airports

Water & Environment: Water Supply, Wastewater, Water Treatment and Environmental Services

Process

Investment process integrates traditional detailed fundamental analysis and a thorough study of ESG factors which we believe may affect stock valuations and shareholder value.

Portfolio

Portfolios typically comprise of 40-50 holdings, each 1.25% to 5.0% of the total portfolio. Holdings do not exceed 8% of the portfolio by value and turnover is typically low.

Characteristics of investment universe

Economic infrastructure offers unique characteristics that make it an attractive asset class for investors

Fund Information

Launch Date

01 August 2019

Base Currency

EUR

Currencies

GBP / SEK / EUR / USD / CHF

Share Classes

Retail (R), Institutional (I) both Accumulating and Distributing

Management Fee (Retail) 1

1.25%

Management Fee (Institutional) 1

0.85%

Management Fee (Founders, Share Class for Institutional Investors)

0.60%

Minimum Investment (Retail)

€1,000.00

Minimum Investment (Institutional)

€250,000.00

Minimum Investment (Founders, Share Class for Institutional Investors)

€2,500,000

Distribution Policy 2

Accumulating

Total Net Assets

TBD

Luxembourg Subscription Tax Rate (Retail)

0.05%

Luxembourg Subscription Tax Rate (Institutional)

0.01%

Legal Structure

UCITS

Redemption Settlement

3 business days

Administrator

BNP Paribas Securities Services, Luxembourg Branch, 60, avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg

  1. Non-founder classes, per annum on the net asset value of the fund.

    Total expenses do not exceed 1.6% for the institutional and 2% for the retail share classes.

  2. For distributing shares, dividends will be declared and distributed quarterly

Tortoise Ecofin® Platform

The Tortoise Ecofin Platform focuses on sustainability and impact strategies, harnessing years of investment expertise in infrastructure, water and the energy transition theme, including listed and private renewable energy infrastructure.

UN Sustainable Development Goals

Our strategies align with the following UN Sustainable Development Goals to help achieve sustainable energy and water sources.

Tortoise Sustainable Listed Infrastructure UCITS Fund TSLIU

This Fund is passported in Luxembourg, the UK, Norway, Denmark, Switzerland, Sweden and France; access to information on this Fund is not intended for prospective European investors outside of these jurisdictions other than under a local regulatory exemption.